kpineo:

To contribute my 2kobo. Why not if you don't already have an account with a Naija bank. Open an account with one of the Nigerian banks (not Domicilliary) and transfer funds to that account. Either using friends who want to send money to Nigeria or withdraw money from Nigeria. E.g a friend needs £5k, he transfers the Naira into your Nigerian account and you give him £5k in England and vice-versa. You have just successfully moved the funds to your Naija account without Capital Importation Cert or anything. Also you move funds to your broker from your Nigerian account and whenever you want funds from your brokerage account they move it into your Nigerian account. I do this all the time with friends and believe me there is always someone out there trying to get funds either here or in Lag, just cast your net into the field.

hope this helps.

Surprises:

OFFER ALLOTMENT

I hear that with SPECIAL arrangement, one can get all its allotment in some public offers.  A friend did it, and he got all 5,000,000 units.  Is this practice ok by SEC?  With all these returned money, should one be surprised?  Have you heard something similar?  Japaul and Int. Breweries are a case in point.

orisebawo:

I would be
I would be carefull about moving money (cash) around in the UK, you can be charged  for money laundering, every cash that enters your account should have an audit trail to back it up it is better to use western union or moneygram. my colleague was almost sent to jail last year for such transactions

hbrednic:

@hbrednic
I asked my bank and this is strange to them. they only send confirmation of transmital of funds

what bank is that?
stop asking the cashiers,just move to the foreign exchange section.they will do the trick once the money came in through them.
for me, money wey reach home don reach home be that,no going back. CIC or see i see na tori

You need a CIC if you intend to repatriate the money. If not you will have hassles explaining the source of the money. Yes  a bank transfer it but what is the source. The CIC basically showed that you brought money in, invest it and now repatriating it 'home'. If you don't have the mind of repatriating don't worry. However if you do, get CIC or you may have a money laundering charge upon your head especially if you have an Osama Bin Laden type of name or look.

tboy1:

@dollyp1cute /wanaj0

I've got a couple of shares last yr and so far the profits looks good for now. Now i'm thinking of getting skyebank shares- do u think its a good buy, because i bought some bank shares last yr and some r not doin well at all.

Thanks

kpineo:

bros are you telling me if i owe you £10K, i can't pay it into your account in the UK. It's not like you are going to be moving £100K weekly. As a matter of fact your bank will kill you with letters in the post, pre-approved things.
I see you want to add to western unions profit margin. As for me and my house no tax and no transfer fees. Remember profit was not made in UK, so y should i pay tax to the UK government again[b].---"double taxation"[/b]

kpineo:

bros are you telling me if i owe you £10K, i can't pay it into your account in the UK. It's not like you are going to be moving £100K weekly. As a matter of fact your bank will kill you with letters in the post, pre-approved things.
I see you want to add to western unions profit margin. As for me and my house no tax and no transfer fees. Remember profit was not made in UK, so y should i pay tax to the UK government again[b].---"double taxation"[/b]

carolope:

@All,

Anyone seen the update for today? I don't seem to find any. How did the market go?

dollyp1cute:

Of course Skyebank is a good buy, whether you can get them is another matter. If your broker can get you some let me know.

Which banks do you have in your portfolio.

bigjay01:

not that i am aware of. If you earned the money legitly, u can withdraw and do whatever u want with it. I do anyway, at least not the small amount i deal with anyway. when u withdraw money across the counter they'll always issue u with a till receipt. I thinks its enough proof of the source

eniyanman:

@orisebawo, @wanaj0 (patron-saint of long-termers),
that is a new dimension o. the problem is I don't know where to get the certificate. it is unlikely that the customs here will issue one (since no goods are involved and they only deal with imports into the UK). My bank can't also issue one (except maybe an export certificate). That leaves either the receiving bank or the stockbrokers themselves. I no one face money laundering charges. I want this fuds to be tracable with the banking system. I don't want to be held at Her Majesty's pleasure

How easy is it to transfer money from a Nigerian bank account to a foreign account.

eniyanman:

@orisebawo, @wanaj0 (patron-saint of long-termers),
that is a new dimension o. the problem is I don't know where to get the certificate. it is unlikely that the customs here will issue one (since no goods are involved and they only deal with imports into the UK). My bank can't also issue one (except maybe an export certificate). That leaves either the receiving bank or the stockbrokers themselves. I no one face money laundering charges. I want this fuds to be tracable with the banking system. I don't want to be held at Her Majesty's pleasure

How easy is it to transfer money from a Nigerian bank account to a foreign account.

tboy1:

Thanks 4 your reply,here's what i've got so far:

ECOBANK
STERLNBANK
INTERCONT
OCEANIC
FIRST BANK

orisebawo:

You don't have to pay tax twiceif you can proof you had already paid interest on the initial investment, although you might pay tax on the profit if you are domiciled in the UK (confirm from a tax  expert).

The receipt from the counter is not a proof of the source of funds. it will either be your payslip, rent income slip,receipts from invoices you,dividends slip, loans etc

eniyanman:

It depends if you are UK-resident and carry their pali. HMRC go come ask for their share

JeromeK:

Gallic greetings to the peeps on Nairaland,

Obviously my infamy precedes me so I won't bother introducing myself. So that everyone knows exactly where they stand, let me just point out that it's someway behind me, JK "the original "Rogue Trader", or at least the latest and biggest.

If the incumbent "Guru's", "Suicide Bombers" and "Fundamentalists" feel aggrieved by this and take it as an insult, please understand that I am French and possess more hubris than all 100 odd Nigerian tribes put together.

Being in custody at the moment, I have a lot of free time, so while i was surfing - free WiFi and laptops in our superior French Penitentiaries - I happened across this petit site.

Now mon amis, could someone kindly confirm the Dangote Flour IPO allotment, I'm hearing conflicting figures and need to verify.

Answer quickly les Nigerians or I may unleash my particualr brand of derivative trading on the puny NSE, making the distinction between suicide bomber and fundamentalist totally existential.

Au revoir
JK

bigjay01:

bros what r u on about, if ojo stop u an d u produce the receipt, they can always run a check on your incoming funds from the a/c and verify if any is questionable. I do it all the time. In 2006 I gave a friend 10k to take home 4 me, he was stopped at LHR and the guy produced the till receipt, the customs guys just query am small pass am.