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Youwin Business Competition 2013 - Business (77) - Nairaland

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Tips For Youwin Business Competition For 2015 / Apllication For YOUWIN Business Competition Extended To January 21st, 2014 / Youwin Business Competition 2013 (2) (3) (4)

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Re: Youwin Business Competition 2013 by Nobody: 8:17am On Dec 04, 2014
Ibrahyn, I like ur proposed strategy on how 2 speedily attract tranche 2. I'll like ur contact, email will be sufficient if u're not comfortable dropping ur fone no. I'm a Youwin 3 awardee too into computer sales.
Re: Youwin Business Competition 2013 by hmbs(m): 9:53am On Dec 04, 2014
Fellow awardees,am so proud of you.this crop of youwin awardees will definitely change the way youwin program is ran.I dont think the gtb officials are saying the truth cos even as slow as ACCESSbank was,we have been debited for chequebooks though they refused to give us our chequebook-reason being that our reference is still pending.My referees were diamond and unity banks.They have sent out the reference but they are yet to reply.
Re: Youwin Business Competition 2013 by hmbs(m): 9:59am On Dec 04, 2014
I wished all 1500 youwin 3 awardees wld be on nairaland so that we can have one voice.Most of us are not on nairaland.It becomes very difficult reaching all of us on major issues confronting us.We need a fora where we can reached everybody.We need to find out if all accounts have been opened or the issues awardees are having.We now find solutions by delegating people in that zone to get in touch with the affected awardees.Am in the south east-imo.I think we are about 90% done with accounts.The remaining 10% is collection of chequebook.
Re: Youwin Business Competition 2013 by hmbs(m): 10:06am On Dec 04, 2014
Access bank insisted that we should bring the referrers.Awardees in owerri came together and solved the referees issue by signing for ourselves.I have 2 existing corporate accounts which i used in signing for 5 awardees while they signed for me in return.pls lets know what the problem is?Wishing us successful fasting and fervent praying.
Re: Youwin Business Competition 2013 by Denn(m): 11:44am On Dec 04, 2014
hmbs:
Access bank insisted that we should bring the referrers.Awardees in owerri came together and solved the referees issue by signing for ourselves.I have 2 existing corporate accounts which i used in signing for 5 awardees while they signed for me in return.pls lets know what the problem is?Wishing us successful fasting and fervent praying.

I like your passion. You are still keeping our hopes alive.

God bless your hustle.

3 Likes

Re: Youwin Business Competition 2013 by yakssson(m): 3:55pm On Dec 04, 2014
The infor i got from my Bank (Stanbic Ibtc) north west was that, they will disburse the money within last week (mon-fri). We waited through out last week for d alert nothing.
Re: Youwin Business Competition 2013 by sydneyobioha(m): 7:07pm On Dec 04, 2014
hmbs:
Access bank insisted that we should bring the referrers.Awardees in owerri came together and solved the referees issue by signing for ourselves.I have 2 existing corporate accounts which i used in signing for 5 awardees while they signed for me in return.pls lets know what the problem is?Wishing us successful fasting and fervent praying.

I'm in Imo too.. I got an alert 4days ago from access bank with the caption "Month end balance".. The name of my company was fully stated in the message as the acct name and also my month-end closing balance was displayed in the text too.. Hope u got d same text msg from Access? If yes, that is an indication that your cheque book is ready and that all the necessary searches are over! Its well my fellow YouWIN 3! Awardees.
Re: Youwin Business Competition 2013 by sydneyobioha(m): 7:09pm On Dec 04, 2014
We shall get there..
Re: Youwin Business Competition 2013 by hmbs(m): 8:12pm On Dec 04, 2014
sydneyobioha:

I'm in Imo too.. I got an alert 4days ago from access bank with the caption "Month end balance".. The name of my company was fully stated in the message as the acct name and also my month-end closing balance was displayed in the text too.. Hope u got d same text msg from Access? If yes, that is an indication that your cheque book is ready and that all the necessary searches are over! Its well my fellow YouWIN 3! Awardees.
Re: Youwin Business Competition 2013 by hmbs(m): 8:15pm On Dec 04, 2014
Yes.i got the mail with account balances but was there on Monday to pick my cheque book but the bank didn't give me with the reason that my reference are still pending.
Re: Youwin Business Competition 2013 by chukwuka12: 8:46pm On Dec 04, 2014
May God accept our fasting and answer our prayers...AMEN!!!!
Re: Youwin Business Competition 2013 by hmbs(m): 8:52pm On Dec 04, 2014
Amen.
Re: Youwin Business Competition 2013 by chukwuka12: 8:54pm On Dec 04, 2014
hmbs:
Yes.i got the mail with account balances but was there on Monday to pick my cheque book but the bank didn't give me with the reason that my reference are still pending.

Just in case the reference delays, its always faster with references from the same bank, if u already have an account officer you can beg him to get u reference, if he refuses, then you have look for customers of the same bank, to referee u.... The truth is that references from other banks can take a month or more, some don't even respond... Speaking from experience....
So u can start working on plan B, just in case... I don't even know why access needs refs, oda banks didn't ask 4 it.
But I know it is well... Cheers bro
Re: Youwin Business Competition 2013 by hmbs(m): 8:59pm On Dec 04, 2014
Thanks bro...for the advice.God bless u.
Re: Youwin Business Competition 2013 by edundayo(m): 9:41pm On Dec 04, 2014
Dear Awardee,

This is to remind you that you are required to open a corporate bank account in the name of your registered business. This account will be used to disburse the YouWiN! Grant funds for your business. If you have commenced the account opening process, ensure that it is completed before December 12, 2014. This will enable the secretariat to commence the processing of Tranche 1 funds.

Kindly visit the nearest bank branch of your YouWiN! designated bank with the following (originals and photocopies);

a. CAC certificate and supporting documents which include particulars of shareholders and directors where applicable or a partnership deed duly notarized by a commissioner of Oath to show ownership of majority shares by 51% and above).

b. YouWiN! Legal agreement.

Please note that you are to open the account as the ONLY signatory as you will be fully responsible for managing the grant funds.

If you are in the Education related sector and are having challenges with this process, you are encouraged to apply for provisional approval from the State Ministry of Education where your business is/will be located to enable you complete the account opening process.


You can contact the Secretariat by responding to this email if have any other challenges.



Thank you


*Anybody else seen that?
Re: Youwin Business Competition 2013 by strigger: 9:43pm On Dec 04, 2014
Pls did anybody get a reminder mail today from youwin asking awardees to ensure that they tidy up account opening on or before 12th dec to enable them initiate the process of 1st tranche disbursement. A friend told me but i did not get any mail.
Re: Youwin Business Competition 2013 by chukwuka12: 9:56pm On Dec 04, 2014
Our prayers have started working...

I didn't get the mail, but its obvious they have started working on it....
Re: Youwin Business Competition 2013 by strigger: 9:58pm On Dec 04, 2014
edundayo:
Dear Awardee,

This is to remind you that you are required to open a corporate bank account in the name of your registered business. This account will be used to disburse the YouWiN! Grant funds for your business. If you have commenced the account opening process, ensure that it is completed before December 12, 2014. This will enable the secretariat to commence the processing of Tranche 1 funds.

Kindly visit the nearest bank branch of your YouWiN! designated bank with the following (originals and photocopies);

a. CAC certificate and supporting documents which include particulars of shareholders and directors where applicable or a partnership deed duly notarized by a commissioner of Oath to show ownership of majority shares by 51% and above).

b. YouWiN! Legal agreement.

Please note that you are to open the account as the ONLY signatory as you will be fully responsible for managing the grant funds.

If you are in the Education related sector and are having challenges with this process, you are encouraged to apply for provisional approval from the State Ministry of Education where your business is/will be located to enable you complete the account opening process.


You can contact the Secretariat by responding to this email if have any other challenges.



Thank you


*Anybody else seen that?
'Commence processing of tranche 1 funds' .......
Pls can anybody with finance knowledge interprete the above clause?
Re: Youwin Business Competition 2013 by chukwuka12: 10:03pm On Dec 04, 2014
strigger:

'Commence processing of tranche 1 funds' .......
Pls can anybody with finance knowledge interprete the above clause?

Its as simple as you see it... U can also change processing to Disbursement.....Lol
I think that's what it means.... Its already processed they need account numbers to disburse....
My own thinking
Re: Youwin Business Competition 2013 by Adulphus(m): 10:30pm On Dec 04, 2014
sydneyobioha:


I'm in Imo too.. I got an alert 4days ago from access bank with the caption "Month end balance".. The name of my company was fully stated in the message as the acct name and also my month-end closing balance was displayed in the text too.. Hope u got d same text msg from Access? If yes, that is an indication that your cheque book is ready and that all the necessary searches are over! Its well my fellow YouWIN 3! Awardees.

Please how much did you people at IMO used to open your account in Access Bank?
Am a Youwin 3 awardee Enugu branch but we were not ask to pay any money during our account opening
Re: Youwin Business Competition 2013 by Adulphus(m): 10:44pm On Dec 04, 2014
edundayo:
Dear Awardee,

This is to remind you that you are required to open a corporate bank account in the name of your registered business. This account will be used to disburse the YouWiN! Grant funds for your business. If you have commenced the account opening process, ensure that it is completed before December 12, 2014. This will enable the secretariat to commence the processing of Tranche 1 funds.

Kindly visit the nearest bank branch of your YouWiN! designated bank with the following (originals and photocopies);

a. CAC certificate and supporting documents which include particulars of shareholders and directors where applicable or a partnership deed duly notarized by a commissioner of Oath to show ownership of majority shares by 51% and above).

b. YouWiN! Legal agreement.

Please note that you are to open the account as the ONLY signatory as you will be fully responsible for managing the grant funds.

If you are in the Education related sector and are having challenges with this process, you are encouraged to apply for provisional approval from the State Ministry of Education where your business is/will be located to enable you complete the account opening process.


You can contact the Secretariat by responding to this email if have any other challenges.



Thank you


*Anybody else seen that?
Drop the email that sent you this mail. Thanks
Re: Youwin Business Competition 2013 by aofete: 11:07pm On Dec 04, 2014
youwin_three@youwin.org.ng
Adulphus:

Drop the email that sent you this mail. Thanks
Re: Youwin Business Competition 2013 by sydneyobioha(m): 12:02am On Dec 05, 2014
Adulphus:


Please how much did you people at IMO used to open your account in Access Bank?
Am a Youwin 3 awardee Enugu branch but we were not ask to pay any money during our account opening



The branch manager at Access bank Owerri insisted that we must deposit 10k, most of us agitated bt our agitation couldn't change her mind.. We got to deposit the 10k as initial balance, although they later charged us 1.5k for cheque book issuance..
Re: Youwin Business Competition 2013 by Ibrahym(m): 12:32am On Dec 05, 2014
sunylee1:


I completely disagree with the contact that gave such excuse for the following reasons:
1. Most of the banks officials did not demand for refree (as the account managers provided the referees)
2. For previous YouWiN editions first tranche was released in batches as account opening as ready
3. I make bold to declare that as at today there is NO awardee that has not finalised their parts of acount opening. PLEASE IF THERE IS ANY AWARDEE THAT IS STILL HAVING PROBLEM WITH ACCOUNT OPENING THEY SHOULD PLEASE SPEAK OUT so that we can advise on next line of action to solve any problem such person(s) may have

I understand your doubts bro. But it seems the YouWin email sent this afternoon, even though just a reminder, somewhat reflects part of the issue.
The point being made by the banker is that not all awardees have actually commenced process of opening their accounts.
In addition, I also know that the process of opening accounts itself has to be followed - in this case by GTB, whether special YouWin account or not.
However, bank managers can waive (postpone) some requirements based on need. For example, I and about 20 other Youwin! accounts required SCUML registration which is also necessary before GTB finally allocates you an account number. A waiver was obtained from the zonal head or so to enable processing of the Youwin accounts. That does not mean the SCUML registration, which usually takes about 3 weeks will not be done.

@chukwuka12's advice on the reference aspect is also true... reference from a different bank extends the opening process.
Generally, bankers are happy to help you get referees to ease the process. So if the bank did not ask you for a referee, its not because it was not necessary, its because they will sort is out for you and not all of them are able to do that (my view).
In my own case, I brought my own references.


On your 2nd point, yes payments are/may be made in batches. But, in the first instance YouWin secretariat still needs to know that majority have sorted out their accounts before it starts paying. 1st tranche payments may still be in batches but within a closer period (I wouldn't expect them to pay 500 ready accounts this month then another 500 next month, etc); 2nd tranche has more to do with your triggering and other factors.
In the case of Youwin 2, they signed the contract end of June 2013; booth camp followed during which they were given allocated banks. Accounts were opened as from July 2013. 1st tranche was paid around October 2013 or thereabout.


On your last point, do you have proof? Its safer for me to say that Youwin 3 awardees on this nairaland thread (who make comments) plus those we know (to use as examples here) are only a fraction of the total size, so we cant really know.

Anyway, lets see what happens by 12 December 2014!
Re: Youwin Business Competition 2013 by Ibrahym(m): 12:36am On Dec 05, 2014
By the way, our accounts are COT free.
I wonder if this will be in perpetuity, or the banks will change it after the Youwin contract expires?
Re: Youwin Business Competition 2013 by bamistol: 3:36am On Dec 05, 2014
edundayo:
Dear Awardee,

This is to remind you that you are required to open a corporate bank account in the name of your registered business. This account will be used to disburse the YouWiN! Grant funds for your business. If you have commenced the account opening process, ensure that it is completed before December 12, 2014. This will enable the secretariat to commence the processing of Tranche 1 funds.

Kindly visit the nearest bank branch of your YouWiN! designated bank with the following (originals and photocopies);

a. CAC certificate and supporting documents which include particulars of shareholders and directors where applicable or a partnership deed duly notarized by a commissioner of Oath to show ownership of majority shares by 51% and above).

b. YouWiN! Legal agreement.

Please note that you are to open the account as the ONLY signatory as you will be fully responsible for managing the grant funds.

If you are in the Education related sector and are having challenges with this process, you are encouraged to apply for provisional approval from the State Ministry of Education where your business is/will be located to enable you complete the account opening process.


You can contact the Secretariat by responding to this email if have any other challenges.



Thank you


*Anybody else seen that?

Our God answers prayer. We need to start thanking him as we wait for that Fri 12th December.

Well I did not get the mail. Can you post the address that sent you the mail. It appears you are the only one that got the mail on this thread.

On the issue of account opening, please let us contact other awardees that we know, but are NOT on this forum to go to their banks tomorrow Friday 5th December to find out the status of their account, so that if there is any problem they can as a matter of urgency contact YouWiN! secretariat for swift assistance and one of us rightly suggested, we can as well put our heads together to see how to help one another out as YouWiN is doing their own from their own angle.

Also, I want to appeal to all awardees on this forum to also visit their banks and ask about their account status from their account officer, so that we can be 100% sure if we are done and if any problem then we all can put our head together to help resolve it as YouWiN secretariat carry out their own part.

Happy expectation towards the Friday 12th December as indicated in the mail
Re: Youwin Business Competition 2013 by bamistol: 3:43am On Dec 05, 2014
Thank God for answered prayer!
Pls "@edundayo" don't forget to post the email address that sent you the mail so that those who may still have problem can contact them through the email as indicated in the message. Thanks.
Re: Youwin Business Competition 2013 by hmbs(m): 6:13am On Dec 05, 2014
God will surely do it for us.i think the mail was sent to few awardees.a friend called me to check my mail but I did but I couldn't find the mail.i guess awardees are selected randomly or those who haven't started the process.
Re: Youwin Business Competition 2013 by hmbs(m): 6:16am On Dec 05, 2014
hmbs:
Amen.
Re: Youwin Business Competition 2013 by hmbs(m): 6:19am On Dec 05, 2014
chukwuka12:


Just in case the reference delays, its always faster with references from the same bank, if u already have an account officer you can beg him to get u reference, if he refuses, then you have look for customers of the same bank, to referee u.... The truth is that references from other banks can take a month or more, some don't even respond... Speaking from experience....
So u can start working on plan B, just in case... I don't even know why access needs refs, oda banks didn't ask 4 it.
But I know it is well... Cheers bro
Re: Youwin Business Competition 2013 by hmbs(m): 6:24am On Dec 05, 2014
Accessbank asked me on Monday to bring same bank reference to pick up my cheque book immediately but I have tried without result.pls any awardee knows how I can get Accessbank corporate account reference.am in Owerri.in case any awardee needs gtb reference,don't hesitate to contact me on 08176274156.God will surely do it this year.
Re: Youwin Business Competition 2013 by hmbs(m): 6:34am On Dec 05, 2014
The acessbank,branch mgr,Owerri,mrs Ijeoma was not treating us like YOUWIN awardees.she was not supportive,accomodating and helpful.she insisted on 10k and 2references or the account won't be opened.She is on leave but her subordinates are afraid to even attend to us.

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