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Stats: 2,260,163 members, 4,945,148 topics. Date: Sunday, 26 May 2019 at 08:13 PM
|INTRODUCING IBL ESCROW SERVICE:: by Mcleo007(m): 12:21pm On Oct 22, 2018|
Hello good people of Nairaland. This is introducing the IBL ESCROW SERVICE, an innovation of my company, THE INSPIRED BY LEO GLOBAL SERVICES. I feel honoured to say I have been a big beneficiary of this great online forum. I started IBL PROCUREMENT AND LOGISTICS some years back after carefully understanding the need to create a service that could cater for a set of people (those not in Lagos and have things to pickup and have dispatched to their location), especially during the mini importation boom. The brainchild of the business; thanks to God, the people that employed my service and the continuous flourishing of this great forum, IBL PROCUREMENT AND LOGISTICS has grown and promises to achieve greater heights. At it, I became an employer of labour and groomed young protégés who are doing ok on their own now.
I understand the Nigerian business factor so well, and truth be told, Nigeria is an unfriendly clime to do business. The breadth and width of this country is so enormous that it becomes unthinkable to see people not taking advantage of the vast opportunities around to make meaningful impact on their own lives and those they meet. Trust, as militating factor to anything, is a blind man’s guide anywhere in the world not only in Nigeria. And Nigeria, being known for several online scam activities has further made doing business a problematic of great concern. Nigerians do not trust themselves and has thus, brought a clamp down on most business prospects. That was how IBL PROCUREMENT AND LOGISTICS started see thread here; https://www.nairaland.com/1789589/ibl-procurement-logistics-service-non-lagos . I sought With the service, to bridge the gap of trust between persons not in Lagos and sellers, suppliers, manufacturers, shipping agents based in Lagos. Now, IBL ESCROW is an offshoot of that success story.
EXPLAINING ESCROW SERVICE
Escrow is a legal concept in which a financial instrument or an asset is held by a third party on behalf of two other parties that are in the process of completing a transaction. The funds or assets are held by the escrow agent until it receives the appropriate instructions or until predetermined contractual obligations have been fulfilled. Money, securities, funds, and other assets can all be held in escrow.
When parties are in the process of completing a transaction, there may come a time when it is only interesting to move forward for one party if it knows with absolute certainty that the other party will be able to fulfill its obligations. This is where the use of escrow comes into play.
For example, a company selling goods internationally wants to be certain that it will get paid when the goods reach their destination. Conversely, the buyer wants to pay for the goods only if they arrive in good condition. The buyer can place the funds in escrow with an agent and give irrevocable instructions to disburse them to the seller once the goods arrive. This way, both parties are safe, and the transaction can proceed.
An escrow agreement is a legal document that outlines the terms and conditions between parties involved in an escrow arrangement. An escrow agreement defines the arrangement by which one party deposits an asset with a third person (called an escrow agent), who, in turn, makes a delivery to another party if and when the specified conditions of the contract are met.
BREAKING DOWN 'Escrow Agreement'
An escrow agreement must fully detail the conditions of the escrow arrangement between the parties. It normally includes such information as the identity of the appointed escrow agent, definitions for any expressions pertinent to the agreement, the escrow funds and detailed conditions for the release of these funds, the acceptable use of funds by the escrow agent, the duties and liabilities of the escrow agent, the escrow agent's fees and expenses, and the jurisdiction and venue in the event of a legal action. To allay this is why i will like for all cash transactions be done on this thread for all to see.
Now, this new phase of my business idea is concerting to all, I mean everyone on Nairaland (I hope the mods can see the genuineness in this). I have come up with an ESCROW SERVICE to cater for our transactions as it regards transfer of money or service from buyer to seller, service provider to end receiver and so on. Thus, do you intend to buy something from one part of Nigeria from a seller at the other end, or you want say Mr A at Ibadan to offer you an online service to as Mr B at Benin(eg to design a logo which is readily done at his location), the distance should not be a barrier. The world has grown so ever nearer than it was some ten years ago. Everything can be done in real time now, with ease of comfort. Hence, that i don’t trust Mr A with money to deliver a service should not be hindrance for me, Mr B not to be open to do business with him no matter where he is. Mr A and Mr B can carry out a transaction with Mr C acting as the middle man(Escrow).
WHY SHOULD WE TRUST IBL ESCROW
I have been an active member of this forum for years, built a growing business from this forum and have maintained a good track record over the years. You can search for the name IBL or David-Leo Toyin Alabi for any fraudulent record and you would find none. I think with that, its easy to trust me. I can handle transactions for two buyers; receive funds and credit seller upon delivery confirmation from buyer. IBL ESCROW can be trusted!
IBL ESCROW PROCESS
Below are the modalities to be followed:
1. Buyer and seller agree in or outside this thread and notify IBL (Mcleo007) of the desire to enact a transaction using this thread. Details of transactions (duration and progression) are to be stated. A transaction fee of N1,000 applies which is mutually absorbed by both parties.
2. Buyer goes ahead and makes payment to IBL account and notify both seller and IBL with proof of payment made here (Nairaland is a faceless forum, don’t be scared of your identity made open to all).
3. IBL commissions seller to go ahead and render service escrowed for.
4. Buyer confirms service rendered and notifies IBL to release funds.
5. IBL releases fund to seller, retaining N1,000 transaction fee.
That is the way to a successful business. More secure proceedings would come up with time.
As a logistics outfit, we offer movement of goods and services from Lagos to locations within and outside of the city. Our services can be employed to move goods around and good thing is, we accept cash on delivery at every point. Contact for more details or see our thread; https://www.nairaland.com/1943083/ibl-logistics-pickup-free-warehousing, https://www.nairaland.com/2914327/ibl-logistics-free-warehousing-delivery
We do not vet goods or services, and not liable to ascertain deeds of transactions except the ones that employs our delivery service.
David-Leo Toyin Alabi (MD/CEO The Inspired by Leo Global Services)
42D, Binukonu Shopping Plaza, Ogudu road, Ojota.
07033801718, 08050528342, 08099532265
I want to thank the curator of this thread, Mr Seun Osewa and everyone that has contributed to make this forum what it is today. I look forward to everyone employing this service. I have dreams of seeing it grow big and bigger (to become a job haven for as many people). It can only be so, if the support is shown. To those who have done business with me and still continue to refer my service to more people, i say thank you. Hoping to see you avail of this one too.
Cc: BizBloke, mayorall, mikkyangel, Lionlee216, Clone2020
|Re: INTRODUCING IBL ESCROW SERVICE:: by bobo65(m): 12:23pm On Oct 22, 2018|
Nairaland really needs something like this
|Re: INTRODUCING IBL ESCROW SERVICE:: by Stormyweather(m): 12:55pm On Oct 22, 2018|
make i book space
|Re: INTRODUCING IBL ESCROW SERVICE:: by MrOpp(m): 12:59pm On Oct 22, 2018|
Nice one, we use escrow service on the dark web. Its quite a reliable model
|Re: INTRODUCING IBL ESCROW SERVICE:: by Mcleo007(m): 1:20pm On Oct 22, 2018|
|Re: INTRODUCING IBL ESCROW SERVICE:: by Deyinka007: 1:34pm On Oct 22, 2018|
Nice one bro. Time to make it official..
|Re: INTRODUCING IBL ESCROW SERVICE:: by uc97: 2:31pm On Oct 22, 2018|
What if buyer receives the item or service but denies receiving it and tells u not to release money to the seller?
3 Likes 1 Share
|Re: INTRODUCING IBL ESCROW SERVICE:: by henrixx(m): 2:33pm On Oct 22, 2018|
Mcleo007:yes. This is the right place. Welcome on board.
|Re: INTRODUCING IBL ESCROW SERVICE:: by henrixx(m): 2:38pm On Oct 22, 2018|
uc97:seller will provide proof of item sent and confirmation from transport company that item was picked up.
|Re: INTRODUCING IBL ESCROW SERVICE:: by obosirow: 7:00pm On Oct 22, 2018|
|Re: INTRODUCING IBL ESCROW SERVICE:: by Clone2020(m): 11:13pm On Oct 22, 2018|
I've used IBL before and he delivered. Wehdone sir.
|Re: INTRODUCING IBL ESCROW SERVICE:: by harmbhrosz(m): 11:27pm On Oct 22, 2018|
@Mcleo007 thank you for today's service and hospitality.
The camera guy!
|Re: INTRODUCING IBL ESCROW SERVICE:: by nymphomaniac(m): 12:21am On Oct 23, 2018|
Has this been sanctioned by the mods and seun? If yes, I think it is a welcome development.
|Re: INTRODUCING IBL ESCROW SERVICE:: by lizzypro(f): 12:49am On Oct 23, 2018|
|Re: INTRODUCING IBL ESCROW SERVICE:: by lizzypro(f): 12:49am On Oct 23, 2018|
|Re: INTRODUCING IBL ESCROW SERVICE:: by otikpoko(m): 2:26am On Oct 23, 2018|
|Re: INTRODUCING IBL ESCROW SERVICE:: by Mcleo007(m): 1:37pm On Oct 23, 2018|
Thanks for the comment. We have two models of delivery; home delivery and waybill. The first one entails delivery to the receiver's address and can be tracked online. The second is via motor park waybill where the package is registered as a waybill or handed to a driver from whom the receiver is to pick up the item from. These two models cannot be denied. Thanks once again.
Was a pleasure having you around sir.
No it has not, but a recommendation by a vast majority and attestation can be pushed. Thanks for the kind observation.
|Re: INTRODUCING IBL ESCROW SERVICE:: by Mcleo007(m): 1:44pm On Oct 23, 2018|
|Re: INTRODUCING IBL ESCROW SERVICE:: by Dondavee(m): 8:22pm On Oct 23, 2018|
How much would you charge to deliver to Niger state
|Re: INTRODUCING IBL ESCROW SERVICE:: by gbodimowo(m): 9:41pm On Oct 23, 2018|
Let me book space here
|Re: INTRODUCING IBL ESCROW SERVICE:: by Mcleo007(m): 12:25pm On Oct 24, 2018|
|Re: INTRODUCING IBL ESCROW SERVICE:: by Mcleo007(m): 12:26pm On Oct 24, 2018|
We charge by content and weight. Kindly reach out via Whatsapp; 07033801718 or refer to our thread on pickup and deliveries. Thanks
|Re: INTRODUCING IBL ESCROW SERVICE:: by Dondavee(m): 1:09pm On Oct 24, 2018|
Mcleo007:Its a phone I want to buy from a nairalander. How much for the whole transaction?
|Re: INTRODUCING IBL ESCROW SERVICE:: by Mcleo007(m): 7:33pm On Oct 24, 2018|
N2,500 (South West locations)- Same day delivery by bus transit waybill. Duration is within 24hrs.
N3,000 (South East/South-South locations, Abuja/Lokoja)- We recommend Home delivery via Courier. Duration is 3-9 days.
N3,500 (North/Middle belt locations) - We recommend Home delivery via Courier. Duration is 3-9 days.
The above applies for normal items weighing 0-5kg.
N250 applies on every added kg.
Cargo goods shipped via normal/carton packed volume attract #1,000 extra per 5kg.
Phones attract extra N500 per each.
Laptops/fragile items attract extra N1000 per each.
NOTE: We offer no form of guarantee for items sent via conventional bus transports. Client must note we are not directly involved in conveying of items to their locations as our job is to pickup and send via whatever means accepted or recommended. We are not liable for whatever happens on transit, especially considering as they are beyond our immediate control. We also do not have control over the duration at which it would take for goods to arrive client's destination. We have no control over the duration and safety of the goods in transit. We commit our best to provide efficient service, but pose no liability should anything happen that does not directly involve us.
|Re: INTRODUCING IBL ESCROW SERVICE:: by Dondavee(m): 9:17pm On Oct 24, 2018|
This means if the seller sends it through you , I'll pay #4,000 for the phone to come and if I like it I give the go ahead for you guys to pay him but if I dont think the phone is up to standard its #4,000 gone?
|Re: INTRODUCING IBL ESCROW SERVICE:: by Adinije(f): 12:17am On Oct 25, 2018|
It's a welcome development. It will solve a lot of distance ish if majority of buyer will subscribe to it.
IBL always delivers.
I look forward to using this service.
|Re: INTRODUCING IBL ESCROW SERVICE:: by henrixx(m): 4:36am On Oct 25, 2018|
Dondavee:In an escrow. Why Will someone sell you a bad item when he knows there's an option for you to return?!
|Re: INTRODUCING IBL ESCROW SERVICE:: by Kreamie(m): 5:34am On Oct 25, 2018|
In other words, whatever happens during transit, you’re on your own.
|Re: INTRODUCING IBL ESCROW SERVICE:: by Mcleo007(m): 11:14am On Oct 25, 2018|
More or less sir, hence our recommendation of a safe alternative. The choice is always yours. Thanks.
|Re: INTRODUCING IBL ESCROW SERVICE:: by Mcleo007(m): 11:34am On Oct 25, 2018|
|Re: INTRODUCING IBL ESCROW SERVICE:: by Mcleo007(m): 11:40am On Oct 25, 2018|
Its always good to have a grill with a seller before committing to a purchase. Thanks to technology; you can engage in video calls to have a look at the item or product, have the seller send you close up pictures and videos if necessary and all things you need (information) about the item before going ahead. Doing this covers at least 80% of the needful, and the 20% is just for your affirmation upon reception of the goods. I believe no seller would genuinely send you a bad product knowing full well he or she only gets paid after you receive it.
Thanks for the kind commendation.
|Re: INTRODUCING IBL ESCROW SERVICE:: by Mcleo007(m): 11:41am On Oct 25, 2018|
Another quick way to trade: both buyer and seller can create a WhatsApp group and add IBL. That would hasten communication since Nairaland is not equipped with real-time communication. Thanks
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