₦airaland Forum

Kinda find this funny. In other words, your guys go about looking for each other to fight at different threads.

Infact, we will settle this once and for all. Portable has been settling feud by having boxing matches with speed Darlington and the rest. We will organize what l will tag INVESTORS BANTER WEIGHT BOXING MATCH between yourself and @Creditalert so you guys settle it at the ring once and for all.

Iamblessed8888:
He has been picking on me in other threads too. He just doesn’t do it here so as to appear like the victim. Check his posts and see

Been following every post and learning, realized you like picking on @creditalert. He's been avoiding you but you just won't stop. Try to avoid him too so you guys won't repeat what you did here earlier in the year that resulted in investors blocking reading words from both of you.

Iamblessed8888:
I see no network in the creeks. How many kidnappings in Q3?

Thanks a lot, will do as you advised

megawealth01:
Yes, it is worth investigating all of them: First Inland Bank became FinBank and was acquired by FCMB,

It is definitely worth investigating all five investments, as old certificates, purchase forms, AGM notices, your BVN and other records can help trace your holdings even where you no longer have certificates.

Start with a CSCS Global Search through a registered stockbroker, then follow up with the relevant registrars for any surviving shares, acquisition proceeds and unclaimed dividends.

@all the experts into share investment, l have some questions

I bought about 1000unit of share of the defunct firstinland bank. Which of the current bank acquired firstinland bank? Secondly, can l approach the bank that acquired them if l'm able to know it, with my share certificate to see if anything can be redeemed?

l bought FCMB share, l don't have their share certificate but used to get message from one CSR company about all the activities of the bank including their AGM invitation. I'm thinking of approaching the bank with my BVN and other info to say that l have share, will l be taken serious.

DAAR communication aka AIT, got their share at final year, l have their certificate but haven't been watching or know anything about their shares since their chairman Remond Dokpesi died. Can anything come out?

Union Bank, bought about 15k share with them in 2006 or 07, no certificate was given. Any way of checking to see if anything can come out

Lastly is GTB guess in 2012, no certificate but still have the the copy of the form l filled, l got or bought about 1000unit at the time. Can anything come out of this? Advice on how to go about finding these shares will be appreciated.

To diversify actually, @Emmasoft is most vast/knowledgeable on investment than most of us here. I codedly adhered to his advice to have/maintain at least 2 MMF platforms. While one should serve long term vision the other for short term. The last time l made a withdrawal from trustbank via cowrie, it took 24hr. While withdrawal from First Ally will be completed in few minutes. Trustbank will serve long-term while First Ally day to day activities due to flexibility in withdrawal

Preator:
If you were on trustbanc via cowrywise, why are you joining first ally? Becuase of the cowrywise block on topping up? Or just diversifying?

Awesome, thank you

emmasoft:
@Coolis, I understand your experience, and I agree that experiences like this can understandably influence how someone compares fund managers or investment platforms.

However, most of the time, when people ask, “Which is the best MMF platform?” the responses they get are often influenced by personal experiences. Someone may have had a very smooth experience with one platform, while another person may have experienced downtime, login issues, delayed transactions, or other challenges with the same platform. So, in that sense, what is considered “best” is often relative and depends on the factors being considered.

When it comes to the safety and structure of a Money Market Fund, however, I would be careful about using the app or platform experience alone to determine which fund is safer.

The important thing to understand is that your investment capital is not sitting inside the investment app.MMF is not like MDBs. The app is essentially a window through which you view your investment, initiate transactions and monitor your holdings and their are other alternative ways of doing this as well. The actual fund assets are held through the fund's structure, with the underlying investments managed by the fund manager and the cash/assets held with the appropriate custodian, subject to the applicable regulatory framework.

So, if an app is temporarily unavailable, undergoing maintenance, or giving you difficulty logging in, it can certainly be stressful, especially when you want to confirm that your money is there. But the inability to log into the app does not, by itself, mean that your investment has disappeared or that the underlying fund assets are affected.

For me, from experience, when comparing MMFs, I would rather look at the fund structure, fund manager, custodian, trustee, regulatory oversight, underlying assets, historical performance, fees, liquidity/redemption terms and other relevant factors, rather than simply asking which app gives the best user experience.

So I agree with your final point: there is no universally “best” MMF platform. Different funds and platforms have comparative advantages, and what one investor considers best may not be the same for another.

The key is to understand where your money actually sits and how the fund is structured, rather than judging the safety of the investment solely by the performance of the app.

Again, it's always good to ask questions, especially from the customer service center, to avoid unnecessary stress.
It was just an unavoidable maintenance/upgrade, and it's a one-off.

keep investing and keep learning.

Abeg, those of you that like to ask questions such as, which is the best mmf platform? there by getting responses promoting some platforms should stop it. Whatever info put out here is used behind the scene by people.

I recently joined First Ally from the promotion the company got here about two weeks ago as the best but the high blood pressure the system gave yesterday fit kpai someone lol.

First, l tried to check my investment, they said my password was incorrect, l checked the password carefully and tried to login again but got same incorrect password replied. I tried the 3rd times, they banned me for about 3 hours. At this point, l said they have finally got me again.

I rushed to this thread to see if others are experiencing same, l got a bit of relief when l learnt the system was under maintenance. I started praying and counting down to 7:55pm when l was told to login again. @8pm, l tried login in with same password l have been using for 3 more times and my account was locked again and l was asked to try again at 10:44pm. At this point, l said maybe l have been ran street by the platform. I came back to this thread again, this time, l started reading comments on password resetting.

I said today na today, na night vigil l go do like this so. But l slept off, woke up around 2am. The saying in the bible that, where a man treasure is, there his heart will be is a confirmed truth/fact. The moment l was awake, l rushed to first Ally, tried to login the 1st time, got incorrect password or email reply, l hit the forgot password button and was told a password recovery/resetting code has been sent to my registered email, got the code and entered and was asked to enter a new password and to re-enter it after which l gained access to my account.

The most annoying part is, l didn't even change the password. I entered the old password as new one and the system accepted it still. My question now is, is this what old clients have been going through and those of us just joining will be encountering each time first Ally is going to do maintenance?

Trustbank via cowrie, since l joined in January, not even for once did l encounter any hitch login into my account. I will conclude by saying, no MMF platform is the best. They all have comparative advantages over one another. Thanks for reading and attention to this matter

Okay, thank you. I wanted to take the money l should top up on first Ally today to palmpay for 20% p.a for 60days duration but its better added to mmf with first Ally since interest will be added in few days time

Bluearrow:
For first ally, u can see your interest daily, but it is not added to capital. Interest will be added to everybody's account on 1st October, but u will need to tap the refresh button close to your balance, but on the 2nd of October, it will automatically be added to your balance if u didn't tap d refresh button on the 1st

Please, is interest added to Capital on a specific day generally/automatically for all First Ally investors or individually after the completion of the 3months from the day one funded their accounts? In any case, given that l funded my account last Sunday 20th, when is my accrue interest going to become part of my investment?

On cowrie, l can see when my interest is going to become part of my capital with trustbank mmf but l can't see such info on First Ally platform

Bluearrow:
Interest for mmf is withdrawable & added to capital after every 3 months.

Based on Emmasoft advice to operate at least 2 mmf, have added First Ally to trustbank. Trustbank interest rate is higher than first Ally. First Ally will be for short term project since you guys testified of ease of transaction at their platform while trustbank that withdrawal takes 24hrs will be for long term

Bluearrow:
Interest for mmf is withdrawable & added to capital after every 3 months.

Morning, l see that first Ally interest earnings are not added to Capital automatically, when is the interest earnings going to be added to the capital or withdrawable? Thanks

emmasoft:
Personally I don't do equity or balance funds I do MMF and individual stocks.
Normally for any equity fund, it will do well once the stock market is bullish irrespective of the manager.

How many times will they explain before you people get it. Is trustbank regulated by SEC like other fund managers? Is cowrie regulated and insured by the relevant financial bodies in the country?

@Emmas always saying all mutual fund managers are regulated by SEC and other body hence they are safed. My 5cent

suckprick:
I am recently considering transfering some money ( about 80m) from my stanbic to Trustbanc mmf via cowrywise (trustbanc on cowrywise) because stanbic rate has been about 2 - 3% lesser since the beginning of this yr.

Is it advisable holding such huge amount of money in cowrywise in terms of trust level. I need advice abeg koz I dey fear 🙂.

I reside in Nyanya Area of Abuja. Last year December, our landlord took me to the magistrate court that my rent expired since 31st of May 2025 which was a pure lie. I paid my rent from last year which expired 31 st of June last month/this year.

Due to renovation of the court premises, no hearing took place from January to March this year. In April l was notified of the hearing which l attended but the lawyer of the landlord did not attend so the Registry of the court told me to go and wait for the lawyer of the landlord to serve me another notice of hearing. While waiting for the notice of hearing from the landlord's lawyer, l got a call from the court Registry to come to court in May for final judgement that the landlord's lawyer had submitted their final written document, that l have been served notice of hearing but did not come. I thought that he was joking but he wasn't.

On the 8th of May this year, l appeared before the court and the judge asked for my final written defense and l told her that l have never been heard once not to talk of final defense. The judge then said notice of the hearing of 27th April was pasted at my door and the photo was taken. She asked the photo be brought to me to confirm if the background was that of my apartment. I didn't know what to say, l was speechless. I told the judge that, if indeed the notice of the hearing was pasted at my door, then it must have been removed before l returned from work on the day, that l did not see it. The judge became angry that l was lying and that She could had me sent to jail.

She said that the case would be coming up for adoption last month but the court did not sit. Last Friday the Registry called me again that the final Judgement would come up today Monday, l went to the court this morning. The Judge again asked for name which l told her and also told her that l have put together my defense that contained receipts of rent payment all the way to 31st of last month but she refused to hear my defense.

She delivered judgement that l pay the landlord over 600k as he claimed and to vacate the apartment on or before 10th of August that's next month. Is it truly how the legal system works?
Please I need your advice on what to do.

I reside in Nyanya Area of Abuja. Last year December, our landlord took me to the magistrate court that my rent expired since 31st of May 2025 which was a pure lie. I paid my rent from last year which expired 31 st of June last month/this year.

Due to renovation of the court premises, no hearing took place from January to March this year. In April l was notified of the hearing which l attended but the lawyer of the landlord did not attend so the Registry of the court told me to go and wait for the lawyer of the landlord to serve me another notice of hearing. While waiting for the notice of hearing from the landlord's lawyer, l got a call from the court Registry to come to court in May for final judgement that the landlord's lawyer had submitted their final written document, that l have been served notice of hearing but did not come. I thought that he was joking but he wasn't.

On the 8th of May this year, l appeared before the court and the judge asked for my final written defense and l told her that l have never been heard once not to talk of final defense. The judge then said notice of the hearing of 27th April was pasted at my door and the photo was taken. She asked the photo be brought to me to confirm if the background was that of my apartment. I didn't know what to say, l was speechless. I told the judge that, if indeed the notice of the hearing was pasted at my door, then it must have been removed before l returned from work on the day, that l did not see it. The judge became angry that l was lying and that She could had me sent to jail.

She said that the case would be coming up for adoption last month but the court did not sit. Last Friday the Registry called me again that the final Judgement would come up today Monday, l went to the court this morning. The Judge again asked for name which l told her and also told her that l have put together my defense that contained receipts of rent payment all the way to 31st of last month but she refused to hear my defense.

She delivered judgement that l pay the landlord over 600k as he claimed and to vacate the apartment on or before 10th of August that's next month. Is it truly how the legal system works?
Please I need your advice on what to do.

I reside in Nyanya Area of Abuja. Last year December, our landlord took me to the magistrate court that my rent expired since 31st of May 2025 which was a pure lie. I paid my rent from last year which expired 31 st of June last month/this year.

Due to renovation of the court premises, no hearing took place from January to March this year. In April l was notified of the hearing which l attended but the lawyer of the landlord did not attend so the Registry of the court told me to go and wait for the lawyer of the landlord to serve me another notice of hearing. While waiting for the notice of hearing from the landlord's lawyer, l got a call from the court Registry to come to court in May for final judgement that the landlord's lawyer had submitted their final written document, that l have been served notice of hearing but did not come. I thought that he was joking but he wasn't.

On the 8th of May this year, l appeared before the court and the judge asked for my final written defense and l told her that l have never been heard once not to talk of final defense. The judge then said notice of the hearing of 27th April was pasted at my door and the photo was taken. She asked the photo be brought to me to confirm if the background was that of my apartment. I didn't know what to say, l was speechless. I told the judge that, if indeed the notice of the hearing was pasted at my door, then it must have been removed before l returned from work on the day, that l did not see it. The judge became angry that l was lying and that She could had me sent to jail.

She said that the case would be coming up for adoption last month but the court did not sit. Last Friday the Registry called me again that the final Judgement would come up today Monday, l went to the court this morning. The Judge again asked for name which l told her and also told her that l have put together my defense that contained receipts of rent payment all the way to 31st of last month but she refused to hear my defense.

She delivered judgement that l pay the landlord over 600k as he claimed and to vacate the apartment on or before 10th of August that's next month. Is it truly how the legal system works?
Please I need your advice, what can l do to upturn this?

Okay, welcome back but abeg no fall our hand again oo. Person dey gbadu your input here. Just ignore any body that quote you to make trouble. No join issue with anyone again abeg.

Creditalerts:
Attending to issues offline.

Either he changed username and started keeping things on a low key after he was blocked by serious investors for his lack of self-control or has decided not to be commenting for now.

Alaska90:
Please where is Creditalerts ?

Who 'll teach me what and how you go about your business of domain stuff here? I'm interested

This is where @Creditalert is useful with his displays of top performing MMF managers/companies, then he started derailing and some of us blocked reading from him.
But l guess the order of top performing MMF companies will still be
STL, TRUSTBANC and the FIRST ALLY. Not promoting any one ooo. I 'll check the 3 out and make my decision if l were you.

omotola224:
Good morning house
I want to start my mmf journey and I want to go with a good bank to start or any other applicable institution

I don’t mind splitting into two or 3 places
So I am asking my seniors here
Which do you highly recommended
Thank you

@Creditalerts & @Lamblessed8888, if the both of you do not troy, shade, quote or mention each other in a day, will heaven fall. You two are too petty.
'Una dey fall our gender hand big-time' Women are the ones known for pettiness. Na women una be?

I suggested earlier in the year that Equity and it followers should open their own thread, which was done. It beat my imagination that Equity is still causing fight on this thread.

But then, it is in the nature of the black man not to follow established order. We are uncoordinated and we lack decorum. In my next life, l'm definitely not going to be born in Africa much less the killing field called Nigeria.

It's not about low self esteem issue here bro. This group is not only about investment, it's also an educational platform. From the submission of @Emmasoft and others, we can see clearly the benefits of calling figures, which is meant to encourage double minded individual about our common investment(MMF).

But, if you have been paying attention to some comments like " where una dey see this money from" after someone mentioned figure in previous thread, then, you will understand my point. Nigeria is still the poverty headquarter of the world, l learnt we overtook India again recently, l stand to be corrected. Now, we can conclude that mentioning figures has dual purposes/pros and cons. While someone's faith maybe encouraged, others may see it as oppression.

Me, am running my race at my pace and in my lane. Not in any competition with nobody. So low self esteem is out of the question. One love, just trying to make common sense

Bluearrow:
Nothing we won't see on this thread
How can someone be calling number termed intimidation? On a faceless forum? Some persons call these numbers just to portray their point better. If u can see it as intimidation u have self esteem issues gosh!
It should even serve as more of a motivation, it gives u an idea of the kind of funds people have in these platforms, that way u feel relaxed & less fearful regardless of your amount.

We just saw someone saying if his funds is safe in mmf, imagine such a person had 10m & seeing others saying they dumped 100m there, I believe he will be more relaxed. People should be free to express their point however they like, I don't see how this translates to intimidation at all.

Bluearrow:
Nothing we won't see on this thread
How can someone be calling number termed intimidation? On a faceless forum? Some persons call these numbers just to portray their point better. If u can see it as intimidation u have self esteem issues gosh!
It should even serve as more of a motivation, it gives u an idea of the kind of funds people have in these platforms, that way u feel relaxed & less fearful regardless of your amount.

We just saw someone saying if his funds is safe in mmf, imagine such a person had 10m & seeing others saying they dumped 100m there, I believe he will be more relaxed. People should be free to express their point however they like, I don't see how this translates to intimidation at all.

You are right, those calling numbers here are only trying to intimidation others. They are not inspiring anyone.

In the local assembly l worship, the set man of God would say application of wisdom is required even in testifying to the doing of God almighty especially as regards financial breakthrough.

For instance, if by God's help, one secures a multi million contract, one can just leave it at mult million or to say something like, l won a contract in multiple six zeros while testifying to avoid attracting unnecessary attention. The reason is, some people have been followed from church to their house for mentioning some amount in church.

The people calling figures in the realm of millions here are doing so because this is a faceless forum, if it were a physical meeting place, they would have been visited by people that need the money More than they do, for showing off all the time.

AncestralPowers:
Please don't get discouraged investing the little money you have, just because someone is mentioning huge sum he/she had invested or withdrew.

Some of us here are over 50yrs of age, we have worked our entire life, and we also have a huge number of abroadians here, who earn in foreign currencies and invest in Nigeria directly, and many abroadians had been doing that for decades, and you cannot compare yourself with such people.


However, I would advise those of us with millions/billions in investments to avoid calling numbers, so that those of us with peanuts won't get discouraged to invest the little we have...

Investment is a matter of slow and steady process, and time is your biggest advantage.

I refuse to agree with you, number calling is an act of intimidation/showing off.

emmaBS:
Rather, number calling by people with huge investments inspires motivation, not discouragement.

In practical sense, you clearly presented both cases. 19% at quarterly compounding is the best. I'm sticking with trustbanc for now. My interest from January will compound on the 3rd of next month.

Preator:
See below. Its about 43k per million ( per year)

Following, thank for your input to this matter

Stockhunter:
Even 1 percent difference will produce better outcome to that of the monthly compunding. Have you done the calculation. Not to even talk of 4 percent difference. The difference will be huge if you have huge capital. Your monthly compunding will not even see the back.

Meanwhile sometime ago emmasoft said even Stanbic only pays interest monthly but does not compound until quarterly. I stand to be corrected anyway.

Abeg no compare monthly 15 percent compounding with 19percent quarterly compounding. They are not mates. Even 16 percent quarterly compounding will beat 15 percent quarterly compounding by about .90 percent per annum.

Let's look at this analysis together please so one can make inform/better decision.

Stanbic at 15% or so compound monthly.

Trustbanc at 19% or so compound quarterly.

Trustbanc on daily basis is producing more output but this output cannot become part of the capital at month end whereas, Stanbic is producing less output on daily basis, which become part of the capital at month end.

Can we say that the difference of about 4% of daily output of trustbanc offset or cancel out whatever gain compounding of 15% of Stanbic would attract monthly before trustbanc's quarterly compounding?

If you were to choose, which of the above will you go for? Thanks

Haba, you don't have to be insulting to pass your message na

Ernezydbrook:
E be like you be mumu



[color=#006600][/color]

Okay, noted. Thank you

Smartguyboy:
You are forcing yourself on her bro 😎
If you are chatting with someone and they are not interested or responding fine just free the idiot unless you want to knack her by all means .

Don’t try to impress a lady it’s a waste of time and money who like you will like you .

Believe me when l said Creditalerts daily displaying and comparing of interest rates might have contributed to latest cowries decision.
This reminds me of years back when we were into arbitration, buying crypto at a cheap rate at one exchange to sell at a higher price in binance or other platform. Sometimes, when an update is discovered, one quietly milk it for awhile before saying it out. The moment it is at the public domain, the exchanger selling at a lower rate will make adjustments which would result to the update to caste or been casted as we used to say in those days.

Do you honestly think Cowries managers and other fund managers are not on this very thread?

suckprick:
Does this make any sense to you? An individual on nairaland broadcasting rate is influencing the decision of a company controlling billions of naira investment? What is the essence of displaying different MMF in the first place if not for freedom of choice. Abi I go see 19% go put money for 15%? Cowrywise know wetin dem dey do. They will invest in trustbanc themselves @19% and pay us 16% which is a bad thing to do.

So stop blaming an individual helping people with best MMF choice here abeg.