₦airaland Forum

haibe:
Hi guys.

So stanbic has rectified my issue. I have received the value . In their mail to me, it read: Please be informed that this has been rectified and you have been given value as at 09 January 2018. The transaction date is 06 February, 2018 but the value was as at 09 January 2018. does this mean all my interests from 9 Jan is included? If yes, is there an estimate of what this interest would amount to? The principal is 450,000.

I am asking because i cant see any interest in the fund.

Thanks

Check again from 1am or by tomorrow morning.. The value is credited by 12am everyday.. All the best sir

It is too complex.... He is the VP representing a certain power block.. The overall interst of the entire stakeholders is essential to whatever decision the VP might want to take...

The moment i read Obasanjo's epistle i knew the powers that be have turned their back against PMB... Everyone including the Buharist know electing pmb back in 2019 will be a great mistake.. Truth is it is better for pmb to save the country from total collapse by refusing to run in 2019... But if he decides to still run i am sure they will serve him the GEJ 2015 menu...

grosy:
plswhat is redemption form

Redemption form is what you fill to redeem your funds i.e what you use to cash out your money.. But like someone said you can read from page 1 of the thread to really learn more from the experience of others... Trust me it worth the stress..

biggie....

shocking..

biggie.....

grosy:
Pls which one is account to proceed n account funding on stanbic mobile app. Pls help me and how do o get my money i invested wit them after one year n my interest which account it is entry becoos I used ecobank pls enlightened me am new

To make things easy you can open a stanbic acct or better still fill in ecobank acct number when completing the redemption form.

yak:
tried it now but it's telling me I can invest maximus of 20k

Then go ahead with 20k and then top up after you get the log in details...

MrHighSea:
@bayo, I'm facing similar challenge.
I can't invedt above 20k via the app

Then go ahead and open it with 20k then when they send you log in details you can then top up via the app by investing more...

MrHighSea:
even if one had no account with stanbic ibtc bank?

Yes... All you need is your bvn...

Adayoung:
After topping up via the stanbic mmf online platform, how long does it take for it to reflect in ur mmf acc. tnx

Hope the fund is reflecting now?

Please professionals in the house with very good knowledge about stanbicibtc mmf kindly help explain" realized interest " i noticed apart from the normal everyday interest credit top up by mmf on my account i have recieved credit from "realized interest" also.. Just want to know what it is all about. Thank you

Adayoung:
After topping up via the stanbic mmf online platform, how long does it take for it to reflect in ur mmf acc. tnx

Latest Within 24hours it will reflect.. If you top up before 12pm you should see the funds by evening.. But within 24hours it should reflect ....

Inca:
Hello,
Did you attach a copy of the transaction in the correspondence with the beneficiary bank?
What's the narration you used to define the transaction, did you reference your name....?
I can suggest someone if i get clarifications on these.
Thank you.

Email for cbn complaint is cpd@cbn.gov.ng it works.. Just be detailed with your complaint.. All the best sir.. Dont forget to copy stanbicibtc and gtb too.

haibe:
Hi guys.

Can anyone help me with emails of any influential person in GTB and Stanbic? I still haven't gotten my money, i visited both banks physically today and they are still not saying anything different. I need help pls. Kindly PM me if u have these emails

I will help you search through my old diary for the cbn email address.. All you need do is send a mail to the address with details about the transactions , then copy GTB and stanbic.. It worked for me sometime ago.. The cbn guys took over the complaint and help resolved it within 48hrs....

coolangel54:

So for your 5k thats how much you make... Guess it is still better than leaving it in a savings account...
WOW! N850 for one year? It is really small chai! Thank you for the mathematics, my head nearly fell off before you gave the explanations with real figures. THANKS AND GOD BLESS. N5000 is however small sha. Lemme increase it to to N20,000 and will continue increasing it.

Lollll...... Sorry about the mathematics you will soon become a consultant too.. All the best with the savings..its all about cultivating the habit of savings and earning something for the savings.. best wishes ma..

freeman67:
www.stanbicibtcfundsmanagement.com

Thank you sir.

freeman67:
You are not totally wrong sometime last year it was even more but now it is dropping. You can easily seethe rate easily when you check through your Internet access not mobile app... Yea it offers better return than just keeping it in savings

Thank you sir.. Please kindly post the link for the online access ..

Nice...

freeman67:
@dadebayo1 The interest rate for SIAML MMF is no longer upto 17% it's now between 15 & 16%..

@coolangel54 If I were in you I will not concentrate on what I will gain for now...I will rather use it as a form of savings instead of putting the money in savings account .. If you are consistent in topping whatever amount you can afford (not below 5k) with time you will see your savings grow before you start considering it as an investment option.

Oh ok sir.. I felt it is 17%... I also consider it as an alternative to keeping my funds in a savings account.. Just a way to save and get more from the savings...

coolangel54:

What is thw name of the mobile app called? Secondly, if I should start up MMF with N5000 or N10,000, how much will be my interest or dividend quaterly, daily and year? I hope to increase it in the near future. I am just a small salary earner hoping to increase my finances by investing. Thank you!!

You can download the app from google playstore it is called stanbicibtc mobile app #appyness once you download the app install it and follow the instructions under the "open an account" option.. Then you select mutual fund and follow the instructions... A simple way i calculate is amount to invest divided by 100 then answer multiplied by 17% (which is current interest rate) then you divide the answer by 12 to give you monthly interest and further divide by 30days to give you daily interest... for example

#5000\100 = 50
Then 50 x17% (interest) = #850 yearly
Then #850 /12months = #70.83k monthly
Then #70.83k monthly /30days in a month = #2.36 dsily

So for your 5k thats how much you make... Guess it is still better than leaving it in a savings account...

You can start small and continue to add more funds to your investment as you wish.. All the best ma

haibe:
Thank u bro, i will call on Monday. I will also visit their lagos office on Monday if possible. Thanks a lot.

Isn't it ironic that i have incurred several costs on calls, and now transport that is way beyond the interests i was trying to derive from the investment. Talk abt making losses!!

I dont call with my credit oo... I am a customer and each time i call them after introduction i simply ask the rep to call me back and then i drop the call after the rep takes down my details ot works for me everytime.... Bank pays for the calls... Another method i use is to use the online chat then i simply request for a call back... They will always call back... .

haibe:
Thats SIAML number right? I still spoke with them today, they claimed they didnt get the fund. GtB claims the fund left my account. Later on they said the problem might be with interswitch. Now i have no other number to call, i definitely do not have any business with interswitch.

Sorry about that sir.. Yes it is SIAML number but you can also call Mr Emeka 0803******** during work hours between 8am to 4pm monday through friday .. He would tell you the true state of things.. All the best sir

johnime:
We are recruiting to fill the position below:

Job Title: Chief Accountant

Location: Kano
Project: Transforming Irrigation Management in Nigeria (TRIMING) project

Job Description
ACDI/VOCA is seeking experienced and talented professionals for the Chief Accountant position. The position will be based in Kano.
This is an administrative & technical position.
The position will be responsible for day-to-day management of project accounting/finance functions.
She/he will also be responsible for training 4 Farm Management Centers (FMCs) in basic accounting & finance practices pertaining to FMCs.
For the project, this position maintains accounting systems, standards, records and enforces policies, procedures, and internal controls.
Coordinates with bookkeeper in a sub office in Abuja to ensure that sub office financial/accounting matters are executed efficiently.
Maintains internal controls over receipts, disbursements, & management of all financial resources.
Responsibilities
Maintains the financial records of the field office including day-to-day field office operating expenditures, financial and accounting transactions, and bank accounts:
Ensures correct and timely payments to vendors, landlords and service providers.
Maintains banking relationship, including preparing bank deposits & correspondence.
Prepares monthly reconciliations of bank account.
Prepares vouchers and checks/wire transfers for payments. Ensures all supporting documentation and journal entries are accurate.
Ensure payments are allowable, allocable and compliant with local govt., donor and ACDI/VOCA regulations.
Ensures ledgers are accurate and compliant with applicable cost principles.
Prepares statutory monthly/annual tax return reports for local tax authorities
Processes/prepares employees’ travel advances & ensures advances are liquidated.
Reconcile all balance sheet accounts on a monthly basis.
Makes per diem payments to trainees, training/workshop participants and facilitators.
Follows VAT guidelines and requirements regarding payment of VAT in country. Prepares regular VAT claims for submission to the donor & assist in preparing tax return reports
Prepares regular and ad hoc financial documents and reports as requested:
Prepares/submits field office financial reports, supporting documentation, field cash reconciliations, and monthly cash projections/advance requests
Reviews contract and grant budgets and related financial reports and documentation.
Assists in preparing financial budgets, tracking sheets, & other financial documents.
Prepares financial information for the Quarterly and Annual reports as required.
Ensures the proper accounting and internal controls are maintained:
Maintains systems & procedures to accomplish internal auditing tasks & ensure financial files are audit ready. Creates & maintains audit ready, well-organized filing system
Maintain internal controls of receipts, disbursements, & mgmt. of financial resources.
Ensures that accounting documents such as official receipts, local purchase order are secure.
Keeps confidential all financial and sensitive information.
Ensures effective filing of accounting documents to facilitate access and retrieval.
Maintains accurate financial records in manual and electronic accounting ledgers
Ensures submission and processing of finance-related implementation documentation.
Participates in regular Finance staff meetings, conferences, workshops as assigned.
Travels to participate in audits and budget modifications as required.
Verify the office petty cash fund and the monthly report.
Performs other duties and undertakes other projects as may be assigned
Execute budget tracking and financial planning of office resources
Set up finance and accounting (F&A) systems for the Farm Management Centers that will provide a range of services to the farmers. The centers are yet to be created:
Set up appropriate finance and accounting systems for the FMCs
Participate in the section of the FMCs’ accounting and finance staff training
Train FMC staff and management in F&A matters as pertaining to running an FMC.
Periodically audit finance and accounting functions of the FMCs
Minimum Qualifications
Bachelor's Degree in Accounting from an accredited institution. ACCA, ICSA, CIMA, CPA or other recognized professional qualification.
Minimum five years of progressive experience in financial management with a minimum of two years in an international non-governmental organization. Experience with donor project procedures, policies and compliance requirements a plus.
An equivalent combination of education and experience.
Knowledge, Skills, and Abilities:
Knowledge of either US accounting standards (GAAP), International Accounting Standards (IAS), or International Financial Reporting Standards (IFRS).
Knowledge of USG regulations (22 CFR part 226; 2 CFR part 200; Sub grant mgmt.) a plus.
Proven knowledge of applicable local tax laws. Ability to interpret governmental regulations.
Advanced working knowledge in Excel; with a proficiency in Word, QuickBooks.
Demonstrated understanding of accounting and spreadsheet software
Good analytical skills & ability to gather/analyze info recommend appropriate actions.
Ability to communicate and coordinate with others on varied and occasionally complex issues.
Good writing skills to effectively develop, compile, and present information.
Ability to define problems, collect and analyze data, establish facts and draw valid conclusions
Can work effectively in atmosphere of multiple tasks, shifting priorities, & deadline pressure.
Fluency in English, written and oral and ability to travel as required.
Application Closing Date
7th February, 2018.

How to Apply
Interested and qualified candidates should submit their Resume to: nigeriatriming@joinav.org Please include the position title in the subject line.

Note
The resume and related application documents shall be provided as a single attachment and list long-term employment history and any relevant short-term consulting work.
Due to the high volume of applications we are not able to respond to inquiries via phone.
Only those candidates considered for an interview will be contacted.
ACDI/VOCA is an equal opportunity employer. Women, minorities and people from diverse groups are encouraged to apply. EOE.

Bros mii

haibe:
I will advise you to avoid the bolded. That is exactly what i did abt 3 weeks ago and till today my money is hanging where i dont know. They keep on pushing the blame to interswitch.

Sorry about that sir. Guess there was a downtime or probably a network issue.. You can call ‭070068882538637‬ . they will definitely respond positively to your request. All the best sir.

bolarinnwa:
Hello Wonderful People,

Based on referrals on here, i think stanbic ibtc does it for me. i just have a little question.

can i fill the form online and do all the registration online without going into the bank? i actually saw the form online filled it but nowhere to submit the filled form. is there an email i have to mail it to? please provide me with it. also an i do all documentation now and pay the funds into the account next week? Gurus in the house help a newbie like me with the necessary registration details.

Download the stanbic mobile app and then open the account via the app.. Just follow the instructions and it will direct you to the page where you will pay via your debit card. They will then send you log in details within 48hours after you register then you can transact as you wish. Just that there is a limit of about 250k voa the app.. You will need to register in the bank by updating your details if you wish to transact above the limit..

Ezeanna:
Good morning investors

I am new to this mutual fund investments but would very much like to invest.
I am interested in FBN and Stanbic MMF for now.
Pls, how do I register/ invest?
Do I walk into any first bank or stanbic bank branch; would I be attended to there?
Thank you as you respond.

For stanbic you can open an mmf account via the mobile app.. Save yourself the stress of going to the bank. You can do it all via the mobile app.. All the best

Thanks to everyone.. Stanbic mmf is quite easy.. I just received my log in details and i noticed my money is growing too. Customer service is excellent... And i am happy watching my money grow.

Investnow2017:
Aside rates, there are many other things one must look at before plunging. I am not saying its dangerous to go Chapel, I am only advising you on the rudiments of financial investing. Welcome

Thanks to everyone... I actually took out time to read all post from page one to the last page.. I just tried out my luck with stanbic mmf.. I opened an account using my mobile app filled the form and paid via quickteller.. Just a small investment to learn how the system works.. Waiting for them to send me log in details.. They said 48hours so i am counting down already.. Wish myself goodluck..
Thanks to everyone

The joint session of the Oyo State Executive Councils of the Nigerian Labour Congress, Trade Union Congress and the Joint Negotiation Council said workers in the state would begin three-day warning strike from Wednesday, in solidarity with their colleagues at the six tertiary institutions belonging to the state.

Workers at The Polytechnic, Ibadan; Emmanuel Alayande College of Education, Oyo; Oyo State College of Agriculture and Technology, Igboora; The Ibarapa Polytechnic, Eruwa; The Oke-Ogun Polytechnic, Saki; and College of Education, Lanlate have been on strike over non-payment of their salary arrears and reduction of government subvention to the schools to 25 per cent.

Chairman of the state chapter of NLC, Waheed Olojede, who spoke after the meeting of the unions’ executives in Ibadan, said the strike was also called to protest the sacking of 256 workers at Ladoke Akintola University of Technology Teaching Hospital, Ogbomoso, and other issues affecting health sector as presented by the Joint Health Sector Union.

Link

https://punchng.com/oyo-workers-to-begin-three-day-strike-wednesday/