₦airaland Forum

handsomebolanle:
Guys... Please I need a quick advice and I will appreciate your contributions..

My mother invested in mutual benefit 2013 (I guess most of us around my family weren't enlighten by then)...
In summary she was to pay 5k per month... She was only able to to 10months out of 60months... She tried terminating it but they said it wasn't adviceable..
Fowrad to today... We went last week and we were told that we will be sent a voucher of our payment...

On seeing the voucher now.. What we had is 37k.. Please what kind of investment is this??.. Any help or advice... ..

Better collect whatever they give you and run.
Insurance companies are all thieves in Nigeria.

pxjosh:
Mhenn this thread is low-key one of the best threads I've followed on Nairaland.

The last T-Bills I bought will mature in a few days. Do I have to go to the bank to request that my account be credited, or it's a purely automatic process?

Purely automatic unless you tick roll over at the inception of the investment.

Odufaikhimalo:
i bought a 6 month tbills of 200,000 with first bank on the 7th of November. i requested for roll over after investment period (this is my first time of requesting for roll over). i was credited with 307.26 naira on the 15th. i felt i should have received more than what i was credited with. I would really appreciate clarifications. Thanks.

Your interest was reinvented to the last #1000.00 Naira.

condomuser:
I don't think your suggestion is right. No bank in Nigeria will give you 2 percent interest for depositing Euros with them.

True talk.
It's usually less than one percent.

What's the fastest way to fund your Stanbic mmf account and let it reflect on your account immediately.
Thanks.

naijaobi:
All of una wey run from stanbic go still return..

Why do you say so?

silentone:
What kind of account can I open in stanbic bank to operate TBills. My prospective account officer is asking me to open a business account but am not convinced.

All you need is a savings account.

She needs psychiatric help.

Mfunkynation:
good afternoon, my fellow partner in crime.( Tbills hunterz). i need an information. is it possible to submit my tb bid tomorrow before 9am against Wednesday PMA via FBN.. kindly help. thanks

Unless you know someone who can risk his/her job for you.

strategist007:
Do you all really leave your funds for a whole year??

Sure.
Why not?

Acidosis:
I get your points bro, and I perfectly understand how consumer perception influence purchase decisions. However the key word here is perception. Perception is not necessarily an established fact, that's the summary of my point.

By the way, investment is not all about searching for a risk-free platform. FG TBills only appears as the safest because it involves a whole government. If your government however fails to remit funds as promised, please don't expect Zenith bank or GTB to pay you back because of "integrity" or "image". No real banker or investment banker anywhere in the world would lure you with the " zero-risk" factor because no investment is totally risk-free. I'm sure you also know that beyond the FG Tbills, States also offer TBills. By simply relying on your conventional bank, you would never really know much about these options.

That being said, all I'm asking is that we should open our minds a little bit so that people with useful info won't keep it to themselves out of fear of being castigated.

A poster mentioned investment one here and the phantom rates he got, but I'm sure some of us simply looked, ignored and termed it as "scam". However, a little personal research would have revealed to us that investment one was (and is still is) a subsidiary of GTBank.

That it is not known by all doesn't mean it is not reliable. You don't expect them to queue in marketplaces opening accounts for clients (apologies to GTB & FCMB), because many of these investment banks in Lagos Island are not interested in 10k, 50k kind of investments.

I am not sure investment one is subsidiary of GTB.

It was when I went to Nairobi, Kenya that I realized that we are enjoying in Lagos.

Nice.

Heartbender:
Get a lawyer

I don't think you need a lawyer.
It's supposed to be a very simple thing, like sending as not email to PENCOM. However, I've not heard of anyone who has succeeded in changing his /her PFA.

Good day everyone.
Please how do you go about changing your pension funds administrator (PFA)?
I need to know the experience of those who have actually succeeded in changing their PFA.
Thanks

Samuelojonla123:
Please everyone I just downloaded the I invest app and am about to invest #500,000 on it but I don't know if it is safe. Please I. Need your advice guys

This is my personal experience.
I've used the app since May. They actually compound your money and pay you your interest at maturity. It is fully backed by Sterling bank.
If you fund your account and indicate your ID number you can invest that same day but if you forgot to include your ID number then send them an email and it will be resolved within 48hours. You can actually buy TB from them on public holidays and weekends.
The only draw backs I have noticed so far is that if you terminate your investment before maturity you will lose 30% of the accrued interest and you need a minimum of 30 days after an investment to be able to terminate it.
I've keep quiet since because I felt the owners of the app were not doing enough advert for the app but they are doing so now on nairametrics.

Hmmmmm.!

umulobi:
Has any one received interest from yesterday's TB especially from FBN?

FBN 364 days bid was lost.
They just refunded my account.

Rizin:
Please confirm that the interest are not paid upfront. So they told me

That's true.
You get your interest at maturity.

Nnamz:
The App looks promising. Although I always feel safer doing things offline. I know Stanbic owns the App but I still feel safer doing tbs with a bank I belong to, as opposed to an app which do not need to have a bank account with

I'm using the app. It's OK but I think the publicity is not good enough and I don't want to be doing that job for them.
They are in collaboration with sterling bank.

Hmmmmm.

Happy birthday Seun.

eromosele1986:
I will like to ask the house if it's possible to opt out of Tbill, when the maturity date has not elapsed .

Yes it is possible to do so.
You may however forfeit part of your profit.

Hmmmmm?

ernie4life:
House check out this commercial paper offer of 13% yeild net for 91days from Nigerian breweries, ends next week Tuesday.

Contact me if interested

I'm interested.
How do I contact you?

Do you think their rates are okay as compared to other banks?

It's like a secondary market auction, you see the rates and duration before you decide what you want.

Barrytone:
Do I need to have account with them before I can use I-invest.

Nope.
But you will need to send a copy of your ID card and PHCN bill to comply with KYC mandate.

You cannot terminate prematurely and cash out until after 30 days, and with a loss of 30% of your profit.

madakiagwom:
Please who has used the I.Invest apps by sterling bank for t-bills?

I'm currently using it.

Fxmanager should be banned.
Let him go and open his own thread and stop spamming our thread.

How do I get one? I'm in Benin.

Does the scanner scan all model if cars and what is the least car production year it can scan ( i.e some scanner can't scan cars made before the year 2000).