₦airaland Forum

oluwaleokey:
Gurus in the house please i need guidance regarding my insurance policy issue, i know this might not be the right thread however its still boils down to investment.

Five years ago, I subscribed to the Flex Edu Insurance Policy with First Bank Insurance for my daughter’s education, which was due to mature this year. Along the way, the policy management was moved to Sanlam Nigeria (a partner company, as I was informed). Despite the transition, everything seemed smooth until recently.

A few weeks before the maturity date, I contacted the company to confirm that all was in order. They responded promptly, acknowledged the upcoming maturity, and provided me with a statement of account. (Also note I had exchange several mails before and they responded swiftly)

Five days before maturity, I was forwarded a form & asked to complete a payment voucher for the full benefit. However, it has now been several weeks since maturity, and I am yet to receive any payment. To make matters worse, I even noticed an over-debit on my account, which I raised with the company, but my emails have since gone unanswered. I have sent multiple follow-ups to every contact I have, including those I previously engaged with, but there has been no response.

Currently, I can no longer access my account online, which raises even more concern. After diligently saving monthly for five years for my daughter’s education, I feel deeply frustrated and disappointed by this experience.

I kindly seek your advice on how best to call out these people?
How I can recover my funds after years of committed savings.

Is First Bank Insurance is still directly involved in this matter? and What formal steps I can take to escalate this issue if Sanlam Nigeria continues to be unresponsive

This situation feels unfair and distressing, and I would appreciate any support, guidance, or escalation channels you can provide to help resolve it.

I will appreciate every single help I could get on here
Thanks

The organization is on Facebook.

Just go on Facebook to drag them the way Agberos collect tax from transporters.

Just tell them Emilokon,that it is your daughter's turn to collect the insurance policy.

If the organization is not corperating with you,then you have to involve NAICOM.

crownprince2017:
Before you buy access, understand the short term risk, if they failed to pay atleast 1 as interim dividend it's likely going back to sub 20 and it's likely.

Its a 50:50 thing.

Don't mind that educo guy ooooo..
He has 45 years to wait in access, if you don't have the same, waka jeje oooooo.

Access Holdings na you dey call 50:50?

crownprince2017:
My guy no vex I just like to talk am the way it's.

I have strong convictions that access wouldn't pay 1 as interim, mind you, I can be wrong.

On loco soldier, even though he is my guy here, I never buy based on his calls before.

Even at that, I will be better off following loco calls than yours because of track records of both of you.

Access Holdings is a permanent member of my dividend portfolio.

I wish your success in being a foot soldier of Loco.!

emmanuelewumi:
I sold half of my Access shares to buy GTCO

Access Holdings,UBA and Zenith Bank will remain permanent stocks in my dividend portfolio except if any omit payment of dividend for just a single year.

These 3 companies are my 'invincible real estate'.

crownprince2017:
Before you buy access, understand the short term risk, if they failed to pay atleast 1 as interim dividend it's likely going back to sub 20 and it's likely.

Its a 50:50 thing.

Don't mind that educo guy ooooo..
He has 45 years to wait in access, if you don't have the same, waka jeje oooooo.

Why do you always reason like a crown servant?

This is one of Locotrader's foot soldiers.The mini bear has rendered their gang jobless.

Before you buy any shares of any company,always ask yourself this important question.

Would I have bought this company if it were only possible to sell only after 20 years?

Don't forget an intelligent real estate investor will never build his/her property in a location where good rent is not guaranteed.

Muzil:
Good morning everyone.
I discovered today that the trading of stocks feature have been added to the Cowrywise app.
I'd appreciate anyone that can help me with the stocks I can buy as a newbie. I'm not after excessive profit as I just want a way for my little savings to appreciate rather than just sitting idly in my account.

NB: I am a young guy currently undergoing apprenticeship so I'm not really buoyant. Let's just say I have about 20k for a start.

I'll really appreciate all help I can receive.

Just buy Access Holdings Plc. Any time you get free money always top up Access Holdings Plc.

You will gain dividend and capital appreciation in due time .

Locotrader is feeling this way after reading about what has befallen Japaulwood!

Where is Locotrader the kalokalo investor?

Where are his foot soldiers? They have all gone into oblivion.

I bought some Zenith Bank shares in my trading portfolio yesterday at 67 Naira and I sold this morning at 70 Naira.

I made about 1.5 percent after buy and sell commission!

A little drop of water make a mighty ocean.

Where are Locotrader and his foot soldiers?

When are you taking Japaulwood to 7 Naira?

ElectronicMoney:
I need advise on how best to approach this problem.

In June 2007 I made a deposit of N100K to a stockbroking firm for the purchase of shares of Wema Bank.

After the shares were purchased they gave me my CSCS number and the CHN and I had no further contact with the stockbroking firm; this was partly because the market was not doing so well and the price of shares had crashed.

In 2015 or thereabouts I went to the office of the stockbroking firm and learnt that they had moved to another address.

Now early this month when I heard that shares had started going up in price I searched for the company online and was able to get their new address and their phone numbers.

I put a call to them and asked for a copy of my CSCS statement which was sent to me.

When I examined it I was shocked to see that the number of Wema Bank shares was just 1,700 approximately when in actual fact it should be above 20,000.

Let me state categorically that I have never given instruction to sell either verbally or in writing!

Even if there was capital reconstruction by Wema Bank between 2007 and 2025 there is no way shares of N100K which were purchased in 2007 would have reduced to just 1,700.

I need advise on how best to approach this matter because I am very sure that something does not add up.

How much was the purchase price per unit in 2007?

Below is the shares reconstruction news:

I have 3 stocks in my dividend portfolio:

(1) Zenith Bank

(2) UBA

(3) ACCESSCORP

The difference is clear!

Streetinvestor2:
Which bank stock they fall because I am not seeing it in gtbank, uba and zenith oh.This are the only bank stock I send.
For access once I see 30 I will sell the remaining afolabi units. I will rather use the money go buy oando

I'm even praying for it to fall more so that I can top up my dividend portfolio.

Agbalowomeri:
All stocks go collect though

Just ignore that ozour!

I am praying for banking stocks to fall in prices so that I can accumulate more.

ogoo4real:
Does anyone have an idea why banking stocks are falling drastically

More sellers than buyers!

Don't forget increase or decrease in price cannot erase the intrinsic value of a stock.

pluto09:
I have observed that insiders are selling down their holdings in recent time. Any explanation for that.

This is not a good omen.

jonnysessy:
Amen. This will really look good in my portfolio

You have to work towards it

Streetinvestor2:
It is a faceless forum and does not belong to anyone. Nobody has the right to decide what anyone wish to post as long is stock business.
Who on earth gave u the power or right to decide it.
Last time I checked it is only the owner of this forum and his team can decide what stays or not.
If u are not comfortable u can go create ur own forum or still stick to the watsup group u belong.
When they tell steady lies it starts to look like the truth.. All the audio billionaire and gang na noise which was decode like 3 yrs now.Nothing gum for una side.If una get shishi u no go dey here dey hustle 247.I am full igbo man and can not fall maga.
Una fit dey run the film tricks for others. I started investing in this business since 2001 so u have absolutely nothing to show me even in portfolio size.
Make una dey counter people post with superior facts simple.
You all saw oga Emma post and una pr...k all shrank back.Nobody cough.

For God sake what makes u think is ur post that is the right one I want to see or read.
If u don't want to see it block the person. I personally blocked all audio billionaires and his gang of amen members.

My Oga, don't mind them.

Dem go tire to the report our monikers. Na ba.d belle dem be.

As e dey pain dem na so e go dey sweet us.

Dem be awon dindirin.

May God bless them with 10 million units of ACCESSCORP.

Bargain investors take note of Dangote Cement.

I know with time the truck accident challenges will be fixed.

Dangote Cement is an excellent company.

I will never cower to the distractions and aspersions of my distractors!

Ellah lekos is a future pipe dream!

Don't be distracted by price appreciation. Increase in price is not always proportional to intrinsic value.

jonnysessy:
The defender of the newbie.

This made me remember Votron Defender of the Universe ( A cartoon in the early 90's).

Thank you!

May the God of your heart bless you with 1 million units of GTCO shares!

@ndept,this is what you wrote about my humble self!

You're what the Yorubas call dindirin!

DeRuggedProff:
Brethren, let us remember that wisdom dwelleth not in many words alone, but in the quietness of silence and in the patience of waiting. For it is written, The prudent shall keep silence in that time; for it is an evil time. Beloved, consider that every man investeth with his own silver, and not with thine. Therefore let each man choose his season to buy, and the portion he desireth, and the manner thereof; for surely, if there be a loss, it shall not be taken from thy lot.

Shalom.

So,you lack wisdom because you are fond of using many words.

May the good God bless you with 10 million units of Zenith Bank shares!

Locotrader:
@EDUECO
Loco was here before you came.
Loco will also be here to see your exit.
If Loco can be here to yab mouth with you
It's a let down to Loco.

One thing is sure.He who fights with a lion should be ready to bear the pains of the marks.

Be ready for a strong battle if you are for real.

Note: All our stock picks are 100% assured and can never be bankrupt as you assume.

Go and check my post first post in the stock market forum.

Oga first comer I greet you!

Streetinvestor2:
Good one for thr audio billionaire and gang who warehouse junks and come here to create liquidity. The business must be stopped here by all men of good conscience.
U will definitely be getting personally attack. Like they say,corruption always fights back

Thank you very much.

I'm ready for them.

Agbalowomeri:
@EDUECO abeg be calming down o
There is no one cap fit all. All strategies are valid and each has its own season

I as an old newbie I am doing this for the new newbies as a precautionary contribution to their financial future.

Toluway:
Walahi ...we have to beg this guy to have mercy and rest this matter 😁

It took me more than 15 years before I could sell 1 of the insurance stocks I bought 2008.

The other insurance company was delisted and I have lost the invested funds.

Though I am still a newbie but I have got some experience.

jckgroup1:
But this is plain falsehood or at best half truth, take for instance Champion called at circa 3... Is currently at 18.51
Where is the dump? Uptrend long after Loco's exit

I will never relent in uprooting the culture of monkey hunting.