₦airaland Forum

Grupo:
Please, how do I invest with VGIF? I'm not in Lagos.

Very simple:
click the link on my signature and complete the online form. your account details will be sent to your registered email and you are good to go.
All you need to provide is your kyc documents ( passport, id card, utility bill not older than three months and your signature) you will upload them at the last page of the form. you can also call or chat 08181057319
you can operate the account anywhere you are in the world.

NB: you don't need cash to open an account.

silvoice:
@All the great minds here doing wonderful contribution it is disheartening that First Bank of Nigeria plc don,'t pay me any interest in my savings account. as I have just confirmed today.
Because of the low interest in Tbill, I just idled my fund in my savings account. for more than 4months now the balance always remain the same.
other Banks like GTBANK and Unionbank pays theirs religiously.
First Bank why? even when I don't do any withdrawal on the account.
I decided to confirm my suspicions this August by not doing anything on that account even checking of balance, but only deposits more money
As at this morning my balance remain the same.
anyone who know how I can chat them up directly online, should pls let me know as those their staff at the branches will just ignore me as I have tried to complain about it sometime ago without any result

Go to the branch and request you see the manager. Insist even if they are trying not to allow you see him/her.
But be sure with the new policy from CBN, it could be worse as per interest.
Hence we have cried aloud here. Invest in VGIF at 7.5% you will be happier.

EchoLima262:
What's the Qualification Date please?

15TH SEPT, 2020

RavagedHeart:
In the attempt to wake from my simping slumber, I want to join the league of investors.

Gurus in the house, which investment can I start with 100k with high ROI.

@RavagedHeart thank God you are waking up according to you.
The first thing is to determine your investment objective ie what you intend to achieve because investment is a means to an end. The reason for investment should not just be because others are investing. You will also do well to gather some investment knowledge that in itself is a form of investment.
With the capital you have, mutual funds will be good and stocks better if you can take risk; gradually you will build wealth if consistent
N.B: The bolded is a relative term when considering forms of investment in relation to risk.

tolajay:
Thanks for this.

To be sure, the filled form will be submitted at the bank and not the registrar?

Cos my old-man has over 5 stock portfolios spread across different registrars.

The completed forms can be submitted either at the bank or to the registrar whichever is convenient; it will be treated that is what SEC stated as the campaign to reduce unclaimed dividend continues.

jamace:
Whenever I look at PRESCO and OKOMU, I use to have hope that one day FtnCocoa will be like them. .....I have a dream.

Wishful thinking

smitten99:
I have this one i meant like a SEC or NSE email to copy so that they take it serious and address asap

Thanks again

That may not really change anything. You can just do a reminder. But are you sure your mandate is transmitted? even if it's transmitted your outstanding dividend payment is not immediate. For most registrars the earliest is ten working days ie two weeks. I will suggest you continue trying their line after the reminder mail.

smitten99:
Please what email can i copy to get the registrars to pay my dividend

I want to send them a mail as they are not picking up their phones

GTL registrars to be specific

I have submitted my e-Dividend forms at by Bank and they have transmitted it

Thanks in advance

Enquiries: customercare@gtlregistrars.com

Escalations: complaints@gtlregistrars.com

AngelicBeing:
I also read online that it takes 4 to 6months to obtain it in lagos via a high court and you also pay between 5 to 15 percent of the value of the estate to the state government where the letter of administration was issued, nawao ,l hope what I read online is correct though, I will allow a lawyer to follow it up for me since I am currently not resident in Nigeria

Yes there is a percentage to give to the government but I can't say exactly the rate. For the duration it takes, it may be more than what you stated.
Sincerely most people that have had the experience their comment is it's not easy is always the case but it's possible and doable.

ojesymsym:
Yes boss, very true. What I was hearing for the first time was the conversion to estate account. Perhaps you can help throw more lights on that.

Yes that is the name it's called. The account that is opened or operated on behalf of a late person. It's to show that the person operating it is not the original owner of the investment. Opening and operating an estate account is just as simple as opening a personal account with the bank or a stockbroking firm. once a letter of administration is obtained, the rest is simple and straight forward.
However, obtaining a letter of administration is not as easy and simple as it's being mentioned but it's achievable.

ojesymsym:
Folks, with regards to shares from our forebears who are no longer alive, this is the response I got from CSCS on the subject matter.

Thanks for sharing. This has confirmed all we have said. Anything that has to do with our loved ones who are late as regard claiming their holdings in any company starts from the WILL they left behind or letter of administration

RayRay06677:
MBBOV Multipurpose Nigeria Limited.

Any body knows the above name investment house and how legit are they. Thanks

Find out at http://sec.gov.ng/cmos/

[quote author=Emmydude post=93144307]@EmmaSoft, Please, my dad said he owns shares with Fidelity bank but I can't find his name on the SEC site, what do I do? He seems to have misplaced his certificate. Thank you for all your investment advice.[/quote

Let him go to First Registrars at 2, Abebe Village road Iganmu, if you are in Lagos or go to any main breach of first bank in any major city in Nigeria it will be sorted.
Two things: if he has outstanding dividends it will be credited after completion of the e- mandate form. secondly he will be given a dematerialization form which you are required to see a strockbroking firm with for onward deposit into his cscs account.
If he's yet to have a cscs account, Investment one can do that. Just click on the link on my signature to register for free. You can as well call or chat my number is available on my signature.

shyfulanigirl:
Hello good people,

Information overload on shares status, thanks a bunch.

Let me catch up on my abandoned Intercontinental and Firstbank Shares..

help out on this thread great minds.

Thanks.

https://www.nairaland.com/5980645/sharia-compliant-investments

Contact united securities for intercontinental turned Access and First registrars for first bank. The current status of your holdings in any company is best varified at the registrar's office

FlashDboy:
Good morning gurus in the house. Thank you for sharing the shares link.

Please I need help on this; I bought some shares with Gtbank and the then Allstates bank . For each purchase I did not receive any certificate and I did not push to get them. Though I made attempts to get them but other things took my time. I searched the link but my name is not found.

What could be the problem?

Also, how do i go about reclaiming the shares?

Thanks.

As Oga Emma said that is a possibility and so don't expect any dividend. However, if you bought the shares yourself and you are sure, then visit Datamax Registrars for GTBank shares, Ecobank bought over Allstates bank so go to GTL Registrars for that. In each of the case, go along with an acceptable ID card. At the office of the registrars you will get the true status of your holdings if any.

If you have holdings with the coys you stated then each registrar will give you a dematerialization form ( process of converting holdings in physical certificate into electronic form and deposited into a cscs account) so that the shares can be deposited electronically into your cscs. that means you will need to open a cscs account and a stockbroking house will process the form with the registrars.

When you have confirmed your status and it's positive, click the link on my signature to open a cscs account with investment one. It's free.

RayRay06677:
You people are doing great, keep it up. is it possible I open the VGIF account at the banks branch as I find it difficult online

Sorry about that. I guess it could be network wahala. You cannot do that at the bank at the moment.
Alternatively, I have PM you so that I can have your email and Send a form that can be completed offline to you. If possible call/chat me on 08181057319 I will also assist.
Thank you for choosing Investment One.

Manwarrior55:
@emmasoft say for instance for someone that’s active, if he buys some shares in 2018 and goes to submit the e-dividend mandate in 2020, will the registrar automatically pay up the the outstanding dividend or does he still have to go through the procedures for unpaid dividends?

Of course it will be credited. Once you submit your completed mandated form to the registrar or bank Whether it was 12 years ago or last year. Any dividend that has not been collected by the shareholder on the stipulated payment date by the company that declared it, it's regarded as unclaimed dividend and so it must be claimed by the SEC approved way ie fill, submit and be credited.

just2endowed:
Pls are there any charges when one take the form to banks? And is it just any bank that one banked with?

According to SEC as at the time the drive for collection of unclaimed dividend started few years back it was free and I'm not sure if the free period is over or not. Otherwise there is no charges whether taken to bank or registrars

Yes you take the form to any of the bank you have account with. The only bank not acceptable is microfinance. All clearing bank and whether savings or current account is acceptable.

aliadi2:
Hello emmasoft, thanks for the great work that you are doing here. I ask you some few weeks ago about the best investment among tbills and fixed deposit and you suggested VGIF by investment one, please how can i go about it and hope it is safe considering what i want to use it for. Also i check the sec link that you posted and i saw my dad name there, i want to ask that is he going to take the form to his bank or just any bank

Yes VGIF is safe.
To register, click the link on my signature better still call or chat me 08181057319
For your dad let him complete the e dividend form and take to the bank he has account with.

ojesymsym:
Oh okay.
Most I have dealt with have always accepted my scanned copy. Entering the bank nowadays is a day's activity, so I am for anything to avoid it.

That is good. SEC is really handling these registrars. Their shakara dey too much before now.

ojesymsym:
Ema, I think you are wrong here. I am not sure that step of going to get signature confirmation from the bank is still a required step.
For those who the owners of such shares are still alive, they only need to find out who the registrar of that particular share is (Google will help here), download the e-mandate form, fill it, scan and send to the email of the registrar gotten from their site.

No my brother we are saying the same thing. dividend mandate can be submitted at the bank or to the registrar that is what is obtainable right now. More so some registrars don't honour the scanned copy especially if first time. They prefer it coming from the bank or you going to them. I suggested the bank in case if it's difficult getting through to the registrar the bank becomes the best option. Going to the bank is not for the document to be signed but to be submitted. The bank then upload it to the common portal where the registrar have access. same thing if it's the other way round

AngelicBeing:
Does this your last paragraph also applies to Alumaco of Nigeria plc? Is the company still active or delisted from the NSE? Thanks

Alumaco was delisted since May 2016. I am not sure if it was a case of buy out because a company can be delisted but not buy out. I don't think Alumaco was a case of buy out it was just delisted most likely because of regulatory issues. in that case he gets any outstanding dividend. However, if it was a buy out, he will get the money as well.

Emmydude:
What are the names of the companies he had shares in?

Hello Oga Emma,
I saw my dad's name too. He has unclaimed dividends with GTB, Dangote Flour Mills and FBN, pls how do I proceed? He's still alive.

On behalf of oga Emma; Here is what to do:
Download the respective e-mandates from this link
https://sec.gov.ng/public-notice-the-e-dividend-mandate-activation-forms-of-various-registrars-are-now-available-for-download/

Your dad takes them to his bank and submit. All things being equal ie no signature issues, the dividends not older than 12 years will be credited to his account. If otherwise the respective registrars will advice on the way forward.

N.B: For DFM your dad is getting a pay off not only dividend because Olam already bought the coy over and it has been delisted from the NSE

Ibrahim505:
I also have 1250 units of Dangote flour bought during their IPO. I never collected any dividend from it. I lost the certificate 7 years ago.

For Dangote Flour contact EDC registrars for your cash equivalent of your holdings at the rate of N24/share which is the price Olam paid to buy out the existing shareholders of DFM

EDC Registrars Limited

23, Olusoji Idowu Street

Ilupeju, Lagos State

Phone No. (01)4538672, 08052927925, 08032216496

Emails: [info@edcregistrars.com & oakinrefon@edcregistrars.com]

hotdealz:
Please house,

I bought Oceanic bank share as far back 2007 they merged with Ecobank and I got dividend slip sent to my address by Ecobank. I have two of such dividend slip still with me. That's 2011 and 2012.

I just abandoned the whole thing since I bought it. I didn't even do anything with the dividend slip.

My question is, where do I go from here?

Contact GTL Registrars 274 Murtala Muhammed Way,Yaba. Lagos

Telephone: 0700-CALLGRDS (0700 225 5473), +234-(0)1-01-2793160-2

Enquiries: customercare@gtlregistrars.com

Escalations: complaints@gtlregistrars.com

Go along with the dividend warrants and acceptable ID card- Drivers licence, Int'l passport, NIN Slip or permanent voters card.
You will be sorted out.

Udyawanga:
Pls d gurus on investment one (vgif), I was opening a new account with investment one, but in the bank details, they were requesting for my BVN. Is it d procedure or am not following original link. Pls I need an answer

@Udyawanga Yes it's a requirement for opening investment account in Nigeria it's one of the SEC rules and regulations.
For your information the purpose of the BVN is to
1. guide against money laundering
2. to personalize your account so that funds moving out of your account anytime is going to the right and mandated account;
in this regard, any mandate given for funds withdrawal that doesn't tally with the saved BVN can never be released. The system will raise an error
So it's actually part of your funds protection.

It will interest you to know that there is a level of acceptable SEC allowed view of clients details as per BVN; that you supplied your BVN does not mean Investment one has access to your bank account in anyway. By normal acceptable regulatory rules, all information you filled on the form online is direct to the server. As much as possible human interface is reduced to the barest minimum as regards clients information. That also means no one can make a change to all those details of yours except you give a written mandate for such to be done.
So sir be rest assure all information provided is treated with the almost confidentiality required of an investment firm as Investment one.
By the way I hope you used my link o to help my ministry

NL1960:
I got it immediately. Checked my mail an hour ago and discovered that the account has been created. That was fast. I have also created a login profile from the website as i intend to do my monitoring from the login profile.

Oh good to hear that. You can always do the monitoring as you wish. Clients have the option of using the app, the web or both to monitor their investments.
Anytime you make a transfer your customer number must be written on the description or narration even if there is no space for your name for easy tracing. However, if you omit that anytime, kindly send evidence of transfer to customer care or chat with them online from the website so that they can do the needful. I am also available anytime.
Also preferably use normal bank transfer from your internet banking or bank app when making deposit and if done before 12 noon it will have same day value and interest and this option also don't have any charges attached apart from the normal bank charges. The card option will carry charges from the third party like interswitch but it's also okay if you don't mind.

NL1960:
The link is working as i used it to open a VGIF yesterday. Just chilling now waiting for my account number as my TB will mature next week.

Thank you Sir for choosing Investment One. I hope you got the usual acknowledgement mail after form submission.

Ibrahim505:
It seem you made some changes regarding interest with ziing app. Let the new changes reflects in the help button of the zplan. I downloaded the app 5days ago as it remain same.

Your feedback is well appreciated and rate adjustment will be updated.

Phylife:
@emmasoft

Couldn't submit my online filled form an account opening.

Two possibilities

1. It could be network issues from your internet provider at d moment you are trying to submit
2. Your kyc documents may be too large.

Solutions
1. You can try again at a suitable time
2. Reduce your kyc documents before uploading
3. You can also reach out to me on 08181057319
I can help out on the reduction process or if you think there are other possible cause of the issue.

Be assured the link is working and you will be able to submit just as others are doing.
We value your patronage

STNWAUME:
What do expect when the chief monkey hunter has gone into hiding. UACN now #5:65k

In any form of investment no matter the analysis, predictions etc given by professional or laymen; whether TA or FA there is always a place for due diligence by the investor. In the investment arena, the final decision to invest or not to invest depends solely on the investor not the financial adviser or the analyst. All investors must always take responsibility for all investment decisions taken. Let's be well guided.

SlahJoe:
Good day veterans in the house, please any person that has experience with veritas registrar should help a newbie like me, I send my e-dividend mandate form and this is the reply I got "Dear Valued Shareholder,Thank you for your mail.
We acknowledge receipt of your mail. Please be informed that you are required to submit this for through your bank, for onward processing to us" does this mean they don't accept e-dividend mandate through email again

Depending on the registrars some don't accept especially if it's a new mandate, if it's update it can go. For some they request specifically for investors to send by mail.
The best option most cases is through your bank if you didn't visit the registrars office.