₦airaland Forum

simplebb:
This is serious.
I’m yet to be paid till now also

Please can you provide the number I can call them on also.

FBN quest has paid since 2nd of January


What’s happening with Stanbic please ? @emmasoft

This is the number I called 0 1 2 8 0 5 5 9 5, it's a landline and it's like MTN customer service where sometimes you will call and wait while they play you their commercial till it's picked. You can use it if you wish but I am not sure any serious explanation will come out of it. Just start keeping records ooo

freeman67:
My reinvestment instructions has been from day one and all through 2023 it was reinvest without me asking. It means I will have to contact their customer service then.

Thank you.

Good afternoon House, if you are using Stanbic IBTC Asset Management be sure to regularly keep your records and Statements of account, please. I log in to my app almost every day and I see what happens there always. I checked daily throughout the holiday period because I wanted to add to my subscription but I did not generate and keep the statements.

I discovered my that the interest on my MMF account was debited in on 31 December 2023 but not credited to my account or reinvested. I sent them a mail in that regard but they did not reply so I had to call them.

They picked my call and couldn't tell me anything tangible than it was they credited me twice and this had to debit me. When I informed her that same happened in my other MMF account, she said it happened to all their MMF account. I instead mine was not correct from my observation and she asked for the proof/evidence that I don't have.


Also, last week made a deposit that was to be credited to my MMF account last week, the money was credited to my GIF account instead. That was their mistake not mine. Instead of them to just say sorry and rectify the problem, the kept lying and insisting that I made the payment to GIF collection account that was they credited it there. However, the transaction receipt is with me. On the receipt, my MMF account number is clearly stated in the Narration space and I rightly sent the money to MMF collection account. Mistakes are normal but why would you lie and insist on something you are not sure about instead of just rectifying the mistake.

I used to enjoy their services but now, I don't understand what is happening with them now again. This year, I will be downloading my statement at least monthly to avoid all these stories.

https://www.nairaland.com/7961151/total-war-against-name-checkers

I am happy to inform the house on the above. Henceforth, whoever intentionally or unintentionally do in because it's already in their blood will be banned.

I appreciate Seun for this. It will at least preserve the sanity of the thread.

JEmma1:
Has everyone used Optimus app by afrinves, I’m just download it but yet to be approved

I once downloaded it before now but wasn't using before the phone was stolen. So last December they called and was asking when I will start using it. I told them it's this year. So maybe I will consider it later.

emmasoft:
No mind GTCO Asset Mgt. They think say banking and asset mgt na the same. Instead of them to keep good hands and strategies from IONE them they do over sabi see where it landed them.

For Stanbic, I think the instruction to reinvest has not been effected because reinvestment of interest was done on 31/12/2023 for investors who already have reinvestment of interest running. The delay in bank credit is mostly likely between the custodian bank and the registrar since your in-house account has already been deducted.

My reinvestment instructions has been from day one and all through 2023 it was reinvest without me asking. It means I will have to contact their customer service then.

Thank you.

GTCO Assets Management no be am na... They worst part is that they are not even willing to improve. Customer feedback for them is just something to be trashed.


Na wa for Stanbic ooo. They deducted my December Interest/Profit From my MMF since 3 days ago and up till now, it's not be added/reinvested as I instructed or even paid to my account if they override the instruction.

Died protecting Critical National Assets. A National Hero in deed, he deserved to be honoured. May his soul rest in peace. May God grant his family, friends the NSCDC the strength to bear his loss. Amen

OFunke24:
I feel so tired of being a first daughter. It feels my life is full of running errands and doing things for everyone but myself. I feel like a servant. I don't know who I am or my what I want to do in life. Im at home all day doing nothing but serving others. I feel so sad and tired of it whenever I remember I will still have to do it all again tomorrow not knowing when this will all end.

I see my siblings moving forward in life and I only have a Highschool certificate. My father didnt train me in school and frustrated all my mother's attempts to further my education. Yet all my siblings were put in school. I don't even have the time or mental space to run a business.

I want to leave and be on my own. I want to be able to hear myself. I want to wake up in the morning not thinking of what others will eat or errands that need to be ran. I don't want to think of lunch or dinner or worry about anyone else but myself. I don't even want to hear my name because it is always followed by one request or the other.

This holiday season I kept on thinking about how much I didn't want any family or guests to come visit because it would only mean more work for me. I would be the one living in the kitchen running around like a maid. It makes me feel so ashamed and less than. When people at home remember my running around they then start with the praises "Oh what would we do without you?", "Our second mother." "So hard working, what a strong girl." I don't want any of those praises. They make me feel worse because I don't do any of this by choice. I don't care for compliments for something I have no option but to do. Would any of them still say good things about me if I decided I was tired of living like this, of being at their beck and call? I want to be left alone. Because of these feelings I don't have any desire to have children. The thought of living like this again taking care of children makes me sad and I feel tired at the thought. I feel drained physically, emotionally and mentally. Sometimes I wonder if this is how it feels for all children and if I am just not cut out for this.

In Nigerian settings, it's a normal thing. This happens always especially if your siblings are still little but as they grow older, you should be taking a rest from some errand duties and delegating them. It's not as if it will end anyway. The responsibilities like looking out for everyone and even sponsoring some stuff in situations where parents are incapable and have the means will still be there but the errand stuff should and in some instances even be eliminated totally.

That said, what doesn't seem to be normal is your dad not making any attempts to send you to school and trying to twart all your mum's effort. If you have the guts, that's what you should discuss with him and your mum. It doesn't seem right. That shouldn't be the case except if he is suspecting your mum about something that has to do with you. So try and discuss that with both of them to at least get some facts before taking your final decision.

kolour:
Hi,

Has anyone noticed stamp duty charge upon credit to your stockbroking account?

Yes ooo. It has been like that with Morgan since like last year I think.

Blinkingbae:
Someone used my referral link on stanbic mutual fund to register but am not seeing it as part of my referral list. What could be the issue?

Na their way be ooo. That referral link na for decoration.

emmasoft:
Sometimes it's system glitch. It will still reflect if the link was used, you will noticed that your points would have increased.

Nooo. Stanbic IBTC Asset Management Limited is fund of that. Except for you guys that are working with them directly. I remember opening an account opening an account for a relation and putting my referral code in 2022. Credited the account with 1M and it became operational. Up till now, after 1 year it has not reflect even after sending them several reminders.

officialJP:
i wanted to go into wears business but the economy is not favourable

It's good to go for what you can and know how to do but in order of priority, food comes before cloths. So, you are likely to get more patronage from selling food items than clothing except if the area you choose is saturated with same kinds of business or your prices are excessive.

You should have had a clear picture/plan of where you were heading before selling the land. What you did is akin to putting the cart before the horse.

That said, the land is already sold so no need to sulk again. Pick yourself today and do something. Shyness helps nobody just toughen up and commence the food business If you have the knowhow. If you don't, just keep the money and try to get a little knowledge of it or another biz you may wish to do before you commence.

Dum20:
Who is the you guys?

Show me one anywhere I caused trouble in this thread or on Nairaland.

I cannot imagine I am having a conversation with someone that defends and ethnic bigot.

Talk to me directly and don't say you guys.

It seems you not know the implications of what you are defending.

You do not even know the part of the country I come from you are already displaying your bigotry.

How can you be defending some one that displays so much hatred for their fellow human beings/

What a shame

The you guys are: Dums, Tranquility2345, Ositadinma1, Nice2023, Acidosis.

I actually cannot imagine having a conversation with some that can only call out bad if it's done by other people but can not call out if it's done by their kinsmen. Bad is bad. I will continue to repeat that for this particular bout, he was called out by Tranquility2345. Instead of you guys to tell him to shun him and let's protect this current peace we have here. You kept quiet and when he attacked back some of you start calling the MOD telling me I supporting a bigot.

If part of those you support are not bigots too, why didn't you call only him out when you made the post below?

Dum20:
Shame on all of you that decided to turn an investment thread to a thread for tribal bigotry, If there is any shame in any of you self.

It is easy to destroy than to build.

This is a thread created to help Nigerians on how to make their money work for them, some idiots have left their asylum to turn it to a place of tribal bigotry.

There is a saying that, if a mad man slaps you, you should not slap back, because if you start fighting a mad man, no one will know the difference between you and the mad man.

Bunch of idiots and fools you all are for turning this place to a place of tribal bigotry and nonsense.

Your mind dey tell you say be some form of Rambo or Commando wey I no go fit talk to directly abi. You are joker.

You will want to label everyone trying to intervene as a supporter of Ahib because everyone should queue behind you guys even when wrong. I chose neither to keep quiet or queue this time.

No amount of name call, will keep me quiet. If you don't like the situation, next time, tell your kinsman to let the sleeping dog lie.

Dum20:
Oga someone comes to a thread for investments discussions, he spews hatred for his fellow human beings, his fellow country men. He shows his deep seated hatred for a group of people just because of the language they speak and you come out to defend him and say, that he was provoked.

Very shameful. I do not think i have seen you condemb his actions.

For christs sake, how can you be justifying the actions of the guy?

If I insult you, insult me back, you do not go and spew hate for your fellow human beings that do not even know you exist.

The shameful aspect should be for you and all others that will gather on this thread to look for trouble and later start forming victim. That's something to be ashamed about.

Earlier when all these started, I have berated him and even reported many of those posts here to the MODS without even informing the house that I was going to do it because they were derailing. If the MODs could, they'll testify. However, I discovered that most times you guy would team up and call him. I have highlighted where he called him out but you could choose to be selective. So, I am not justifying anything.

It's just that you guys wouldn't let sleeping dog lie and at the same time can stomach what he will spill out at the end.

Yes, it's a platform where we can disagree to agree but why will you insult me in the first place. You of all people should know that "A mouth doesn't go to another month and comes back empty handed". Thus, when you decide to give, you should be expecting to receive in return.

Oyeleye101:
Anyone with guidelines on how to change my sukuk rental payment receiving account details to another account number?

This one na had work ooo. You can just mail the bank/financial house you used for it and maybe CSCS too about it.

Educationalserv:
please do you have the calendar taught it has ended for the year

This was his first of this episode of the Saga. A reply to my message Just asking for treasury Bill calender.

Tranquility2345:
Ahib, you don come again. See werey wey dey disguise

Above was your response.

Tranquility2345:
Who is this meant for

Who fired anything at the hopeless man? If you are referring to me, show me where I or anybody insulted him. Is it wrong to point out that it is the useless tribalist coming back to derail the thread? See your mouth like salvo. Yamayama fall on your bald head there for saying wetin you no know

Of course I was referring to you. Wetin your own mouth come be like, Pig?

Small thing, you will call him out. Once he comes out you will start crying like a baby looking the MOD that will ban him for you. If you are brave enough why not stand for yourself? Why calling the MOD. If it's to talk anyhow to people that don't want problems, you are number 1. Come and face your mate na, no.. you will start crying and calling MODS.

Akerewe:
Good day house, the 2038 fgn bond I opted for from Stanbic did not fly, any hope of sukuk bond this year ending?

Some of this Fintech app are offering mouth watering % like 18-20%.

Which of these Fintech app is a sure bet to invest in?

So far, SUKUK has been auctioned once yearly since it's inception in Nigeria in 2017. The auction for 2023 was in Oct 2023. So, I don't think there would be any auction this year again.

I seldom use Fintech except Opay. I have not done tried investing there but from feelers, their interests is not extra ordinarily great.

You will fire the first salvo and once the heat is on, you won't be able to take it and start forming victim.

You will insult anyone that tries to caution you against and start calling the MOD. I think it's 2 of you that should be banned.

Oracabessa:
Here na electrician or cable connector workshop?
Me I don’t understand this website again!
Okay if at all you are given suggestions, you may likely not be able to fix it yourself, why not call someone capable instead?

Here is not an electrician or cable connector workshop but knowledgeable/experienced people here can give heads up that will save you some costs.

AmazingELixir:
Why does he look like Sadio Mane..

It's because of the hairstyle.

Tohmey:
Clear me, 12% will be divided into 2 i.e 6% for the 182days is that what they mean by that?

Yes, because that rate is per annum which is 364/365 days.

Christianoir:
I’ve been writing exam since i haven’t gotten any carryover…Just had one today God [u] I feel disgusted and ashamed.. since I started writing exams since Monday all my grade have been A throughout
It cbt exam once you finish writing you will see your score

I wrote and score 40/100 which is F (carryover)
The course wasn’t that hard..I read it, it was time
60 questions to answer 20min too small.

I don’t know what to do….this is my first
This is my first carryover course since
It breaking me down

I don’t even have to zeal to read for next course again

Breaking you down for what na?

Are you in your in Medicine or final year second semester?. If yes, you will either change department or spill which is not the end of life. However, if your situation is none of the above, just buckle up next semester and avoid any subsequent one. That's all.

Ibrahim505:
I contacted Morgan today about my Sukuk subscription: It was not successful-form wrongly filled. They now sent me ongoing FGN saving bond form to fill.
They should had refund my money back to my cscs account since.

This is very bad of them. They should have contacted you earlier.

If you are interested in the Savings Bond, you can continue. However, if you are not, you can just pull your funds from them immediately and invest elsewhere.

FG Bond is auction is next week Monday. If you act fast enough you will be able to partake in it if interested. Just contact any of the banks listed on the form for further information.

Educationalserv:
please do you have the calendar taught it has ended for the year

I don't have the calender. The previous calender ended with the last auction. I found out from my bank that there will be an auction this week. Apparently there is a new calendar not yet released.

drealj:
Morning, will auction take place this week

Yes, there is an auction this week. If you intend to invest it, just do it now. Anything later than now the week is gone.

Labadi69:
These are all high risk CPs. Very high risk!!!

Yes, it's risky. That's why investors need to do his/her due diligence and as necessary questions where need be. That said, there are know brands with very high ratings that would not want to default in their obligations because it will affect their brand image. It's okay to go for.

Also, investment generally is a risk. That's why you get return on it. It's just to choose the one you can chest.

shizzy7:
Hello what's the process of investing in a commercial paper? I Already opened a stanbic investment account but I'm not getting info on cp just their mmf and interest is 11%.
OR
Which is the best bank or investment house for treasury bills and at what rate will it be?

You will not see CP's that way. You will only be contacted if you indicate interest

If you want to invest in CP's you just contact Greenwich Merchant Bank Limited (bolaji.adeoti@greenwhichbankgroup.com) is a good guy who can put you through, FBNQUEST Merchant Bank, Coronation Merchant Bank, United Capital, Afrinvest e.t.c. There are some I dint mention here. Just contact them and you be getting details when available.

Some presently ongoing are:


1. MIXTA REAL ESTATE is handled by Coronation, United Capital, FBNQUEST and ARM etc.

2. SKLD is handled by Coronation and Afrinvest.

3. JOHNVENTS INDUSTRIES LIMITED is handled by handled by Greenwich, Coronation, Cordros, Unity Capital, AVA etc.


4. MERCURE INDUSTRIES PLC is handled by: Cordros, Greenwich, United Capital, FSDH and Cardinal Stone.


Once you contact them, they will send you reports and ratings of which ever company's CP you decide to invest. Please, you are to do you own due diligence before investing.

I think it's about 18 years or so..

Chikebrain:
Does FBNQUEST offer CP

Yes FBNQUEST Merchant Bank do help issuers to arrange CP's for intending investors. It doesn't seem common because you will have to at least indicated interest once or in a way have subscribed to their newsletter with your email add or phone number for you to be getting the information from them. If not, ordinarily you won't get the info except from other sources like Nairaland and co.

enque:
I do CPs with Meristem and they clearly state all deductions in the proof of investment letter.

That's good, Afrinvest also does that but they will bill you from all angles possible, they will charge you for the transaction even after the issuer have settled them. Then tell you that the investment is sublet to them because they are stockbrokers and not merchant bank so they have to bill to get their own.

Thus, I prefer merchant banks like FBNQUEST, Coronation and the likes. Coronation usually don't do any other deductions apart from the principal because they are most times either the lead arranger or one of the arrangers and the cost is borne by the issuer from their end. However, on this tax thing, they do not stipulate it on the proof, and when you ask they'll refer you to their mail/advert where it's stated that ' Applicable taxes shall apply except where otherwise exempt'. How I want take the follow up on exempt and none exempted again?

Infact there have been an instance that they have to come me to send them my TIN just when it was close to maturity. That is the only thing I don't fancy about them.

[/quote]te author=emmasoft post=127219471]

The same applies for CP.

Check this article on nairametrics Commercial papers in Nigeria in 2023: 6 key things to note[/quote]Thanks, I've seen it.

RayRay06677:
Post link if possible[/b]

https://nairametrics.com/2023/11/11/commercial-papers-in-nigeria-in-2023-6-key-things-to-note/

emmasoft:
Actually, it was a holiday of 10 years of no WHT on returns from T-bills since 2012 and it ended last year that is the reason the 10% WHT is back

Wow..!! Thanks so much for the info at least I now know why.

The holiday, was it for TB alone or it included CP because I am being tax for CPs too. The most annoying part is that they will not include it in proof of investment. I actually wanted to write CP up therebbut carried away with what I was doing?