₦airaland Forum

jojofola:
Access Bank should be ranked number one in this madness!!

But do we even blame them?
Our Government is our main oppressor.
Collect loans from International bodies and share.
Task Banks and other agencies to tax citizens.
VAT, PAT, TAT, RAT.
Every means to keep living large in the midst of a terrible recession.

Abeg!!!

In fact I made deposits to my own account with Access Bank by myself and access charged me for stamp duty when it is clearly stated in the finance act that it should not be so. I having been complaining on this for about a month and they are forming deaf. I am still giving them time. In the next 1 week I will close that account. Money is kept in the bank to be safe but access has a way of pilfering customer's money from their accounts.

bastien:
thank you for responding sire... I would love to get or even register the mutual fund on their app, I have the app on my phone but my mutual account can't be login, doesn't have online access.


I don't know if I will be able to have online login access since the mutual fund account was for me and my dad, he bought it and link it to me while I also invested some money during 2014 when I was in 100l now I wanna redeemed my fund cause its not even growing, my dad had redeemed his years ago, this people will delay me and when I try to know what's going on, I will get a feed up of irregularities in signature. Tired of it.


Do you think it's possible for me to get online login access? Thanks boss

It seems what you have is a sort of joint investment account. I do not know how this works but I believe since you are able to place redemption request, you should also be able to have online access too. Try and contact them again to let them know you need online access I am sure you will find a solution.

bastien:
Hello house, please in finding it difficult to redeem my mutual fund with stanbic, everytime I fill for redrawal they reply me with, my signature is not correct, this is something I signed 2014, don't I have right to be shown the signature used, since they have my passport and bvn,.

I have not heard of anyone doing offline redemption without issues from them. I don't know why but offline withdrawal seem to be very stressful with stanbic asset management. I have tried it twice, one was to move the money to another of their mutual fund so it worked fine. However, the other time which was to redeem my money to my account did not work. About the 4th day after I physically submitted the form in their Assets Management Office I called to inquire why I didn't get the money. It was then they started telling me that my signature is not correct/ irregular but thank God I have their app functioning. So I used it.

It is easier through their mobile app and web portal. I know that sometimes, what you intend withdraw may be more than what you can get through their web/app but if it is not more then try to use it instead. It is easier. Around 2:30 pm yesterday I redeemed some money expecting to see it today since it was already past 12 but I got the alert before 6:00pm that yesterday.

If you do not have their mobile please get it, set up the answer to your security question and redemption will be easier for you. In the meantime, keeping calling and mailing them. There will solve it.

Systrom:
Hey guys, my big uncle wanna invest about 21M in Stanbic MMF and he doesn’t plan on touching the Money till about December (6 months time) when he is going to need it.


How much interest would he have accrued by then

Also, what is the interest rate

Can someone also tell me what is the risk involved, because he doesn’t plan on touching or withdrawing the money till about December.

Finally, is 21 million too much to invest in Mutual funds? Please advise

The interest rate for stanbic and all MMF is usually not stated/agree and no fixed before the Investment. It is however determined daily. So nobody can give your uncle any accurate interest as it usually fluctuates.

Mutual funds are in different categories and So are the risks involved. The Money Market Funds (MMF) has the lowest risk of all. Your capital is guaranteed, so also is your interest earned.

I do not think it is too much. Since the money seem to be for an intended project.

ojesymsym:
Please, today is the SUKUK fund day, when should we start expecting news?

Settlement date as stated in the placement details is on the 9th of June 2020. That is when you should start expecting any news.

deleson:
Hello,

Just checking if had a closure on this issue.

Also, I'd like to know (from you or anyone else with experience) if Eurobond payout are made in Dollar or Naira.

Thanks.

Yes, that's why they require you to have a dorm account. The proceeds from it is usually credited to your USD account.

ositadima1:
Pls, can I still get this bond tomorrow that is d closing date? Any ideas?

Sorry my reply is coming late. Have been away from my phone since morning because I have been busy and also because the phone was giving me headache. Thank God you got an instant reply from emmasoft. Today is the last day of subscription as advertised. I believe you acted with the reply he gave you.

It will not stop Abuja drivers from increasing transport fare even when they do not adhere to NCDC guide for social distance e.g They will still carry in the back seat and charge twice the former price.

ojesymsym:
Apart from the three options available on lotus capital to complete the payment, can one go to the bank to do a transfer?

There are lots of options there. They gave about 7 banks you can transfer, about 12 placement agents you can contact for enquiries on means of payment and 3 Financial Advisers' to the Sukuk 3.

Yes you can go to the bank and transfer of you do not do mobile/web transfer or if the amount you wish to transfer is more than what you can do on the internet.

Jemerson:
Check for any updates or download the rom manually and flash.

You can even backup your files and factory reset

Ok, thanks.

freeman67:
Good morning all, my phone (Xiaomi redmi note 4x) is frustrating me. The screen has been going blank since yesterday. While using it will go blank I will touch the fingerprint it will come on again then go blank before I type a word. I am yet to get a replacement for it. I intend to get note 9s as replacement but not immediately.

What could be wrong please and how do I go about it please?

Some1 should please help me out. today hasn't been funny. I have answer calls I will ordinarily ignore today because the screen went blank while ringing.

Good morning all, my phone (Xiaomi redmi note 4x) is frustrating me. The screen has been going blank since yesterday. While using it will go blank I will touch the fingerprint it will come on again then go blank before I type a word. I am yet to get a replacement for it. I intend to get note 9s as replacement but not immediately.

What could be wrong please and how do I go about it please?

sagio09:
The bank I'm working with is among the receiving institutions pls.

Even if you intend to market for your bank, all that is required is to lay it bare here and people will ask questions to verify the authenticity. Once convinced you will get patronage.

oludy:
Thanks, i have been doing that oooo. I hope they come through sha. To clarify, it was a paper redemption and they said it is normally processed within 5 business days. I guess the public holidays this week contributed to the delay as well. But it has never taken this long since i have been with them. I will send another mail now. Monday is my last day to have a chance.

Hmmm try and call them first thing Monday morning to monitor the progress of your request. Just pray they don't start telling you your signature is irregular and all that. Like unite4real stated above you would have started early online redemption daily instead. Though it is still dependent on the amount you want to redeem. If you have in mind to be redeeming funds more than their daily limit of 1M, just increase it on your web portal.

Nero4306:
I got this mail from Lotus Financial service limited
" Thank you for subscribing to the 3rd FGN Sukuk Issuance. You are almost done!

Your application however is INCOMPLETE until you pay for your subscription.

Kindly click on the PAY NOW button to complete your application."

Hope am on track? I just hope my bank increase my transfer limit by monday so i meet up with deadline...

You may not need your bank to increase your transfer limit if you are in Nigeria and in an area where you can go into a branch of your bank bank for transaction. Transfer done from within the banking hall has no limit.

Dfavouredone:
I don suffer on top question I'm trying to reason. Me, looking for who to scam?

To be honest eh, I'm a very humble person and I don't like showing myself because of how far God has brought me. But you that is taking about scam people, I'm not sure you earn as much as I used to do give away just this month, is that the person someone will scam.

If you fail to report eh, shame on you.

I am not in competition with anybody. It may be true that I may not even earn what your servants earn. That does not disturb me in anyway.

What disturbs me is why a very rich man like you will want to lure other people to a corner where you can trickishly obtain from them under pretence of introducing Investment to them.

Nero4306:
I was told by one of the agent of lotus that am chatting with on whatsapp that the amount not allotted will be refunded back to your account

That's true.

Mills55:
Bro please how will I know if my bid in this FGN SUKUK is successful?

The settlement date is on 9th of June, 2020. I think it is after then you will know if you are successful or not.

Dfavouredone:
Dear Fellow Investor,

At this time of low rate, one is looking for an alternative investment with a good rate and this is what I found.

Returns Market Investment Nigeria Limited (RC: 1621572), they promised 10% ROI monthly for 300k minimum investment.

Their claim is too good to be true, so I brought it here for fellow investors to help look into it to see if this will not turn to another MMM.

Below is their site to use check them out, let evaluate them to see if this is a big breakthrough to be happy about or a bubble that will soon burst to run from.

https://returnsinvestmentnigerialimited.com/

https://www.facebook.com/Returnsinvestmentnigerialimited/

Another thing is, I message them online that this their claim of 10% ROI monthly is too good to be true and that how secure is the capital and I hope this will not be like MMM where people lost their capital after some time. And this is was their response, "There is 100% security of every capital invested with us we are registered firm and also regulated by Security Exchange Commission SEC".

Is this their response enough security and guarantee for our hard earn capital?
Fellow investors lets discuss this opportunity and see the pros and cons.

Stop spamming Investment threads looking for who to scam. Do not let me report you for a ban ooo. You posted this same thing on treasury thread and you were told to how to verify a genuine Investment. You still came here still to lure people there.

Oga Emmanuelewunmi has tried in answering you sef. I can assure you that you will not get any traffic to that thread. You will also not see anyone foolish here to dupe.

Akerewe:
Thanks a lot phyde for your undiluted support, I later mail them and I was told that both are genuine both they belongs to different entity within stanbic holdings. While my own belongs to stanbic stockbroker your own belongs to stanbic capital market.
Please how do you guys move huge funds through stanbic internet banking as I think the minimum per day is 1million. How can someone increase the daily limit?
Please how much is the stanbic stockbroker charges on a million for this ongoing sukuk bond?

Stanbic IBTC internet/web transfer can be increased to maximum of N5 Million. This can be done in the banking hall. To do that you will have to sign an indemnity form with a witness before they can activate it for you.

Akerewe:
thanks for your swift response phyde but this is the account number that was sent to me from stanbic bank *

Account Number -0035763997
Account Name- SISL/FGN SOVEREIGN SUKUK OFFER 2020
Bank Name- Stanbic IBTC Bank Plc*


Please
Great investors in the house, kindly help me verify which one is genuine between the two and why there is different in what I received from what phyde sent.
Thanks in anticipation

The account posted by Phyde is what is on the official (answers to frequently asked questions) pdf package of FGN Sovereign Sukuk 3. So I will take that to be the authentic one. For further confirmation, you can try to very the details through your Mobile App.


MODIFIED:

The account posted by Phyde is the one from FGN where you can invest direct on your while the other accout from Stanbic IBTC is that of StanbicIBTCStockbrokers Limited where you can send the money to if you want to invest through them.

XiaoLi:
You mean 1M$? Is it a $ denominated investment, what is the interest rate

1 Million Naira not Dollar. The detail is in the link below. I wonder why he didn't post here himself as usual.

https://nairametrics.com/2020/05/28/mtn-nigeria-begins-n100-billion-commercial-paper-issuance-today/

Not clear on the channel to use in getting it sha.

RabbiDoracle:
You can't create panic and cause a market crash. Not possible.

Remember stcool, Chibuking81 when they were making analysis that market will fall, did it fall?

So don't stifle who wants to post his thought the same way lots of people do here and in lots of mobile fora.

Warren Buffett sold his stakes in many companies, did it prevent the stock from rising.

Your view must not always align with others' view. Learn to live and let others live.

As for selling your Unilever, it means you don't even know why you bought the stock in the first place.

Some of their statements sometimes hurt some of us that are still trying to get it together in this stock bussiness. ChibuKing81 I have always known to be an alarmist and won't give his opinions some thoughts when make a serious decision. However, for Stcool I considered his thought and sold off my tasere 20,000 units of UBA @ N5.30 and Zenith @ N13.70 so that I can load more when the market comes down.

I did that because I do not want to be caught napping the second time. I had to average all the little shares I have in my portfolio because I did not heed the sell call earlier.

There were my decisions and I take full responsibility for them. However, I will advice the newbies to take their call with a pinch of salt.

Phyde:
Thanks boss, I have done redemption before and got credited within 2 hours. I will chill till wednesday.

Yes, even less than an hour if it is done on a working day and before 12. However, it will only call for concern if not treated after 3 working days. I believe your first request is already registered and will be treated on Wednesday.

unite4real:
Personally never done any weekend or public holiday redemption before.

A quick question please.

If phyde redeemed 1M on first day of holiday and another 1M on second day of holiday, will he get both treated by next work day and have 2M credited to his account in 1M per time?

I have tried it once. The proceeds were not credited to my account at once. Though I got them the same day but it was hours apart.

Now the Snipper guy has disappeared. I was thinking he will come out and show love now.

Phyde:
I have been trying to redeem part of my MMF with stanbic since May 25, balance still the same and got a message of daily limit exceeded by 1m when I tried again today. I want to believe it's because the muslim holiday. I hope there won't be traffic when banks resume on Wednesday.

Stanbic IBTC daily online limit by default is N1 million. The maximum you can increase it to is N2.5 million. It is only when you increase it either by yourself on their app/web or go in the bank to before you can do a transaction more. 25 May is just yesterday and it is a public holiday not a working day. Be informed that MMF accout is not like your regular bank/savings account. Also note that they clearly state it on their forms that getting proceeds of withdrawal is between 3-5 working days.

Their app is not programmed to automatically carry out some requests like normal bank apps. After your request, it will take human efforts/imput to verify then credit your account. Unfortunately, those humans are entitled to public holidays too.

For your subsequent transactions with them, these are processes you should follow for ease of transaction and reduced anxiety:

1. May sure you do your request on week days excluding public holidays.

2. Make sure your withdrawal request is done early; before 12.00 pm of the day you make the request.

3. Be sure to have upgraded your minimum withdrawal before that day if you have in mind to go beyond the Limit.

Olaide1295:
MTN Nigeria Communications Plc announces N100 billion commercial paper issuance

https://nairametrics.com/2020/05/24/mtn-nigeria-communications-plc-announces-n100-billion-commercial-paper-issuance/

This is good but major details below were left out.

Rate:
Tenure:
Opening date:
Closing date:
Settlement date:

Most times when issue like this are presented for diverse opinions some would just be shouting Nairaland is not a doctor or hospital without reading. If you read the post before commenting you would have seen where she wrote that she already saw a Doctor but the rashes persisted.

It is okay to advice that she use a specialist in children issues (pediatrician) in case the Doctor she met before was a general one. However, I still believe there are chances of meeting mothers who have handled such issues here. At least from their experience her shots would be directed to a target instead of shooting into the air.

talk2tonie:
For the United capital bond fund, is capital preserved?

Yes, capital is preserved.

abraolas1:
is there anyone here that operates Invest Now (United Capital) Bond Funds or Balanced fund ?

just want to ask how it Operates and your Experience so far..

thanks

cc: Emmanuelewunmi

I do. Just like the normal mutual fund..i.e MMF. Of the 2 Bond Funds is more stable. It grows gradually with very minimal risk. While balance have some elements of risks embedded in their Investment plan.

In my trial with UCAP Balance Funds, N50,000 I invested reduced to about N43,600 within a month. I had to withdraw N43,000 and send to my MMF account. But I noticed it has started growing because the N600+ I left there has risen to N700. Hope this helps.

ahiboilandgas:
there are good brand...jamila , lake , thiamin rice etc but the idoits jack up the price to high...

Also Umza, Big Bull, Onions, Tomato King etc..

Brendaniel:
2. From my observation I don't know how true but it looks like the northerners are the highest receivers of the ID card, because the crowd I saw there the day I collected mine was overwhelmingly north( I'm not accusing any tribe it's just my observation, maybe they enrolled more)

Congratulations, for being able to get it despite all the challenges you went through. Majority of us that registered about the same time with op have not gotten it. Worst part of my situation is that I received a What'sapp message early this year where the NIMC Boss was saying all the cards were ready that we could check whether we got message or not and I went to their HQ where I registered to pick it up only to be told after check that it was not yet ready.

However, I believe the part of your observations stated above is not completely correct. Reason being that my name is completely Arabic without any native name and I have not been able to get but my spouse who bears complete Eastern/ English name has not only collected hers but have finished with the first one. She has been getting SMS to come and renew it since last year.

We both registered at their HQ in Wuse Zone 5, Abuja at the same period. She bear combination of Igbo & English names. While, I on the other hand bear complete Arabic names, I have gone to that office for collection 3 times since I did it about 6-7 years ago. The last being early this year before covid. In all my 3 visits, I was told it was not ready after checking their system.