₦airaland Forum

Vicolak:
Hi guys, please I have these questions:

(a) If you are exempted from writing some modules of a certification exam due to your academic qualification (e.g you only wrote 2 out of 4 modules that made up a certification) and you were issued your certificate afterwards, will WES evaluate the certificate when your transcript is sent to them?

(b) Will cic still accept this as TWO or MORE certificate bearing in mind the exemption?

Please anyone that has passed through this process should give their experience and our able seniors too can help me with this riddle, as I am about to take a decision on this. I dont want what will cause wahala later abeg.

@Topsmamen, @Ladymarshall, @Ifeoma77 ou guys should help out too. Thanks.

I used ACCA certificate. I was exempted from 6papers out of the 14papers and still got it evaluated as 4years degree equivalent while my ND also as 2years diploma passing as two or more certificates. I did not evaluate my HND, it was taking my school eternity to provide transcript (change of system story) hence I emailed WES to remove HND and replace with ACCA.

For anyone who intend to evaluate HND, you cannot evaluate only HND as WES will request for the ND also as it serves as a prerequisite for HND.
Cheers

ladymarshall:
To usher in my first 100 days as a professorial grading officer (PPR scripts) ,



P.S Grader has the discretion to assign decimal points depending on the story.
Grader has the discretion to give bonus marks

. Part 8 has only begun

This season 8 ehn, we don enter. The fear of ladymarshal's discretion is the beginning of extra sheet request

Welcome to Season 8

iaatmguy:
see the bias?
Applicant at aor stage

Kindly blur out the person's phone number and name, that is too much information. A lot could be done with the number, identity theft et al.

raphrulz:
So I was finally admitted into CPA membership last week.. The stress paid off.

Congratulations Bro. It is indeed a great feat

I will PM you

Olusapo:
Hi house.Pls can i apply for a Canadian visa with a virgin international passport?

Search for Canadian Express Entry/federal Skilled Workers Program - Connect Here Part 7 on Google or Nairaland and study page 0 or 1 like you will be sitting for a professional exam thereafter.

All the best.

ananne:
Good day bros,

I am a graduate of laspotech. I finished in 2009. I don't know if what you explained above affects me. I have my certificate. Will WES accept a copy of my certificate without the Transcript?

I am about to start the verification of my certificates.

What will you suggest I do? My OND is from the federal polytechnic ilaro.

WES requires transcript for evaluation. To claim two or more certificates, you also need to send your OND statement of result or Letter of Completion or Certificate and transcripts.

All things being equal, Laspotech should have resolved the system issue by now. All the best.

LaVieCestBonBon:
Seniors in the house ... bonsoir.

Please those that have gone through IELTS, how would you compare to "ieltsonlinetest" practice test.

Make I no go dey happy say I dey get 35 for reading only to find out that the real thing is way tougher.

Merci beaucoup.

Bonjour et bonne journee.

From my experience, I found the real reading exam simplier than past questions I solved perhaps because I wrote several professional exams back to back for 3 years and used to exam condition.

I had enough time to go through my answers and read the questions like 2 times.

From people's experience I have been reading on here, I realised I took this IELTS for granted as my mindset was "no be just English?". Thank GOD for his mercies.

Millalorinzzz:
Hi everyone, Congratulations to all who have aced one stage or the other.
Seniors in the house pls help
Law school is seriously delaying boo's transcript to send to WES, since we are claiming two or more certificate.
Can we delete the Law school option on the the page and input his ond certificate instead. he has an ond in mass communication from Ibadan polytechnic
Hope it won't have any detrimental effect on our application since they are two different courses and is it possible to still modify certificates on since other bodies like Neco already sent result to wes just waiting for law school

I did same, I had in the past gotten my transcript from Laspotech for Mckinsey's application with ease but years after when I needed it for WES, Laspotech came up with a long story about changing the system hence old graduates had miscomputed CGPA on the transcripts, I waited for over 3months with the story changing per second afterwhich I emailed WES to remove HND and I added my ND from Ibadan.

If you have never gotten your Certificate from Ibadan Poly, be prepared to pay almost 25k for the certificate alone as transcript will not be prepared if you haven't paid for certificate or able to present a copy of the certificate if you have it.



I claimed 2 or more combining ACCA and ND.

Please go ahead, it is possible

hayor2014:
not sure about this... Just send CPA a mail, they would respond

Thank you for the feedback, I greatly appreciate.

hayor2014:
if money is not an issue, I would say you do it before coming, that CPA will open more doors than you can imagine..

I read online that CPA Ontario requires two references who are already certified by Ontario CPA and should have known the applicant by atleast year. Can this be waived for immigrants so an ACCA member can process before landing?

INTERVIEW QUESTIONS for Spousal Category - Inland Spouse


1. When and where did you meet your spouse for the first time?
2. How did you meet your spouse?
3. How old is your spouse? What is your spouse's birth date?
4. What does your spouse do for a living?
5. Where did your spouse go to school'?
6. What degrees or formal training does your spouse have?
7. How did your spouse immigrate to Canada?
8. Where does your spouse work?
9. What is the name of the company? What position does your spouse hold? How long has your spouse worked there?
10. What does the job entail?
11. Does your spouse like his or her job?
12. What is the salary?
13. Where does your spouse live?
14. Whom does your spouse live with?
15. Where are you going to live when you go to Canada?
16. Please explain the type of relationship you have had since your first meeting.
17. What is your and spouse religion?
18. When you and your spouse were dating what would you do together?
19. Do you have any hobbies? Describe them.
20. Does your spouse have any hobbies? Describe them.
21. What type of music do you enjoy?
22. What type of music does your spouse enjoy?
23. What kind of movies do you enjoy?
24. What kind of movies does your spouse enjoy?
25. What kind of books do you read?
26. What kind of books does your spouse read?
27. Have you and your spouse ever exchanged gifts? Explain.
28. When and where did the marriage proposal take place?
29. Was your marriage arranged?
30. If it was arranged describe how it was arranged and by whom?
31. Did you have a ceremony celebrating your relationship?
32. Where was it held?
33. When was it held?
34. Describe the ceremony?
35. Did it conform to your own religious and cultural beliefs? Explain.
36. When did you get married?
37. Where did you get married?
38. Who was at the wedding?
39. What family members were there?
40. How many people were at the ceremony?
41. What day was the ceremony held on?
42. Who performed the ceremony?
43. Do you have pictures of the ceremony?
44. Who was at the ceremony from your side?
45. Who was at the ceremony from your spouse's side?
46. Were any friends present?
47. How many brothers and sisters does your spouse have?
48. Were your parents at the wedding? If not, why not?
49. Are your parents aware of the wedding? If not, why not?
50. Where your spouse's parents at the wedding? If not, why not?
51. Were your spouse's parents aware of the wedding? If not, why not?
52. Was a reception held? When and where was it held?
53. Who was present at the reception?
54. Did you receive any wedding gifts? Describe them.
55. Did you on a honeymoon? Where did you go and for how long?
56. Can you show me pictures and receipts from the honeymoon, wedding and
reception?
64. Do any other family members reside with you and your spouse? If yes, please indicate their names and relationship.
65. What relatives do you have in Canada?
66. What are their names and where do they live?
67. What relatives do you have outside of Canada?
68. Has your spouse met any of your relatives or friends? Who have they met and when did they meet them?
69. Have you met any of your spouse's relatives or friends? Whom have you met and when did you meet them?
70. In terms of education, would you say that you and your spouse's educational background are compatible?
72. Why did you marry your spouse?
74. Do your family members (parents, siblings) want to immigrate to Canada?
75. Did you marry your spouse so that you could sponsor your parents as landed immigrants of Canada?
76. How do you correspond with your spouse?
77. How often do you talk on the phone?
78. Do you have phone bills, e-mails, cards, etc., and can I see them?
79. Tell me why this marriage or relationship is genuine.
80. What makes your relationship with your spouse different from that of a female/male friend?
81. Does your spouse support you financially?
82. Do you support your spouse financially?
83. If I refuse this application what will you do?
84. When and where did you live together?
85. Development of your relationship after very first day?
86. Why didn’t you get married to someone in Nigeria??, why to someone in Canada?
87. Personal life of sponsor, school, colleges, courses, work and all important dates such as, date of moving to Canada, date of leaving Canada and entering Nigeria.
88. If she is pregnant or not, if not, why not ?
89. Detailed information about her parents
90. Engagement, marriage and reception, who attended and who didnt, if not why?
91 About rituals in religious ceremony and number of guests?
92. Future plans?
93. What kind of job, you are looking for?
94. What side of bed, you sleep on?
95 Where did ur spouse propose u , what time was it ? And how ?
96. When n where did u first time got intimate with your spouse ?
97. What contraceptives did u use ?
98. Her birthdate, her education details, her parents, sister info..etc etc..
99. When and where did you get married?
100.What trips to went to?

-------------------------------------------------------


These are some questions that they can ask Couples living together..

Development of Your Relationship

What did the two of you have in common?

Where did you go for dates?

When did your relationship turn romantic?

How long was it before you decided to get married?

The Wedding


How many people attended your wedding?

Did each of your parents attend?

Was there music or other entertainment?

What kind of cake (or other food) did you serve?

Who were the bridesmaids/groomsmen?

How late did the guests stay?

Did the bride change clothes for the reception?

Did you serve liquor? What kind?

Did anyone get drunk or otherwise embarrass themselves at the reception?

What time did you and the [bride or groom] leave the reception?

Did you go on a honeymoon? When did you leave? How did you get there? What airlines?

Regular Routines


Who gets up first? At what time?

How many alarm clocks do you set in the morning?

Who makes breakfast?

What do each of you eat for breakfast?

Does your spouse drink coffee in the morning?

What time do the working spouse or spouses arrive home?

Who cleans the house?

What day is your garbage picked up?

Who takes care of paying the bills?

Do you have a joint bank account? Where?

Do you have a cat, dog, or other pet? Who feeds it? Who walks it (or cleans its kitty
litter box, cage, etc.)?

Do you and/or your spouse attend regular religious services? Where?

Where do you keep the spare toilet paper?

The Cooking

How many times a week on average do you eat out?

What is your favorite restaurant for special occasions? For weekly outings?

Who does most of the cooking?

Who does the grocery shopping? Where?

Is there a particular food that you eat every week?

What is your spouse’s favorite/least favorite food?

What color are the kitchen curtains?

Do you have a barbecue grill? Do you use it?

Other Family Members

Have you met each other’s parents?

How often do you see each other’s parents?

When was the last time you saw them? Where? For how long?

On important holidays, do you buy individual gifts for your parents-in-law? Do they buy individual gifts for you?

How do each of you get along with your parents-in-law?

Which other members of your spouse’s family do you see frequently? When was the last time you saw them? What did you do together?

Home Technology

How many land-line telephones are in your house? Where are they?

Do you have an answering machine on your home telephone? Who checks the messages?


How many televisions are in the house? In which rooms? Do you watch shows together, or separately? Name one show that you always watch together.

Do you record any television shows?

Do you subscribe to a DVD rental service?

Does your spouse listen to the radio? What station?

How many cars do you have?

Do you have a garage? Who parks in it? Do you use a garage door opener?

Do you have a camera? Who uses it most often? Who takes pictures at important family occasions?

In the Bedroom

What size is your bed (Twin, Queen, or King)?

Do you have a regular mattress, futon, or waterbed?

How many windows are there in your bedroom?

What color are your spouse’s pajamas?

Who sleeps on each side of the bed?

What form of contraception (birth control) do you use?

When was your wife’s last menstrual period?

Where do you keep your toothbrushes? What kind of toothpaste, soap, and shampoo does each of you use?

Do either of you read or watch television before going to sleep? Do you have lamps next to your bed?

Have you ever had an argument that resulted in one of you sleeping in another room? Who, and which room?

The Rest of the House

Do you live in a home or apartment? Who pays the mortgage or rent? How much is it?

Is there a carpet in your front hallway? What color? Is your sofa a regular one or does it have a pull-out bed?

Have you ever had houseguests sleep there?

What type of curtains or window coverings is in your living room? What color?

How many staircases are in your house?

How many sinks, toilets, and showers are there in your house or apartment in total?

Do you leave any lights on when you go to sleep at night?

Celebrations

When is your spouse’s birthday?

What did you do for your spouse’s last birthday?

How did you celebrate your most recent wedding anniversary?

What religious holidays do you celebrate together?

What’s the most important holiday of the year in your household? Where do you typically celebrate it?

Have you and your spouse gone to see a movie or other form of entertainment lately? When, and what did you see?

What did the two of you do last New Year’s Eve? Canada day?

Source: Canadavisa Forum

realone2012:
So does that mean I can't get two or more degree even after finishing the ACCA (professional level)?

ACCA affiliate or membership will be evaluated as 4years bachelors degree (as per my evaluation report) while F1-F9 (Advance Diploma) is evaluated as 3years Bachelors degree (as seen on Canadavisa forum).


Fortunately for me I wrote ICAN and ACCA concurrently and got six papers exemptions (F1-F6) as I cleared some papers before deciding to start sitting for both exams concurrently.

Should you write ACCA professional papers after being exempted from F1-F9, you should get a favourable evaluation as you weren't exempted from all the 13-14papers but 9.

Logically if you were exempted from all the 9papers, you may be not get a favourable evaluation for the Advance Diploma. On a flip side, that is if you are a risk taker like me (high risk, high reward) and willing to try your luck evaluating the Advance Diploma that is if you were issued after claiming exemption with ICAN. WES may decide to request for the certificate and transcripts used in getting the exemptions which in this case is ICAN. Using comparative analysis of the cost implication and time, waiting to write 4 professional level paper should you pass at first sitting may take 4 diets (1 - 2years) and the cost may be well over 500GBP. I will suggest (not compel) you risk evaluation with WES if you have the Advance diploma. Nothing ventured, nothing gained

Long time silent follower of this thread and Living in Canada thread but my first contribution

I had to come out of my hidding place to provide feedback based on my personal experience even though someone already stated you will not get a favourable evaluation after sitting for the professional level because of the exemption which is not totally valid.


O ma ja so pe Las las ni

PS: This response is based on the assumption that you are evaluating ACCA with another qualification to count as two or more certificates.

Someone once mentioned on Canadavisa forum that his ACCA Oxford Brooked University (OBU) certificate was evaluated as 3years Bachelor and ACCA membership/affiliate evaluated as 4years which counted as 2 or more. Apologies, I couldn't dig up the thread/link.

Cheers.

My name is Ayobami Akinade
Everyone keeps saying I hardly talk about my dad
It is not because I don't like him
Perhaps, I feel you won't believe me
It is easy to conclude, I am bragging
Like a lot of "I just got back" do
I don't mean to brag really but my dad is famous
Maybe not in every nation yet
But he's widely known, yes my Dad
He can be so terrific yet terrible
My siblings and I call him different names
I remember one night, a number of soldiers harassed our relatives
It took only one of his messengers to discipline them
Well, my dad is well connected
So we can discipline soldiers too
It is hard to admit but my Popsy has confirmed jazz
His jazz has no part two, second to none
I remember when our first born died
Our eldest brother, Popsy love him die
But still he used him to test jazz
My bros even knew he was going to die
Dad told him, he hardly keeps secret from us
My bros almost jappa (ran away)
But he trusted dad as per jazz level
Guess what? Dad brought him back to life o
I fear my dad mehn
Can your Popsy do that? Make I bend if he fit
I don't mean to brag but my dad is famous
He's has the first mover advantage in several things
He created and innovated and still creates
He brings into existence what is not
As if they were, imagine his IQ?
He owns the cattles upon a thousand hills
He rewards those who diligently seek him
He's so powerful, he can't die
Death that couldn't hold our firstborn
How will he kill my dad? Death wan die?
He loves helping people
Those we reach out to him for help
My dad can help you if you want him
Even if your parents had wronged him
Even if you sef had insulted him
He keeps no record of wrong
Once you are sober
He's caring and his mercies are new every morning
I present to you my father, GOD the father
He who kills and no man brings alive
He keeps alive, no one dares kill
He changes stories per second
You have been written off? contact my dad
They said you can't amount to anything?
My dad can make you, trust me; try him
Call upon him, he will answer you
He show great and mighty things
If only you will accept and allow him to adopt you
You too can call him daddy.
Just tell my dad, JESUS gave you his number
JESUS is that our firstborn he loves
He can do anything because of JESUS
He will listen and help you
He receives alot of calls per day
You better knee and call him now

Feel free to share if it is worth sharing

KhalikanENT:
At the end of fiscal year, balance sheet will show who's the man and who's the boy.

Ad war or not, GTBank is by far one of the top 3 banks in Nigeria, let sterling Bank continue with their Ad war.

You are absolutely right but you do not get attention taking on a nobody. This is why it is a form of market penetration strategy. In the 21st century, penetration strategy is beyond pricing and promotion, it is also a number game that jumping on trends may also deliver. Beyond the ORNGE, did you also notice that Sterling Bank jumped on the STEW tagline? (it is game of number).

People who seek attention online do not target unknown people but celebrities with huge online followers, same applies here. It is a strategy that get results any time, any day.

Following the success of Sterling bank's last jab at other banks, she is back again with another upper cut satirical ad targeted at GTB.

How will Sterling bank win?
The AD will get banks' staff and customers talking, some defending their brands/employer, some enjoying and following the trend while some will be compelled to google Sterling bank out of annoyance or to know what sponsored the bank's recent gut. Another amazing angel to this strategy is how you start seeing ADs relating to the your recent google search. I hope Sterling bank already activated some affiliated ADs that would pop-up to maximize the effect of the recent social buzz.

Googling Sterling bank will expose the researcher to their products that may get his/her attention and make him/her enlist for her services.

Media buzz is a good business. Sterling bank sure understands it is a game of numbers which can be heavily influenced by being in the news and trending on social media.

Nice job to Sterling Bank's creative guys.

© Ayobami Akinade
https://www.linkedin.com/in/ayobamiakinade/

1BB007:
ACA, ACCA is equivalent is to 4years of expereience.. The only thing missing is inhouse training and how to identify pitfalls... nothing they there my brother. ACA nor ni mi

I beg to differ, I know many ACAs and ACCAs that cannot journalise entries. Paper qualification is not enough

I was privileged to interview about about 15 applicants with 1 - 6 years post NYSC experience for a role. My take away include:

Years of experience is just a number - out of the applicants, the applicant with 1 year experience was better exposed, sound and suitable because he had worked with companies that had exposed him to several scenarios than entities that just pay you salaries for warming the chairs. I can tell if you are speaking based on book knowledge or experience and exposure.

Disregard the high unemployment rate, with time you can get your dream job without a godfather - the employment rate in Nigeria is still very high but the competition is extremely low. If you are truly sound, you will get that job as over 90% of applicants are jokers and uncompetitive; they are graduates but not for this jet-age.

When you go for an interview and meet people with Stanford degrees, don't hide and disqualify yourself even if all you got is a HND - majority of the applicants cannot defend their certificates. Be hungry, be ambitious and seek for knowledge. Your dream for a dream job is valid, you can achieve it if you distinguish yourself.

If you want to practice in a regulated field e.g Accounting, HR, Law et al, seek professional qualification before running off to bag an MBA/MSC - I interviewed for a finance role and one key learning points that was visible to the blind and audible to deaf was that applicants who were not even chartered accountants but had only passed a stage of ICAN examinations spoke like professionals and gave reasonable assumptions to practical questions. They could to an extent think out financial ideas and solutions.

During internships and post NYSC, don't settle for the pay cheque, settle for the experience and exposure - majority of the applicants had years of experience without real experience in the years. First hustle for experience and exposure (2Es), money will come knocking when you are fully loaded with the 2Es.

Spend more time learning soft skills and less time with snapchat filters, whatsapp updates - no matter your field, learn how to use Microsoft office's Word, PowerPoint and Excel. You don't have to be an expert, learn beyond the basics. For financial enthusiasts, learn beyond Excel's SUM function, know how to use Pivot table at least.

In conclusion, applicants should learn to own the interview session; speak like you are gisting with your mom, dad, pastor and not a "god". Be lively, laugh (it makes you human). I used to be an introvert but in interviews, I take charge as the applicant; I laugh. I remember tears "loading" in my eyes a few yearsago before a panel of an oil and gas company when they told me I was the best so far but overqualified for the role (who overqualication help Sir? Mr. Panelist, give me this mountain [job]). They gave me a referral to another company but I don't just apply to any company.

It is your stage not the panelist's, don't just perform like most musical artists, entertain, be hungry, be ambitious. You can land that dream job.

Ayobami Akinade AAT, ACA, ACCA (A).

www.linkedin.com/in/ayobamiakinade/

rossi5:
..thanks for the response.. What's your email please.

Oops! I forgot to update this thread, anyways I emailed Rossi last month/last year as it would be insecure to post my email.

why?

If Mexicans soap opera could be dubbed in other languages and shown across Africa why not in our indigenous language?

Busted!

Quick recovery great fighter

www.nairaland.com/attachments/4611929_mmm_jpeg8b802860e4b7cf49223e902205d7cbb4

Having lost 2,300,000NGN (two million, three hundred thousand naira) to WealthSolution, Real & Cool, PennyWise and the likes in June 2007, not subscribing to MMM was no brainer as it is only a matter of time before the schemers would pull the plug. As much I do not want to subscribe to the school of thought that it has crashed already, it may surely not survive the next 60days as anyone who survives this end of the year shocker (account freeze) would need no prophet to advise him/her to stay clear should he be able to finally receive help come January. In January, the 30days gap would make almost everyone whose account was placed on hold/freeze qualify to get help but who would be ready and willing to GIVE HELP, Me?

Four (4) weeks ago, it became evident that the scheme was heading down south when one subscriber who needed to cash out 470,000NGN was assigned 21 other subscribers to give him help (send him money). This shows that there is increase in the number of people offering to give help of less than 30,000NGN compared to a few months ago when people were placing in as much as 1,000,000NGN. Please note that I do not refer to them as investors as they are not investors rather gamblers.

After interviewing some guiders, captains, subscribers and reading some online articles, I got a better understanding of how the scheme actually works (the matching algorithm and cash out model). A subscriber who is due to cash out (receive help) is assigned one or more other subscriber(s) who is/are due to give help. When the time is right for the schemers to pull the plug, crash the scheme in Nigeria and finally cashout, the same model would be adopted to avoid suspicion however only with some selected number of more greedy and trusted guilders and captains who would be paid a percentage of the amount they are able to pull perhaps the same 30%. I will explain further in the next paragraph.

It is assumed that MMM Nigeria has over 3,000,000 (three million) Nigeria dwellers (citizens and non-citizens) who already enrolled on the MMM platform, I would refer to them as active accounts. All the schemers need to do is to create a syndicate of greedy, trusted and highly secretive captains and guilders of at-least 1,000 out of the 3,000,000 active accounts, whose account would be assigned to other unsuspecting subscribers to give help to. Just like the existing model, no one would notice any foul play as nothing has changed; the process has not been modified in any way only that only a selected number of people (syndicate) are receiving help from others.

Let’s assume that MMM Nigeria is pulling out 250,000,000,000NGN (two hundred and fifty billion naira), each of the 1000 would get 250,000,000NGN, imagine being promised to get 30% of any amount you pull, that is 75,000,000NGN, trust me, an average guilder and captain would sell his/her birthright to get that amount and care-less about the crashing MMM Nigeria or otherwise . The sudden account inflow should raise a flag within the banks’ core system as some of the guys’ account may never have recorded such inflow before. FLAG Number 1. – BANKS to be on ALERT, Anti-money laundering monitor should flag the accounts

Getting the funds out of the country to the chief schemer Mavrodi or his accomplice would be the next stage of execution but this would be a tall order due to the stringent FX policies surrounding inflow and outflow of funds in and out of Nigeria. Money laundering is an option but highly risky and could easily give them away. Another option would be to further integrate the money into the system by transferring between accounts before finally pulling it out of the country.

Illustration A gets 50m deducts his/her 30%, moves the balance of 175,000,000NGN to B, B moves 170m to C, C move 165m to D until 150m gets to F. This would make tracking the funds difficult and easier to escape any money laundering trap within the banking systems. Another reasonable option would be to use FORM M and FORM A. The schemers engage registered foreign corporate entities in different countries to issue supposedly genuine and valid documents (Bill of Entry, Commercial Invoice, Bill of Lading / Airway bill etc.) to enable them access foreign currencies through FORM M and FORM A in disguise for payment for imported goods. The banks could be of immense assistance here as the FORMs would be accessed through the banks. FLAG Number 2. – BANKS to be on ALERT in issuance of FORM M and A

Another option is smuggling the funds through the borders to another country(ies) from where the funds would be transferred to different accounts in different countries to outsmart any forensic investigations – FLAG Number 3 – CUSTOMS to the rescue

Yes, people were warmed but it is not always easy to say NO to this kind of schemes, I also learnt the hard way.
All the best to MMM Nigeria Subscribers, this is the only way I could help with tracking of your funds and possible retriever.

© Ayobami Akinade AAT, ACA, ACCA(affiliate)
Management Consultant

rossi5:
Congratulations sir...whenever I read and hear people get qualified..I ask myself ...don't u think u can make it too.i was asked in an interview if I have a mentor..I lied..can u mentor me pls.

Apologies for the delayed response, I usually don't login to nairaland anymore, I just read as a guest.

I would sure love to, shot me an email.

Seun, Mynd44, Lalasticlala what you do guys think?

Having lost 2,300,000NGN (two million, three hundred thousand naira) to WealthSolution, Real & Cool, PennyWise and the likes in June 2007, not subscribing to MMM was no brainer as it is only a matter of time before the schemers would pull the plug. As much I do not want to subscribe to the school of thought that it has crashed already, it may surely not survive the next 60days as anyone who survives this end of the year shocker (account freeze) would need no prophet to advise him/her to stay clear should he be able to finally receive help come January. In January, the 30days gap would make almost everyone whose account was placed on hold/freeze qualify to get help but who would be ready and willing to GIVE HELP, Me?

Four (4) weeks ago, it became evident that the scheme was heading down south when one subscriber who needed to cash out 470,000NGN was assigned 21 other subscribers to give him help (send him money). This shows that there is increase in the number of people offering to give help of less than 30,000NGN compared to a few months ago when people were placing in as much as 1,000,000NGN. Please note that I do not refer to them as investors as they are not investors rather gamblers.

After interviewing some guiders, captains, subscribers and reading some online articles, I got a better understanding of how the scheme actually works (the matching algorithm and cash out model). A subscriber who is due to cash out (receive help) is assigned one or more other subscriber(s) who is/are due to give help. When the time is right for the schemers to pull the plug, crash the scheme in Nigeria and finally cashout, the same model would be adopted to avoid suspicion however only with some selected number of more greedy and trusted guilders and captains who would be paid a percentage of the amount they are able to pull perhaps the same 30%. I will explain further in the next paragraph.

It is assumed that MMM Nigeria has over 3,000,000 (three million) Nigeria dwellers (citizens and non-citizens) who already enrolled on the MMM platform, I would refer to them as active accounts. All the schemers need to do is to create a syndicate of greedy, trusted and highly secretive captains and guilders of at-least 1,000 out of the 3,000,000 active accounts, whose account would be assigned to other unsuspecting subscribers to give help to. Just like the existing model, no one would notice any foul play as nothing has changed; the process has not been modified in any way only that only a selected number of people (syndicate) are receiving help from others.

Let’s assume that MMM Nigeria is pulling out 250,000,000,000NGN (two hundred and fifty billion naira), each of the 1000 would get 250,000,000NGN, imagine being promised to get 30% of any amount you pull, that is 75,000,000NGN, trust me, an average guilder and captain would sell his/her birthright to get that amount and care-less about the crashing MMM Nigeria or otherwise . The sudden account inflow should raise a flag within the banks’ core system as some of the guys’ account may never have recorded such inflow before. FLAG Number 1. – BANKS to be on ALERT, Anti-money laundering monitor should flag the accounts

Getting the funds out of the country to the chief schemer Mavrodi or his accomplice would be the next stage of execution but this would be a tall order due to the stringent FX policies surrounding inflow and outflow of funds in and out of Nigeria. Money laundering is an option but highly risky and could easily give them away. Another option would be to further integrate the money into the system by transferring between accounts before finally pulling it out of the country.

Illustration A gets 50m deducts his/her 30%, moves the balance of 175,000,000NGN to B, B moves 170m to C, C move 165m to D until 150m gets to F. This would make tracking the funds difficult and easier to escape any money laundering trap within the banking systems. Another reasonable option would be to use FORM M and FORM A. The schemers engage registered foreign corporate entities in different countries to issue supposedly genuine and valid documents (Bill of Entry, Commercial Invoice, Bill of Lading / Airway bill etc.) to enable them access foreign currencies through FORM M and FORM A in disguise for payment for imported goods. The banks could be of immense assistance here as the FORMs would be accessed through the banks. FLAG Number 2. – BANKS to be on ALERT in issuance of FORM M and A

Another option is smuggling the funds through the borders to another country(ies) from where the funds would be transferred to different accounts in different countries to outsmart any forensic investigations – FLAG Number 3 – CUSTOMS to the rescue

Yes, people were warmed but it is not always easy to say NO to this kind of schemes, I also learnt the hard way.
All the best to MMM Nigeria Subscribers, this is the only way I could help with tracking of your funds and possible retriever.

© Ayobami Akinade AAT, ACA, ACCA(affiliate)
Management Consultant.

I reserve my comments

Was that not the Nigerian boxer that knocked out an opponent at the Rio Olympics?

Don't spend like him sha

This is preposterous

So proud of you guys.

It is possible

Kennyanderson:
Thanks, I appreciate. Affiliate membership means you are done with all the exams right?

Yes but yet to apply for membership. Membership annual subscription with this Fx rate is crazy hence, ama ama cool with the affiliate status for now.

Kennyanderson:
Hello, Guru's in the house. Pls I have a Bsc in Economics, currently about to start my masters in Msc Economics. I am interested in ACCA. I have some questions
1) will I be able to get exemption for some courses...if Yes, what are the courses.
2) pls is the payment per level or per courses....and how much is it if it is per level or per course?....
3) How can I go about it?
Pls help a brother.

Thanks!

1. https://portal.accaglobal.com/accrweb/faces/page/public/accreditations/enquiry/main/EnqInstitutionsTable.jspx

2. http://www.accaglobal.com/my/en/qualifications/accountancy-career/fees/fees-charges.html?countrycode=Nigeria

3. http://www.accaglobal.com/ng/en/qualifications/apply-now.html

Ayobami Akinade AAT, ACA, ACCA (affiliate)