₦airaland Forum

MrTour:
This is not a legal action matter if you have complained, given them time and they haven't carried out any speedy action.

I had a similar issue as yours where their incompetent staff placed a bid against my will. All Nigerian banks have incompetent staff and I must say Stanbic IBTC is one of those banks with the least of such fools.

All you need to do is forward a letter to their main customer service email, follow it up with a phone call to the sane department and unleash all your anger in that email if you don't get a favorable response within 48 hours I will refund you the money.

Hahahaha Pal, lemme forward my account details for the payment lol.
I want to verify if the banker that made the mistake is still working with the bank?
The second in command of my branch was the one who made the mistake. And he has been calling and sending texts that the fate of his work depends on any further actions by me. Inasmuch as I want to be considerate, I wouldn't want to entertain any loss upon terminating the investment. Please, what was your issue with them, and did they rectify it to your initial instruction? Thanks

@Freeman67... Well said, but the lawyer is my brother. Just weighing all options incase the bank decides to play games. Thanks

40manlappy:
I suggest that you contact their customer service centre and register your complaint. Going forward, make copies of your application letter/executed form.

Before you take any action, request for a new copy of the form that you filled and read the "fine prints" very well. Banks tend to prepare themselves well for scenarios like these. You might have signed away your rights!

By the way, which bank is this?

cc: freeman67

Thanks done that. Gave the copy to my lawyer, and he read through and did told me I had a good case but pending when I contact the customer care tomorrow. To get detailed explanations. And get possible full returns or I take action l, if they give me less than I invested for their negligence. Bank is Stanbic IBTC.

Gaddafithe2nd:
This indicate that Islam is tolerant. How many christian association would allow that.

You better wake up.. you're an African first before Islam or Christianity. Blacks always getting their priorities wrongly!!

@Freeman.. thanks plenty.. Showed their agreement letter with my lawyer, and he did say I had a good case. But planning on meeting up with the head office on Monday for clarifications, before taking action.

@Gurus in the house..
If you instructed your bank to bid for 365-days (1-year) tenor on your behalf, and instead they bidded for 182-days (6 -months) tenor without your consent, can one take legal action against them if upon request to terminate the investment they do not return the original amount invested??

Please, anyone with idea and experience on Treasury Bills should kindly help with suggestions on how to tackle such scenario. Thanks in anticipation

For Stanbic IBTC
Dear .....,


Thank you for your mail.

Kindly find below the interest as the last bidding.

91days – 13.9900%
182days- 17.4000%
364days- 18.7000%

Also kindly provide us with your mobile number to enable contact and advise you further.

Best regards

sanerugwei:
The rates do not vary from bank to bank. It is the same across board. If you are bidding for yourself just study the trends and cast your net.

Bank rates differs but CBN's rate is same for all banks. If you see from the rates people have been posting here since yesternight, some banks gave 18.5 like FCMB and some 17.5..

Ginaz:
I don't know the right section to post this but I really need to know cos I'm tired already so forgive me.

I'm in my early twenties, I'm the kind of girl that just love being alone with herself. I don't go clubbing, don't go to parties( except I don't have a choice and I'm being forced by my mother, marriage tinx)

I have few friends, just 4 I share deep emotional matters with. I'm always alone when at home, in fact I get excited about it.

I have never visited anyone this year, except on 2 occasions. Only 2 have visited me also, I close from work straight home and sleep, read novels or watch movie.

I like social stuff but too much of it kills me, makes me shy and tired. Now I'm at my aunt's house, I've been inside my room since Saturday, I only come out to do house chores. This is my personality but I feel people don't understand.

My aunt just had a talk with me right now that I keep myself from people, and it's getting me mad cos I didn't think it that way.

Nairalanders, please am I too introverted or what? Is there something I'm missing? Please.

I must commend your innocent looks and pretty face. (Crushing .. lol)

This book should help you better understand yourself. 'Why You Act the Way You Do' by Tim F LaHaye.. You learn alot there about the different temperaments, blends, and how to maximise the gains peculiar to your temperament. A small read, not more than 500naira or you could download online. Regards

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Kentrasso:
I'm planning to use a rate of 18.5, UBA against 28th December please advice me.

I think it would have been better you see the rates given by other banks for 1year before deciding the bank to settle with. But Stanbic should offer better than that and you could as well bid with your own rate.

Anyone gotten alert from Stanbic?

shapman:
call customer care to activate it from their control portal since you are unable to. had similar issue but they were able to activate it from their end. cheers.

Thanks for replying.. All the remedies proffered by Customer care didn't help either. Though, Its been rectified. I just got their 4g aim and every seems to work fine.

feelamong:
Since your account has been debited...it means your funds have been invested in the Treasury Bills for you.

Ask them for your Investment Letter to see the details (Rate, tenor, etc)

With inflation rate at 18.33, please what rate can we bid for 364days tenor?

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unite4real:
To liquidate ur investment, you need to approach your dealing bank/investment house. Remember to count your loss properly.

Thanks very much for your prompt response. For the loss, that's where I have issue. What my bank gave me is way less than the original profit I was given for the investment in the first instance, making me lose more money. And I've held the investment for close to six months, the amount I got from my own calculation is way different, what do you suggest I do in this case Sir?

Gurus in the house.. please what's the effect of the CBN's MPC meeting on Treasury bills?
And what possible rates can one bid for 364 days? Thanks

@Unite4real @Feelamong, @Other gurus
Please, for an individual that wants to liquidate his NTB before maturity, what steps can one take to sell on the Secondary Market.

@tunene66 Thanks for your response

Is there any MPC meeting before the next Tbills auction?

And what advisable rates can one bid for the next auction 364days tenor?

Cc: @Feelamong @Unite4 and other gurus

unite4real:
Only the big players operate in that league. Individuals don't buy OMO the way Tbills are bought.

Thanks very much Sir for your reply.

Houstency:
Please anyone with useful information on CBN bills and CBN's Open Market Operations (Government securities)?

Can they be bought same way as NTB and where are they bought from?

Cc:
Feelamong, unite4real, mekaboy and other gurus in the house pls help out.

Please anyone with useful information on CBN bills and CBN's Open Market Operations (Government securities)?

Can they be bought same way as NTB and where are they bought from?

Women keep on clamouring for gender equality, which I'm not against...
But come to think of it, is it forbidden for a Naija lady to do this to the boyfriend.. Why always the guy giving and ladies are meant to receive alone?? In short, real African Ladies should go to the other room and complain less , from the unreal world championed by excessive Telemundo and that Indian channel.

Real African men knows how to spoil our women silly. They deserve it. Good one from the guy in question!

Checkout this skin condition Dematographic Urticaria also called 'Skin Graffiti'.

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