duni04: I hate to say this but i comoletely agree with Mohammed for the forst time ever. Twitter and even Facebook have come under severe criticism lately because of the selective and biased methods of applying their community rules. We all remember the ignoble role twitter and Facebook played in thd US elections last year. And then their really ridiculous policy on covid disinformation that they've senselessly had to track back on because there is now intelligence that the virus may have originated in a Lab in China. When Donald Trump was pushing the same angle last year, Twitter banned him and others citing community policy against fake news. Now that the liberals have seen intelligence backing the lab origins of Covid they've now tracked back on that policy. No social media organ has the right to censor or restrict people's views. Even if they're violent or fake, they still represent people's opinions. Its shameful and ridiculous. That's why the Russians and many other countries are planning to ban Facebook and twitter soon.
boommer: Hello good evening house. Please I want to pay my tuition deposite to teesside uni, which bank is most recomended at the moment and are there any document I'm to go along with?
Vaughanlanrewaj: Really bad. That's why government should move into the crypto space and fence out the scammers . This is a thriving field for fraudsters and scammers.visit www.freestuffsng.com for latest freestuffs in Nigeria. God bless Nigeria
Investors distraught as Insha Allahu Investment boss disappears
Phony companies continue to take advantage of the harsh economic situation in the country to scam people looking to make extra income.
Investors in Insha Allahu Asset Management and Investment Limited have been left stranded as the management of the company has closed shop while company CEO Abdulakeem Morendayo is on the run, Peoples Gazette can report.
Insha Allahu is one of the now ubiquitous investment companies springing up across Nigeria and currying investors funds. They show up claiming to be stockbrokers or offer financial or investment advice.
They claim their investment offers are low-risk and will provide quick and high returns, with opportunities to invest in overseas companies or businesses.
The offers sound legitimate, with resources and testimonials to back up their claims.
The investments offered in these types of schemes are usually shares, real estate high-return schemes, foreign exchange trading, or exportation of goods.
Peoples Gazette spoke with several individuals who had invested in Insha Allahu Asset Management & Investment Company Limited, an Abuja based firm, which presents itself as a business exporting coconut shell charcoal and other agricultural products.
The business offered a 20 per cent return to its investors after bi-monthly. However, after some of these individuals paid in their hard-earned monies, and in one case, their inheritance, the company stopped paying monthly returns to the investors, claiming an issue with the Security and Exchanges Commission.
Abdulkabir Shazili told the Gazette that he invested N500,000 in August 2020 and the company paid him the first return in October but since then, no returns have been paid. Mr Shazili said the company assured them that payments would be made in March.
In March, the company announced that they could not continue with payment of the returns and instead, investors’ capital will be refunded.
Another investor, Abdulkareem Abdulhakeem, invested N100,000 to test out the arrangement. After being paid for six months, Mr Abdulhakeem proceeded to persuade his friends and family to invest in this scheme.
He notes that one of his friends invested over N7 million naira in the company, expecting a 20 per cent return every two months. But similar to Mr Shazili’s complaint; there have been no refunds of capital invested nor has payments of returns been made.
Oyeleke Saidat, a staff at Insha Allahu, who also invested millions of naira alongside her family, tells the Gazette that there’s no word from the Company’s CEO, Abdulakeem .A. Morendayo.
She notes that the company account has not been funded in months and despite the constant assurances from the company, information within the company reveals that there are no available funds to repay the investors. The likes of Mr Shazili and others stand to lose all the money they invested.
After weeks of closely monitoring the company’s activities through company staff, Mr Morendayo is reported to be on the run, with his phone lines switched off.
Investors are distraught and have sought help from the Nigerian Police Force.
Investors have also turned to public forums such as Nairaland to air their frustration, as efforts by the police prove discouraging.
A cursory visit to the CAC website shows the company is actively registered, though the company’s physical office was closed when The Gazette visited. Attempts to reach the company’s lawyers proved abortive as they did not respond to phone calls and emails seeking clarification.
Insha Allahu is one of the many investment schemes ripping Nigerians of their money with promises of high returns.
Despite the warnings by both the SEC and the EFCC to potential capital market investors cautioning against putting their funds in fraudulent investment schemes, Nigerians still fall prey to these schemes.
there is a saying in my place, if while you work on the farm and this snake bites you and you are able to resist the urge to kill it and immediately run across to another plot of land you will survive.
afroxyz: I wouldn't say just o, because the depth of your foresight is based in information you have been able to gather and how you can interprete that information. But its worth emulating. Bezos said that any business decision Amazon implements has been decided three qurters before that time.
afroxyz: Yea. On point. Like Apple, its cash flow from services has been increasing because they have realized that depending on Iphone sales is not enough. Amazon just bought MGM to support its prime. Sometimes i wonder how one can replicate the vision these companies exhibit in one's life
Just planning and foresight
I am sure their business analysts and financial planners are the very best
I was just listening to a Forbes interview of Cosmos Maduka, the founder of Coscharis Group. He was asked what his worst day in business was. He said he had two worst days in business, as follows.
The first, he was in Lagos and received a phone call that there was commotion at his branch office in the eastern part of the country. He rushed there and found out that all his staff there had disappeared with money they had collected in advance from customers for supplies. He was sued by 53 traders and had to repay all the stolen money.
The second, a friend needed financial assistance to bring a shipment to Nigeria. He then stood as guarantor for the bank loan collected by this friend. Till today, the shipment never arrived. The friend sold off the shipment on the sea and disappeared with the money, leaving Mr Maduka with N21 billion in debt, producing interest of N300 million monthly. He had to sell of his entire majority shareholding in one the major banks in order to pay it off.
Lexusgs430: You are truly reading, hearing and feeling the right vibes.........
Accommodation scammers, plenty in the UK......
Rule of thumb - :
- Use agents with a physical presence on the high street - If using online agents, NEVER pay cash (offer credit card deposits). If deposits is over £100.10, you can make a section 75 claim...... - Never be rushed into making/taking a decision - When you eventually get the keys, before you move in (ENSURE you take video and photographic evidence of the property, EMPTY)..... Ensure everything you might think is irrelevant, are documented......
NB: Check through university intranet slots, school boards, student unions + network with fellow students......
Is it not better to go with school accommodation pending when you know your way around?
Mindlog: I see no disadvantage in it, I am going in for a one year program starting this September and can't wait to finish, so I can switch to work visa because personally I truly can't imagine myself at the present doing a 2 year masters program!
Look critically at the two year option with placement
Politics › Re: Lagos To Build West Africa's Largest Tech Hub In Yaba by hustla(m): 10:07am On Jun 03, 2021
