₦airaland Forum

IchKampf:
Hello everyone,

I’m dealing with a persistent problem with ARM regarding redemption of funds from my ARM MMF account, and I need practical advice on how to force a resolution and/or hold them accountable.

Timeline of events:
.1 October 2026 : I submitted a fund redemption request. It stayed on “processing” status.
.6 October 2026: I emailed them about the delay.
.7 October 2026: The “processing” status disappeared from my transaction history and the money was returned to my MMF account. No explanation was given, and my email was neither acknowledged nor replied to.
..7 October (same day): I submitted a second redemption request. It remained on “processing.”
.9 October 2026: I called ARM customer care. The agent promised to call me back the same day with feedback and said the issue would be resolved ASAP. No call or update followed.
.12 October 2026: I called again and repeated the complaint. Another agent said she would give me feedback.
.13 October 2026: I called a third time. The agent told me the redemption was unsuccessful and that I should make another request. The “processing” status had again disappeared from my history with no notification or explanation. Instead, I only received a generic reply to my original 6 October email. I submitted a third redemption request the same day.
.15 October (today): Still no feedback or progress.

I need help with the following:
1. Which senior person or department at ARM can I escalate this to directly?
2. Is it advisable to escalate formally to the SEC, CPC, or other regulators?
3. Would it make sense to instruct my lawyers to take legal action at this stage?

Any practical suggestions or experiences with similar issues at ARM would be appreciated.

Thanks.

essentialone1:
This is the clearest warning sign yet, for Tier-1 banks.

*The headline numbers - H1 2026:*

- *OPay:* Revenue +136.50% to $467.1m (N623.8bn), Pretax +276.00% to $134.5m, Net +318.00% to $90.9m
- *Zenith:* Gross earnings -24.60% to N1.899trn, Net income -19.00% to N430.7bn (tax hit)
- *GTCO:* Gross +3.20% to ~N1.1trn, PBT +0.40% to N603bn, PAT -7.70% to N414.2bn, Fee income -9.00% to N123bn, Loan book flat at N3.14trn

OPay is now ∼33.00% of Zenith's revenue and ∼28.00% of its profit, from almost zero, just 4 years ago. 89.50% of OPay's revenue, is still from Nigeria.

*Where OPay is actually winning:*

1. *Distribution:* 50.1m MAU, 26.8m DAU (July 31), tripled since Q1 2024. 90.1bn transactions worth $558bn LTM. 800k POS terminals + agents vs 5 bank branches per 100k people in Africa.
2. *Lending pivot:* This is the real threat. New loans originated in H1 tripled to $927.6m (N1.24trn), 6.7m borrowers in Q2 (7x vs early 2024). Loan income $236.1m (+168.00%) is now its biggest revenue line. Outstanding $324.9m is still only 3.60% of Zenith's book and 14.00% of GTCO's, but growing 204.00%.
3. *Deposits:* 42m+ users with savings, $978.9m balances (N1.31trn) — NDIC insured, interest-bearing. That's cheap deposits, that banks are losing.

*Why GTCO's -9.00% fee income matters:*
OPay's transaction revenue +87.00% to $130.6m, while GTCO's fee income fell. Banks live on fees + cheap retail deposits. If salary, transfers, and savings sit in OPay first, banks lose the data, and the float.

Zenith's defense is working better — fee income +40.00% on digital, NIM widened to 12.40%. So Tier-1s can compete, but not with branch-led model.

*OPay's own risk is flagged in its October 9 NYSE prospectus:*
- Credit loss provisions = 25.00% of revenue (high-risk 100-day loans).
- Regulatory risk of rate caps
- FX trap: limits moving dollars out of Nigeria could block dividends to foreign shareholders

Bottom line:

It's not size, it's velocity. OPay has 66.10% of active users, across finance apps, in Nigeria. Banks still dwarf it, but the daily habit, has flipped to fintech.

Omayie:
God abeg o.
I don’t want to be a laughing stock

Rico1278:
Do zedcrest pay dividends to equity funds

Iamblessed8888:
Why did cowrywise stop their daily ASI summary?

Bluearrow:
Bitcoinn
I bought Bitcoinn in 2016 & forgot about my wallet. Despite the black swan & negative news that happened to Bitcoinn all these years, I never bothered. My friend we bought together sold when China banned cryptto because he was constantly monitoring. It is possible bitcoinn could have crashed, but I took the risk. Reason I said long term also has its own risk. When u constantly monitor your portfolio, fear will creep in & u are likely to make hasty decision. If u want to evaluate portfolio because of election, what will u do in d event of black swan in the stock market & u call yourself a long term holder? Lol. Go check how long Warren Buffet has held most of his stocks. Do I have investment I monitor, yes I do but for short term. There are fund managers I only install when I want to deposit, those are for long term. I don't keep their app on my phone.

I understand not everyone can handle long term. There are people that can't stay a day without checking their portfolio, those ones no fit do long term & na them plenty for here. So I understand the argument.

Bluearrow:
Long term comes with its risk & reward
This thing is self explanatory
If u can't hold an asset for a certain duration, it is short term. If u are holding long term, even when the stock market is crashing u are not selling, talk more of election. Your only responsibility as a long term investor is to invest in good assets, if it fails, so be it. But I can confidently tell anyone long term will make u the life changing money, there is a limit to how much u can make from short term.

megawealth01:
As seen on the internet

These are ways to make sustainable income without the high stress of "hustling" or the risk of entrepreneurship....

First, you need to study and understand the art of passive income. You also need to revive your faith in paid employment - no matter how little the monthly salary is and learn how to turn underutilized assets into revenue.

Someone like Tony Elumelu is always hunting for a new employer. Even Elon Musk recently took a job under Trump administration. Whether he took salary or not, he had benefits. I don't want to come here and lie to you like others - every intelligent person I know today is daily seeking for opportunities in organisations they don't control. That's why Dangote, Strive, Bill Gates etc still take Paid or unpaid Board Membership in companies they do not own. I sit on multiple boards, I earn from professional consulting and then dividends from investments before I ever look at profits from business. This is the secret why someone can run a business for 5 years without caring about profit while you are stressed out because your business feeds you but their business is for legacy.

Here are 16 realistic ways to generate income. I have divided them into four distinct categories:
1. Income from Underutilized Assets

Rent out a spare room: Use platforms like Airbnb for short-term stays, or take in a long-term flatmate. You can't be around me and live in a big house and I hear you are broke. I won't even talk to you.

Rent out storage space: Use your garage, attic, or basement to store other people's belongings via apps like Neighbor if you live in America etc.

Rent out your driveway: If you live near a stadium, airport, or commuter station, rent your parking space. Create a Car Parking Services website and let people book to park their car in your drive way. They do that in Johannesburg. I used to pay an executive car park service each time I am flying. They will come to the airport, pick up the car and drive to their home and they will bring it back when I return. Please don't do this if you live in Nigeria.
Rent your car: Put your vehicle on platforms like Turo when you are not using it. And yes, you can also put it on uber or bolt. Stop the big boy thing. In foreign countries, people who own Teslas and latest Mercedes dey drive Uber. Its only in Nigeria that someone with a 2010 car dey form too big to drive uber.
Rent out specialized gear: Monetize high-value items like cameras, camping gear, or tools through peer-to-peer rental sites. You can't own high value tools for your business alone. The same applies to churches. You can't be raising money for church rent when you can rent your auditorium out for events.

2. Low-Maintenance Digital Income

High-Yield Savings Accounts (HYSAs): Move your cash to an account that pays a high interest rate just for keeping your money there. As we speak now, Gemsbok has just secured a deal with a major bank where anyone who deposits USD into the account will earn interest in USD. We can lock the funds for a few months and return the funds when it expires. Find HYSAs and move your cash to them.

Dividend-paying stocks: Invest in established companies that distribute a portion of their earnings to shareholders regularly. Guarantee Trust and Zenith are currently the most dividend paying stocks in the Nigerian stock market. I am not advertising them but research more about them.

REITs (Real Estate Investment Trusts): Invest in real estate portfolios like stock, earning dividends without managing physical property. I do not buy land or properties again since I discovered that I can invest in REITs, earn from real estate portfolios without the headache of land scam and bla bla bla.

License your photography: Upload your high-quality photos to stock websites like Shutterstock to earn royalties when they are downloaded. I have said it a million times that I started making money in South Africa through Licensed Photography. Please search this page back to 13 years ago and see how seriously I took Photography. I took professional pictures of nature and I made thousands of dollars selling them. Shutterstock is still powering AI companies so they are distributing more revenue to sellers than Google even pays bloggers.

3. Maximising Traditional Employment

Find REMOTE jobs overseas. Stop wasting your skills and degree with excuses that there are no jobs in Nigeria. Omo, startups overseas are desperate to find skilled but cheaper labour. Upload your cv on job search engines and hunt for remote jobs. Take your LinkedIn page more seriously than you take your Facebook page. Get serious with building your professional brand and not just your business brand. Look at me or even Mr. Strive Masiyiwa, can't you see that we are building more than just business brands? Why do you think we keep pursuing education - MBA after MBA. For decorations? Even Peller don finally gree say School dey important. You can say you heard it from me - Peller has gained admission. See eh, it's not always about money. There's something called PROFESSIONAL BRANDING. You need a Profession, a career, to achieve it.

Internal promotions within one organisation: Join an organisation and focus on climbing its ladder rather than just building your own business. If you can't find such organisations in Nigeria, look for them via remote job search. I know many people who are doing son well today by rising through the ranks. It takes discipline.

4. Low-Stress, Routine Activities

Participate in clinical trials or research studies: Universities and medical institutions pay well for participants in psychological, sleep, or medical studies. I will share links to some of them in the comment section.

Take part in focus groups: Consumer research firms pay high hourly rates for your honest opinion on products or advertisements. But if you don't know them, how can you participate and earn? That's why you should stop scrolling through tiktok and start searching for economic opportunities.

Data entry or transcription: A lot of AI companies are paying so well to random people who help to train AI systems. You are using AI but others are training it and cashing out. You don't need technical know how. Sometimes, it just needs you to speak or sign or take pictures and send to the AI company. And you get paid. Simple tasks but good pay.

You see, there are many things you can do to earn money and be comfortable. Na you wey decide to hustle.

Which of these are you willing to implement? Comment and I'll help you with the information you need to get started.
Everyone will not succeed in business - that's the gospel truth. No Mentorship can help. Some of you need a total career switch. You also need to know that the people you respect are also employed. Tony Elumelu is NOT SELF EMPLOYED. Let it sink.

© Charles Awuzie

dammiecool:

This ur response u just want peace to reign.

I get ur point, one need to check companies' performances look out for new policies that might affect your investment. Long Term Investment is not just buy and forget or else person eyes go peel.

Bluearrow:
Without wishing to sound obnoxious, u are just writing long note for nothing. This thing is simple, if u are long term investor, u buy & forget for certain duration of years, nothing concern u with reevaluation. If u need to be reevaluating your portfolio because of election, whether to lock in profit, u are short term investor.

Bluearrow:
The bold is d meaning of longterm
You buy & leave for years
If u need to be reevaluating portfolio after short term, that is no longer long term. Imagine someone that bought stocks January 2026 is reevaluating portfolio December 2026 because of elections, that is not long term. If u are long term investor, nothing concern u with election, just keep buying.

Arizona86:
Does it really matter if you're a long term investor? I'm worried about the elections too, I don't know if I should pause all investment by December and wait for post elections to determine direction to go.

CSblackpink:
With the benchmark dropping to 23%, yields on Treasury Bills and commercial papers will fall. Institutional asset managers will move capital out of maturing fixed-income assets and reallocate it into the stock market to chase higher yields.

nickae:
expect between -2 to -3% across board.

CSblackpink:
Cool, I bought some shares of Dangote; however, the money I'm seeing from my foreign stocks is just out of this world. One thing have learned about stocks is just patience.

CSblackpink:
That is not my account.

Creditalerts:
Wahala

samueltemi337

So this imblessed8888 also know as samueltemi337

So na this small boy they talk to me anyhow ,chineke even my gateman get levels pass you

CSblackpink:
A round of applause for FirstBank.

doggedfighter:
First time I am seeing such.

Red Saturday and Sunday.

Iamblessed8888:
Same here. Can’t wait to just disappear off the radar

Aquilapriscilla:
I am new to this. Please Which bank is good for secondary market giving that primary auction has passed?

CSblackpink:
All my foreign portfolios are in deep Yakubu. Thank God I have cash at hand, and I keep buying the dip aggressively. My broker even credited me with $50 as a reward for topping up aggressively.

Kaila2008:
Zedcrest Wealth Equity Fund

Iamblessed8888:
Yes i agree. CS is quite something. Zed these days record red even when CS is green. But CS can never be red when Zed is green.

emekad2:
True investment isn't money doubling. If your money doubles it's because the business was successful.
But investment looks like gambling because I the uncertainty involved. That's why an IPO share can crash days later. But the uncertainty surrounding gambling and investment is where the difference is.
In gambling, for example, playing poker, you are putting your money on the bet that you will and can win the game. Although who the winner will be is uncertain. If the winner is certain no one would bet against a winner. So the uncertainty is on the product.
But I'm n investment, you are not in control of the yield bearing product and you might not even know how it bears yield but you're putting money the the product, the company shares, will increase in value because you believe in the management of the company. That is your bet to say so is on the Future Value of the shared and placing a confidence on the management. That's why it's not gambling.
But if you buy a token today believing it will pump in 3 hours and you sell, it is close to gambling but not purely gambling but speculation which is a relative

richforever123:
That is how they advices us to by space x ipo now, it has crashed, stock exchange is just an avenue to founders to cash out

astuto:
Can I invest in Stanbic Or GTB Treasury Bills from the UK?

Do I have to physically go inside the bank to fill out a form for treasury bills.

Please is there anybody who knows about this? I want to do the 91 day tenor.

Thanks in advance