₦airaland Forum

ukay2:
For me, l continue with my

-Stocks and Shares ISA for dividend stocks and growth stocks,

-LISA to receive 25% of my contributions till govt stops contributing their own at age 50 (15yrs to go) and

-my NHS pension contributions till retirement.


I don't have headaches for BTL for now.

NHS pension is a good diversity bridge as it's a defined benefit schemme and tracks inflation. But it doesn't preclude one from a SIPP as you'd stil get the government rebate.

Your ISA (LISA, S&S) would be invested in the stock market plus the additional risks of picking individual stocks.

My looking into BTL is that it can be used as an outlet to diversify. But when compared to a stressfree global cap, is it really worth it?

Lexusgs430:
Before you start considering BTL, you need to fully understand the implications of nasty tenants, almost sending you to an early grave.......

If a S8 or S21 is issued, it could take you the better part 6-9 month's to get your property back (all the while, the tenant would be living rent free)......

Ensure you have access to about 5-9 month's cover, to bridge void periods.....

Government legislation is also hammering the BTL industry (ensure you're up-to-date with all implications) (for now and future).......

SIPP/ISA - With a SIPP, you cannot remove fund's, till you reach retirement age (the advantage of SIPP accounts), is HMRC credits you 25% of monies deposited.....

Property vs SIPP/ISA - Why not dip your toes in all ......🤣😂 (subject to affordability)........😁🔥

Hehe.. in an ideal world, one would want to maximise all - in a real world, there's the opportunity cost. The way I see it,

SIPP (max per yr 60k across board)- for retirement - good stuff is the government tax rebate for those contributing personally. If via a ltd co, reduces corp tax as its an expenditure.
ISA (max 20k): tax free and flexible - could be a bridge for early retirement or used to save funds for other things.
BTL: 45 - 70k initially (in most parts) if looking at a modest 3 bed with 25% deposit.

SIPP and ISA would for most be invested in same things hence the worry i.e diversification.

The op seems to have made good success of BTL contrary to the current predominant notion that BTL is 'dead' and small landlords are selling. Maybe cos he started early and had good tenants. With the new legislation plus rising entitlement of the average Brit, I can see how periods of non-payment can be a grave concern.

The public and politicians have set their eyes on landlords and just like Brexit, they wouldn't stop going until something breaks.

From little maths, a non-flat dwelling should average upto 3% (or more) increase in asset price per annum. Hence benefits would be asset appreciation, rental yield, leverage (both when buying and later remortgaging)

Cost wise - additional stamp duty surcharge, conveyancing e.t.c, repairs, LTD co fees, estate finder and mgt fee, insurance (building and void).

Currently my sipp and isa are in similar funds and would just keep it that way- when one gets a clearer insight of the BTL market.

Ralphlauren:
My first ever purchase was an apartment. Maybe one of the best £12,500 investment I have ever made in my life. Like you, I didnt want to wait any longer by saving for a larger depoait for a house whilst still renting.

..

Good experience..

I've been giving much thought to BTLs lately thru the Ltd co route. While I understand they are not as profitable as before, I wonder how they'd compare going forward against stress free and more tax efficient instruments such as global funds in SIPPs/ISAs in the longterm. Many now advise against BTL but I wonder if it's just the usual British moaning.

The main advantage of BTL I gather is that of leverage which you don't have with a SIPP/ISA. This leverage is more amplified in a rising market but I wonder if the next 2 decades would see same asset growth as the last.

From research, the sweet spot seems to be 2 or 3 bed for full home lets. The rental yield where I live averages between 4.5 - 5.5 %.

Two questions...

How would you factor in the additional stamp duty cost, void periods, chance of unruly tenants, repairs, estate fees and tax liability into your profit?

If you keep a SIPP/ISA, in your experience, how does a BTL compare yield wise

Interesting how quickly this thread has picked up. A testament to our increasing presense... Good stuff

maishai:
My dear Africa as a whole have to find a way to enforce accountability, the amount of money that is not accounted for in our system on a daily basis is humongous..... If you have done one form of business or the other you would be able to attest to this, even high brow areas like banana island, burdillon and maitama, we have sophisticated agberos with PhDs terrorising citizens and extorting monies in the name of taxes dat never gets to the coffers of government

While most of what you list is factual, we could list over 500 problems of investing in Nigeria and still not be done. Same with most nations at different times.

Point is progress has to start from somewhere. If OBJ was able to fashion it out despite even more challenges, it means it can be done. Subsequent governments should build from that.

EngrKemp:
Pls which reputable institutions do u suggest and what types of investment.
Note: I need the one for monthly roi and the percentage is?

Off the top of my head, I know First Bank, Stanbic, AXA and GT have theirs or affiliated entities. The major financial houses would typically have one as its a way of leveraging investors funds for more profit. You'd need to have a look at them individually.

Protection wise, each would have a fact sheet worth reading thru to see whats protected and to what extent. Also how often profits are disbursed. Last I checked - aside being SEC registered, it largely boils down to the trust in the manager/custodian.

Not invested in one as it doesn't suit my strategy.

Nakedman:
And First Bank was offering me 9% for 350days Treasury Bill on Monday. Thank God i Walked out on them.

It should filter into TBs soon.
Again, the issue with fighting inflation mainly by increasing rates in Nigeria is that it doesn't work as we are cash based with little credit hence it hardly has the impact on the common man we see elsewhere. It then opens the government to mounting local debt which they'd simply print more money to offset thereby causing more inflation.

chuksbobby12:
Nigerians and their low mentality , you have 35 million naira and you use it to do visa to another man's country to do petty and dirty jobs.. I mean 20 to 30 million naira. That's so foolishi , you can start a small firm , agriculture , real estate , poultry , fashion school , agro processing plant etc, there are thousands of things i can do with it and be successful . People run away from Nigeria because we are not producing anything , there are no jobs, we only import in the morning , afternoon and night , import import import . Running away with such amount of money is wickedness , use it and start something in Nigeria and employ 2 workers . If the multitude in embassies trying to japa can each , use the funds to establish small scale enterprises and employ one or two workers , the unemployment level in Nigeria will reduce .

When you have 30 million, you'd understand better.

Life is in stages

pansophist:
If you have 20M, you can actually study in Latvia for example, bring in your family, rent a huge flat, have a Schengen residence permit that gives you entry to about 30 European Schengen countries, and have peace of mind. And oh, you can work there, start a company, and play until permanent residency.

Nigerians, why only the UK? There are other countries out there that will not stress your life. You just have to start somewhere. Lots of Nigerians I have met in these places, will only visit the UK, and go back to maybe Poland.

If you are flexible with learning a new language, then life will be easy for you. I have visited the UK a lot, and surprisingly, I see more wretched Africans there than other small EU countries that most Nigerians would skip.

Guys in Poland, Slovakia, Finland, and Latvia for example are living in huge houses, paying less and having less stress. The world is bigger than the UK.

I see your point but finally, the UK is popular for a reason. Once settled, not many places offer better opportunities.

Same thing people say abt Lagos... why are people in Lagos when they can go to Damaturu and 'enjoy'?

EngrKemp:
Experts and knowledgeable people in the house pls I want an informed direction on how to invest e g N500k in treasury bill and be getting my monthly return on investment directly into my bank account.
REASONS!
I want to use the ROI as a support base to run my monthly activities.

Kindly advice on any bank or certified institution that manages such fund for people and pay them directly every month.
And how much is the monthly return on investment or %?
Again, I should also be able to stop the investment and with draw my money when I desire .


I await all possible response pls.

Thank you all....

If you want easy access with a regulated entity, that'd affect your yield.

Your best bet would be money market funds or saving instruments offered by different providers some of which have daily or monthly accuring interest. The safety here is significantly dependent on the provider + regulator.

Interest on TB is paid upfront and need some hoops to liquidate early

Another would be bonds - these are similar to TBs but longer term. Interest is usually biannually

In all, though a tentative sum, 500k would hardly move the needle when investing in the money market talk more of regular returns to live on.

Hehe.. chasing inflation... back to 2017 I guess. Hope this time it's different

maishai:
You see the average African hates work.... Let me cite another commodity called corn....Corn is mainly used as livestock feed, but when it was discovered that corn can be successfully used to make biodiesel.... what do you think would happen to the price of corn, it would go up.......

I wouldn't say we hate work infact, the opposite. The average African works as hard as others if not harder. Just like the prospects of a homeless child, with time, I've come to appreciate more the role macroeconomic factors play on everyday attainment of citizens for example, the borrowing rate for African nations being 5x their European counterparts, external stiffling of the few good leaders we have produced or paucity of good leadership are big issues. The Afcta with time should help us speak with strength.

In a capitalist world, the multinationals want cheap inputs and record breaking annual profits to their shareholders. Same issue is also seen in the West just that it's much worse here. We can't change the fact that just like 400yrs ago, they're here to profit at whatever expense. What we can change is how we regulate them, how much profit is retained locally and how that feeds thru the system for greater good. That's where government agencies come into play. I can't remember the last well thought and implemented policy that was followed thru since OBJs days...

[quote author=hustla post=126716525]How about this one? 55M naira to his wife on stage while in church

Prophet Jeremiah Fufeyin surprised his wife with 55 million naira cash for her birthday.

pic.twitter.com/uzGreTXPWX

— YabaLeftOnline (@yabaleftonline) October 30, 2023

... things dey happen.. and folks would chorus my father, my father!
Such issues was the reason I supported the ill fated bill that should have brought some form of accountability into the charity and religious sector. Finally, it was still members that fought it.

Regarding tithing, just like with most religious practices, it's for every Christian to decide. Whether its right or wrong:is not dependent on it being abused.


What worries me is the way we deflect holding people responsible for their actions when it suits us. Its now like a culture.

Its the reason lecturers would sleep with their students and boast about it.
Its the reason our president spent months in another country seeking health...
Why our senators earn more than many presidents of developed nations
Why many very police check points openly collect bribe
Why our military brutalises our civilian populace
Why a preacher would slap a lady in broad day light
Why a health worker may treat patients anyhow.

I can go on and on.... but the answer is simple- it's because nothing would happen.

For those promoting this culture when their liked party is involved, they should do well to remember that you cant have one and forgo the other.

hustla:
This is literally someone's Pastor
https://vm.tiktok.com/ZGJKnsbnW/

Fela sang about if for yearssssss, you think Nigerians will listen 🤣🤣😂

Thinking abt this and wondering if/why he put it out in public.

yolkman20:
Hello good people,

Trust weekend is going well.
I just did my tax return and my accountant was able to get me 3600k tax refund from the last tax year. I worked just 4 month as self employed within this tax year and I'm very wowed.

My people in construction, na like this he dey be?
I wasn't even expecting this much.

Hehe... there are some advantages that come with working as a self employed ir via a limited company... moreso the latter as tax planning can be much more efficient especially if you don't need the money at once.

grandstar:
Your view of foreign investment and trade seems to be based on fantasy and not reality.

Why should Nestle produce the milk it uses locally? Nestle is not into milk production. That its not its core competence. No where in the world does Nestle produce milk. It buys it from farmers. What is hurting Nigeria's forex is that the country does not export enough. The multinational does not owe Nigeria a duty to produce milk.

You protectionists focus on the demand side of forex and not the supply side.

Like you unkwowingly alluded with the EU, there is no such thing as a 'free market' in any part of the world. When you're being sold a 'free market' look who's selling and who stands to benefit. For countries who became self sufficient in exporting several items, it was not gifted by free trade but by the success of deft policies by their government in an ever competitive world.

The only major item we are self sufficient in both production and exportation is cement. Fact that was the result of an incisive move by the government says alot. For 400yrs that 'free trade' was imposed on colonised nations, it only yielded more poverty.

Take milk sufficiency for e.g. very broadly, A duty levy on imported milk while at thesame time excluding products made from locally sourced milk from VAT while not excluding other aspects such as farm inputs, security e.t.c. is a way to go. A high enough and sliding levy would force the likes of Nestle to dig into their profits to support farmers.

Blanket banning items like PMB did in the hope that we'd miraculously begin to manufacture them is a brain-dead approach that has never worked. Didn't surprise me when ethnic bigots here jubilated thinking it was going to hurt others. To achieve success, for each industry there has to be a well thought out, monitored and regularly reviewed policy with an end goal in mind. E.g cement.

I'm all for trade integration and less barriers but that has to be done from a position of knowledge and strength or we end up with another 400yrs of exploitation. It's the reality of the world we live in.

tushqueen:
Please how long does it take to hear from Canadian embassy when applying for a visit visa from the UK. The silence is deafening,no update in any form from them.

E dey tey... very long annoying process. If you've done biometrics, all u can do is wait.. I've seen 2-8months.

Good thing is the visa once approved is for the duration of your passport...

genkins:
As usual,they escape thru the back door when fact stares them in the face.
Guy,if u like give your money to your pastor ,las las na rolce Royce e ko de drive.
Use am knack ya mama,ya wife,your sisters and daughters...u ko still de call am..'my papa'...since sense is far from you.

Religion is a very bad thing .Nigerian version is an abomination

Dude... you need to calm down and learn to respond responsibly. In you workplace you'd be hyper nice to a cleaner but come here and insult people's parents.

It's interesting that an initial phase many fresh immigrants go thru is one that sees them insult and belittle Nigeria or worship the white man forgetting that they are a direct reflection of Africa/Nigeria. I've lost count of how many times its happened here.

@justwise do review

Phil46:
Oh thank you so much. In other words, it's not so realistic to process it from Nigeria, right?

On paper, a good chunk can be done while in Nigeria but most professional pathways are easier when the person is already in the UK.

It's still relatively new and I've not encountered anyone who has gone thru successfully. The wider house could help

CodeTemplar:
The buyers of cocoa do not owe farmers anything. In open market that's how it is. Even in nigeria, the middlemen milk the farmers with manipulation of market forces. They can feign lack of demand to drive prices down once the buyers are few.

Exactly my point- if the multinationals owe us nothing, then government intervention is key.

There is nothing like a 'free market or open market' in any part of the world. Multinationals and the economy is sustained on the back of government intervention. To what extent is usually the debate.

Just like the government did with Lafarge, a suitable move could be taken against the likes of Nestle.
Same thing with cocoa- wether its by reducing local taxation, forming an opec-like organisation, building infrastructure, introducing a special export/import levy in association with others and using same to incentivise manufacturers willing to set up shop e.t.c the government has to take moves to protect and build it's market

Wotowotoman1:
You will never find 0.3% mgt fee in Nigeria. In fact, no actively managed mutual fund anywhere in the world will charge that low. How will they cover their overheads? Only index funds/ETFs can charge that low as these are not managed funds…

Local mgt fees are exorbitant and are hardly robust. I remember asking recently if we have a traded index for the NGX but it seems there's none. Talk more of one that incorporates other continental and international markets.

I don't do active funds as I dont see the advantage.

CodeTemplar:
Comparative advantage to us, is just a textbook idea that our internal problems(corruption) will never let us really enjoy. Until we match learning with character and attitude, we are just rationalizing textbook concepts as solutions to issues. The Europeans had functional societies that allows production take place first before extortion comes ours is the reverse.

The issue here is that we have to start from somewhere.

I'm no fan of the monopoly OBJ gave Dangote but from a nationalistic perspective, its helped the nation gain sustainability in cement production else foreign companies would have still been telling us how corruption is the reason they can't produce in Nigeria but want to import and sell here.

The cocoa issue is one that has had more dispute of late. West Africa produces over 80% of cocoa. The multinationals are insistent on paying pennies to the farmers and have fought every move to pay a reasonable sum. They'd rather return and give 'aid'. African nations are not going get the production capacity of the West overnight. They have to build from somewhere.
It's largely how pure undiluted capitalism works and not just an issue here. Western nations have increasingly levied imports from certain nations hence incentivising/forcing producers to make goods locally and not import finished goods.

grandstar:
In your second paragraph, you mentioned a list of countries that have used protectionism to protect their local markets.

For Japan and to a lesser extent China, their mercantilist past and present is well documented.

I'm struggling to understand the point you're driving.
The utopia where there is free movement of people, goods, capital and freedom to establish and provide services has so far not been institutionalised across economic blocks. If it has, as a Nigerian, I can freely go to work in the US for a month and then port to Switzerland e.t.c. until we get to that point, every nation has to fight its course.

Free-trade and protectionism are not mutually exclusive. Every successful nation bar none has found the right mix for them.

In the West, the cliche phrase is in 'the interests of the US(UK/EU..) and our allies.' No one asks what these interests are. The US has toppled many governments to protect their interests.

Lets take the UK as an example. Pre-brexit, they had the resident labour market test for every work visa. Which simply meant that before any non-EU person was given a work visa, an employer had to satisfy there was no Brit/EU national willing to do the job- protection of labour. The UK FA at a point felt the premier league didn't have enough homegrown talent to the detriment of the national team and hence introduced the homegrown rule to force clubs to use locals. Recently, the UK and AUS signed a trade deal and the focal point was what effect it'd have on local farmers and how to protect them. There are millions of subsidies the western nations pump into their farmers and more recently electric vehicles e.t.c all to give them a global advantage.
If a company has only been interested in selling processed milk to Nigerians for decades at the detriment of our forex and with no thought of supporting local content as they do in their home nation, then I see no reason why the government cannot take a strategic move against them. Another is international aviation.

The issue is that mostly African nations are sold the utopia of freetrade when their resources are being exploited and have struggled to identify the everyday instances where the West protects its market. Moreso, when we practice protectionism, we don't do it properly. E.g African viation which is hamstung by exorbitant fees.

Dum20:
I asked them about the management fee, they said the management fee is spread across all investors, so would be negligible. What they are saying is that not one person will pay the 1.5% but is spread across the investors

Those fees are very exorbitant in investment terms.
I'd hardly consider anything with a management fee above 0.3%.

grandstar:
You want the country to go back to its vomit.

The reason why countries export is to have money to pay for its imports.

Imports aren't killing the country. It is the country's inability to export.

Ability to make things is engineering. The problem here is not engineering but economics.

First, when you ban this or ban that, it is not as much as you're encouraging local production. What you're really doing is disrupting the very efficient supply chain that that makes companies competitive and thrive.

For instance, you mention milk. You want Nestle to source milk locally. Are you for real?
If Nestle needs 10,000mt of milk locally, which Nigerian company can supply it? None. It will take decades and billions of dollars for the country to reach the level it would take to meet such demand.

I think you're conflating two issues here.. protectionism and free trade. Both are not mutually exclusive. The world is a competitive place and development does not occur in a vacum.

Japan, China, EU, Australia, UK, UAE, US, Malaysia/Singapore, India have had good economic development over the last 50 yrs. Pick any of those and I'd detail you several pages on deliberatw actions they took to protect their local market + labour and benefits it brought.
Even traditional allies like UK, AUS and US took years to recently eck out a trade deal as everyone was protecting their corner.

A country as big as Nigeria has to take deliberate steps to protect its market. Without that, our farmers have no chance of competing with those from Netherlands.

Free trade though with it's merits has many times been used to permit the exploitation of poorer nations by multinationals who are only interested in extracing raw materials at cheap prises or selling finished goods. Get their cocoa, sell them chocolate repatriate profits abroad and call them poor.

fullclub:
well i have to collect CV from those who came editing it with my info.


i know someone who got over 5 job invites within 2-3 weeks... this statement landed me here today.

I am talking of today.. not last year. this September to October.
not only me in this shoe. we have WhatsApp group where people are looking for job everywhere dry.

talk about yourself... first hand experience not others.


the house u talked about. its not like Nigeria. they require u to get a job first before they rent house to u. 80% of landlord will demand for payslip, UK landowner etc. even if u like have 12 month upfront payment once u don't have a job that covers 2 or 3 times rent they wont rent it.
i manage to get this place from a Nigerian, who had pity on my predicament.

I've been in the UK for years and every year, new entrants says similar things - there are no jobs, it's not like before e.t.c. Look closer and it's same story

Of course, the wider system and opportunities keep changing as is always the case but the unemployment rate has remained historically low.
Even in care where loads are going to, there remains lots of vacancies.

The first thing new entrants should know is that the UK does not revolve around university cities or the few towns with football clubs. There are whole counties that don't have universities. With care for example, most university cities would have a younger population and hence less care needs. 2-3hrs out, the demography changes quickly.

Regarding the experience listed, go thru my posts- I'm not for hearsay. The CV was looked thru by me. The person in question got interests even before arrival and had to dilly-dally and delay so they could arrive first. And this is as recent as can be.

fullclub:
Any job off 3 hours is no job. unless i will have to pay for rent in two places one for her n one for my self.
anything 3 hours will cost u more. like from London to my area is 30 pounds, going n coming but within 2 hours u got far less.
its seems states buses are cheap n subsidised to allow workers move to work anywhere but outside city are very expensive.

Although i have started looking for far away cities. yet non.

the warehouse job someone a Nigerian share contact was 5 hours away. spending 50 pounds on transport is not feasible

There are thousands of students + dependents looking for jobs around universities. How do you leverage yourself?

I know someone who got over 5 job invites within 2-3 weeks of applying on Indeed and that was even before stepping foot in the UK. There are opportunities, look for them.
Tailor your CV and cover letter. There are new AI tools that could help. Many of the things we put on our CV back home e.g sex, marital status, primary education are largely irrelevant here and make it look clunky

If your partner gets a fulltime job elsewhere, they can move there even if it means paying another rent. In the end, you'd be at least 1k better off as a family.

fullclub:
i won't suffer greatly. i have houses in different cities already in Nigeria. still running business bringing 1m. bur converting this money into pounds pays only rent

doing extremely well.
bought those properties by the grace of God. but disposing any more properties now? i can't.


A friend wanted to start same journey last week. but i told him honest opinion to back down.... give him detailed analysis all i have gone through.

so coming here is to warn Nigerians not to embark again... its no longer promising as before

Look at the bigger picture. Your dependent could look for work in other cities or counties with no universities. Apply widely. Next year, students would not be able to come with dependents hence pressure could be less.

In the longterm, once you or dependent get a job, you'd build from there.

Dum20:
They did not add the part below as seen on their website.

It is an[b] open ended Fund [/b]
The risk profile is “Aggressive”
The expense ratio is 3.5%
The management fee is 1.5%

Expense ratio and management fees are very high and would eat well into expected returns moreso when compounded. Nigeria is overdue large investment platforms/vehicles with cheap fees

adeolaspecial:
Thank you so much. Thanks for the words. I'll find my strength to look into this. Its going to be challenging, but nothing a human with determination can't achieve. I'll look into all the suggestions on here and see what would work better for me. Sorry i had to bother u all, just had to find a platform where i can pour out my mind and hopefully hear from those in the same country as me. Thanks

Alot has been said. Few things I'd point out.

1. You seem to have reached the maximum earning potential of your current role. Even if you spend 10yrs there, any increase in pay would only track inflation

2. Sometimes, the best investment to increase your income is to invest in yourself- A skill that gives you higher earning potential would see you earn, save and invest more.

3. It's worth clearing your CC debt before looking at investment opportunities. The interest you are paying on this (if any) would be more than interest from investments

4. Start working towards a mortgage- you have a family, your rent would only go up. Plan for the longterm even if it means moing elsewhere.

5. Following from point 4. A good investment for you and your wife would be to ensure you both use up your LISA allowance of 4k for the year. When you get to buy, you'd see huge savings there. That's the beauty of marriage and maximising its potential.

6. Network, identify a role that'd see you earn 40 -60k relatively soon with further growth down the line and invest in yourself to achieve that.

7. From your grammer syntax and past experience, you seem quite read. Those skills should count for something.

8. Personal choices differ but this is the UK. Family laws are greatly different. If you and wife earn same, no reason why you both cant contribute 50:50 to the family expense. A joint account for home expenditure perhaps.

9. Lastly, remember these are your productive years- this is when you'd build for the future- pensions e.t.c.

rmx:
You are correct , have a friend that lost over 200k$ in ghana Eurobond , for now . The interest was too enticing for him , 9.something % I believe

When you buy dollar funds they invest in all sort of dollar instruments , including Eurobonds of all sorts . It’s a basket, risk is less that way . It’s better to play it that way .

As of the time Nigeria was issuing eurobonds at 8%, most of the developed world was issuing theirs at less then 2%. The minister of finance then kept sadly repeating that their oversubscription shows confidence in the economy. I remember asking here how Nigeria would afford to pay back. Little did we know CBN had eaten deeply into our reserves.

How can Burundi afford to borrow usd at 8x the rate of Germany? A main reason why there is a long list of developing nations who have defaulted on their commercial loans.
The bond market today is much different today with the US benchmark rate above 5%. Most big investors can get relatively good returns on their cash without needing to delve into the murky waters of commercial debt by developing nations.

I agree, a basket of funds under one instrument is less risky.. but then, you have to deal with high management fees and trust the issuer.

Baseless accusations which I expect a judge to see through.
Likely this is all in quest for his estate.

The lady in question cannot be forced by the public to have a DNA test for her son. Mohbad himself did not raise questions about his sons paternity.

Imagine if it was peter of P-Square that passed on in his early days, the family would have heaped loads of baseless accusations on Lola.