Commercial Banks, Mortage Banks, and many other Financial institutions run into problems every now and then.
Barrings Bank went bankrupt overnight when one of their staff lost $9 Billion dollars to a bad trading decision.
You can say whatever you like - especially if you are a staff - I know too well that Hedge Fund Managers can run into problems due to bad investment decisions.
colp2015: The only legit way to invest in any company is through the Stock market.
Any other method is illegal.
Companies listed on the local stock market are the approved public companies. If you invest in any company through a private arrangement, there is no government policy or regulation that can secure your investment or mandate the partner company to live up to the agreement.
The best government can do is to liquidate the assets of the private company which does not mean investors will get their capital.
Both parties - investors and company - are culpable of criminal act, so investors are most likely not going to get their money back.
Hmmm, this is scary oh. So you mean Cowrywise fit carry my money ja...
chatinent: After school, I worked a while. I was this hardworking chap who wouldn't like any errors or queries attached to my name at work for any reasons. I came very early, did my duties in time, and due to my religious obligations as one of Jehovah's Witness, I was honest in all my dealings.
The job itself was a leopard’s tree. Since it was a private business, and the manager a very greedy man who loots the chief oga at whim, trust me, your honesty is a turn-off.
The work was becoming unbecoming and I couldn't continue wasting my life for a 7-5 job. It wasn't like the salary befitted the workload!
I had to quit!
I also had one small car I bought when I no dey think of anything. I sold it and used part of it to buy a land like that. I had saved some N800k already. So I paid my rent with N200k. So here's what I did:
I thought of a business that'll likely yield profit immediately, and around my budget. I had been to Togo and remembered how selling First Grade OK shoes was the new gold for students and people who wanted a side hustle.
I travelled down there then and returned with 100 pairs of OK shoes. As at then, I bought it for N370k.
N370k + logistics rounded the money up to N400k.
Now, I put the goods in one room in my apartment and the chase for a shop began. Since I couldn't afford those ones of N1m that where located at the heart of the business in my location, I opted for an affordable one.
In fact, everything for the rent was some 180k.
Omo, looking for a shop no bi beans.
I did the painting and decor, carpentry (learnt in school), and electricals (learnt in school).
Materials I bought was some N15k. I was left with N5k or less.
Breakthrough As I cleaned and sampled my petty goods, some customers were already purchasing. Mehn, after the whole stress that day, I made N30k.
In fact, it was then I said I wouldn't work for anyone and be answering “sir” upandan. I'm quite hardworking and in a short time, from retailing...I began ordering in tonnes and have a warehouse.
It has been easy as it is written here but I have seen people ask if N600k can make any profit. Yes, it can. I also do some side hustles like research writing, proofreading, hardware repairs on PC and tracking of lost devices, computer consultancy, and work as an academic assistant.
So I think it all depends on you! Maybe I have not reached the height I want to reach, just mehn, the way my life every year becomes better than the last no bi beans. As a first son, and to say my nuclear family bi like an extended family, I know I am trying...cos it's not easy at all to carry many people's responsibility as yours.
Funny thing is the way most people even try to deceive me into a relationship.
I always stylishly remove myself from it all.
As I dey so, na only peace of mind I need now. If e possible for me to not be sexually aroused till I've built my wealth and out of this country, I go really appreciate am...
colp2015: Both companies can veer off into a ponzi arena with their modus operandi. It is just a matter of time.
Any investment company that requires the public to invest funds with the promise of a fixed return over a period of time can veer off into a ponzi arena, their status with SEC irrespective.
To invest, the public is required to do so through the Stock Exchange Center.
Hmmm, this is so scary. And I've already invested 100k/month to be locked up in their account monthly for the next 1year oh! Shey I never enter gbege like this? 100k/month to be automatically debited from my bank to Cowrywise till May 8th, 2023.
And me no really dey find interest oh, na just safe locking of my money I actually need to help me save without the temptation of breaking my kolo...
colp2015: Both companies can veer off into a ponzi arena with their modus operandi. It is just a matter of time.
Any investment company that requires the public to invest funds with the promise of a fixed return over a period of time can veer off into a ponzi arena, their status with SEC irrespective.
To invest, the public is required to do so through the Stock Exchange Center.
A friend in my area also told me this the same thing. He persuaded me to put 500k then but I told him am not interested cos this is typical scam. That my friend sold his car and put the money. Now no car to carry his family again. He lost over 3m to the useless 86fb.
Relax I invested in the piggyvest and cowrywise too, it won't crash soon.. calm down.
When 86fb want to crash I know and I quickly withdraw all my money including my brother money I just told him that it will soon crash and he was suprise like why, I told him I dreamt about it that many people were crying that they didn't see their money, so I woke up and withdraw everything instant it took them 4 days to pay that is when I confirm that something is fishing.. say no to ponzi scheme.
But are they actually Ponzi schemes? I mean Piggyvest and Cowrywise.
GUNITGuy: I lost 500k to this schemes please You better use your money to buy goods and sell in a good market or train yourself in a good tech Skill than do ponzi
Ken4Christ: Some Nigerians will never learn. They want quick cash. One of such investors told me she will not stop. That the secret to profit from ponzi scheme is to be among the early investors before it crashes.
No mind her, she never see Ponzi wey open and close within 2hours.
Malory: Ponzi schemes! I reserve my comment since I lost 400k in MMM. Anyone who's foolish enough to be involved in anything ponzi should have him or herself to be blamed when it turns sour
What of Piggyvest and Cowrywise? Are they Ponzi schemes too?
Sabadon: Everything is shutting down in this administration
Make everybody kuku dey use the road as e be, worst of it all is that every tom díck and harry in politics is all about 2023, as though they make any meaningful contribution to the growth of the country when they get there, we all know its for their selfish aggrandizement
To comot their teeth just dey hungry me
I been wan even save my money for Piggyvest in dollars, but serious fear dey catch me...
Popular Nigerian singer, Habeeb Okikiola also known as Portable seems to be on a world tour as he lands in Turkey after the UK.
The singer, Portable seems not to be coming back to Nigeria anytime soon as he had taken a new route to another country, Turkey after his performance in London.
Recall that the Zazuu crooner was sponsored to the United Kingdom by popular socialite and business mogul, Emeka Okonkwo AKA ‘E-Money’.
Upon his arrival, Portable blasted his ex-promoter, Kogbagidi for refusing to take him to London when they were still together.
In a recent development, the singer has posted a video on Instagram of himself arriving in Turkey.
He asked if he is allowed to smoke weed in the country just like he did in the UK.
Anubis: all they can do is to embarass you, after a while they will start to beg you. send a whatsapp message to your contacts saying scammers are after you and that they shoud ignore them and carry on with your life
Danibonk: Bro take time ooo na me help you collect loan my own na to motivate you so you will not go kick the bucket because of debt
I dey feel you bro...no shakings. Thanks for the heads-up man. Those bastards no want make person get savings. Na so dem go just dey tempt and disturb person with loan offers upadan...
Pierocash: they are only good at threats,nothing more.
Bro, they left me alone. If you ignore their threats,and act like you don't care about their blackmail, after few months they will leave you. At some point they started begging me to even pay the principal amount and forget the interest,I told them plainly, " both capital and interest ,I no dey pay, put it in bad debt"
You be real weyrey! No mind them, after them don embarrass person generation finish. Stupid Nigerians, always thinking gragra fit solve everything. I shouldn't even be answering them again sef. Me even dey follow the threaten them as dem dey threaten me. Na to just ghost them be the final answer. Awon oloriburuku, dem wan build mansion untop my sweat, dem no go try rubbish again...
Pierocash: There was a time I was in your shoe, Okash, soko loan, Truenaira etc . About 15 of them.
They threatened,sent my pix to all my WhatsApp contacts,called most of my contact and insulted me.
I simply used that opportunity not to pay them,shikena. They said they will tarnish my image ,I told them I don't have any image in the first place,go ahead
Las Las Dem rest,na so I take flex my life till now.
Who never owe before,raise your hand
No hands bro! You mean they've left you alone? How much were you owing them then sef? I still find it hard to believe those guys can actually leave one alone. When one of my guys listen to the voice notes of their agents, fear catch the guy to borrow any money again oh
Events / Re: My Experience At A Wedding Ceremony by lebete3000: 9:05am On May 14, 2022 
