₦airaland Forum

manie: I think I will do well managing my investment than giving it to the so called professionals.

manie: If I may ask, how did you get the 3 million Naira.

etunoman76: Please I urgently need the help of any legal practitioners. I really don't know what I've gotten my self into.

I finished NYSC last year and two months later I was interviewed for a job at an Indian owned Pharmaceutical company. After two months I was offered the job as a Medical representative. My self and all other successful applicants were given a one-week training before we were all dispatched to our different states.

Among the employment forms we were given to sign there was a SERVICE BOND form which states that "I am to work with the company for TWO YEARS or pay a sum of 250.000" I signed because of the employment situation in the country and to be honest I was desperate I couldn't afford to be unemployed I had so many family pressures I was almost becoming depressed.

I am now on the job and my people I AM SEEING HELL!!! I work tirelessly my salary is less than 100k I spend a greater amount of it on transportation(Nature of the Job as a Medical Representative I Move from one place to the other) we were promised a car for mobility but this is almost 6months and absolutely nothing is being said about it. I am under the sun under the rain working. I hate complaining because I feel it is synonymous to being ungrateful but some days I can't take it I feel like quitting on the spot!

After I realised the service bond I signed I refused to sign the offer of employment letter (I still have it in my possession). Now I'm seeking a less stressful job because honestly this one is beginning to affect my health. How do I go about this SERVICE BOND please I really need help. I can't pay that 250k I can barely save up to 20k every month infact successfully saving 10k a month is a miracle! And I can't work for another 18 months I'm not sure I will survive. Please I need Your help!

http://news.naij.com/39768.html

alajimeche: Good day NL,i am new to this forum,i am particularly thrilled by the way ideas are volunteered here. i am a young man of 30yrs into paid employment with little or no time to run a business, i am looking for a business or a venture where i can invest my hard earned savings for a good,safe and secured returns.please i am not interested in Forex or any online business.

henrimoto: @mania. pls. what part of epe do u say one can get a plot of land 4 250k? and what is d distance btw d area and d lekki free trade zone area?

ololufemi: Dear Sir

Just buy Friesland Campina WAMCO Nigeria PLC and wait for about 6 months to one year.

You won't regret it. The longer you even wait the better (Dividends and price appreciation)

addictiv: pls ABC is a graduate from then university of Ife, now OAU.

Bokoharam: TOP 100 MANAGERS' ORDEAL: A SHAME ON ECOBANK NIGERIA!

Ecobank Nigeria yesterday displayed a show of shame when it transported its Top 100 Manager from Lagos, Nigeria to Lome, Togo by road.

1. Ecobank is an ECOWAS-spread bank with branches across West Africa.

2. Recently, it made a decision to identify and specially empower (by training) its TOP 100 PERFORMING BRANCH MANAGERS (out of over 500 branches in West Africa) in Togo, their regional Head Office.

3. About 60 of these Top 100 performing managers are from Nigeria, and as seen as those who are responsible for over 80% of the bank’s income/profitability

4. Ecobank decided to transport its best staff to Togo for a special training by Road, rather than by Air, thereby risking the lives of their best Managers;

5. To ‘add salt to injury,’ Ecobank rather than employ the services of top-rated road transport companies like ABC to convey her staff to Lome, Togo, chose to convey them via 2 (two) rickety Ecobank staff buses;

6. Around 1pm yesterday (Sunday, July 7th 2013), one of the Ecobank staff buses broke down, leaving Ecobank best hands in the middle of nowhere along Badagry;

7. The staff were asked to wait while another staff bus, which was never serviced/prepared for a long journey, was arranged to the scene towards Badagry.

8. As a result, Ecobank Nigeria Top 100 got to Lome by 1.20am the following day (i.e. today, MONDAY!);

9. Of course, a lot of the staff must have developed cramps from the long, terrible road journey.

10. Other countries flew their staff to Lome, but Ecobank Nigeria chose to ‘trek’ with their staff;

11. All the Top Management Staff who travel out of the country, always do so with First-class air ticket.

12. And lastly, it was learnt that, some of the staff offered to pay for their own air ticket to Togo (considering the risk), but the bank pressured them to go as a “team.”


Now, the questions are:

a) Is this how a company—let alone a bank—should treat their best Managers/staff?

b) Why would Ecobank not spend a paltry N40,000 to transport her best Managers by air?

c) What if there was a fatal accident, since road transport is largely not as safe as Air transport?

d) And what if they were attacked by hoodlums (some of the staff are ladies, pretty ladies I mean)

e) Did Ecobank not realize that these people were the ones generating the major chunk of their revenue/profitability before treating them this way?

f) Were they going on a secondary school kind of excursion?

g) Do this people value lives of at all?—Let alone those of their best hands?

h) ...etc


Is this act not condemnable? As Nigerians, we should learn to condemn evil because we do not know where it will ‘berth’ the next day.

Orikinla: Plan your wedding according to your budget.

For halls to use, you can use halls in secondary school or tertiary schools.
And some churches have affordable halls.

DON'T DO A WEDDING TO IMPRESS YOUR PEERS OR RIVALS.
BE HONEST TO YOURSELF AND YOUR LIFE PARTNER.

Redoil: people are buying base on their last result.

billyoung: I recently disposed of a valuable property and now have the above stated sum lying idle. I need advice on how best to invest this money. I am NOT interested in real estate for now. I need a moderate to high risk, high yield, short term investment. I don't need meaningless and pointless comments. I will be willing to meet with and discuss reasonable business suggestions and a handsome reward awaits whoever comes up with the best proposal. And be warned, i have the IGP on speed dial so any attempted scam will be dealt with swiftly and ferociously.
Bigboss80s@yahoo.com

billyoung: I recently disposed of a valuable property and now have the above stated sum lying idle. I need advice on how best to invest this money. I am NOT interested in real estate for now. I need a moderate to high risk, high yield, short term investment. I don't need meaningless and pointless comments. I will be willing to meet with and discuss reasonable business suggestions and a handsome reward awaits whoever comes up with the best proposal. And be warned, i have the IGP on speed dial so any attempted scam will be dealt with swiftly and ferociously.
Bigboss80s@yahoo.com

FrontPageLawyer: @OP don't get it wrong, there's no land in Ikorodu for N250. I'm a resident and have firsthand information. I live around Igbo oluwo axis, church b/stop and a plot of land there is 6-7 Million naira. Recently i bought half plot of land around Ewunren for 1.5M. The least you can get for now is between 500k and 800k and i bet it will definitely be around sagamu, Ogun state. Properties are becoming expensive in Ikorodu; the earlier the better, one cannot live in a rented apartment forever. i move in around 2008 due to economic situation and cost of rents in surulere, it took me one year to acclimatized, i was offered a plot of land for N2M and i vowed never to erect any structure in Ikorodu due to the obsolete lifestyle of the people, but now things have changed, same land i was offered was bought by another young man and recently i was informed he sold it for 4.5M

billyoung: I recently disposed of a valuable property and now have the above stated sum lying idle. I need advice on how best to invest this money. I am NOT interested in real estate for now. I need a moderate to high risk, high yield, short term investment. I don't need meaningless and pointless comments. I will be willing to meet with and discuss reasonable business suggestions and a handsome reward awaits whoever comes up with the best proposal. And be warned, i have the IGP on speed dial so any attempted scam will be dealt with swiftly and ferociously.
Bigboss80s@yahoo.com

waybaloo: wrong thread

rigormortis: all those ppl mentioned were born with a degree of silver spoon, some just silver plated spoons and others are pure silver spoon, why not mention those ppl who worked their way up by another means apart from the wildly lucky chance of being born into rich homes. dangotes son has no choice other than making "it"..........

manie: Elumelu was seconded from an issuing house/ Investment bank that packaged the recapitalisation of Crystal bank. Rasheed Ladoja was the Chairman of Crystal bank when they ran into financial crisis.

When Crystal Bank was recapitalised by the issuing house, BGL made sure that her clients/workers of BGL bought bloc of shares in Crystal Bank. This bloc of shares now became the largest shareholding in Crystal Bank.
Clients/workers of BGL now deemed it fit to nominate someone from BGL to lead the management team of Crystal Bank, so as to ensure proper management of their funds.

Elumelu was nominated as the MD/CEO of Crystal Bank and one of the things he did was to change the name to Standard Trust Bank. Elumelu was en employee at BGL.

Till today BGL and UBA still have things in common. BGL equally has substantial shareholding in UBA.


But shareholders were not happy with the performance of UBA under Elumelu. His era was the time of never ending extra ordinary or exceptional expenses. The returns made by the company never trickled down to the shareholders and workers except top management.
But things are getting better in UBA.

mobuch: It was not easy to come by at that time, but it was quite easy to access and raise that fund; am sure if elumelu's and ovia's were ttrying to start a bank in our era of 25 billion capital base, they would have found it extremely difficult and impossible to raise that fund. There are still a lot of young chaps with the mindset of those guys who want to start up new banks in our era but the capital requirements is a very serious barrier.

The truth of the matter is that, the ovias, the elumelus, the petersides etc, took advantage of a very porous system and very easy to raise capital base, if those opportunities didnt present it self at that point in time, maybe, these new generation banks may not be existing.

Now, there are still some other sectors that would soon become a boom in few years to come; it now falls on the young savy chaps of this era to identify and exploit the porousness of those sectors to their own advantage and become the golden boys of their generation and era.

Jarus: Stories of young and successful that interest me more are those that never had headstart in terms of being put there by their parents or so (e.g Paddy Adenuga, Kola Abiola, Ladi Balogun etc), but those who were just average Joes and rose to high positions at young age.

Look at:

Atedo Peterside, founded IBTC in 1989 at 32
Fola Adeola (at 35) and Tayo Aderinokun (at 34) founded what is GTB today
Herbert Wigwe and Aig-Imhoukhude, both left GTB at 34 years of age, to found Access Bank. When they left GTB, they can't be less than AGM. So AGM at 34 was an achievement on its own.
Tony Elumelu was in his early 30's when he co-founded STB and became CEO.
Jim Ovia was also in his 30's when he founded Zenith Bank.

All these guys (except Wigwe and Aig) founded these banks 1989-1990. Before that time, we had the old school banks (Union, First, Wema, Cooperative, Savannah, UBA etc), later dubbed First Generation Bank. These guys, most of whom, were working in these banks, probably thought there were more innovative ways of providing financial services than what these conservative First Generation banks were offering. That's an opportunity. Pronto, they explored it, and coupled with IBB's liberalization policy of the era, they established the banks. A couple by the old folks (Adekanye, Osayemah, Femi Ajayi, Duro Emmanuel etc) failed, but these young guys' became mega successful.

Atedo Peterside came back from LSE and realized merchant banking as was practiced in Nigeria was still crude. That's an opportunity. He floated Investment Banking and Trust Company (IBTC) in 1989, to do just one thing: investment banking. He made it.

I think it is about recognizing an untapped opportunity quickly and grabbing it.

manie: Fola Adeola and Tayo Aderinokun never had influential parents. Fola went to Yaba Tech, while Tayo went to UNILAG.

They were prepared and made good use of the opportunity when it came.

Babangida liberalised banking in the early 90s, the banks in Nigeria prior to the liberalization were FBN, UBA, UBN, Afribank, NAL, FCMB and some regional banks.

Some bankers with entrepreneurial mindset made good use of the opportunity by starting their own banks even though they did not have all the money.

GTB almost missed the deadline for the establishment of their bank if not for the investment made by a renowned Prof. Of Geology, Prof. Oyawoye

Jarus: Stories of young and successful that interest me more are those that never had headstart in terms of being put there by their parents or so (e.g Paddy Adenuga, Kola Abiola, Ladi Balogun etc), but those who were just average Joes and rose to high positions at young age.

Look at:

Atedo Peterside, founded IBTC in 1989 at 32
Fola Adeola (at 35) and Tayo Aderinokun (at 34) founded what is GTB today
Herbert Wigwe and Aig-Imhoukhude, both left GTB at 34 years of age, to found Access Bank. When they left GTB, they can't be less than AGM. So AGM at 34 was an achievement on its own.
Tony Elumelu was in his early 30's when he co-founded STB and became CEO.
Jim Ovia was also in his 30's when he founded Zenith Bank.

All these guys (except Wigwe and Aig) founded these banks 1989-1990. Before that time, we had the old school banks (Union, First, Wema, Cooperative, Savannah, UBA etc), later dubbed First Generation Bank. These guys, most of whom, were working in these banks, probably thought there were more innovative ways of providing financial services than what these conservative First Generation banks were offering. That's an opportunity. Pronto, they explored it, and coupled with IBB's liberalization policy of the era, they established the banks. A couple by the old folks (Adekanye, Osayemah, Femi Ajayi, Duro Emmanuel etc) failed, but these young guys' became mega successful.

Atedo Peterside came back from LSE and realized merchant banking as was practiced in Nigeria was still crude. That's an opportunity. He floated Investment Banking and Trust Company (IBTC) in 1989, to do just one thing: investment banking. He made it.

I think it is about recognizing an untapped opportunity quickly and grabbing it.

lacasa: Most of the names i read here had very influential parents and guardians who most likely than not facilitated their access to vibrant sectors and quick rise to the top.


Compare them to enterpreneurs like chris gardener and oprah winfrey who came from modest if not wretched backgrounds to the top of their respective trades.


Bone that thing abeg!!! Na silver spoon tinzz

Jarus: Stories of young and successful that interest me more are those that never had headstart in terms of being put there by their parents or so (e.g Paddy Adenuga, Kola Abiola, Ladi Balogun etc), but those who were just average Joes and rose to high positions at young age.

Look at:

Atedo Peterside, founded IBTC in 1989 at 32
Fola Adeola (at 35) and Tayo Aderinokun (at 34) founded what is GTB today
Herbert Wigwe and Aig-Imhoukhude, both left GTB at 34 years of age, to found Access Bank. When they left GTB, they can't be less than AGM. So AGM at 34 was an achievement on its own.
Tony Elumelu was in his early 30's when he co-founded STB and became CEO.
Jim Ovia was also in his 30's when he founded Zenith Bank.

All these guys (except Wigwe and Aig) founded these banks 1989-1990. Before that time, we had the old school banks (Union, First, Wema, Cooperative, Savannah, UBA etc), later dubbed First Generation Bank. These guys, most of whom, were working in these banks, probably thought there were more innovative ways of providing financial services than what these conservative First Generation banks were offering. That's an opportunity. Pronto, they explored it, and coupled with IBB's liberalization policy of the era, they established the banks. A couple by the old folks (Adekanye, Osayemah, Femi Ajayi, Duro Emmanuel etc) failed, but these young guys' became mega successful.

Atedo Peterside came back from LSE and realized merchant banking as was practiced in Nigeria was still crude. That's an opportunity. He floated Investment Banking and Trust Company (IBTC) in 1989, to do just one thing: investment banking. He made it.

I think it is about recognizing an untapped opportunity quickly and grabbing it.

Jarus: Stories of young and successful that interest me more are those that never had headstart in terms of being put there by their parents or so (e.g Paddy Adenuga, Kola Abiola, Ladi Balogun etc), but those who were just average Joes and rose to high positions at young age.

Look at:

Atedo Peterside, founded IBTC in 1989 at 32
Fola Adeola (at 35) and Tayo Aderinokun (at 34) founded what is GTB today
Herbert Wigwe and Aig-Imhoukhude, both left GTB at 34 years of age, to found Access Bank. When they left GTB, they can't be less than AGM. So AGM at 34 was an achievement on its own.
Tony Elumelu was in his early 30's when he co-founded STB and became CEO.
Jim Ovia was also in his 30's when he founded Zenith Bank.

All these guys (except Wigwe and Aig) founded these banks 1989-1990. Before that time, we had the old school banks (Union, First, Wema, Cooperative, Savannah, UBA etc), later dubbed First Generation Bank. These guys, most of whom, were working in these banks, probably thought there were more innovative ways of providing financial services than what these conservative First Generation banks were offering. That's an opportunity. Pronto, they explored it, and coupled with IBB's liberalization policy of the era, they established the banks. A couple by the old folks (Adekanye, Osayemah, Femi Ajayi, Duro Emmanuel etc) failed, but these young guys' became mega successful.

Atedo Peterside came back from LSE and realized merchant banking as was practiced in Nigeria was still crude. That's an opportunity. He floated Investment Banking and Trust Company (IBTC) in 1989, to do just one thing: investment banking. He made it.

I think it is about recognizing an untapped opportunity quickly and grabbing it.

aduhube: With the expansion of Ikorodu road going on presently, it takes about 10 minutes to drive from Ketu to Ikorodu.

manie: I think the guy must have been hardworking or business savvy enough to have contributed 70% of the cost of the car, before I can give him the outstanding 30%.

I can buy good stocks and real estate for my children, but if the child needs a car he should be able to afford 70% and the child must have extra cash for further investments and maintenance of the car.

After my NYSC in 1998, my father told me that from 1999 I would start paying rent and NEPA bill for the apartment I stayed. Can you believe that I paid a subsidised rent to my dad for 6 years before I moved from my fathers house.

But the guy was kind enough to have returned 90% of the money paid to him as rent over the years, I was wise enough to invested this windfall into real estate.