₦airaland Forum

ojesymsym:
Your sense of patriotism and optimism is greatly admired.

You have a very positive hope for the country, even when you err, it is always on the side of positivity and optimism.

For a nation with citizens only interested in asset stripping and negativity, you sure make a hopeful exception.

Some of us do not have any option than to be optimism about the country because UK, Canada, US, Australia, Ireland will not be able to accommodate all of us. So some of us gotta remain here.

awesomeJ:
Student Hostels.

Schools have been shutdown for close to a year now.

youngmartha:
I don't have your time, grupo. So, "go and meet your pastor/imam" is the practical advice that I should have paid? If you can't help me, kindly read and leave.

Thanks

I don send you N1m. You never get the alert?.

DaBogu:
Young Z, I gave you practical ways to make money.

Why bother with him?. He wants the easy way. He thinks everybody here was born with a silver spoon. He does not know that some people were serving bricklayers at building sites or carrying load in the markets to be able to make money to pay school fees.

emmasoft:
Yes work is on it. It will be credited and for those with reinvest option it will be posted with the reinvest value date as 1st of January.
The extra is not paid immediately it will be in some months later. The extra for first half of 2020 ie Jan to June was paid Dec, 22nd 2020.

Why does this take such a long time?. We are now in IT age and things are even faster in Nigeria with BVN.

Do not even also see why those with payment option should take time if actually interest is accrued on a daily basis.

ojesymsym:
Sir, if you keep equating MBA with Forex, you may take same risk with same result. Most of these guys that claim to trade forex with consistent 20% do not really do any live trade.
During the early craze of Forex in 2007/08, there was a lot of hype about the magic of forex only for people to discover that the trainers only made money from training (like the executive class you say is starting on the 11th). Since that 2007 till now, I have never met one person that made money from Forex and did not lose it. Most lose their account, those who have some form of success will tell you that they were successful until they made a mistake and their account got blown.
Personally, I intend to have fun with forex as a pastime soon, but not with any amount more that $100.
Why am I taking out time to try to prevent you going into forex? Simple, because you have lost money from it already and I suspect you have entered that dangerous mode than gambler get into when they loose money, they always believe they can win it back, but in the process, they end up sinking deeper and deeper into more loses.
Since you are very busy with work, just close eye and buy Zenith bank shares, it is still at 10 EPS even at the high price it has even today.
Dec FG bonds was even 12% last month with 50 million be minimum subscription. You still get options bros.
I personally use to learn from the matured Barrytone moniker contribution, do not allow emotions and pride lead you into losing your life earnings, all those guys calling you bros in the area will be the first to start saying "wertin he use he money do sef".
I know it is not my money or business, but na God I take beg you, don't listen to internet marketers who promise you heaven and earth with forex. Remember your old principle of slow and steady.

Shuoooo. Why you dey beg am?. He talk say na him money he wan risk. So allow him to risk it. If one person own no spoil, another person own no go better.

ojesymsym:
In theory, they should be able to cash out but human nature is not usually like that, most times, they will plunge back both capital and profit into the scheme for the BIG KILL which will increase the risk of losing all.
Some others do not really withdraw it from their wallet, mistaking wallet money for money in hand.

Dem think say eWallet na like physical wallet.

jobark:
The smart investors gamed the mba system. They have “cashed out” more than what they put in and are on green. They have coasted home. It’s just for them to clean mouth and on to the next one.

The biggest “potential” losers (since Maxwell is still giving them false hope) are those who will have more money in mba forex than what they have taken out from the system when reality downs on them that the system has collapsed.

My sympathy goes to those who did the plan that only pays 50% ROI in 3months interval (most people started off in September), it was a well calculated strategy by Maxwell as he knew from the inception of the new plans that he wasn’t going to pay those category of investors a dime.

The early birds always cash out.

emmanuelewumi:
A retiree put N20 million, his retirement benefits into the scheme. It is obvious the man was not investing while working.

I hope the man does not die of HBP because of this.

Who advised him to put his money in such?. Any retiree that puts such an amount in such a scheme means he/she was not just a worker but must have been high up. So he/she should have known better.

seyisanya:
Stanbic has a minimum of $20,000 entry deposit and the same amount per top-up! United Capital has a minimum entry amount of $1,000 then subsequent top-up in multiples of $500. I think UCAP(investnow) has the best YTD rate(7.5%) in the dollar-denominated mutual fund market at the moment. FBNQuest minimum initial investment is $2,500 and subsequent top-up of $500.

VDF is not so clear to me. Oga Emmasoft to the rescue. I think you need an initial deposit of $25,000 but not sure of the subsequent top-up amount required.

I pray I don't get banned for this response

Is this Naira equivalent or raw dollars?.

ojesymsym:
A nation of excuses.
One guy's comment on a thread really struck me. He said that successful people in Nigeria are verbally attacked because they expose their incompetence and laziness. Attacking them is a form of way to justify why we are not as successful and so have to come up with excuses for our failures as a people.
The attack on Dangotte may seem personal and tribal sometimes but it is more of a self protective mechanism. A face saving measure for our failure.

In my place, it is called 'self consolation'.

mufutau55:
You know say nah your footstep I dey follow.
We both like better thing o. Long time ... How you dey Sir.

Hajji M.

Iam fine o.

Iam very impressed with this lady's work.

freeman67:
It should not be that way. Investor are given dates of rental payments for a reason. Millions of people invest in treasury and get their pay back on due date except it falls on weekends or public holiday. The due day for this was on a business day and it didn't come through. I had plans for the coupon and they have scattered it. Also the 2 days delay is to attract something too. If it is to be paid in batches collection would have been in batches too. Everything about the payment should have been arranged before now.. They had 6 months to do it for God sake..

I will suggest that you write to Morgan and tell them that you are taking up the case with DMO and CBN. With NIBSS, credit to accounts is now in seconds. How many people did the SUKUK bond that payments is in batches?. Companies have more shareholders than those that did the SUKUK bond and dividend payment is immediate to those with eMandate.

mufutau55:
Following...

Hajji M.

My Oga, you too don land for this place?.

Make i go hustle as i like what iam seeing here.

.

TransAtlanticEx:
to pour sperm either for girl body or your right hand based on soapy levels.

Chai. I be small pikin o.

9jatriot:
U de laff, after I don stake and confidently talk say u are now a man of peace, u non fit steal let the matter rest?
With respect to theories, what makes you think you were even the one referred to, I see more theories in Dexter than you. Say u get finance background or experience non mean say those wen de sell for alaba, ariaria or balogun market non fit teach u one or two things

No mind this Lazyyouth4u. I will go and remove all the 'likes' i have put on all his posts since the the day of the assumed change.

maishai:
NaijA, we so love bragging rights

I thought that war was over.......

Let's all try to avert the 1914 event rehappening in 1945

What happened in 1914?.

ahiboilandgas:
He couldn't not explain ....so we started checking all his payments.....2m advance for BMW.x3 ,1m advance payments for Peugeot 307 for wifey, 1m expense to brother for .marriage expense , 1m to cousin for marriage .....so I stop checking ....and concluded Nigga was forming rich and was outspending revenue ...

The problem is that most Nigerians always equate cash flow as profits. They think the account balance of the company is personal money.

Some years ago, a former colleague told us a story of his sister's poultry business. After his degree, he stayed with his sister while searching for a job. So he decided to help the sister manage the poultry business as she was complaining she was not making any returns from the poultry business. The guy decided to observe the business and discovered that the sister was always dashing uncles, aunts, church members etc eggs, chickens etc. At the end of the month, she will claim that there is no profit made. What did the guy do?. Anytime the sister tells him to give somebody any of the products, he will register it against her name. At the end of the month, he went to the sister and told her she is owing the business such an amount. The sister shouted saying that how can she be owing her own business. After further talks, the guy suggested an experiment of placing the sister on a salary or allowance and at the end of the month, there will be a net off of what she used as goodwill. After the first month, the sister's eyes were opened and from then onward, she became very careful is dashing out the poultry products.

https://www.nairaland.com/6314620/crowd-besiege-makurdi-stadium-ponzi

Nigerians getting scammed in ponzi schemes since 1900.

9jatriot:
Sir, does it sound insulting? If it is let me remove it cause dat is not my intent.

No ooooo. It is not insulting. Just too funny.

9jatriot:
Na wertin carry all of us come here too na, abi dem de pay some people here. Christmas de come and I never buy christmas cloth

Anyway, u de try. Apart from that initial system glitch when u de cuss upadan, u de contribute well and also not scared to ask difficult questions.

At least from the way u handle Dexter, u don de try more. After u draw the guy leg comout, u come slow down for his matter, but Ahib, u cuss am, cuss anyone when try to slow u down.

Anyway, make we non derail. Enjoy

Grupo:
Hahah. I dey fear abeg. They will easily trace. I am still too young to become a fugitive.

Cash out and then go and buy a citizenship in the Caribbeans and retire there.

igbizen:
I am beginning to like this lazyyouth
I like to buy you a plate of ise-ewu...No mind that guy way dey give analogy wey confuse my head

The guy get correct points. E be like say na when Ahib appear for forum, him head dey scatter. I dey suspect say he and Ahib drag one babe and Ahib defeat am or Ahib take him babe.

SamReinvented:
It’s quite ironic that you’re “pointing me” to threads, but you can’t “point” derailers to the appropriate threads for their discussions. I see you don’t get the point about order and following rules... Not that surprising though, as that’s sadly the bane of Nigeria’s existence. So your mindset fits.

Anyway... In order not to fall into the same hole that I’m cautioning people about, I’m ending my explanation here. If you still don’t get it, I can’t help further. Farewell.

Bye bye o. You will not be missed.

DexterousOne:
Well, each one with his different viewpoints and mindset

We all have our different aspirations and perceptions of how life should be, and I can understand that

There is a growing Nigerian expat community in Panama though, so dont think its something that is not already happening

Interesting. So what are the Nigerian expat community in Panama into?. Dem dey hustle or dem dey do professional work?.

DexterousOne:
Different people with different mentality
We all are not a monolith
And our definition of "sweet " differs from person to person
The general definition of "sweet" in Nigeria and amongst many Nigerians doesn't align with my own definition of "sweet"

Its something I would actually do if I could AT THIS MOMENT
And btw, living costs are not so "pocket destructive " in some of these countries
So what's the big deal

There are millennial doing their thing, that spend far less time in Nigeria than they do outside Nigeria

And as for the question below

How much can you possibly hammer as a young man in Naija to let you retire to those countries? Except you are a yahoo boy or a drug dealer running from the law.

My answer to it is in the post you quoted to make this question
As quoted below

"It just takes some years of serious hard work and frugality to get to that point though"

How many years is the "some years"?.

DexterousOne:
Now
For you to be In these countries i listed
You should remove "job searching" from your mind

Its either you have your online business (Freelancing and all that stuff)
Or you have passive investments that can fund your lifestyle
Please please and please
No one should go there looking for jobs o!

To some Nigerians, any country outside Nigeria na to hustle.

ojesymsym:
Una wan go dash another country 135 million naira because of passport? It's okay

Such people go dey claim say N135m is small money that cannot make you survive in this country.

Lazyyouth4u:
Cheapest for that citizenship thingy is around USD300k and it is for Caribbean countries. Note that the western world is waking up to these schemes and will begin rejecting automatic entry for holders of those Caribbean passports very soon. Yahoo boys, drug boys, corrupt politicians and other criminals are the guys rushing these passports.

The real deal is when you do the US, UK or other European country schemes and these cost millions of dollars.

In my opinion, anyone that is not super wealthy has no business with these schemes. Even using the cheapest at 300k, if you do not have a net worth of say USD3m, you have no business ‘purchasing’ a passport for over USD300k by making ‘useless’ investments in those countries. And with that net worth, getting a visa will never be an issue. You don’t even need to queue at embassies with that net worth. Your visa is fast tracked.

For the average Nigerian, whats the big deal in the extra scrutiny and interrogation at the airport if your hands are clean? It’s a cross that we have to carry as Nigerians and must accept. Some of us don’t mind. And it’s not every Nigerian that is interrogated at airports.

Ps: I understand the rationale behind getting these passports to relocate sha. Makes a lot more sense...

ultron12345:
$300K is quite high. Some Caribbean islands go for $100K. I agree with you that it might not make much sense now because of the high exchange rate, but back then when the exchange rate was much less, it would make sense to much more people. Afterall, some people spent similar amounts on cars

This is the analogy @Lazyyouth4u is saying. Anybody that can spend $300,000 on cars will definitively not have any problem getting a visa to any country in this world. Dem go even give you more than six months visa self.

Lazyyouth4u:
N48m is not enough to buy a house on Banana Island, send all your children abroad for secondary and university studies, fly first class and business class with your family members on vacations, maintain all the numerous money grabbing side chicks and oloshos, buy the latest Benz and Range Rover cars, care for illegitimate children, etc.

You need much more than 4m per month to be a big boy in Naija and that’s why they are still greedy for more and more money. By hook or by crook

On the bolded, the person can take some tutorials from @TransAtlanticEx. He seems to have a lot of experience on how not to spend much on them.

maishai:
My brother we Africans should find a way of appraising the grain grinders in our midst, In every organization I have been to and worked this attitude is rampant, when one looks into Europe and the developed world, they are littered with all sorts of award and recognition that all manner of workers aspire to other than money,

I'm not condoning theft and pilfering in any form but when workers aspire only for the monthly pay or money only, I want to believe this kind of thing results

If one checks out many factories and production facilities in the country, we see capacity utilization of less than 35% meanwhile same facility in Europe gives more than 85% capacity utilization, it's not really so much about the knowledge gap but that the developed world rewards individuals for productivity as opposed to in Africa where colleagues look down on those that are hard working as fools

There is an example of somebody given here that earns N4m/month and still steals from the company. Is N4m i.e. N48m not enough for the person to live a comfortable life?.