I just got my alert of my last year TB investment and I cannot say I am happy to receive money. One of the first alert I de receive for life and I non fit smile becaue that particular money cannot be put in NSE or any unguaranteed income. As CBN has tasted blood now even their SUKUK and other bonds will be single digits also if not decimal places sef.
awesomeJ: Like they say: "Witch die yesterday, child cry today" Who no know say na 0.3 T-bills trigger NSE circuit breaker!
emmanuelewumi: There was no loan from First Bank jare. The guy got an interest free loan from his employer and probably loaned it to the customer at 24% and also did fast deal with with the customers fund ie the Treasury Bill purported to have been used as a collateral
Kindly be informed that the Index Circuit breaker has been triggered, thus all Securities on the All Share Index (ASI) will be suspended for the next 30 minutes.
Valueinvestor: I hope it’s not a circuit breaker sha as people dey use BULLION van to pack money for this BULL
Just like I suspected, you were and are acting on compassionate grounds. Okay give them till tomorrow as the ops Mgr said, but what happened to the initial 12 o'clock deadline?
I just left first bank's head office in my state and I spoke with the operations manager.
[b]She begged me not to write to first contact and copy cbn that the guy is a family man and that his salary and position is too high for what he is doing. She said he will be fired if I SEND that mail tha[/b]t I should give her today and tomorrow to talk to the guy and let him know the implication of what he is doing and that everything will be reversed and she took my number. Meanwhile,I tried printing out a new tbills cert but the lady in charge told me she can't print as it has expired in september but she checked her system and gave the the date I invested and the date it expired.She asked me a few questions and said she will mail treasury head and copy the guy to find out what is happening. Good thing is "he is still their staff and not yet fired" cos someone said earlier here that I should pray he is still with them The operations manager also confirmed he is having marital issues right now but also said it is not enough reason to tamper with my money.
No ma, you could have just sent mail stating the date you expected it to mature, they will do their own investigation and tell you the correct date if you are wrong. I get it sha, u don't want to be the reason the guy is gets query at work or eventually loose his job.
tracyorez: I wanted to send it last night and realised I have to include date I invested and expiry date which I need the print out to confirm first. So I will have to go to the bank and get another print out before I can proceed with the mail that was why I gave him till 12 noon. I see that he is shivering so like you said earlier,the loan may not be connected with the tbills which I will find out from their head office today,when I go for the print out because I will ask for a manager and report the case to him or her first. And he will have to explain how the alert of 500 plus he credited me with came about cos thats not the account on the tbills certificate. I will post update here You guys have really been helpful so far. Thanks all.
LOL... u don come again. Anyway, non be every story be fake. There are far more people who are lax with their accounts than you can imagine. Most people are afraid to be the reason why someone not serious with their job eventually lost the job and so will hesitate to send emails like she is doing right now. My own experience some years ago made me not to border going to the bank for situations like this, just send email, the email de go head office so na the branch manager himself go call you with abeg ma.
TransAtlanticEx: The story is fake bros. Which woman will have 4.5m at stake and still come here to shalaye rather than going to the bank? She dey find attention simply
There is no benefit of doubt here, officially she has no business with the said guy per say but with the bank. The guy is just a representative of the bank.
abraolas1: Perhaps she is giving him benefit of the doubt ...but as you rightly say something fishy is going on ......
12 Noon is not too far for him to redeem himself by paying all the money .......all the crying is just to play the emotional card ,first he has a issues with his family now he is in the Hospital .
I have learnt one or two lesson from the whole scenario
You are still on "will", that mail should have gone out last night.
tracyorez: If I don't get my full alert,I will go to his head office and report to his superiors and If I am not comfortable with the reply[b] I get,I will mail their head office[/b] in Lagos and copy Cbn.
Jeez... U handed your account to an account officer to such an extent. Hmmmm. I am sure he must have sent you an indemnity form at one stage of this friendship.
Account officers are not supposed to be your friend, always keep the relationship official. God forbid you die or he even kee u das how he will transfer the money to his account.
tracyorez: I have googled cbn and first contact email.i will send a mail tonight. I am really disappointed in that guy.i trusted him and made all my transactions go through him and tipped him alot as my account officer. I trusted him to the extend that I will call and ask him to transfer money to someone and he will do without me coming to the bank to sign. Well,life itself is a lesson and I have learnt more.
Is it possible for a bank worker to sign on a customer's behalf? Not sure of that. Send email to firstcontact... Google their email and ask why your tb has not been paid to you. Do that this night, it takes about 2 days for them to respond so the earlier the better. I suggest you talk about your TB and not the loan as I want to believe the 2 transactions are separate from each other, if they are not let them be the ones to tell you how they are related.
tracyorez: He called me to come and official write for it to be cancelled 2 weeks ago at a branch that was very far from me,I then told him to write on my behalf and sign with my initials which he called me back to tell me it was done that it was just a matter of days. This is 2 weeks ago. I even tried withrawing from the loan account October ending and discovered that it has already been blocked with the complete money in it. They blocked it and still held mine.this is just plain wickedness.
Sir, many of us are forever grateful to you for initiating this thread, it was an eye opener for many of us. It was good while it lasted, nothing last for ever.
feelamong: The days of high returns on Treasury Bills are dead and buried.
People here should look out for the new Finance Bill about to be presented to the national Assembly by the FG.
The amount spent by the FG in debt repayments is too high and they cannot afford to allow interests on govt borrowing to be high again.
Time to play the NSE , NYSE, Cryptos or just be ready to accept low rates on your TBills.
I hear they have a whatsapp or telegram group where they fabricate stories like this. Almost 20 days later in a supposedly bloody massacre this is the first time we are hearing of police dagger and knife.
I think it is high time someone writes to these international agencies and get them to start seeing some of the holes in her story and how desperate she and her likes are trying to sell the Lekki massacre, otherwise they will start believing her lies on face value.
thebosstrevor1: Police stabbed him on his throat and he is alive to tell the story.
1. Her initial story was that the military shot and killed 78 people
2. Later she rearranged the number to 15 people
3. She said the military killed 15 protesters
4. She said she took the bodies to the military and they took away the dead protesters.
5. She testified before the Canadian Parliament that the military shot at people and left, but said nothing about her taking 15 dead bodies to the military personnel or how witnessed the removal of the dead protesters.
6. She stated that the military left and about 40-50 minutes later, the police came and killed more people.
Now, see how her story is metamorphosing by the minute and by the hour?
How did the Nigerian police killing protesters all of a sudden showed up in her story?
Is she now saying after the military killed 15 protesters and left with the bodies, the Nigerian police showed up to kill more protesters 40-50 minutes later? And what happened to the bodies? How many did the Nigerian police killed and what happened to the bodies? Did the Nigerian police took away the bodies too?
This girl is the most horrible liar in the world, her story keeps changing and getting more and more absurd and ridiculous.
My friends and I bought a 50 bed hospital just by paying 20% while the bank paid the remaining 80% after going through our proposal on how to pay back the loan in 5 years. The loan was paid back in 4 years.
Comeandcollect: Good morning everyone, I would like to ask if buying these properties located at Ikota Lekki is a good investment, I was told the annual rent on a 4 bedroom duplex in this location is between N3 to N3.5 million a year. My questions are; 1. Is the rental income in these areas up to that amount?
You cannot imagine my shock to learn during this crisis that it is actually Oyigbo and not Obigbo, a name I had know since around 2008 was a wrong name? Really strange.
IkwerrePikin: Oga it’s Oyigbo not Obigbo what is wrong with you igbos?
You see how you invite hatred for your people?
How can you rename a local govt area oyigbo to obigbo?
What kind of expansion is that? Is South east not enough for you people?
When we call you people attach by force you will get pissed.
The people of Oyigbo have never called it Obigbo or written to the Rivers state house of assembly to change the name to Obigbo, it’s only you igbo migrants that keep calling it Obigbo, what kind of foolishness is that?
Hmmmm. Democracy is like popularity contest and not based on track record of having handled multi million naira not to talk of multi billion USD. Hmmmm
ultron12345: God bless you. All this is exactly what the DSS is supposed to be doing, and not these petty jobs that bring them down so low.
If you try to make everyone happy, you won't get anywhere. That is one reason why China has developed so quickly, they do what needs to be done, they no dey look anybody face.
Take Obasanjo and the telecoms industry for example. If he gave into the oshiomole-led labour union protests back then against privatizing NITEL, we would probably still be complaining about telecoms today the same way we complain of electricity.
Democracy does not work. If you are flying in an airplane, how would you want the pilot to be selected? By experts in the aviation industry or by just any random set of people. Of course you'll pick the former over the latter. Why then do we all just any random set of people select who leads society. How can any random set of people select any random person to manage an economy worth hundreds of millions of dollars? Even a $1M revenue per year company won't be that reckless. It will last last lead to demagogury. Telling the masses what they want to hear. . We need to increase the requirements needed to vote in our elections. An illiterate cannot decide for society.
If a doctor and a bar owner are competing elections for example. The bar owner will say "don't vote for the doctor. He gives bitter liquids to drink, painful injections, causes you suffering, tells you not to eat and drink whatever you want to eat and drink. Vote for me and we will have massive feasts everyday". How do you expect the doctor to reply to this "I did all those things in order to help you". Imagine the outrage such response would cause, even though he's actually right. They'll eventually Elect. the bar owner, and then all get sick and die. But if only sensible people were allowed to vote, they'll have seen through the sugar coated promises of the bar owner and gone for the doctor.
Majority of the time, the masses so not know what is good for them. So therefore, those who know what is good must do it by force.
That is how some foolish Nigerians were celebrating Buharis promise to make N1=$1. Sensible people would have known it wasn't sustainably possible, and even if it was, it won't actually be a good thing. But no, the masses were clapping and cheering. Anyone who tries to talk about the viability of such promise would be called enemy of progress.
Why would you want to punish a company because they are making profit. This won't fly. The national insurance scheme has to be expanded in some way, but that will mean having a strong database
ahiboilandgas: health care should be through a universal health insurance debited through our recharge cards example if i reachage 100 I will get 90 then 10 naira remited to the National insurance fund ..imagine that x 80m lines ....this funds will be use to provide certain health service and to open a heath development bank to fiance buiding and operation of Large hospitals at very low interest....
ultron12345: Which ASUU? ASUU that I will break up in the first week if I am president. How can employees be dictating to their employers? If they don't like their employers policies, then they can resign. Do they try this rubbish at private universities?
Give a live broadcast Tell all ASUU members to report back to work the next Monday. Give all ASUU executives at the national, state, and university levels 48hrs to publicly resign from their ASUU positions and denounce the union. Tell them that those that fail to report back to work (without good reason) and executives that fail to resign will be sacked and sanctioned in the following ways. Passports seized or rendered invalid. Their bank accounts will be frozen. They will be forever blacklisted from working at any government owned institution in Nigeria, be it federal or state. Any state that goes against this and employs any blacklisted staff will be made to forfeit their monthly allocation. The blacklist will also extend to the private sector. Any private entity that employs them will be sanctioned. If you as a bank employment then, then get ready to say goodbye to all government accounts and funds in your bank. If you as a construction company or auditing firm hire them, get then say goodbye to government contracts. Not only will government business be taken away from such private firms, government business will also be taken away from other private firms that patronize these sanctioned private firms. The DSS can even get involved to make ASUU top executives start "disappearing" and getting "kidnapped by unknown gunmen"
ASUU go fight you if they are this your recommendations
ultron12345: My opinion on this is that the only the government should be funding is basic education (primary and secondary schools only. Universities must be paid for, though a limited amount of scholarships should be available for extremely intelligent students to attend them), healthcare (paid for through a special healthcare tax charged on all income) , defence/security and internal roads. Every other thing should be given off to the private sector, airports, airlines, interstate expressways, water supply, power supply, telecoms, should all be handled by the private sector.
Most feasibility studies in Nigeria always return persimistic recommendations as a failsafe measure not to be told their feasibility study was poorly done. Vodafone would have been in the Nigerian market today but because their feasibility study told them.most Nigerians are poor and cannot afford the GSM they refused to invest. Today Mtn and co are reaping the benefits.
Back to hospitals, I still think it is doable. Most hospitals do not have all those consultants on ground, rather they are scheduled on appointments, so the main cost will be on equipment and resident doctors. These hospitals can put a layer of payment between them and the patients by using insurance companies. I don't think anyone uses this model. Insurance companies take over payments of the patients while they in turn pursue those who need to be pursued.
Lazyyouth4u: I am guessing you are talking about world class tertiary care (specialist) hospitals like what we find in developed countries. The answer is huge capital outlays and high running costs that can eat all the hospitals revenues. To build a 50 to 100 bed world class specialist hospital, location is key. For Lagos, you are looking at areas that are accessible to the wealthy that can afford the services so we are talking Ikoyi, VI, Lekki, Ikeja and maybe Yaba and Surulere. Land doesn’t come cheap. Specialist equipment are very expensive and get obsolete very quickly so you need lots of cash for frequent replacements. You will need to hire world standard specialists and surgeons to relocate and live in a ‘shit hole’ like Naija. Their salary requirements, accommodation costs and benefits/allowances in USD are huge. Don’t forget security costs and generator/fuel costs as you need 247 electricity. Also, you need to set aside lots of cash to run the hospital and pay huge salaries in fx to your expatriate doctors and specialists while the hospital’s patient base ramps up to break-even levels. We are talking at least USD25m to USD50m here.
By the time you put all these into consideration, some patients will find it cheaper to just travel to India for their procedures because the fees charged in Naija will be huge due to the high running costs. Then you have the poor members of the churches (and the public) that require specialist care that the hospital cannot afford to turn back for reputational reasons. Put all these into consideration and you are staring at huge losses.
Many of these organizations have carried feasibility studies and due diligence on these projects but changed their minds last minute due to concerns around commercial viability. For example, a couple of years ago, AXA Mansard planned to build a 150 room world class specialist hospital and even received debt and equity financing from local and international organizations like IFC, Africa Capital Alliance PE fund and ADB. But I don’t think this worked out as I haven’t heard anything about the project in a long time.
There is a huge demand for specialist care and there are some decent and semi decent specialist hospitals scattered around Lagos but these are in no way comparable to what you will find in developed countries. I believe we will see these as soon as the cost of doing business in Nigeria drops.
You are right about people who have values and are hardworking. As for those who sit back and do nothing, I have nothing to say to them. The last guy (Desmond Eliot) to call people children has been crying and begging on TV o. I know say if na you, rather than cry you go even downgrade am to enfants.
TransAtlanticEx: Some of us don't really care how people feel or what they say,so long as what we are doing is for the greater good. I don't like people that are valueless around me,you can be poor,no problem but not lack value. Taxi drivers have value,they are the reason most people are able to commute. Truck drivers stay up all night so that you can see bread in the morning,that's value. They are not rich,yes.But they offer value to this society and are part of the reason for the successes of the nation. Dangote will be nobody today without all those his drivers. But you see all these instagram children ehn,when I'm done dealing with them,body go tell them.
Lo.... Humans are never that logical. Emotions always rule.
Let's even leave the big stage and go down to the family level. Many families always at least that one member of the family who does not believe he has to do anything with strong entitlement mentality. Even when you train such a person, give him job, set up business for the person, when they fail in all of this and you decide to deny them any further help, you will find yourself been blackmailed by the society and other members of the family especially if you are doing well. You will start hearing things like, blood is thicker than water, you can never abandon your blood etc. You will have to be really strong not to give in. Cascade this to the larger society and you will understand the challenges. Without a proper mindset change, it is not going to be easy.
TransAtlanticEx: Do you know what revolution is? People taking up arms to rise against a government and you say I shouldn't give them the same measure? The only reason the military is being questioned now for the lekki shooting is because the protesters were termed "peaceful" at that toll gate. No one can say anything if the protesters were armed,violent and anarchious. If I was in power and wanted to disperse that protest,I'd put armed thugs in the crowd and make them fire first,with lights and CCTV on. Then the protesters will be termed violent so the military can unleash terror on them,its common sense.
In this era of hash tags, amnesty international, ICC, it will be a lost battle from the beginning I assure. Recent events and the outcomes gives a glimpse of what can happen. Many years of handouts cannot be wiped out in 10 years. I understand where you are coming from but have a discussion with 10 people today and see all 10 blame the government. A mindset change rather outright force is needed and of cause some firmness.
TransAtlanticEx: You cannot revolt in my territory.You can protest peacefully not revolt. How do I do this?By making the military and security forces attractive and very well equipped. All this funds will come from the money wasting sectors I will crush to pieces,such as subsidy,eduction,health and the rest. Humans are eccentric in nature and trust me,when I give the military personnel a deal of good salary(400k+) as basic salary,free healthcare in military hospitals for them and their immediate family,and free good schools for their children,trust me they will defend my agenda with their lives and make sure no bastard masses take away what I am giving them with their bullshit entitlement mentality. So if you revolt,sorry is your name.
I know you are passionate about the capitalist thing you believe in, but tone down.
That said, this your approach will put blood in your hands, many years of expecting government to magically solve problems cannot be rolled back in even 10 years. The revolt will be massive.
Ghana has an election in a few weeks and I saw one of their advert when a presidential candidate was campaigning that if elected, he will ensure that bikes are no longer banned, I was like politicians everywhere in Africa are the same. Always playing to the gallery without considering the long term effect of their populist campaign in a bid to win elections.
TransAtlanticEx: If you were a profitable businessman,you would know that funding an arm of your business that don't generate revenue is meant to die over time. Education is not a right,it is luxury!That is why people take student loans that almost kill them in the west so as to get educated. Government keeps paying for education breeds corruption and diminishes quality as one government cannot fund over 150 tertiary,over 10,000 secondary and primary schools effectively. If from that your "so called" business I ask you to compulsory feed 20 more families with their children,Can you do it? Let's say you can,will you do so effectively?You will go to one house,milk no dey,the other house go say butter don finish. Everytime government,government,government... I wish I was Nigeria president even for one year,I will solve Nigeria's population and financial problems under one year by ending BS schemes. If you wanna study,pay for it.If you can't afford it,jump inside lagoon,no one cares. If you take to crime because you think the government didn't give you education,I have a well funded police that is waiting to kill you or jail you. It's that simple,really. Better to have few people with quality education that can actually bring good solutions to society than have the entire masses with half baked,dirty,underfunded,daft education
Investment › Re: Treasury Bills In Nigeria by ojesymsym: 3:43pm On Nov 12, 2020
