₦airaland Forum

hardbody: if you havent already done so, report to STFU Milverton Avenue Ikoyi, they will pick up the conniving stockbrokers and after due drilling, they will reverse the sale and transfer. My office once coonived with stock brokers and sold shares we held in trust for a recalcitrant debtor. I spent the whole day at STFU trying to bail the MD of one of my subsidiaries, the guy that pulled that stunt. He was granted bail when he had written an instruction reversing the transfer. Those guys are good at it and they are experienced.

You may not believe this but the same scenario above happened last year.

Shares worth tens of millions of naira in paper certificates were given to the oldest bank in Nigeria in 2007 to stand as collateral against an overdraft facility which incidentally has never been drawn. Someone in the bank actually removed the certificates and tried to sell the shares. They also claimed Mr J had died. Luckily Mr J tried to cash in his dividend and he was told he was dead! That case is still ongoing.

ypzilanti: The claim that the account owner has to be supported by the creation of an Estate account in CSCS. The requirements for opening such an account would include a sworn affidavit, death certificate, etc. There are rules for these things...you can't just claim rubbish and start transferring peoples shares without due process. Unless of course you have an insider.

They provided all these things. Forged of course. I have copies of everything. I found out there is a requirement called ''know your customer'' (KYC) and B stockbroker obviously didn’t do that. We are all Nigerians and we know paper documents can easily be printed by any semi-professional printer with a little knowledge. I strongly suspect B stockbrokers to be part of the scam for the following reasons.

1. They have been in the business since 1997 yet they couldn’t see obvious inaccuracies like the death certificate showing year of death as 2010 and the High Court letter of administration showing year of death as 2011
2. Any stockbroker with half a brain should wonder why the estate of the deceased will not deal with the deceased's own brokers instead they chose to transfer the shares to a new broker before selling. The question they should have asked is why make things so hard for yourselves
3. Why carry on with this fraudulent request when the resident broker had denied your earlier request to transfer

The scammers
https://i45.tinypic.com/nz1a9.png
https://i48.tinypic.com/35bcva1.png

I smell fraud. My dad has just been scammed by fraudsters who didnt even need share certificates. All they had in their possession was a dividend slip they probably intercepted at Ikeja post office. They then found a crooked stockbroker that was willing to take partake in the fraud and the rest like they say is history.

I suspect you may have the share certificate of someone and you want to steal. Nigeria is really terrible.

[quote author=i.]@ poster. Mr J should report both stockbrokers †☺ the SEC and not the NSE! Furthermore he should sue the two of them! He will recover his shares back! Ps he must change his stockbrokers due †☺ negligence(I suspect an inside job in A's office for the approval †☺ be given)[/quote]A stockbroker is not involved. B stockbroker signed a letter of indemnity taking all responsibility for any future claims that may be made against CSCS and thats why they authorised the transfer without approval from A stockbroker.

This kind of system should never be in operation and the NSE/CSCS should stop it henceforth. What stops a disgruntled broker willing to leave the country for good from signing a letter of indemnity and transfering shares of a random investor worth hundreds of millions, selling them and fleeing the country with the funds?

They also still rely too much on paper records beacuse if things were recorded electronically, the refusal by A stockbroker to authorise the transfer a month earlier should have raised red flags even when a letter of indemnity had been signed.

I have a picture of the perps and will post it here shortly. I am wondering if I should name and shame B stockbroker. A quick search on the internet shows they have been involved in big time shares fraud before.

This is the only thing i love about America. The right to defend yourself and blast any mu'fooker trying to rob you to smitherings. Why should the law abiding citizens give up their guns and be at the mercy of criminals who will always have their guns.

The man in the link below killed 5 criminals and injured 2 in 3 seperate incidents when the scum tried to rob him. They shot him as well. Without his guns, he would have been another statistic

http://www.democraticunderground.com/117273824

"Swear to everything when I leave this earth, Its gon' be on both feet, never knees in the dirt"

What stops every disgruntled husband from murdering their wife and giving the same lame azz excuse this murderer has given?

davidylan: Last but not the least... let kids be kids... at their age they will still want to ask for something from their peers... it is normal.

This.

I dont understand how any sensible person, most especially a mother will frown at kids doing what kids should be doing.

Sharing is a virtue that is specifically taught in my kids' nursery, school and after school club.

coogar: things might have the changed especially with the scourge of yahoo boys. anyone can make any national ID card with any name and claim MTCN. banks have a duty to protect themselves from fraudsters.

The whole gist of the story is lost on you.

Do you not think a Yahoo boy will go well prepared probably with a fake Drivers license expiring in 2053?

If they so cared about security, how come N10,000 secured the release of the funds?

bakynes: Microsoft is about to lunch Xbox 720 too tough competition i personally prefer Xbox to play station coz i switched from play station to Xbox and can tell which is better.Sony has lost their Game market here in the UK coz alot of pple prefer Xbox to play station

Dodgy People like Xbox because it can be chipped to play £1 games. This may be good for Microsoft but not the people who make the games

If this guy slapped my son, no be mouth, I would have been charged with murder cause I for kill the guy.

Bastards like him size up people and only do such when they know they can get away with it. Him for try am on a Turkish Airlines flight full of permanently angry Nigerians flying home for Christmas, na him DNA dem for take identify am.

Jade William: I don't even believe that she's 31 --- she's probably much OLDER.
I kept sayin sh look older than 28 at BBA.Yesterday,Kennis admin wrote that sh died at age 31.That lady looks 37/38 abeg.Women sabi fodge age

She's not 37. She was 96/97 set in St Johns College so 31 is about right.

Gluckdude: Why has no pilot died of the so called disease as they spend most of their life span airborne.
#justasking#

http://www.airlinepilotforums.com/pilot-health/64428-dvt-blood-clot-pe-threat-pilots.html

http://www.pprune.org/archive/index.php/t-198475.html

With all ''natural'' occurring ailments, it is a case of chance. Thats why you hear things like 1 in 100,000 chance for a baby to suffer down syndrome. Why does a perfectly healthy person that has no history of smoking suddenly develop lung cancer?

I suffered a PE last year and I am in my mid 30s! i couldnt walk 2 steps without stopping. I had been on a 4 hour flight 10 days earlier + 2hours held up in the plane because of some disturbance at my destination airport. I hate flying so when I get on a plane, I just sit dwn and dont move until I get to my destination dont do this anymore now i know better). Basically I was sat in a tight, cramped space in coach for approximately 6 hours.

ogugua88: [size=13pt]That's exactly what I was thinking. Especially after a long flight. It's very easy to get blood clots if you're not hydrated or moving around on a plane.[/size]

It happened to me and its not a joke thing. If you are unlucky, you could be dead in an hour

Pulmonary embolism most likely.

A blood clot that travels to the lungs. Can be fatal

opens mouth and sings...

Command Childrens School, Yaba
School of tomorrow's leaders
Premier childrens school in Nigeria
Found in the year ninety sixty six
Our alma mata, alma mata
will forever be our pride

I dont care if in the future this woman cheats on him or dont give him sex, if this dude ever breaks this woman's heart, I'll happily come round and shoot him myself!

Do not use MACT securities. They are armed robbers in disguise. They have just illegally transfered shares worth over N50 million from an holding broker even though their request to do so was declined. Now they have sold some of the illegaly tranfered shares worth N23 million. Do not transact any business with them cos by the time I am done with them ehn.... Let me say no more.

Deal with MACT at your own risk.

I think Patience cos she reminds me of Cherokee D'A$$

ihedioramma: how come mr.b no the name mr.a use to open cscsc account and number?

You obviously havent got a clue so please reply to questions in your area of expertise only. This isnt Super Story!

Can anyone with knowledge on this subject area help me with some information please.

Background of the story is Mr J has several share holdings held electronically with A stockbroker. B stockbroker ask for an inter-member transfer of Mr J's holding to them as Mr J has passed away and they have been authorised by his estate. A stockbroker contacted Mr J and he informs that he is alive and well and did not authorise any such requests. A stockbroker declines B stockbrokers request.

Fast forward to a month later, A stockbroker realises that CSCS authorised the transfer and all Mr J's holding have bben transfered to B stockbroker. B stockbroker have sold shares worth N23 million with N4 million already completed and N19 million pending. A stockbroker has now written to NSE and we are awaiting the next cause of action. There are still shares worth millions which havent been sold but are now under the control of B stockbroker

My questions are

1. Why did CSCS authorise the transfer?
2. Can the pending transactions be stopped?
3. How do we go about getting the shares transfered back to the A stockbroker
4. who is liable for the losses?

Thank you

That cracker was lucky the lady in the video below wasnt the person she confronted. She would have cried

"Go suck ya mudda"


https://www.youtube.com/watch?v=bDU2RZK1yb4&feature=youtube_gdata_player

[quote author=omo_to_dun]2^nd to comment on 5^th Page, so I give all the glory to the one and only Almighty Obatala.[/quote]You crazy?! Had me laughing like a mofo!

efoshizzle: Yes, it is possible that she was only contemplating applying on the 31st of January (thursday), and got her visa on the 4th of February (monday)...

All she would have done was book an appointment, and seeing they had availability today, taken the chance, and gone for the interview...

So she got all the supporting documents ready in 5 days including Saturday and Sunday? It is possible sha but I call BS on this.

The funny thing about the US embassy is that sometimes they as k you just one question and grant you a visa without even looking at any of your supporting documents.

Afam4eva: A religious tradition in a multi-religious or secular country? Anything that will conceal people's identity should be looked into. I have nothing against the religion.

You are not very smart, I dont think.

So after the hijab (which is just a scarf not different to gèlè), they'll ban tge catholic nuns head scarf, the the Sikh mans turban, then hooded tops and just for good measure, ban turtle necks just so people cant pull it over their faces.

I wonder how many of the perpetrators of this type of crime in Nigeria wear niqabs when carrying out such crimes.

Rather than make a comment about the crime, you focus on what the perpetrator was wearing. Would you have focused on the item of clothing if it was reported that suspect was wearing a hoody? I think not.

While you may not realise it, to an enlightened mind, you input on this thread exposes that you are a bigot and as long as we have your type, Nigeria is forever doomed

My guy dont try it. If you even forget harrasment from the military chaps for a minute. You are liable to being shot by armed robbers who may mistake you for a law enforcement officer.

I once had a pair of Texas Steer boots confisicated from me by some soldiers stationed at a NEPA office near me and I had to walk home barefooted. Thank God for my no-nonsense mother who marched me back there barefoot, lambasted the soldiers and collected my boots back. #thankyoumummy

QPR's hopes of signing Peter Odemwingie before the transfer window closes have suffered a blow after West Brom revealed they have not given their player permission to speak to Rangers.

The 31-year-old Nigerian arrived outside Loftus Road in the hope of completing a move to the London club.

However, Albion insist they have yet to agree a fee for Odemwingie and the clubs will have to move fast if an agreement is to be reached before 11pm.

A West Brom statement read: "Albion have moved to clarify developments regarding Peter Odemwingie after the striker was filmed a short while ago arriving at Loftus Road.

"The club can confirm they have held further discussions with QPR today but those talks have so far proven fruitless and no agreement has been reached.

"Albion would also like to make clear that Peter has not been given permission to speak to QPR about a potential move."

Odemwingie had earlier told Sky Sports News: "Of course I love West Brom and I always will. But I'm very optimistic that I will join QPR, it's a new chapter in my life.

"I am optimistic. A few good players have arrived here (at QPR) and I am happy with the trust Harry Redknapp has in me.

"The last few results have given us a chance to stay up. I don't think the owners will bring in so many players if they don't think it will happen.

"It's not 100 per cent (the deal), it's not sorted yet but I hope West Brom will be happy with what they get. And of course they are hoping to get players themselves.

"I just hope things will go well in the next few hours."

http://m.skysports.com/article/football//8459186

[quote author=deal_ordea]All the mumu people shouting propaganda on here, have you ever heard of any okemachukwu and son importing from this so called country north Korea..Mbanu!! A lot of folish plenty people full here.. Don't say what you don't know, the suffering of North Korea is far worst than Somalia..

Peace out[/quote]Is Somalia really better than North Korea? There is no Al Qaeda Al Shabaab in N Korea. They have advanced technology in N Korea (military), There is a central and stable government in North Korea. The funny thing is if the Koreans get rid of all their WMDs tomorrow and become subservient to the Americans, we would suddenly stop hearing about the sufferings of the ordinary North Korean.

Dont you ever wonder why the west complains about 'flawed' elections in places like Iran and Venezuela but are buddies with dictators in countries like Qatar or Saudi Arabia were people are still beheaded and women are not allowed to drive.

Like others have said the snow in the picture means it is quite a recent picture. if they are in London, the earliest it was taken was Friday 18 January.

Not buying that plot of land in Osapa in 2000 for N400,000. My friend sold one of the 2 he bought for N13 million 10 years later

Toktee: They should thank God for the resident,there are people in the street without home

To be honest, I'd rather sleep under the bridge and ease myself in the bush rather than use the rooms or toilet in the pictures above

safarigirl: Noah? Why give your son an English name? Or has Edo state run out of native names? African men!

Congrats sha, on his way to being fully sold out

You are a slowpoke! I am sure morons from his mothers side of the family will be asking why he didnt give his son an Uzbek name.

Mumu