₦airaland Forum

Akerewe:
thanks phyde, I will do d splitting instead.

Your're welcome sir

Akerewe:
Thanks a lot phyde for your undiluted support, I later mail them and I was told that both are genuine both they belongs to different entity within stanbic holdings. While my own belongs to stanbic stockbroker your own belongs to stanbic capital market.
Please how do you guys move huge funds through stanbic internet banking as I think the minimum per day is 1million. How can someone increase the daily limit?
Please how much is the stanbic stockbroker charges on a million for this ongoing sukuk bond?

I have tried the mobile app and website to see if there is option to set my transfer limit. I did not succeed so, i decided to split my payments and save the receipts/transfer. You may need to visit the bank or still try to send mail, asking if it can be possible to set it online due to skeletal service they are offering now.

Akerewe:
thanks for your swift response phyde but this is the account number that was sent to me from stanbic bank *

Account Number -0035763997
Account Name- SISL/FGN SOVEREIGN SUKUK OFFER 2020
Bank Name- Stanbic IBTC Bank Plc*


Please
Great investors in the house, kindly help me verify which one is genuine between the two and why there is different in what I received from what phyde sent.
Thanks in anticipation

I think you can still use the bolded if you want to invest through Stanbicbroker.

Risingcash94:
Pls do you have that of UBA?

No sir, check http://lotuscapitallimited.com

Akerewe:
Please house, kindly provide me with stanbic fgn sukuk account number.
Thank in anticipation

Account Name - FGN Roads Sukuk Issue
Proceeds Account 3
First Bank 2035325950
Stanbic IBTC Bank Plc 0035486917
Zenith Bank Plc 1017166578
Jaiz Bank Plc 0004153830
Sterling Bank Plc 0076591247
TAJ Bank Ltd 0000063967
Unity Bank Plc 0046183583

Risingcash94:
Good day friends and gratitude to the great contributors this thread. I applied for a cscs no. yesterday in order to proceed with the ongoing SUKUK bond. Sir Unite4real suggested a simplified process which I was going to follow. However the broker guy at the Afrinvest firm that's processing my cscs no. insists I have to subscribe to the bond by paying into their account. Stating that I can't get a cscs no through them and proceed to go pay directly to the SUKUK account. He insists they're the middle men so that if something goes wrong I can trace it through them. He even said that the account no I want to pay directly to might be fake. He has sent me account numbers to pay into. What could possibly go wrong if I proceed with paying directly into the SUKUK account and sending proof of payment to SUKUK email address as unite4real suggested. If I subscribe through them will they get a commission from me? Pls anyone with idea should help.

Stanbicstockboker sent me a mail last night, you can check previous pages. The cscs number is not even compulsory which i still confirmed from Lotuscapital customer service not quite long. You are good to go with your bank account number and bvn.
I simply sent my form without filling the cscs part and payment receipts to stanbicstockboker and copied lotuscapital, fbnquest and debt mgt. Let's see how it goes. Though, I'm still expecting my cscs from investment-one. This sukuk wahala no be do or die thing. Las las we go dey okay as far this thread is still alive.
God bless all the gurus with their wealth of knowledge and information.

1kinggy:
This doesn't smell well.

"Sagio" Ramos of Sukuk FC

funny dude

drotba:
Yes i do
Have you gotten it?

Yes, thanks

Just got this mail from stanbicbrokers

unite4real:
There is nothing like getting fully prepared here. This thing no be war o. Lol

I have been down this road 2017 and 2018. This is the third issue.

If u must know, 90% of bank workers don't have this knowledge that many are dishing out here. If the bankers have such knowledge, there won't be need for such a forum. It would have been as straight forward as opening a savings account. This is investment we are talking about. A lot of guys here have gotten knowledge from experience and I think it is worthwhile to follow their footsteps. I have learnt a lot here and whenever I walk into a banking hall, I relate with them like a pro.
The first time I walked into the bank to buy TBills, they didn't know what I was saying and we're telling me to do fixed deposit

Please do you have the Sukuk account number of stanbic ?

Sholapey:
Exactly, he should just go through the investment one and etc.

Investment one is my next option now. Just waiting for the cscs. Stanbic were just replying all my mails with children day adverts I refuse to be frustrated.

Ikjosh04:
What's the rate of the sharia fund and is it a 7yrs contract like the fg sukuk?

The Sharia Fixed Income Fund is about 6.85%. They sent it to me too. I just ignored it cause that's not what i want. Those guys know what they are doing.

Mills55:
I don't know why first bank and Stanbic staff is telling me that they are not aware of this sukuku. that they have not been communicated yet.
anyone with different experience from this banks??

Same experience with stanbic, a lady even called me on phone telling me the minimum is 50m which i knew is FGN Bond not the current SUKUK. I have to download the SUKUK advert and sent to her mail for her to be aware. I am just waiting for my CSCS to be open before i visit.

Is this not Abutatah we used to catch then in my primary school grass. They don't bite.

unite4real:
Were u still trying 2M the next day or 1M

I still tried 1m this morning and got the same message and balance never change. I believe everything will be sorted out tomorrow.

unite4real:
Did u get an SMS from mutualfund that your redemption request is being processed when u did the first one? And how much did u redeem first and attempt to redeem later
I know that their daily online redemption limit is N2.5 Million. Once u exceed that, u can't go any further

Thanks boss

Sholapey:
It may be due to the holiday. Give them a call first thing in the morning on Wednesday I believe they will sort it out for you immediately.

Thanks madam

freeman67:
Stanbic IBTC daily online limit by default is N1 million. The maximum you can increase it to is N2.5 million. It is only when you increase it either by yourself on their app/web or go in the bank to before you can do a transaction more. 25 May is just yesterday and it is a public holiday not a working day. Be informed that MMF accout is not like your regular bank/savings account. Also note that they clearly state it on their forms that getting proceeds of withdrawal is between 3-5 working days.

Their app is not programmed to automatically carry out some requests like normal bank apps. After your request, it will take human efforts/imput to verify then credit your account. Unfortunately, those humans are entitled to public holidays too.

For your subsequent transactions with them, these are processes you should follow for ease of transaction and reduced anxiety:

1. May sure you do your request on week days excluding public holidays.

2. Make sure your withdrawal request is done early; before 12.00 pm of the day you make the request.

3. Be sure to have upgraded your minimum withdrawal before that day if you have in mind to go beyond the Limit.

Thanks boss, I have done redemption before and got credited within 2 hours. I will chill till wednesday.

unite4real:
Did u get an SMS from mutualfund that your redemption request is being processed when u did the first one? And how much did u redeem first and attempt to redeem later
I know that their daily online redemption limit is N2.5 Million. Once u exceed that, u can't go any further

My first attempt was 2m on June 24 which didn't go through until I reduced the amount to 1m before it went but didn't get processing SMS, only OTP code. I tried again on June 25 and I kept getting daily limit exceeded by 1m.

Sholapey:
The process will make your capital idle in your account by the time they finish with paper work, sukuk bonds must have been closed. Closing date is June 2nd. You may check with your account manager to see if you can meet up with the date before you liquidate your ntb.

I have been trying to redeem part of my MMF with stanbic since May 25, balance still the same and got a message of daily limit exceeded by 1m when I tried again today. I want to believe it's because the muslim holiday. I hope there won't be traffic when banks resume on Wednesday.

GonFreecss1:
Wow! That is cool.

I agree. African prejudice against themselves is something else. Black man hating on black man.

Too bad, same challenge I'm facing in my office. My departmental head that even earn more than me is still not satisfy cause he felt the MD seems to like and trust me more than him. The envy and hatred is just too much but who cares, when you have good conscience.

Theconglomerate:
This is called sure banka investment where I come from.
Na wetin dey pay boys for Abuja be this since 99 oo
If you succeed Marry am baba you don make am.
You know that kind wedding weh the groom no dey get confidence,na them ooo.
Just buy one clean E350 now 2016 model for 9m and pay 1 year rent for good place.
If you no catch rich girl weh go later bleed for you ehn,it means the guy no sharp at all.
Don't go for the flashy ones ooo,no no no!!!
Those ones that dress corporate all the time and drive prado only and hardly go out,the bored ones infact and most times semi ugly.
Na these ones dey bleed wella

This baba funny gan

Where your jazz stop na there another person own starts. No champion forever. Say No To Cultism.

yazga:
Yes but has been suspended till further notice as a result of the pandemic.

Which one did they suspend please ?

Barrytone:
Good morning great minds, I got debit alert from my union bank account. Realise its for debit card, charge for the card, charged for card maintenance and charged VAT for both items. During this period I have been isolated due to covid 19 as a requirement. Never requested for card as I don't need a card for that account. Since am not around to go confront them, being trying to use their online help lines to address the issue since 20th of may but yielded no result as the handlers both messenger and WhatsApp is telling me I have to accept the deduction and go get my card. I don't need a card, my question is, is it Mandatory to own a debit card now in Nigeria? If not please kindly advise how to address the fraud now that its just few thousand before they remove millions because as it stands am sharing the account with Union bank that they could unilaterally take any amount at anytime from the account. Thanks.

Access Bank has been deducting N53.75 monthly for card maintenance i did not apply for cause i don't need it for now and they have been disturbing me with calls for pick up.

unite4real:
There is no room for automatic compounding. Anytime your rent is paid, you must put your brain to use again.

There are many brokers. U have Morgan capital, Afrinvest. This one's can relate with u online without visiting their offices. There are others too but these I have tried.

Thanks once again. I'm within Lagos and i intend visiting stanbic festac branch once my cscs account is open. How long will it take Morgan Capital to do that?

unite4real:
This is the third time government is selling sukuk in Nigeria. The person you met may not be aware and is mistaken it for FGN bond. Why don't you go with the printed offer. One person will pass it around and before you know it, you are sorted out. Which state and branch did u visit.

Do u have a cscs number already. If u don't, go get one first and it's not Stanbic IBTC bank that will do that but stock brokers.

If you already have, the just fill the sukuk form, go to same Stanbic and pay into the account for sukuk as advertised.

Take your form and evidence of payment and walk out of Stanbic if they cannot help. Take them to either FBN Quest Merchant Bank or Lotus Financial services LTD. Give it to them and go home. Wait after 6 months and receive your first rent in December.

Ohhh, thank you sir. I think i am the one that is not getting it right. I was thinking it is the same stanbic that will give me the CSCS number just like they did in MMF. So which stockbroker is best to get the number from and is it free ? I really need to forget some money for 7 years in this bond. Is there room for automatic compounding ?

emmanuelewumi:
The offer document from Debt Management Office say 10k.

Download the offer document, fill and submit to any of the agents.

I just did now, will submit before June 2. Thank you sir.

unite4real:
No you don't

First time i am getting confused dealing with Stanbic. I was told the minimum for Sukuk bond is 50m. Is this true ? Though the asset management team handling my MMF are yet to reply my mail.

Good move so that those men on black will have brains at this crucial time. HEALTH WORKERS ARE OUR VVIPs presently. Don't mess with them.

Elders, please who knows about NAIJA RICE FARM PROJECT ?
I have been noticing their adverts on TVC almost every morning when watching YOUR VIEW program.
Below is the breakdown i saw checking their web page: https://greeneaglesagribiz.com

1 Land preparation ₦49,280
2 Certified seeds ₦6,000
3 Nursery formation ₦4,000
4 Transplanting ₦16,000
5 Fertilizers & crop protection ₦39,000
6 Irrigation ₦49,160
7 Farm labour ₦40,000
8 Harvest ₦36,000
9 Administration ₦4,600
10 Consultants’ fees ₦12,000
11 Insurance (3.5%) ₦8,961
Total investment: ₦265,000
Return on Investment (40% ROI) ₦106,000
Every 6 months for 7 years after which the capital is exhausted.

emmanuelewumi:
N1 millon invested 20 years ago is now worth over N500 million now..

Check the profit history in the last 20 years from less than N1 billion to over N200 billion, the increase in the assets of the business in the last 20 years, increase in revenue from hundreds of millon to over one Trillion naira, number of lines from less than 1 million to over 60 million, introduction of data to initial revenue stream from voice

I wish we can turn back the hands of time.