| Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:22pm On Aug 18, 2021 |
mickky22:
Yes.
First bank, access bank and stanbic bank... They said I need N50m to trade in primary market. Which of them do you have an account with? How much did they say you will need for secondary market 1 Like |
| Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:30pm On Aug 18, 2021 |
Donbrig:
Bank staffs don't care about your investments with them, many of them don't know much about bonds or mutual funds or financial markets, they are only after their monthly salaries.
You should equip yourself with enough informantions, walk into their office and tell them what you want with confidence.
Sometimes, you just put yourself in disadvantage asking bank staffs some certain questions about investments, because they don't know much and don't want to show their financial ignorance before a customer, they will just tell you something that will make you uncomfortable and leave their office to other branch or bank.
Correct. Always better to meet with the bank manager or the investment departments of big branches 9 Likes |
| Re: Treasury Bills In Nigeria by QueenNemesis(m): 6:17pm On Aug 18, 2021 |
..
1 Like |
| Re: Treasury Bills In Nigeria by mickky22: 6:18pm On Aug 18, 2021 |
emmanuelewumi:
Which of them do you have an account with?
How much did they say you will need for secondary market I have account with first bank not fbnquest... And I was told that fbnquest only office in Lagos in IV. |
| Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:22pm On Aug 18, 2021 |
mickky22:
I have account with first bank not fbnquest... And I was told that fbnquest only office in Lagos in IV. Ask First Bank what you need in order to buy bonds in the secondary market. Fbn quest is in Abuja 2 Likes |
| Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:30pm On Aug 18, 2021 |
QueenNemesis:
Good day everyone.
I am a 300 level student in a Fed Uni and what happened right now is just very funny and I think I need solid financial advice from the investment experts here. Everyone should please endeavour to contribute.
A distant uncle called me about a month ago that he has a connect to a FG grant and requested for my details. Immediately I heard that, I quickly forwarded him my BVN and other bank details. He later called me to inform me I have been registered.
Fast forward to about a week later. . .He then called me and started explaining that the stuff is a actually a LOAN not a GRANT and that his connect will take back 40% of it after I am credited. Immediately, I was confused. Because I am still a student and that kind of risk does not make any sense. Actually, if he had told me it was a LOAN initially I wouldn't have sent my details. I told him instantly that I am not interested in the package anymore since it is a LOAN and to even add salt to injury, one facilitator will demand 40% of it because he made it happen. Nah me and am go repay am? 
About 5 days later, I got an SMS from NMFB that my loan has been approved and I should follow a link, input my details and get credited. I ignored this message and went about my business. A week after, I got another message from the same NMFB that they have created a NISRAL account or something for me. I was a bit confused and perplexed because I did not click on their link because I am not interested in their loan. I checked my account balance to reassure myself and it showed that no money was credited and I was a bit relieved.
Now, just about 20 minutes ago. I got a whopping 700k alert from NMFB for a loan I don't want.
The question I need to ask you elders is : What next for me?
- Buy a tricycle and give to a rider? Because Obviously I can't drive it because I am a student
- Buy a piece of land and wait for it to appreciate
- Buy bitcoin and hold
- Buy dollars and keep
- jejely return the loan (I don't even know how to go about this!)
- others? (Please specify)
Emmanuelewumi
Ahiboilandgas
Lazyyouth
NL1960
Jedisco
Ultron123456
Ogogorofreak
Emmaodet
Tobex4realtobex
And others I can't remember.
Have you seen the loan offer document. It is possible the loan is about N1.5 million or there about, but you were credited 700k. You will be expected to pay interest on the correct amount. I will escalate this issue and return back the money ooooo. That is what I will do, with your BVN you are going nowhere. I was surprised, how a property lawyer was able to get 850k debt a tenant owed by just getting the necessary approval from a Magistrate court and the tenants BVN 10 Likes |
| Re: Treasury Bills In Nigeria by mickky22: 6:30pm On Aug 18, 2021 |
emmanuelewumi:
Ask First Bank what you need in order to buy bonds in the secondary market.
Fbn quest is in Abuja Thanks for your time sir. But it is advisable I go through there stockbroker firm? Which of the stockbroker will you suggest to someone that stays in Lagos. Thanks 1 Like |
| Re: Treasury Bills In Nigeria by QueenNemesis(m): 6:35pm On Aug 18, 2021 |
emmanuelewumi:
Have you seen the loan offer document. It is possible the loan is about N1.5 million or there about, but you were credited 700k.
You will be expected to pay interest on the correct amount.
I will escalate this issue and return back the money ooooo.
That is what I will do, with your BVN you are going nowhere.
I was surprised, how a property lawyer was able to get 850k debt a tenant owed by just getting the necessary approval from a Magistrate court and the tenants BVN Thanks for your prompt response, sir. I did not see any loan offer document infact the approval of the loan is quite silly because I did not accept the Loan Offer after I was approved And ofcourse, I am aware I will repay that is why I am not treating it as free money. I was hoping that a passive investment strategy can be suggested for me that will eventually be capable of repaying the loan and leave a little change for me. If anyone knows how I can access the loan offer document. I don't mind. 1 Like |
| Re: Treasury Bills In Nigeria by mickky22: 6:41pm On Aug 18, 2021 |
Thanks for your time sir.
But it is advisable I go through there stockbroker firm?
Which of the stockbroker will you suggest to someone that stays in Lagos.
Thanks |
| Re: Treasury Bills In Nigeria by Uniquisite: 6:46pm On Aug 18, 2021 |
This life no balance o..
Make FG grant me loan of any amount biko 1 Like |
| Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:48pm On Aug 18, 2021 |
QueenNemesis:
Thanks for your prompt response, sir.
I did not see any loan offer document infact the approval of the loan is quite silly because I did not accept the Loan Offer after I was approved
And ofcourse, I am aware I will repay that is why I am not treating it as free money.
I was hoping that a passive investment strategy can be suggested for me that will eventually be capable of repaying the loan and leave a little change for me.
If anyone knows how I can access the loan offer document. I don't mind. Think about this, you got 700k but you will be paying interest on N1.1 million because the person who approved the loan got 400k. What is the interest rate? What is the duration of the loan? What are the terms of the loan? I wish you the best ooooo 2 Likes |
| Re: Treasury Bills In Nigeria by jedisco(m): 6:53pm On Aug 18, 2021 |
Tobex4realTobex234:
The government of the ban, the block and the freeze.
Zero innovation. Zero capacity. Zero ideas. Just be blocking and freezing and banning and expect miracles to open.
Rice. Banned yet rice price no come down
Borders. Closed yet no notable improvement
Crypt0. Banned yet Nigeria still has the highest P2P transactions, and FX still no gree improve
Twitter. blocked yet people are still tweeting steady.
FX to BDC blocked yet naira rate no gree improve
So freezing account of fintechs is just another futile attempt by empty heads leading a collapsing zoo. You didn't even add giving free naira to those sending in forex and telling us is those importing pizza that are depreciating the naira... Like I said on another thread, it's like someone setting your house on fire and then telling you the reason your house is burning is because your neighbor uses a heater.... No need arguing over this....just like others, lets give it some months and see the effect Like I keep saying, as far as some people have access to a cheaper forex rate for whatever reason, the naira is guaranteed to continue in decline. This has been the case for the past 40 years and will continue to be the case. The reason I keep repeating this cos it seems there's been a trend of issues discussed on NL popping up on mainstream media... 1 Like |
| Re: Treasury Bills In Nigeria by QueenNemesis(m): 7:01pm On Aug 18, 2021 |
emmanuelewumi:
Think about this, you got 700k but you will be paying interest on N1.1 million because the person who approved the loan got 400k.
What is the interest rate? What is the duration of the loan? What are the terms of the loan?
I wish you the best ooooo Sir, I am not saying there isn't the possibility that the facilitator might have diverted a % of it, but the chances of it is very slim. I was directly credited by the NMFB. Also, the agreement the guy had with my uncle was that I will pay him after I have been credited (which I won't do!). But I understand your concerns sir. Your final suggestion is I return the money?? Even if I want to. How do I go about it? I am practically clueless. I have seen a Nairaland thread about the loan though but it has about 500+ pages. 1 Like |
| Re: Treasury Bills In Nigeria by handsomebolanle: 7:13pm On Aug 18, 2021 |
QueenNemesis:
Good day everyone.
I am a 300 level student guy in a Fed Uni and what happened right now is just very funny and I think I need solid financial advice from the investment experts here. Everyone should please endeavour to contribute.
A distant uncle called me about a month ago that he has a connect to a FG grant and requested for my details. Immediately I heard that, I quickly forwarded him my BVN and other bank details. He later called me to inform me I have been registered.
Fast forward to about a week later. . .He then called me and started explaining that the stuff is a actually a LOAN not a GRANT and that his connect will take back 40% of it after I am credited. Immediately, I was confused. Because I am still a student and that kind of risk does not make any sense. Actually, if he had told me it was a LOAN initially I wouldn't have sent my details. I told him instantly that I am not interested in the package anymore since it is a LOAN and to even add salt to injury, one facilitator will demand 40% of it because he made it happen. Nah me and am go repay am?
About 5 days later, I got an SMS from NMFB that my loan has been approved and I should follow a link, input my details and get credited. I ignored this message and went about my business. A week after, I got another message from the same NMFB that they have created a NISRAL account or something for me. I was a bit confused and perplexed because I did not click on their link because I am not interested in their loan. I checked my account balance to reassure myself and it showed that no money was credited and I was a bit relieved.
Now, just about 20 minutes ago. I got a whopping 700k alert from NMFB for a loan I don't want.
The question I need to ask you elders is : What next for me? I must also add that my uncle demanded that if I get credited, I must pay that 40% to the facilitator guy but ofcourse I won't because I will not even inform him that I have been credited.
- Buy a tricycle and give to a rider? Because Obviously I can't drive it because I am a student
- Buy a piece of land and wait for it to appreciate
- Buy bitcoin and hold
- Buy dollars and keep
- jejely return the loan (I don't even know how to go about this!)
- others? (Please specify)
Emmanuelewumi
Ahiboilandgas
Lazyyouth
NL1960
Jedisco
Ultron12345
Ogogorofreak
Emmaodet
Tobex4realtobex
And others I can't remember.
The kind of Corruption that's devaluing our system. 1 Like |
| Re: Treasury Bills In Nigeria by QueenNemesis(m): 7:27pm On Aug 18, 2021 |
handsomebolanle:
The kind of Corruption that's devaluing our system. Exactly boss. Genuine business owners were probably denied this opportunity but freely given to a student who has no business he is running. I just tire. Loan wey I no want. 1 Like |
| Re: Treasury Bills In Nigeria by afroxyz: 7:34pm On Aug 18, 2021 |
mickky22:
Goodday gurus
I also which to buy from primary market but all my efforts prove abortive.
I visited stanbic I was told the minimum amount to buy from primary is N50m and for me to buy from secondary market I need to have an account with them.
Please how do you manage t0 buy from primary market with less than N50m.
Thanks |
| Re: Treasury Bills In Nigeria by Seniorwriter(m): 7:35pm On Aug 18, 2021 |
QueenNemesis:
Exactly boss.
Genuine business owners were probably denied this opportunity but freely given to a student who has no business he is running.
I just tire. Loan wey I no want. SMH.... Try reach out to a financial lawyer for prompt counsel....BTW try and find out if your loan was actually #700k or if it was more! @SENIORWRITER 1 Like 1 Share |
| Re: Treasury Bills In Nigeria by afroxyz: 7:36pm On Aug 18, 2021 |
Tobex4realTobex234:
The government of the ban, the block and the freeze.
Zero innovation. Zero capacity. Zero ideas. Just be blocking and freezing and banning and expect miracles to open.
Rice. Banned yet rice price no come down
Borders. Closed yet no notable improvement
Crypto. Banned yet Nigeria still has the highest P2P transactions, and FX still no gree improve
Twitter. blocked yet people are still tweeting steady.
FX to BDC blocked yet naira rate no gree improve
So freezing account of fintechs is just another futile attempt by empty heads leading a collapsing zoo. I guess its okay to send your kids abroad, go for pilgrimage or medical tourism. But fintechs that have brought in more FDI than the FG in the past year are responsible for the Naira's decline. Yet these same regulators would not be swift in freezing the account of ponzi schemes that are fleecing Nigerians. I want to believe they are acting in good faith, so let's see how this plays out 4 Likes |
| Re: Treasury Bills In Nigeria by Ugmama(m): 7:45pm On Aug 18, 2021 |
QueenNemesis:
Good day everyone.
I am a 300 level student guy in a Fed Uni and what happened right now is just very funny and I think I need solid financial advice from the investment experts here. Everyone should please endeavour to contribute.
A distant uncle called me about a month ago that he has a connect to a FG grant and requested for my details. Immediately I heard that, I quickly forwarded him my BVN and other bank details. He later called me to inform me I have been registered.
Fast forward to about a week later. . .He then called me and started explaining that the stuff is a actually a LOAN not a GRANT and that his connect will take back 40% of it after I am credited. Immediately, I was confused. Because I am still a student and that kind of risk does not make any sense. Actually, if he had told me it was a LOAN initially I wouldn't have sent my details. I told him instantly that I am not interested in the package anymore since it is a LOAN and to even add salt to injury, one facilitator will demand 40% of it because he made it happen. Nah me and am go repay am?
About 5 days later, I got an SMS from NMFB that my loan has been approved and I should follow a link, input my details and get credited. I ignored this message and went about my business. A week after, I got another message from the same NMFB that they have created a NISRAL account or something for me. I was a bit confused and perplexed because I did not click on their link because I am not interested in their loan. I checked my account balance to reassure myself and it showed that no money was credited and I was a bit relieved.
Now, just about 20 minutes ago. I got a whopping 700k alert from NMFB for a loan I don't want.
The question I need to ask you elders is : What next for me? I must also add that my uncle demanded that if I get credited, I must pay that 40% to the facilitator guy but ofcourse I won't because I will not even inform him that I have been credited.
- Buy a tricycle and give to a rider? Because Obviously I can't drive it because I am a student
- Buy a piece of land and wait for it to appreciate
- Buy bitcoin and hold
- Buy dollars and keep
- jejely return the loan (I don't even know how to go about this!)
- others? (Please specify)
Emmanuelewumi
Ahiboilandgas
Lazyyouth
NL1960
Jedisco
Ultron12345
Ogogorofreak
Emmaodet
Tobex4realtobex
And others I can't remember.
Log on to nirsal official site, print your offer letter and find out the loan details. The initiator of the loan can get his share before you receive alert. I suggest you return back the money. 2 Likes 1 Share |
| Re: Treasury Bills In Nigeria by PresidentBuhari: 7:52pm On Aug 18, 2021 |
E go shock you say the guy don collect N300k or more before the N700k enter your hand, the additional N400k he seek maybe a more greedy plan to completely chop you raw. QueenNemesis:
Good day everyone.
I am a 300 level student guy in a Fed Uni and what happened right now is just very funny and I think I need solid financial advice from the investment experts here. Everyone should please endeavour to contribute.
|
| Re: Treasury Bills In Nigeria by QueenNemesis(m): 7:52pm On Aug 18, 2021 |
Ugmama:
Log on to nirsal official site, print your offer letter and find out the loan details.
The initiator of the loan can get his share before you receive alert.
I suggest you return back the money. I have visited their site. I don't know how to go about printing the loan details. Can you put me through sir/ma? I will be glad. |
| Re: Treasury Bills In Nigeria by QueenNemesis(m): 7:54pm On Aug 18, 2021 |
PresidentBuhari:
E go shock you say the guy don collect N300k or more before the N700k enter your hand, the additional N400k he seek maybe a more greedy plan to completely chop you raw.
Wow. Thanks for this. Then I need to be more proactive about finding the loan details and plotting how to eventually return it. |
| Re: Treasury Bills In Nigeria by sirrotex: 7:59pm On Aug 18, 2021 |
For every loan, there must be an application letter, offer letter, acceptance of offer and actual disbursement. The offer letter would state the loan amount, interest rate applicable and duration. Even though you may not be aware, all these documents were procured in your name and I suppose that the BVN requested for is the collateral. Where you are unable to repay this loan facility according to the payment terms then default charges would accrue. A lot of people see the NIRSAL loan as free money and national cake being that it's from the government but I assure you that it is not. My advise to you is to write a letter to the bank MD documenting what transpired and requesting them to reverse the transaction since you are not interested. Ensure you get a duly acknowledged copy for yourself. This should keep you free from any liabilities but it would cause bad blood between you and your uncle. My two cents QueenNemesis:
Good day everyone.
I am a 300 level student guy in a Fed Uni and what happened right now is just very funny and I think I need solid financial advice from the investment experts here. Everyone should please endeavour to contribute.
A distant uncle called me about a month ago that he has a connect to a FG grant and requested for my details. Immediately I heard that, I quickly forwarded him my BVN and other bank details. He later called me to inform me I have been registered.
Fast forward to about a week later. . .He then called me and started explaining that the stuff is a actually a LOAN not a GRANT and that his connect will take back 40% of it after I am credited. Immediately, I was confused. Because I am still a student and that kind of risk does not make any sense. Actually, if he had told me it was a LOAN initially I wouldn't have sent my details. I told him instantly that I am not interested in the package anymore since it is a LOAN and to even add salt to injury, one facilitator will demand 40% of it because he made it happen. Nah me and am go repay am?
About 5 days later, I got an SMS from NMFB that my loan has been approved and I should follow a link, input my details and get credited. I ignored this message and went about my business. A week after, I got another message from the same NMFB that they have created a NISRAL account or something for me. I was a bit confused and perplexed because I did not click on their link because I am not interested in their loan. I checked my account balance to reassure myself and it showed that no money was credited and I was a bit relieved.
Now, just about 20 minutes ago. I got a whopping 700k alert from NMFB for a loan I don't want.
The question I need to ask you elders is : What next for me? I must also add that my uncle demanded that if I get credited, I must pay that 40% to the facilitator guy but ofcourse I won't because I will not even inform him that I have been credited.
- Buy a tricycle and give to a rider? Because Obviously I can't drive it because I am a student
- Buy a piece of land and wait for it to appreciate
- Buy bitcoin and hold
- Buy dollars and keep
- jejely return the loan (I don't even know how to go about this!)
- others? (Please specify)
Emmanuelewumi
Ahiboilandgas
Lazyyouth
NL1960
Jedisco
Ultron12345
Ogogorofreak
Emmaodet
Tobex4realtobex
And others I can't remember.
4 Likes |
| Re: Treasury Bills In Nigeria by QueenNemesis(m): 8:17pm On Aug 18, 2021 |
QueenNemesis:
Good day everyone.
I am a 300 level student guy in a Fed Uni and what happened right now is just very funny and I think I need solid financial advice from the investment experts here. Everyone should please endeavour to contribute.
A distant uncle called me about a month ago that he has a connect to a FG grant and requested for my details. Immediately I heard that, I quickly forwarded him my BVN and other bank details. He later called me to inform me I have been registered.
Fast forward to about a week later. . .He then called me and started explaining that the stuff is a actually a LOAN not a GRANT and that his connect will take back 40% of it after I am credited. Immediately, I was confused. Because I am still a student and that kind of risk does not make any sense. Actually, if he had told me it was a LOAN initially I wouldn't have sent my details. I told him instantly that I am not interested in the package anymore since it is a LOAN and to even add salt to injury, one facilitator will demand 40% of it because he made it happen. Nah me and am go repay am?
About 5 days later, I got an SMS from NMFB that my loan has been approved and I should follow a link, input my details and get credited. I ignored this message and went about my business. A week after, I got another message from the same NMFB that they have created a NISRAL account or something for me. I was a bit confused and perplexed because I did not click on their link because I am not interested in their loan. I checked my account balance to reassure myself and it showed that no money was credited and I was a bit relieved.
Now, just about 20 minutes ago. I got a whopping 700k alert from NMFB for a loan I don't want.
The question I need to ask you elders is : What next for me? I must also add that my uncle demanded that if I get credited, I must pay that 40% to the facilitator guy but ofcourse I won't because I will not even inform him that I have been credited.
- Buy a tricycle and give to a rider? Because Obviously I can't drive it because I am a student
- Buy a piece of land and wait for it to appreciate
- Buy bitcoin and hold
- Buy dollars and keep
- jejely return the loan (I don't even know how to go about this!)
- others? (Please specify)
Emmanuelewumi
Ahiboilandgas
Lazyyouth
NL1960
Jedisco
Ultron12345
Ogogorofreak
Emmaodet
Tobex4realtobex
And others I can't remember.
UPDATEAfter intense research, I got a link to verify the loan terms and the amount disbursed was exactly 750k. Below is the image.( I erased all personal details) |
| Re: Treasury Bills In Nigeria by PerfectMatchNG: 8:49pm On Aug 18, 2021 |
QueenNemesis:
UPDATE
After intense research, I got a link to verify the loan terms and the amount disbursed was exactly 750k.
Below is the image.( I erased all personal details) Return it 1 Like |
| Re: Treasury Bills In Nigeria by Ugmama(m): 10:26pm On Aug 18, 2021 |
QueenNemesis:
I have visited their site. I don't know how to go about printing the loan details.
Can you put me through sir/ma? I will be glad.
You may go to a Cafe, they can assist you with the navigation. Those guys are pro with nirsal loan. |
| Re: Treasury Bills In Nigeria by igbonla(m): 10:36pm On Aug 18, 2021 |
. |
| Re: Treasury Bills In Nigeria by jmoore(m): 10:58pm On Aug 18, 2021 |
QueenNemesis:
Exactly boss.
Genuine business owners were probably denied this opportunity but freely given to a student who has no business he is running.
I just tire. Loan wey I no want. I applied for the loan, applied for my mother, 2 brothers, 1 sister in law. None of us has been approved. You are lucky oh. If you can get cheap land at 500,000 or less, use it to buy a plot of land. Then invest the remaining in something else that will generate money to service the loan. |
| Re: Treasury Bills In Nigeria by oluayebenz: 12:23am On Aug 19, 2021 |
handsomebolanle:
The kind of Corruption that's devaluing our system. Imagine..... Nigerians are the problems of Nigeria. They will find all avenue to corrupt the system! 2 Likes |
| Re: Treasury Bills In Nigeria by Adinije(f): 7:18am On Aug 19, 2021 |
emmanuelewumi:
Haba, account opening is now with zero Naira if done online but N1 million if don't offline. The new policy started about 2 months ago FGN bonds |
| Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:31am On Aug 19, 2021 |
Adinije:
After so many back and forth, Stanbic has opened the CSCS account for me. Pls what is the next step to buying FGN bonds Fund your account, ask them to forward the list of available bonds to you. Make your choice and buy |
| Re: Treasury Bills In Nigeria by Adinije(f): 7:43am On Aug 19, 2021 |
emmanuelewumi:
Fund your account, ask them to forward the list of available bonds to you.
Make your choice and buy I |
