₦airaland Forum

ezef2k4:
Where una dey see this money?

Neurotika:
Well, I guess it depends on how much you're trying to take out from them. I was handed a form to fill when I wanted pulling out 18m few weeks back. This is almost 4 days after sending them a mail. But another FM (and it's not even one of the popular ones) liquidated 54m for me the same day I sent them a mail request. Different strokes perhaps….

sky404:
But is it wise to put in Huge amounts of money in a money market fund??
what if the fund manager liquidates as commercial banks often do??

At least with commercial banks,
You can Get your money back through NDIC, should the Bank liquidates.
as all deposits from 5m & below are all insured by NDIC.
Therefore,
You are Guaranteed Getting your money back, should the Bank folds.

But can same be said of fund managers of money market fund in Nigeria??
where people put in more than 5m & in some case 50m & above??

I just want to know,
what if the fund manager folds up today,
what happens to our funds in there,
as money market fund is NOT insured by NDIC

I just want to learn,pls.

sky404:
At least with commercial banks,
You can Get your money back through NDIC, should the Bank liquidates.
as all deposits from 5m & below are all insured by NDIC.
Therefore,
You are Guaranteed Getting your money back, should the Bank folds.

sky404:
But is it wise to put in Huge amounts of money in a money market fund??
what if the fund manager liquidates as commercial banks often do??

At least with commercial banks,
You can Get your money back through NDIC, should the Bank liquidates.
as all deposits from 5m & below are all insured by NDIC.
Therefore,
You are Guaranteed Getting your money back, should the Bank folds.

But can same be said of fund managers of money market fund in Nigeria??
where people put in more than 5m & in some case 50m & above??

I just want to know,
what if the fund manager folds up today,
what happens to our funds in there,
as money market fund is NOT insured by NDIC

I just want to learn,pls.

ezef2k4:
Where una dey see this money?

AncestralPowers:
Please don't get discouraged investing the little money you have, just because someone is mentioning huge sum he/she had invested or withdrew.

Some of us here are over 50yrs of age, we have worked our entire life, and we also have a huge number of abroadians here, who earn in foreign currencies and invest in Nigeria directly, and many abroadians had been doing that for decades, and you cannot compare yourself with such people.


However, I would advise those of us with millions/billions in investments to avoid calling numbers, so that those of us with peanuts won't get discouraged to invest the little we have...

Investment is a matter of slow and steady process, and time is your biggest advantage.

emmaBS:
Rather, number calling by people with huge investments inspires motivation, not discouragement.

emmaBS:
Rather, number calling by people with huge investments inspires motivation, not discouragement.

pluto09:
How can one register with trust bank mmf directly since we can't do that through cowrywise again

AncestralPowers:
Please don't get discouraged investing the little money you have, just because someone is mentioning huge sum he/she had invested or withdrew.

Some of us here are over 50yrs of age, we have worked our entire life, and we also have a huge number of abroadians here, who earn in foreign currencies and invest in Nigeria directly, and many abroadians had been doing that for decades, and you cannot compare yourself with such people.


However, I would advise those of us with millions/billions in investments to avoid calling numbers, so that those of us with peanuts won't get discouraged to invest the little we have...

Investment is a matter of slow and steady process, and time is your biggest advantage.

Neurotika:
This issue has been thrashed severally here though. But to reiterate, a money market fund isn't the same as a bank deposit. Drop money in a bank, and it becomes their problem…they lend it out, and if they collapse, your fate is same as any other creditor out there.

A money market fund works quite differently. You're buying units in a pool of financial assets (mostly Treasury bills and other short-term high grade commercial papers).

That pool doesn't sit with the fund manager. It's held separately by a custodian, overseen by a trustee, and the manager just handles the investments. If the fund manager goes under, your assets are still with the custodian.

So the main risk (regarding permanent loss of funds) shifts entirely to what's inside that asset pool. In Nigeria, SEC regulates this area heavily and requires most of it to be Treasury bills. Which means the real question isn't whether the fund manager is solid but whether you trust the government to fulfill its debt obligations.

emmasoft:
Safety of funds in MMF and the mention of invested Figures

@Neurotika, @AncestralPowers, @Preator, and others, thanks for your contributions.

As a rule in investing, anyone promising an investment without risk should make you very cautious and be wary of such promises. There is no investment without risk. The proper way to look at investments is by their risk level: low, medium, or high, which is the industry standard. You, as an investor, should determine and recognize your risk tolerance and investment objective to enable you to pick an investment in any or all the categories.

As already mentioned, the issue of the safety of funds in Money Market Funds (MMF) has been addressed by many of my earlier posts and other contributors on this forum.

@sky404, what if I tell you that money in MMF can actually be safer than money in an MDB when you consider what NDIC actually insures? You can read more on MMF from this thread or other reliable sources to guide yourself.

Also, when building an investment culture, seeing others mention big figures should motivate you, not intimidate or discourage you.

I recently introduced a colleague and a Nairaland forum member to stock investing. They were very excited to receive a dividend of less than ₦500. It may sound small, but the joy of seeing your money work for you is priceless.

Yes, some people received millions in dividends from the same stock, but there is no magic or cheating in investing; you earn according to what you put in. The important thing is starting and staying consistent.

Even if someone mentions big figures to intimidate or show off, if you understand what you are doing and your investment objectives are clear, you will interpret it differently and protect your mental health.

Investment is personal, even though we learn together.

To everyone on the path to financial freedom, kudos, and keep it up.
Remember, it’s not the size of the investment that matters most, but the consistency of putting in little by little over time.

Happy weekend, everyone.

Bluearrow:
Nothing we won't see on this thread
How can someone be calling number termed intimidation? On a faceless forum? Some persons call these numbers just to portray their point better. If u can see it as intimidation u have self esteem issues gosh!
It should even serve as more of a motivation, it gives u an idea of the kind of funds people have in these platforms, that way u feel relaxed & less fearful regardless of your amount.

We just saw someone saying if his funds is safe in mmf, imagine such a person had 10m & seeing others saying they dumped 100m there, I believe he will be more relaxed. People should be free to express their point however they like, I don't see how this translates to intimidation at all.

Bluearrow:
Nothing we won't see on this thread
How can someone be calling number termed intimidation? On a faceless forum? Some persons call these numbers just to portray their point better. If u can see it as intimidation u have self esteem issues gosh!
It should even serve as more of a motivation, it gives u an idea of the kind of funds people have in these platforms, that way u feel relaxed & less fearful regardless of your amount.

We just saw someone saying if his funds is safe in mmf, imagine such a person had 10m & seeing others saying they dumped 100m there, I believe he will be more relaxed. People should be free to express their point however they like, I don't see how this translates to intimidation at all.

Coolis:
It's not about low self esteem issue here bro. This group is not only about investment, it's also an educational platform. From the submission of @Emmasoft and others, we can see clearly the benefits of calling figures, which is meant to encourage double minded individual about our common investment(MMF).

But, if you have been paying attention to some comments like " where una dey see this money from" after someone mentioned figure in previous thread, then, you will understand my point. Nigeria is still the poverty headquarter of the world, l learnt we overtook India again recently, l stand to be corrected. Now, we can conclude that mentioning figures has dual purposes/pros and cons. While someone's faith maybe encouraged, others may see it as oppression.

Me, am running my race at my pace and in my lane. Not in any competition with nobody. So low self esteem is out of the question. One love, just trying to make common sense

Iamblessed8888:
Trustbanc issues commercial papers via UCML capital

Alaska90:
I hope this is not a sign of wahala in the house oh

Alaska90:
I hope this is not a sign of wahala in the house oh

djavo:
Why TrustBanc is offering it

Companies in the TrustBanc group have issued commercial papers before to raise funds, including several billions of naira through the FMDQ market.

They have also redeemed past commercial papers at maturity, which is a positive sign for credit reliability.

So offering CP is normal for asset managers and financial groups.
Source: Chatgpt, March 2026.

Creditalerts:
download trustbanc prime pro from play store


You can also follow them on Instagram for investment information/updates

LoriHamo:
What are those companies?....

Their products? Services?.....Any idea?

Good morning all

jp130:
The app is returning invalid bvn when I tried to register through asset management.

What's the way forward please?

ManAdii:
My marriage with Stanbic Ibtc fund managers end today.
You can't imagine my level of frustration right now. To redeem my own fund too.

Na wa

ManAdii:
My marriage with Stanbic Ibtc fund managers end today.
You can't imagine my level of frustration right now. To redeem my own fund too.

Na wa