₦airaland Forum

megawealth01:
Which JP?

emmanuelewumi:
Discipline and consistency is the koko, it will always beat intelligence and technical skills in the stock market.

I belong to a WhatsApp group where ordinary people have built substantial wealth through NGX and no big deal in Mankind achievement.

It is achievable if we have the patience, discipline and consistency

brotherly:
It’s becoming clearer that ego is the tool the enemy wants to use to ruin things here .

people used 'I Too Know' (ITK) to silence Loco, who was a net blessing to this forum. I repeat — a net blessing. Not all his picks hit the mark, but we have more wins from his recommendations than misses. Even the ones that seemed like misses were often good picks where he simply misjudged the timing.

Now the thread will stretch to four pages, and all of it will be arguments about who knows more than whom.

I have my primary sources for getting my picks, but this forum helps me in two ways: it provides secondary validation for some picks, and sometimes it offers options for me to research further.

I bought Ecobank at ₦29 but wasn’t patient enough to wait for the rally. If I had heeded Nosa’s call to re-enter, I know how much I would have made.

Please — we are here to make money. make una chill

megawealth01:
Abeg post am as I dey enjoy your sincerity jare

brotherly:
It’s becoming clearer that ego is the tool the enemy wants to use to ruin things here .

people used 'I Too Know' (ITK) to silence Loco, who was a net blessing to this forum. I repeat — a net blessing. Not all his picks hit the mark, but we have more wins from his recommendations than misses. Even the ones that seemed like misses were often good picks where he simply misjudged the timing.

Now the thread will stretch to four pages, and all of it will be arguments about who knows more than whom.

I have my primary sources for getting my picks, but this forum helps me in two ways: it provides secondary validation for some picks, and sometimes it offers options for me to research further.

I bought Ecobank at ₦29 but wasn’t patient enough to wait for the rally. If I had heeded Nosa’s call to re-enter, I know how much I would have made.

Please — we are here to make money. make una chill

leo1234:
I like it when people are sincere and straight to the point.

Nosa2 has repeatedly said no one should trust or follow him blindly. I like to deal with such individuals in real life, not the wolf in sheep clothing kind of people.

I am surprised that Mankind2024 is disturbed by people's divergent opinions on his billionaire status in a faceless forum. Why do expect everyone to align with you in the first place I guess you now know how it feels to rubbish one's sincere opinion or contribution. When Stockpromoter was genuinely carrying out sensitization about the insurance sector, you personally took it upon yourself to make this thread unbearable for him. Now you expect everyone to follow you hook, line and sinker. Life doesn't work that way. Congratulations on your billionaire status.

Much respect nosa2 🤝
Please don't allow them chase you away from this thread.

Mankind2024:
A Lesson from Our Ancestors: Breaking the Silence on Generational Wealth in Yoruba Nigeria

In Yoruba culture, discussing personal financial milestones has long been regarded as a near-taboo—something sacred, almost profane to voice aloud. Wealth, like certain family secrets, was to be guarded in silence. Today, that reticence is not only persisting but, in many ways, worsening.

Yesterday, I shared on Nairaland forum, NSEMPA session—my quiet satisfaction at crossing a milestone in liquid paper assets. The response was swift and telling: a chorus of criticism, envy, belligerence, scepticism, and even scam accusations. Barely an hour later, the Sunday Punch of 19 April 2026 carried a stark headline: the Federal Government of Nigeria had borrowed ₦100 billion from unclaimed dividends and dormant bank accounts, converting private wealth into public securities.

https://punchng.com/govt-borrows-n100bn-from-unclaimed-dividends-dormant-accounts/?amp

The parallel was impossible to ignore. Just as many of our forebears toiled in silence and left their paper assets undisclosed to their children, a new generation risks repeating the same tragedy. Under my own roof, my wife knows I am “doing well,” yet I have never sat her down to reveal that I hold more than 6 figure in the US markets and over a 10 figure in the Nigerian stock market. The spirit of frugality that once served our ancestors now inhibits openness—even as modern safeguards such as BVN, NIN, CSCS accounts, probate registries, and next-of-kin provisions on rights issues have made succession far simpler than in their day.

No one should be shocked if a disproportionate share of Nigeria’s swelling pool of unclaimed dividends and dormant funds belongs to Yoruba owners. This is the hidden cost of a culture that prizes family trust yet breeds distrust in practice. Nigeria is still evolving, and the consequences are painful.

Determined to do better, I consulted more than two lawyers about establishing a Family Investment Corporation (FIC) in 2025—a flexible, multi-jurisdictional vehicle common in international estate planning that allows controlled, tax-efficient wealth transfer across borders. Their blank stares revealed how unfamiliar the concept remains in our legal landscape. Traditional trusts fell short of my needs for assets spanning continents. The closest practical option they offered was a traditional will, while i got a proposal for a comprehensive will from Stanbic IBTC Trustees, with an initial setup fee of ₦333,250 plus ongoing charges and executor fees at 3 percent of asset value.

That 3 percent figure stopped me cold. For those of us quietly building substantial portfolios abroad—countries we may never even have visited—the prospect of handing over tens of millions of naira to a corporate executor we have never benefited from in life feels like an unacceptable surrender. I suspect many readers share this instinctive recoil. Hours of YouTube research on FICs only reinforced my doubts about their feasibility within Nigeria’s unique regulatory environment.

Yet glimmers of progress are appearing. The Central Securities Clearing System (CSCS) has just introduced joint accounts and family-linked investment features, offering a simpler, lower-cost way for families to manage and transfer portfolios collaboratively without the heavy hand of corporate trustees. For domestic holdings, this could prove a fair and practical bypass.

https://punchng.com/cscs-launches-joint-account-feature-for-collaborative-investing/

The foreign portfolios, however, remain the greater vulnerability. What becomes of them when “the end of all living beings” arrives? A recent UK government list of unclaimed estates highlighted dozens of Nigerians—many of Yoruba origin—who died intestate, leaving pensions, properties, and savings to be absorbed by the Crown. These were hardworking people who spent lifetimes building wealth only to forfeit it through silence. The same story repeats across the diaspora wherever Yoruba sons and daughters have travelled and prospered

https://www.gov.uk/government/statistical-data-sets/unclaimed-estates-list

This is no longer merely a cultural quirk; it is a generational pattern that must end with us. The Book of Ecclesiastes declares it plainly: “Vanity of vanities, all is vanity.” After a lifetime of toil and sacrifice, what greater pain could there be than watching one’s legacy vanish into government coffers that offered little care in return?

The question I now put to this forum—and to the lawyers and elders among us—is simple yet urgent: Is it truly wise to part with tens or even hundreds of millions in executor fees for structures that feel misaligned with our realities? Or can we, as a people who have always prized education and enterprise, innovate solutions that honour both our cultural roots and the borderless world our children will inherit?

By God’s grace and mercy, I intend to reach more milestone status before I exit this world. When that day comes, I refuse to let my life’s work become another cautionary tale. The lesson from our parents must be learned—not repeated.

What are your thoughts? Lawyers, elders, fellow wealth-builders—how do we protect what we have built for those who come after us? The silence has cost us enough. It is time to speak.

emmanuelewumi:
You can transfer some of your assets to your beneficiaries and dependants while you are here, you can also transfer to a Trust.

Please note that Estate tax at 10% of the value of the assets will be paid to the state government.

Executors of the Will , will also charge 5% to 10%.


The 3% by Stanbic IBTC Trustees is fair enough

brotherly:
It’s becoming clearer that ego is the tool the enemy wants to use to ruin things here .

people used 'I Too Know' (ITK) to silence Loco, who was a net blessing to this forum. I repeat — a net blessing. Not all his picks hit the mark, but we have more wins from his recommendations than misses. Even the ones that seemed like misses were often good picks where he simply misjudged the timing.

Now the thread will stretch to four pages, and all of it will be arguments about who knows more than whom.

I have my primary sources for getting my picks, but this forum helps me in two ways: it provides secondary validation for some picks, and sometimes it offers options for me to research further.

I bought Ecobank at ₦29 but wasn’t patient enough to wait for the rally. If I had heeded Nosa’s call to re-enter, I know how much I would have made.

Please — we are here to make money. make una chill

Mankind2024:
No, Nigeria does not have a federal estate tax or inheritance tax.
Nigeria abolished its old Capital Transfer Tax (which covered gifts and inheritances) in 1996, and the recent Nigeria Tax Act (NTA) 2025 (effective from 2026) did not reintroduce any direct estate tax, inheritance tax, or wealth tax on the transfer of assets upon death, but not sure about interstate.

Mankind2024:
Abeg, spare us this emotional sermon about 'ego ruining things on a Monday morning.
The same ego you’re crying about is what made you buy Ecobank at ₦29 and run away like a scared chicken instead of showing patience — the very patience you now claim others lack. But when Loco speaks, suddenly everyone must worship and wait like it's the gospel.
It’s actually funny how some grown men come to NSEMPA hunting for saviours and 'net blessings' like Loco is some messiah. You want secondary validation? Research your damn self! Out of 160+ stocks and ETFs, you can’t even pick and study 5 with conviction? Instead, you dey cry like orphan because one ghost-mode Loco no dey post again.
Warren Buffett and Charlie Munger described exactly your type: people who cannot think for themselves, always looking for stock pickers, insider tips, and market timing shortcuts. They end up bag holders, not wealth builders.
Mr Emmanuel already dropped the truth: consistency, discipline, and patience beat brilliance and TA every single day. But you people no dey hear word. You prefer to stretch threads into four pages of 'who knows more' while waiting for Loco to feed you picks like babies.
Many have come and gone — Mr OGG, Mr Chibukum, Yayira, and others. Nobody cried or wrote emotional essays when they left. But today, because Loco don enter ghost mode, una dey wail like widows.
Wake up, bro. No one is staying here forever. Soldier go, soldier come, barracks remain. Loco don already chop his own from this forum — using hype to offload bags on people who refuse to learn basic independence.
Stop looking for gods among men. Stop begging for picks like it's charity. Learn to do your own research, take responsibility, and stop blaming 'ego', village people, or whoever offended Loco for your inability to build wealth.
This forum is not a welfare scheme for lazy investors. Make una chill with the emotional blackmail.

SonofElElyonRet:
For Ellah, I have reserved 500,000 units just in case Chuka does the unexpected. Don't have my hopes high though... Exited VFD long time ago.. good luck to those still in the bus. Only have Ellah and Japaul now. Will buy dangote refinery and fertilizer when the time comes... Possibly flutterwave when they come to the market

pluto09:
Nosa himself na wahala. I think he is more gentle now probably because of age.

Zeewirld:
...how can you compare VFD with Ellah lake Light and dark??

emmanuelewumi:
Time and compounding will do the rest if you start early.


Na our so called smartness and not keeping things simple that does not allow majority of us to build wealth in the market.

eziokwunwoko:
Ostitadima1: Good evening, pls your earlier fair value of PZ at N115. Based on Q3 results released of EPS of 9.40. Does this fair value still stand.
Appreciate your response

leo1234:
Many people silently benefited from Loco's posts on this thread but people hardly drop any word of encouragement when he is been attacked here.
Take a look at the fundamentals not even the price appreciation of all the stocks recommended by Stockpromoter, they did well in terms of growth. Eg chams, champions, NPFMCRFBK etc. He also clearly stated that japaulgold is for Jijo currently


What's the essence of this thread without stock picks and recommendations

I am glad access to information is no longer difficult like before. I get most of the information I need from X, YouTube, discord, WhatsApp etc. Even AIs like chatGpt can help you with analysis.


We are not interested in anyone's personal achievements here except you want to give out donations

leo1234:
I like it when people are sincere and straight to the point.

Nosa2 has repeatedly said no one should trust or follow him blindly. I like to deal with such individuals in real life, not the wolf in sheep clothing kind of people.

I am surprised that Mankind2024 is disturbed by people's divergent opinions on his billionaire status in a faceless forum. Why do expect everyone to align with you in the first place I guess you now know how it feels to rubbish one's sincere opinion or contribution. When Stockpromoter was genuinely carrying out sensitization about the insurance sector, you personally took it upon yourself to make this thread unbearable for him. Now you expect everyone to follow you hook, line and sinker. Life doesn't work that way. Congratulations on your billionaire status.

Much respect nosa2 🤝
Please don't allow them chase you away from this thread.

ositadima1:
What exactly does “keeping things simple” mean? Why do you think people in Technical Analysis aren’t making money? Do you have any data or poll to support the claim that TA has never produced outsized returns in the market?

You keep repeating that making billions is possible, did anyone even argue that it isn’t? You describe yourself as a “simple investor,” whatever that means, and it works for you. So why are you constantly attacking people who approach things differently?

We’ve had this argument before, about simple math versus more sophisticated methods. Do you have any real evidence that TA doesn’t work? Don’t bring quotes from Meta AI, that’s one of the least reliable AI. Bring actual proof. If you can’t, stick to what you know and let others operate their own way.

And regarding the person you’re defending, the attention-seeking behavior is obvious.

megawealth01:
The FBN man

emmanuelewumi:
I was in the bar yesterday for Sunday Faaji. The Hypeman kept on saying, it it is not making money it is not making sense.


I think I now agree with him.

Agbalowomeri:
Be like you still get hangover abi na the hype man don high

Mankind2024:
Omoosi, your comments read like a mix of envy, bitterness, and grandiose delusion. Don’t project your insecurities onto me. Labelling someone an attention seeker on a faceless forum doesn’t make your argument stronger — it only exposes the weakness behind it.
Knowledge is useless when it is clouded by resentment. You may disagree with me, but reducing everything to jealousy-driven attacks says more about your mindset than my posts. A million voices repeating the same accusation won’t intimidate me. I’ve engaged in tougher debates than this, and I’m comfortable standing my ground.
If my contributions irritate you that much, use the block button. It exists precisely for situations like this. What doesn’t make sense is hovering around content you claim to dislike while adding nothing of value yourself.
Your tone is unnecessarily combative, and your reasoning lacks substance. Debate the ideas, challenge the analysis, or move on — but the constant hostility only weakens your credibility.

nosa2:
So you actually think I post my buy/sell mandates in order to draw liquidity? You should know better, how much liquidity is there on the whole Nairaland, how much liquidity is needed to move Zenith Bank 20%. I want to get attention to a valuation method and get the community to see the benefits of having a forum like ngxforum.com These benefits have been earlier stated.

Anyway this is not about me so no put me for center stage.

P.S I already have my next two stocks but I won't be marketing until after I buy.