₦airaland Forum

sterlingD:
I got the response from my stockbroker who l been on their neck for update.

Navigate bamboo platform they should have email address for contact.Dont they send you newsletters and stock watchlist and any form of updates

ololufemi:
My brother, 13% derivation fund is not small if the money was piped directly towards the Local Government Areas where the resources are extracted from.

The resource derivation fund should not go to the State but go ditectly to the Local Government Area where those resources are situated and extracted.

WhizdomXX:
They do. Those addresses are not programmed to receiving emails I guess. Will check on the platform, Thanks. Also, I wanted to know how recent their reply was.

sterlingD:
I asked my stockbroker on the 21 st of September and later this same day towards close of business l got the attached response.

Try the email below if they will respond
support@investbamboo.com

ololufemi:
My brother, 13% derivation fund is not small if the money was piped directly towards the Local Government Areas where the resources are extracted from.

The resource derivation fund should not go to the State but go ditectly to the Local Government Area where those resources are situated and extracted for development purposes and social projects.

Streetinvestor2:
You like truth but can't demand same from the drug baron concerning everything about his life and dealings...hypocrite
Why not say the debt that was generated during obi tenure as Governor for 8 yrs that was not cleared. You are transferring debts that was generated before his government that was possibly not cleared

He said u should verify debts that was generated during his tenure.Then contracts executed during his tenure and approved for payments he did not pay
Stop being half wise.by bringing all manner of carry over to him

ghm:
Another truth: the standard has become so low in this country that we compare someone who lies twice to someone who lies a hundred times—as if the first is a saint. A lie is a lie.

Handover shouldn't just be assets. It should be assets and liabilities. To think he didn't know what he did is either childish or ignorance.

What I said was: if he had declared it as it is all this while, he wouldn't be explaining and explaining now. Rufai Oseni asked the same question—why hasn't he ever mentioned it until Soludo's government flagged it?

A higher standard is required from someone who publicly vouches for his honesty.

mikeapollo:
Fair point to make. But are we applying the same rule consistently?
In order words, you expect someone to show 100% integrity or perfection in what he/she says or gives as his account.
Do you apply the same standard, yardstick to others as well, in every other issue or matter?
Do you expect one person to be 100% in integrity, but ready to condone less integrity with excuses when it concerns others?.

Just asking so I can be educated

mikeapollo:
;Local Governments in Nigeria are the most inept, clueless and incompetent layer in governance. They are just almost useless. The so called autonomy and direct allocations may lead to catastrophe.
Can LGs handle pensions of primary school teachers, workers, road construction, water supply etc?

ghm:
Fair question. Let me answer it directly.

Yes, I apply the same standard. And that's the point.

If someone else—Obasanjo, Buhari, Jonathan, any governor, any minister—declared only assets and hid liabilities, I would say the same thing. Handover is assets and liabilities. Full stop.

But here's the distinction I'm drawing: I am not demanding 100% perfection. I am demanding 100% disclosure.

There is a difference between being flawless and being transparent. No human is flawless. But anyone who holds public office and publicly claims honesty is held to a standard of complete disclosure, not selective disclosure. That is not perfection—that is the minimum.

The person in question did not accidentally omit the debts. For 12 years, he never mentioned them. He only acknowledged them when Soludo's government flagged it. That is not a mistake. That is a pattern of selective truth-telling.

On consistency:

You ask if I condone mediocrity in others. No. But there is a hierarchy of accountability:

A private citizen who lies about their finances is a private matter.
A public officeholder who lies about their finances is a public matter.
A public officeholder who publicly vouches for their own honesty and then selectively discloses—that is a breach of public trust.

The standard is not "perfection." The standard is honesty about what you know and what you owe. He failed that standard. If someone else fails it, I will say the same.

So yes—apply the same rule. That is exactly what I am asking for.

ghm:
Fair question. Let me answer it directly.

Yes, I apply the same standard. And that's the point.

If someone else—Obasanjo, Buhari, Jonathan, any governor, any minister—declared only assets and hid liabilities, I would say the same thing. Handover is assets and liabilities. Full stop.

But here's the distinction I'm drawing: I am not demanding 100% perfection. I am demanding 100% disclosure.

There is a difference between being flawless and being transparent. No human is flawless. But anyone who holds public office and publicly claims honesty is held to a standard of complete disclosure, not selective disclosure. That is not perfection—that is the minimum.

The person in question did not accidentally omit the debts. For 12 years, he never mentioned them. He only acknowledged them when Soludo's government flagged it. That is not a mistake. That is a pattern of selective truth-telling.

On consistency:

You ask if I condone mediocrity in others. No. But there is a hierarchy of accountability:

A private citizen who lies about their finances is a private matter.
A public officeholder who lies about their finances is a public matter.
A public officeholder who publicly vouches for their own honesty and then selectively discloses—that is a breach of public trust.

The standard is not "perfection." The standard is honesty about what you know and what you owe. He failed that standard. If someone else fails it, I will say the same.

So yes—apply the same rule. That is exactly what I am asking for.

mikeapollo:
;Local Governments in Nigeria are the most inept, clueless and incompetent layer in governance. They are just almost useless. The so called autonomy and direct allocations may lead to catastrophe.
Can LGs handle pensions of primary school teachers, workers, road construction, water supply etc?

Dupeodus:
Totally agree with you. However, this is because of the way Nigeria had been operating the various tiers of government. The fact is that the LGs are the tier of government closest to the people. They should be the engine of growth. We cannot because of today's deficiency not do what is right. Once the local governments are made as important as they should be with funds going directly to them, even though there will be waste at the beginning, credible and competent people will begin to take interest in them. People will begin to contest for their political offices. Ambode was working as local governments accountant when Tinubu noticed him at a time Obasanjo was squeezing Lagos State of local governments funds.

ppogba:
They get more allawee than the other regions. 13% derivation is still there. NDDC, MIN OF NIGER DELTA amongst others. Check the FAAC list on a monthly basis.

mikeapollo:
Okay. You gave a good response and made strong defense. Well, appreciated.

What about someone:
i. who said that they had already met the revenue target for the year in August, but it was discovered to be untrue, and the country went ahead to borrow to support the national budget after he made such comment?
ii. who congratulated the NNPC in 2024 saying the refinery in PH had been successfully repaired and has started refining crude oil to petroleum. But it now turned out that it is false and they still continue to import refined products?

Just asking to be educated.
I have refrained from mentioning names so people would not know who I am referring to and read mischievous meanings into the discussion (some people are just amebo)

crownprince2017:
I think this is out of the context. You are very blind to the truth may be intentionally or unintentionally I can't say but what that guy was trying to clarify is very clear.
There is difference between someone trying to paint himself saint and someone who never claim to be, the public knows anyone in that trade(politics ) is far from being a saint.
Instead of you to say the truth in plain language you want to start another argument entirely to derail the thread..

In the process of claiming saint, the truth comes out plain, you then have to start twisting the evidence against you.
If you were saint, your argument should be, that is a lie. I never borrowed any funds as earlier claimed not talking about the quantum of the debt or how it's not a debt like that.

ghm:
Another truth: the standard has become so low in this country that we compare someone who lies twice to someone who lies a hundred times—as if the first is a saint. A lie is a lie.

Handover shouldn't just be assets. It should be assets and liabilities. To think he didn't know what he did is either childish or ignorance.

What I said was: if he had declared it as it is all this while, he wouldn't be explaining and explaining now. Rufai Oseni asked the same question—why hasn't he ever mentioned it until Soludo's government flagged it?

A higher standard is required from someone who publicly vouches for his honesty.

presiade:
GTB has announced the board meeting date for the Q3 of 2026, yet the CBN is still holding their jugular on the audited H1 result.

Wetin CBN and Cardoso dey do self? What are they up to, or are they also mopping up some of the shares? 😅

jonnysessy:
He who holds someone captive on the floor, is invariably holding himself on the ground too. Last last they must surely release these results (with this their over-regulation). They have no choice.

GeeKudi:
Today's testimony of integrity "As seen on the Internet"

Stockpromoter:
🚨 AVACAP: WHY ₦7.50 OR MORE DESERVES SERIOUS ATTENTION

The question is not simply: “Why is AVACAP below ₦7.50?”

The better question is:

“Has the business become less valuable since it listed at ₦7.50 — or has the market simply not fully priced in what the company is becoming?”

Look at the numbers.

💰 1. H1 2026 ALONE CHANGED THE STORY

AVACAP generated approximately ₦1.02 billion PAT in H1 2026, with about ₦942 million attributable to the parent.

That is a remarkable result compared with its ₦614 million FY2025 PAT.

A company producing more profit in six months than it produced in the entire previous year deserves serious valuation attention.

🧮 2. A SIMPLE EARNINGS-BASED VALUATION CHECK

Using H1 2026 PAT of approximately ₦1.02 billion, a simple annualization produces estimated FY2026 PAT of about ₦2.04 billion.

Using the attributable figure of ₦942 million, annualized attributable earnings would be approximately ₦1.88 billion.

Assumptions: H2 earnings are broadly similar to H1 earnings; no major one-off items materially distort H1; and the share count remains approximately 5 billion shares.

On that basis, the original ₦37.5 billion market capitalization at ₦7.50 implies:

- Approximately 18.4x annualized group PAT
- Approximately 20.0x annualized attributable earnings

A reasonable illustrative implied P/E range of 15x–20x on annualized attributable earnings would suggest an equity value of approximately ₦28.2 billion–₦37.7 billion, or about ₦5.64–₦7.54 per share.

At the upper end, ₦7.50 becomes broadly supportable if H1 earnings are sustained. A valuation above ₦7.50 would require stronger earnings growth, improved earnings quality, or a higher justified multiple.

This is not a price target or guarantee. It is a sensitivity analysis based on stated assumptions, and actual results may differ materially.

🏦 3. THIS IS NOT A ONE-BUSINESS COMPANY

AVA Capital operates across:

Investment Banking | Asset Management | Securities | Trusteeship

That gives the group multiple potential earnings channels and creates opportunities to cross-sell services to the same corporate and institutional clients.

📈 4. THE PLATFORM IS EXPANDING FAST

AVA reports more than ₦1.2 trillion in cumulative transaction value.

Client investment funds also reached approximately ₦92.8 billion by H1 2026.

That doesn't mean ₦92.8bn belongs to shareholders — it doesn't.

But it demonstrates the scale of the financial platform that AVA is building.

🔥 5. NOW LOOK AT THE ₦7.50 VALUATION

AVACAP listed with 5 billion shares at ₦7.50.

That represented a ₦37.5 billion market capitalization.

Ask yourself:

Has the business deteriorated since listing?

The H1 numbers suggest the opposite.

Earnings have accelerated.
The platform has expanded.
Client funds have grown.
The company continues to execute significant transactions.

🎯 6. ₦7.50 IS THEREFORE MORE THAN A RANDOM NUMBER

It is the company's original listing valuation reference.

If AVACAP can sustain its stronger earnings trajectory, the argument for returning to — and potentially exceeding — that valuation becomes increasingly understandable.

At ₦7.50, the entire company is valued at:

₦37.5bn.

The real debate is whether a growing four-part financial-services group with rapidly improving profitability deserves only that valuation — or eventually a higher one.

⚠️ ONE IMPORTANT CAVEAT

Don't confuse ₦7.50 with a guaranteed floor.

Markets can trade below fundamental value for extended periods, and some H1 earnings came from substantial interest income.

That's why Q3 and Q4 results matter.

If the company continues demonstrating strong underlying fee, advisory, asset-management and securities earnings, the fundamental case becomes much more compelling.

🔵 THE AVACAP THESIS

₦7.50 isn't the destination.

It is the valuation reference point from which the market can begin reassessing what AVA Capital is actually worth.

The question for investors is simple:

Are we looking at a company whose value has fallen — or a company whose earnings have grown faster than its share price?

AVACAP deserves to be valued on the business it is becoming, not merely the price at which the market is currently trading it.

mikeapollo:
Thank you for saying I am very blind. Thanks., I am grateful.

Some other people could have seen the scenario as a case between someone who cares about integrity, honesty and is making efforts to be perfect but makes mistakes; and another person who does not care a hoot about integrity, honesty and is comfortable telling deliberate lies to mislead the people.

But people amplify what they choose to.

Streetinvestor2:
I am of the opinion that since the frontier market thing did not add any impact on ngx
They should tell baron to give trump his two kidney. so he can have handshake and pictures with trump.This may help them improve the country image to FPI

SonofElElyonRet:
I know say na e go be you even without checking the "poster"

SonofElElyonRet:
Only for patient funds..

crownprince2017:
Oga Mike kindly add to the to the truth sir. I never said you are blind, stop blackmailing me, u know I can't say that when I'm not street fighter that disrespect everyone.
I'm very sure you understood me just that politics won wounjure your opinion even though you do claim you don't care about any politician but na lie based on your opinion today to say the least.