₦airaland Forum

Cowrywise trustbanc have delivered and reinvested 🤑🤑🤑
Page MMF have delivered 🤑🤑🤑

MMF IS SWEET 😋 😍 ❤

Kanoyooooooooooo


🕺🏾🙌🏾🙌🏾🍾🍹🍆🍆🍆💦🍑🍑🍑

Ogborokiri:
I placed a withdrawal on first ally last night till now I have not been credited this people matter don tire me

From some of the comments here, I will advice we take some time to understand how MMFs really work

For some of us, what we sometimes perceive as inefficiency in the operation of a MMF may actually be within the acceptable rules and expectations governing fund management.

It is important that we understand the fundamentals of how MMFs work and the expectations of the SEC from fund managers.

For example, practices such as:

- Immediate receipt of redeemable funds
- Reinvestment of accrued interest at the end of every month or less than a quarter
- Bringing naira to invest in a dollar-denominated fund
- Accepting cash or third-party payments

are not necessarily the norm in regulated fund management.

If an MMF is operated exactly like a bank account, then we need to ask whether it is still serving the purpose for which a collective investment scheme was designed.

Some fund managers may provide additional flexibility or alternative arrangements to improve the investor experience. However, these should not automatically be regarded as the standard operating model for all MMFs. Such flexibility may simply be part of a particular fund manager's operating structure, subject to regulatory requirements.

There are also situations where fund managers may have to provide explanations and supporting evidence to the SEC to demonstrate that investors' funds remain properly protected despite certain operational arrangements. Where such arrangements cannot be justified within the regulatory framework, the fund manager may ultimately be required to revert to the prescribed norms. For example Norrenberger used to accept naira for dollar fund when they started out as an incentive to help customers who are not able to get dollars but right now they can't do such anymore.

Some of the general norms investors should understand include:

• Redemption: Redeemable funds may take about 2–3 working days to reach the investor, depending on the fund's structure and applicable processes. This is SEC standard.

• Accrued income: Interest/income may be reinvested or paid out according to the fund's stated distribution or accounting cycle, commonly at the end of a quarter.

• Currency: Investors are generally expected to invest in the same currency in which the fund is denominated, subject to the fund's approved structure.

• Cash: Regulated investment funds generally do not operate on a cash-acceptance basis.

• Third-party funding: Funds are generally expected to come from the investor's own account, subject to applicable KYC and regulatory requirements.

The key notes:

An MMF is an investment product, not a bank account.

Therefore, we should understand the regulatory framework and the underlying structure of the fund before concluding that a particular process is inefficient simply because it differs from what we are accustomed to with our bank accounts.

Understanding the rules helps us distinguish between actual service deficiencies and legitimate fund management processes.

Let's be well guided.

Happy Independence Day to all.

The beauty of this thread right from Inception is creating the atmosphere for people to bare their minds as we all continue our investment journeys. Some people sometimes will be discontented with the services they receive and will voice out. Some it's something simple that needs explanation and once they get it they will calm down. Others will not calm down till they learn with time.

However, coming out en mass to attack the opinion of someone that was not pleased with a particular service is inimical not only to that person but even to the thread.


I use UCap, First Edge and Stanbic IBTC. I have had the cause to complain about them bitterly around here. That's because I believe I could learn from other people experience. If not I am already matured in the game and know how to get to them directly but still no one is an island.

It's a common knowledge that withdrawal and deposits with Stanbic after 12:00pm on working days is most likely going to be treated the next day and on weekends and public holidays will be treated the next working but people still do otherwise and come here every now and then to complain about it and several other things.

So what's the fuss about someone complaining that he couldn't get instant withdrawal after explaining to him that it was already past working hours when he applied yesterday and today is public holiday. It should have stopped at that and not questioning his right to complain even when it's clearly that he isn't used to their pattern yet. Abeg make we dey allow people express themselves.

freeman67:
The beauty of this thread right from Inception is creating the atmosphere for people to bare their minds as we all continue our investment journeys. Some people sometimes will be discontented with the services they receive and will voice out. Some it's something simple that needs explanation and once they get it they will calm down. Others will not calm down till they learn with time.

However, coming out en mass to attack the opinion of someone that was not pleased with a particular service is inimical not only to that person but even to the thread.


I use UCap, First Edge and Stanbic IBTC. I have had the cause to complain about them bitterly around here. That's because I believe I could learn from other people experience. If not I am already matured in the game and know how to get to them directly but still no one is an island.

It's a common knowledge that withdrawal and deposits with Stanbic after 12:00pm on working days is most likely going to be treated the next day and on weekends and public holidays will be treated the next working but people still do otherwise and come here every now and then to complain about it and several other things.

So what's the fuss about someone complaining that he couldn't get instant withdrawal after explaining to him that it was already past working hours when he applied yesterday and today is public holiday. It should have stopped at that and not questioning his right to complain even when it's clearly that he isn't used to their pattern yet. Abeg make we dey allow people express themselves.

I think you are missing the point.

Saying I deposited in a FM by 10pm yet i cant see it reflect on my dashboard, hence this FM is no good” is different from “I deposited after 10pm but cant see it yet, please anyone experienced such?”

Notice the nuance between the two stances? A potential investor might read stance 1 and think, oh damn, that FM is no good so let me move elsewhere. Most times such people may even be guests, and they may even be reps for huge institutional investors. Now you have spoilt someone’s business for no reason

Demarketing a platform with confidence due to knowledge gap is what we are rallying against. This is far from bullying, but it’s a good thing you spoke in his defense, i also donot like it when it’s 20 Vs 1

And who says am here to discredit them I need money for a property and I don't want to miss it because the iwniis in need of money before I hear you no come quick is not that I pulled all my money out is the money I need for this property I withdrawal is the urgency of the money that made me complain

Bluearrow:
Seems u are here to discredit first ally after the recommendation from some of us that shared our positive experience. Everyone kept attacking first ally for not able to withdraw, even after they clearly stated they are under maintenance & provided alternative redemption method. Someone was even exaggerating saying diservice of such magnitude bla bla...These are same people that deposit in other fund managers & it takes forever to reflect & withdraw. Few months ago I sent funds to gt fund manager & paramount, weeks my money didn't reflect. I deposit in first ally 11:30pm today, interest is added the next day.

I'm not affiliated to first ally in any way, but if I see wetin good, I go talk am. Alot of us suffered in the hands of these fund managers before discovering first ally. I did a project recently, na from first ally I fund that project & not for one day did I experience any disappointment.

Like I said I needed the money first thing this morning and is not like I withdraw all is the money I needed I withdrew anyway thanks for speaking up

freeman67:
The beauty of this thread right from Inception is creating the atmosphere for people to bare their minds as we all continue our investment journeys. Some people sometimes will be discontented with the services they receive and will voice out. Some it's something simple that needs explanation and once they get it they will calm down. Others will not calm down till they learn with time.

However, coming out en mass to attack the opinion of someone that was not pleased with a particular service is inimical not only to that person but even to the thread.


I use UCap, First Edge and Stanbic IBTC. I have had the cause to complain about them bitterly around here. That's because I believe I could learn from other people experience. If not I am already matured in the game and know how to get to them directly but still no one is an island.

It's a common knowledge that withdrawal and deposits with Stanbic after 12:00pm on working days is most likely going to be treated the next day and on weekends and public holidays will be treated the next working but people still do otherwise and come here every now and then to complain about it and several other things.

So what's the fuss about someone complaining that he couldn't get instant withdrawal after explaining to him that it was already past working hours when he applied yesterday and today is public holiday. It should have stopped at that and not questioning his right to complain even when it's clearly that he isn't used to their pattern yet. Abeg make we dey allow people express themselves.

So I can't get trustbanc any more until I follow the managed portfolio on cowrywise now🤦🏿‍♂️?

Creditalerts:
Cowrywise trustbanc have delivered and reinvested 🤑🤑🤑
Page MMF have delivered 🤑🤑🤑

MMF IS SWEET 😋 😍 ❤

Kanoyooooooooooo


🕺🏾🙌🏾🙌🏾🍾🍹🍆🍆🍆💦🍑🍑🍑

blessedchild234:
So I can't get trustbanc any more until I follow the managed portfolio on cowrywise now🤦🏿‍♂️?

If you didn't have a running account before the update that introduced the managed portfolio, then you cannot.

The only option to explore is a direct investment with Trustbanc via the PrimePro app.

Been following every post and learning, realized you like picking on @creditalert. He's been avoiding you but you just won't stop. Try to avoid him too so you guys won't repeat what you did here earlier in the year that resulted in investors blocking reading words from both of you.

Iamblessed8888:
I see no network in the creeks. How many kidnappings in Q3?

t33why:
If you didn't have a running account before the update that introduced the managed portfolio, then you cannot.

The only option to explore is a direct investment with Trustbanc via the PrimePro app.

noted, but the review on Google no be am oh but I'll try it out.

blessedchild234:
noted, but the review on Google no be am oh but I'll try it out.

Do and come give feedback , I'm also reluctant to commit to them sha as I've not conquered the 'update profile' war, and based on user experience from other fund managers, it often becomes an issue in the long-run. I do know there are users here without complaints though.

Coolis:
Been following every post and learning, realized you like picking on @creditalert. He's been avoiding you but you just won't stop. Try to avoid him too so you guys won't repeat what you did here earlier in the year that resulted in investors blocking reading words from both of you.

He has been picking on me in other threads too. He just doesn’t do it here so as to appear like the victim. Check his posts and see

Ogborokiri:
Like I said I needed the money first thing this morning and is not like I withdraw all is the money I needed I withdrew anyway thanks for speaking up

I hope you have gotten the money now?

Yeah around 10am thanks

NJV:
I hope you have gotten the money now?

Ogborokiri:
Yeah around 10am thanks

All good 👍

Good evening all,
I credited Trustbanc account yesterday around 8pm and got a confirmation mail from Trustbanc group of receipt of the fund but it is yet to reflect on the Prime Pro app. Please is it normal or is there any other thing I should do to see the fund on the app

Waiting for a response

Sunbellar:
Good evening all,
I credited Trustbanc account yesterday around 8pm and got a confirmation mail from Trustbanc group of receipt of the fund but it is yet to reflect on the Prime Pro app. Please is it normal or is there any other thing I should do to see the fund on the app

Waiting for a response

Today is public holiday, most fund managers won't process payment.

From the post 12 Things to Remember in 2026 (One for Each Month)

October – Remember the power of compound interest
Small, consistent returns can grow significantly over time when compounded.

Care4:
STANBIC30 and the likes are down at the moment. Seems like a good entry already.

I disagree

Hello pls, is zedcrest reliable?? Hw fast is their service interms of deposit and withdrawn of funds

STL MMF HAVE DELIVERED 🍹🍾🤑🤑🤑🕺🏾
🕺🏾🕺🏾


Don't dull invest holistically financial freedom is power💪🏿💪🏿💪🏿⚔⚔⚔

Kinda find this funny. In other words, your guys go about looking for each other to fight at different threads.

Infact, we will settle this once and for all. Portable has been settling feud by having boxing matches with speed Darlington and the rest. We will organize what l will tag INVESTORS BANTER WEIGHT BOXING MATCH between yourself and @Creditalert so you guys settle it at the ring once and for all.

Iamblessed8888:
He has been picking on me in other threads too. He just doesn’t do it here so as to appear like the victim. Check his posts and see

alexokeke325:
Hello pls, is zedcrest reliable?? Hw fast is their service interms of deposit and withdrawn of funds

Faster than stanbic ibtc

londonerr:
Faster than stanbic ibtc

do they pay quarterly interest because I have not been able to withdraw mine

Quoting interest received is not the main thing. Amount invested and the percentage interest are the main thing.

When some newbies see 570k+, they might think that the platform is a money doubler without knowing that it is result of huge amount invested

Joyleke:
My first interest from First ally asset management.
I can't contain my joy at all.
I started First ally MMF late August and in October 1st,I received 570k plus.
I must buy one full goat to celebrate 🥳 🎉 🎊 🍾
Right investment is the real deal

That's like some 55-60M to accrue that interest.

Optimer:
Quoting interest received is not the main thing. Amount invested and the percentage interest are the main thing.

When some newbies see 570k+, they might think that the platform is a money doubler without knowing that it is result of huge amount invested

playces:
That's like some 55-60M to accrue that interest.

I think the 570k is for the intrest accrued after 3 months which is equivalent to 1 quarter

With the huge amount of capital invested, that return is disappointingly tiny. MMF is essentially designed for capital preservation. My Korean ETF, which holds a capital of 14.7 million, booked a return of 757,000 naira yesterday on a 5% upside gain. I'm still weighing my options: either lock in the realised profit right now, or let the earnings compound further, since daily returns are usually calculated based on the total current portfolio value rather than the initial principal deposit.

Skudi:
I think the 570k is for the intrest accrued after 3 months which is equivalent to 1 quarter

Bluearrow:
Today is public holiday, most fund managers won't process payment.

Thank you very much. It has reflected on the dashboard but there's no accrued interest. I can only see the principal.
Is it proper?

Sunbellar:
Thank you very much. It has reflected on the dashboard but there's no accrued interest. I can only see the principal.
Is it proper?

Yes it is normal

Bluearrow:
Yes it is normal

So, when are they supposed to start paying me interest?