OgogoroFreak:
I still don't get it.. Why would anyone want to use partern patia abi weytin be their name sef to do tbills with their life savings instead of banks?

Banks are almost everywhere. I do tbills with just phone calls at home and get my profit upfront.

The only situation where you can be served well by your bank is if you always go for their bid. Before I ported, GTB was so mean to the extent that nobody will respond to my enquiry even if my rate is below CBN rate. This is because, Bank made little or no money from TB. However, after a failed bid, you will have yo wait for another 14 days. This was what I experienced for two months with no explanation nor call from my bank.

One day, I stumble upon I-Invest and I did a diligent research for three hours on it. I found it genuine cos their rates are at par with CBN. With I invest, rates are seen with their tenures. No failure in bidding, the only disadvantage is that your yield is not paid upfront cos that is how they make money which I am comfortable with.

I have been using the app and it is excellent.

You've given me renewed confidence in the app. I had a shaky start with them but I'll give it another shot. Personally, I hate going to banks.

Omonigeriarere:


The only situation where you can be served well by your bank is if you always go for their bid. Before I ported, GTB was so mean to the extent that nobody will respond to my enquiry even if my rate is below CBN rate. This is because, Bank made little or no money from TB. However, after a failed bid, you will have yo wait for another 14 days. This was what I experienced for two months with no explanation nor call from my bank.

One day, I stumble upon I-Invest and I did a diligent research for three hours on it. I found it genuine cos their rates are at par with CBN. With I invest, rates are seen with their tenures. No failure in bidding, the only disadvantage is that your yield is not paid upfront cos that is how they make money which I am comfortable with.

I have been using the app and it is excellent.

Omonigeriarere:


The only situation where you can be served well by your bank is if you always go for their bid. Before I ported, GTB was so mean to the extent that nobody will respond to my enquiry even if my rate is below CBN rate. This is because, Bank made little or no money from TB. However, after a failed bid, you will have yo wait for another 14 days. This was what I experienced for two months with no explanation nor call from my bank.

One day, I stumble upon I-Invest and I did a diligent research for three hours on it. I found it genuine cos their rates are at par with CBN. With I invest, rates are seen with their tenures. No failure in bidding, the only disadvantage is that your yield is not paid upfront cos that is how they make money which I am comfortable with.

I have been using the app and it is excellent.

you are not bidding for anything in the app. I-invest is strictly secondary market. If you don't want failed bid with banks, use their rate just as you are using I-Invest own rate too.

The reason why the rate looks a little high in i-nvest is cos they keep your "profit" with them which I suspect they also invest for their own gain. Imagine locking 20m @ 13%, your upfront which is about 2.6m would be invested by I-Invest for their own gain. They make roughly 338k for themselves using your money just like that.

OgogoroFreak:
you are not bidding for anything in the app. I-invest is strictly secondary market. If you don't want failed bid with banks, use their rate just as you are using I-Invest own rate too.

The reason why the rate looks a little high in i-nvest is cos they keep your "profit" with them which I suspect they also invest for their own gain. Imagine locking 20m @ 13%, your upfront which is about 2.6m would be invested by I-Invest for their own gain. They make roughly 338k for themselves using your money just like that.

First, bank bids fail. Agreeing to their normal rates is no guarantee that your bid will go through. It might fail and you'll have your money sitting in your savings/current account for another fortnight till whenever your bank is lucky to win.

Second. It's true that I-Invest invests the profit you'd have gotten upfront. However, it's also true that they give significantly higher discount rates than any bank can, by that same token. In reality, they don't make the same rate you do as profit off your interest. The interest on what should have been your interest upfront is part of what's factored into the higher rates, so saying they take all the interest on the discount is misleading.

koonbey:


First, bank bids fail. Agreeing to their normal rates is no guarantee that your bid will go through. It might fail and you'll have your money sitting in your savings/current account for another fortnight till whenever your bank is lucky to win.

Second. It's true that I-Invest invests the profit you'd have gotten upfront. However, it's also true that they give significantly higher discount rates than any bank can, by that same token. In reality, they don't make the same rate you do as profit off your interest. The interest on what should have been your interest upfront is part of what's factored into the higher rates, so saying they take all the interest on the discount is misleading.

I mean use banks secondary market rate just as you are using i-invest secondary market rate too.

Mind you, it's not exactly true that I-Invest rate are higher than that of all banks.

OgogoroFreak:
I mean use banks secondary market rate just as you are using i-invest secondary market rate too.

Mind you, it's not exactly true that I-Invest rate is higher than that of all banks.

Show us any secondary market rates or bank primary market rates which match these.

If you're tempted to say that there are lower rates in the app, realize that the beauty of it is that one can invest in the highest rates, liquidate (before or on maturity) and then reinvest in the highest rates available at the time.

Tenor is irrelevant in the app, subject to the 30 day minimum and the 30%-of-profits charge on premature liquidation. (Edit)
One can work around this by sticking to high-discount rate-low+tenor bills though.

Also show us which bank gives you that kind of instant flexibility.

I have said it before and will say it again, i-invest is for those who want to gamble with their few thousands/millions, i can't imagine a heavy investor with up to lets say 100M-1B and above investing in the so called i-invest. As for me the security of my funds is my top priority. Bank or nothing!

TotoNaRubber:
Ok to you physical presence is a google address where they are renting to collect money from people.

Keep giving them money just one day.
What stops you from using well established commercial banks.

What is physical address to you? Having branches in every corner of the city?

'Well established' Diamond Bank had all those and it sank. So, what are you on about?

Ultimately, I believe it's the fault of the I-Invest team for not marketing their product well.

Most people seem to see investing through them as putting money into an app, as opposed to investing through a registered CMO/broker with an app as an extra means of monitoring and giving investment instructions.

To each his own though. Me, I'm done explaining anything about it, beyond sharing my experiences as necessary.

Please brother i need advice between treasury bill and government bond which one is better to invest on please no insult just advice, i did ask because i dont know thank you for your advice in advance.

TotoNaRubber:
Ofcourse due diligence is good but why risk your funds with an institution that has no physical presence. I use to bank with "All States Trust Bank". It was a commercial bank with a sound reputation during the time of Obasanjo, a lot of youth here were still babies as at that time. I banked N9.3m with them.

Their slogan was "All we see is you". A few older guys here will know what i'm talking about. All states was backed by the CBN, SEC etc. They had branches all over Nigeria just like every commercial bank. At some point i was invited for a dinner party by the bank during the time of obasanjo, it was at Eko hotels, the Ac coming out of the dinner hall and the decorations alone made me understand i was doing well for them to invite me for such dinner, little did i know it was a trap.

To be continued...

hmnn


Please continue sir, I want to learn

I can relate well with TotoNArubber concern as bravedude112 have said it all, it depends on the amount of cash you are investing. We used to have a bad experience years bank with Wema bank Ago branch anytime we make bankdraft through them, the bank draft always take more than 3 days to be issued becuase the ranch aint strong enough for such volume of fund and whereas Zenith bank Ijebu ode does it instant. My uncle had to japa from that Wema branch as its affecting his business supplies.

koonbey:


Show us any secondary market rates or bank primary market rates which match these.

If you're tempted to say that there are lower rates in the app, realize that the beauty of it is that one can invest in the highest rates, liquidate (before or on maturity) and then reinvest in the highest rates available at the time.

Tenor is irrelevant in the app, subject to the 30 day minimum and the 30%-of-profits charge on premature liquidation. (Edit)
One can work around this by sticking to high-discount rate-low+tenor bills though.

Also show us which bank gives you that kind of instant flexibility.

that shows you don't know anything about tbills. Those high rates you see is cos people sold off their tbills before maturity due to fear, I suspect. It also happen in banks sometimes.

MrMcJay:


What is physical address to you? Having branches in every corner of the city?

'Well established' Diamond Bank had all those and it sank. So, what are you on about?

Diamond bank sank with your money? No! You see? That's the beauty of banks.

zellfoxx:
You've given me renewed confidence in the app. I had a shaky start with them but I'll give it another shot. Personally, I hate going to banks.

During my research, I found out that the advertisement for I-Invest was made on Sterling Band's site. Yet, lazy ones are attributed it to MMM; which bank associated itself with MMM before it crashes?

That notwithstanding, if you have gathered substantial amount whose yield is up to 100k at once, considered using bank first to facilitate its reinvestment.

But if your yield is lesser, I- invest is better because your 5-20k yield could have been spent before making another investment.

OgogoroFreak post=80181818 :
that shows you don't know anything about tbills. Those high rates you see is cos people sold off their tbills before maturity due to fear, I suspect. It also happen in banks sometimes.

LOL. You're right.

Hello everyone, pls wen is d nxt primary auction & how many days to the auction is considered right to submit ones request?

I've not used iInvest as I have not had need for it but their offer is not "too good to be true' considering they hold on to your returns till maturity.

More details about the company is on the Web.

They are licensed and regulated by the Securities and Exchange Commission of Nigeria and FMDQ.

Acidosis seemed to clarify their legitimacy here too
https://www.nairaland.com/878880/treasury-bills-nigeria/826#80173275

Bravedude112:
I have said it before and will say it again, i-invest is for those who want to gamble with their few thousands/millions, i can't imagine a heavy investor with up to lets say 100M-1B and above investing in the so called i-invest. As for me the security of my funds is my top priority. Bank or nothing!

Someone with 100M or 1B won't even approach many of the banks (you see as almighty) for savings, not just investments. There are banks I won't save 1b, banks like FCMB, Unity, Jaiz, Standard Chartered, Fidelity, Polaris, Heritage, Wema, Citi Bank, and Ecobank.

Does it mean savers in the aforementioned banks are gambling with their funds? Does it mean the above banks are scammers or Ponzi? Due diligence is all about conducting personal research.

As far as I know, I-Invest folks or Sterling bank are yet to say they're doing business with investors money. Treasury bills is what it is and let's leave it at that, unless the company has come to say otherwise. The only body in charge of T-bills is CBN so for I-Invest to fail, CBN must have failed other investors in GTB, Zenith, and the rest.


Let me ask you, if CBN fails to pay back your yield, how're you going to get your money? You think your bank would sell its assets to refund a money you invested with CBN? That you approached a bank with $1 trillion assets doesn't mean a thing. They're simply agents that can't be held responsible for CBN/Government's failures.

So much knowledge shared here everyday..
Respect to you all.

Best place on nairaland.

Acidosis:


Someone with 100M or 1B won't even approach many of the banks (you see as almighty) for savings, not just investments. There are banks I won't save 1b, banks like FCMB, Unity, Jaiz, Standard Chartered, Fidelity, Polaris, Heritage, Wema, Citi Bank, and Ecobank.

Does it mean savers in the aforementioned banks are gambling with their funds? Does it mean the above banks are scammers or Ponzi? Due diligence is all about conducting personal research.

As far as I know, I-Invest folks or Sterling bank are yet to say they're doing business with investors money. Treasury bills is what it is and let's leave it at that, unless the company has come to say otherwise. The only body in charge of T-bills is CBN so for I-Invest to fail, CBN must have failed other investors in GTB, Zenith, and the rest.


Let me ask you, if CBN fails to pay back your yield, how're you going to get your money? You think your bank would sell its assets to refund a money you invested with CBN? That you approached a bank with $1 trillion assets doesn't mean a thing. They're simply agents that can't be held responsible for CBN/Government's failures.

The problem with I-invest is that;

* They don't give you your interest upfront.
* They don't give Certificate of investment like banks.

This means, they can decide to take "bigger risk" with investors money in the future, while you think your money is locked in tbills.

And if that bigger risk fails, they might start using Peter to pay Paul (Ponzi!) and Sterling Bank thru its legal team will distant itself from them saying something in the line of They are PARTHIAN PARTNERS we are STERLING BANK!

I just wonder why people will not just leave i-invest alone even if you are not in terms with what they do. During the days of MMM I simply ignore any preaching about it and move on with my life. How on earth will people liken I-invest or Parthian partners with something like MMM, so disgusting. People that do not like the idea of using mobile app to do anything investment should just ignore any post like that. People are still far from technological realities. Apart from I-invest, there re other investment companies coming up with their app too. Talk of Tradefi, Afrinvestor, even those mutual funds that people do through mobile app. All those organizations have developed apps over time and some are still yet without any apps. It doesn't make those with apps looks fraudulent in anyway. I know as long as people criticize I invesg, there will still be people defending it, why, because we are different being with different emotions and capabilities. Am just tired of this back and forth. For the fact that Somebody has a sad experience funding his/her wallet or other issues doesn't mean they intentionally wanted to sit on the money. It might just be network issues or human error or Nigerian factor. I have had to fight with them on Cowrywise before because they didn't make my money available after maturity, but much later I was made known that I chose the wrong path or wrong savings plan. I didn't just go about criticizing them. It's an effort the company put in place. Think about people's emotions before coming here to criticize I invest. Depsite several bad comments here about the appI still find them interesting and still use them.

OgogoroFreak:
The problem with I-invest is that;

* They don't give you your interest upfront.
* They don't give Certificate of investment like banks.

This means, they can decide to take "bigger risk" with your money in the future, while you think your money is in tbills.

And if that bigger risk fails, they might start using peter to pay Paul (Ponzi!) and Sterling Bank thru its legal team will distant itself from them saying something in the line of They are PARTHIAN PARTNERS we are STERLING BANK!

Very wild imagination!
@the bolded, Note that they do send INVESTMENT ADVICE (in PDF format) on every successful investment made.
Trusting your money on another entity is risk. In any case, do it at your conviction with understanding.
Peace!

kryptem:


Very wild imagination!
@the bolded, Note that they do send INVESTMENT ADVICE (in PDF format) on every successful investment made.
Trusting your money on another entity is risk. In any case, do it at your conviction with understanding.
Peace!

investment advice is certificate?

Can you use the "investment advice" to get loan?

OgogoroFreak:
The problem with I-invest is that;

* They don't give you your interest upfront.
* They don't give Certificate of investment like banks.

This means, they can decide to take "bigger risk" with your money in the future, while you think your money is in tbills.

And if that bigger risk fails, they might start using peter to pay Paul (Ponzi!) and Sterling Bank thru its legal team will distant itself from them saying something in the line of They are PARTHIAN PARTNERS we are STERLING BANK!

Same way GTBank is taking bigger risk with investors' monies?

Well, we all have different appetite when it comes to risk-taking/trust, so I completely understand the fears.

As per treasury bill certificates, I don't even bother to ask for it. The few times I've done t-bills with GTB and Sterling, I didn't make a request. I don't see a need for it when I have a mail/text/bank statement. If the bank will burn, my certificate won't produce the money after all. The bank has a database so whatever is given to me is almost useless if the bank can't validate such from its database.

Can't say in exact terms why interest is not paid upfront.

eddyakinrinde:
I just wonder why people will not just leave i-invest alone even if you are not in terms with what they do. During the days of MMM I simply ignore any preaching about it and move on with my life. How on earth will people liken I-invest or Parthian partners with something like MMM, so disgusting. People that do not like the idea of using mobile app to do anything investment should just ignore any post like that. People are still far from technological realities. Apart from I-invest, there re other investment companies coming up with their app too. Talk of Tradefi, Afrinvestor, even those mutual funds that people do through mobile app. All those organizations have developed apps over time and some are still yet without any apps. It doesn't make those with apps looks fraudulent in anyway. I know as long as people criticize I invesg, there will still be people defending it, why, because we are different being with different emotions and capabilities. Am just tired of this back and forth. For the fact that Somebody has a sad experience funding his/her wallet or other issues doesn't mean they intentionally wanted to sit on the money. It might just be network issues or human error or Nigerian factor. I have had to fight with them on Cowrywise before because they didn't make my money available after maturity, but much later I was made known that I chose the wrong path or wrong savings plan. I didn't just go about criticizing them. It's an effort the company put in place. Think about people's emotions before coming here to criticize I invest. Depsite several bad comments here about the appI still find them interesting and still use them.

The fear is not because it's an app bro. Infact, if not for being an app, who would even think of using perthian partners for tbills investment? The app even gave them recognition if not, we won't be discussing them here.

Now, if firstbank, gtbank etc should put out an app for tbills investment in their own name as the owner not one perthian partners or any other different company name, you'll be shocked at how people would embrace it without fear.

partnerbizz5:

Lol, you raised salient issues. This shows you have some practical experience.

Now the issue of a tenant being unable to pay when he has no properties the court can seize and levy execution on, is applicable everywhere. Not only in Landlord and tenant relationship.

If a man of straw, a pauper, steals your 1m and squanders it with prostitutes. You arrest him, take him to court or he undertakes at the station to pay. There is nothing you can do, if he has no money in banks, no properties etc.

Same issue when the court awards damages in your favour against a poor man. Nothing you can do if he can't pay the damages; nor have properties you can levy execution on.

As per landlords drafting agreements, yes it's permissible.

The law only applies when there is no agreement between the parties.

For instance, 1 year tenancy requires 6 months notice. But agreement can dictate 2 months notice.

But if no agreement exists, then the 6 months applies by default.



Finally, I agree with you that it's not good to loose the windows, zinc etc. You can get away with it when certain persons are involved. Some informed persons will sue your as.s for interferring with exclusive possession.

Cheers.

Your post didn't clarify how a court can get my money for me should such deviant tenant disappears. And Yes, talking out of experience, a bad one at that. Had to wake early to attend court hearings, paid exorbitant legal fee, and the idiot packed out his properties unknown to me ,cos i don't live in the house, one of the tenants living there called me to come as this guy was busy destroying anything good in the house (WC, meter board, kitchen cabinets, wardrobe ) . Was lucky to meet him at the exact time the truck he brought was about to leave, then the blood shed was so gruesome ,my compound was stained with blood. Since that bloody incident, i chose not to approach a court for such case, I've adopted my strategies, and it's working.

RESHARPENED:
What is the lowest amount that can be invested in TBills at the moment?

And would FCMB or Zenith Bank be better as a dealer?.

I understand the fact that people here are BUSY people but can someone help me to address this questions, PLEASE?.

Please guru's in the house between treasury bill and government bonds which of them is more lucrative please no insult if i know i will not be asking thanks for your opinions in advance

MrMcJay:


Don't compare MMM to i-invest. If you have questions, ask. The legal entity behind i-invest app is Parthian partners. Who is/was the legal entity behind MMM?

I-invest is an app by Parthian partners. If you check SEC website, Parthian partners are listed as Inter-Dealer Brokers. They were the first in Nigeria to be licensed by SEC as Inter-Dealer brokers.

Check around and ask of what inter-dealer brokers do. It should be able to put things in perspective.

I sent a mail to Parthian partners for an official investment advice as proof of investment and they said that is possible. I suggest users of the app obtain this if possible, at least for weighty T Bills. This is to give you the needed security.

This is Naija...
To get SEC license is not a big deal....
Ask those investors that got their fund locked up in BGL etc.....licensed by the Almighty SEC...
SEC system is messed up...
It is advisable to stick to known banks for treasury bills...
I use First Bank or invest in FGN Bonds...
Sharks everywhere .....

Diyke4rich:
Please guru's in the house between treasury bill and government bonds which of them is more lucrative please no insult if i know i will not be asking thanks for your opinions in advance

Government bonds are much safer, however T-bills is safer it you are buying at the primary market, if you are buying through banks there some levels of risk.

If a platform is setup where people can monitor all there Tbills using there BVN irrespective of where it is purchased from. It will solve the problem of fear.
Just like with shares and bond, it can be monitored on the cscs website.
Then you will be 100% sure who your fund is with.