emmanuelewumi:



It is nearer than expected. I said the bubble will burst in a maximum of 9 months time, with this it will happen in a matter of 4 months

just2endowed:


He took pictures with the founder of MBA forex. I guess he is trying to dissociate himself from the fellow.


https://www.youtube.com/watch?v=L44WTDwo5a4&t=5s

just2endowed:


He took pictures with the founder of MBA forex. I guess he is trying to dissociate himself from the fellow.


https://www.youtube.com/watch?v=L44WTDwo5a4&t=5s

TransAtlanticEx:
I always told people this thing was a ponzi scheme,they say no na forex.
My ex tried to force me into this scheme to the point we broke up
No real business that you don't run personally can pay you 180% PA ,unless its drugs or arms dealing.
Go and commot your money before it's too late.

TransAtlanticEx:
You can edit my posts all you lie to suit your stupid agenda,I don't care.
What you think of me really doesn't bother me,you aren't that important to me.
Who is barking?I am just teaching you a thing or 2 kid.
Me frustrated?You want carry wetin pass you ba?lol.
Crude oil is actually my speciality,anytime you get smart enough to talk about it,I'm just a mention away.
Kid go sleep or play with sand for all I care,goodnight,weyrey.

Enyinne:
Did i borrow from u or ur bankers ?why is my affairs ur business? Pls dont mention my name in such quote again. I'm old enough to run my life and my finances

emmanuelewumi:




It is almost too late ooo.

TransAtlanticEx:
why do you say so?

emmanuelewumi:



The signs are there, rigourous marketing of scheme, elongation of the duration from 6 months to 12 months.

This video will go viral, the Pastor has a lot of followers and his followers are Investors in some of these schemes.

A ponzi scheme needs new Investors and rollover of dividends to sustain their temporary existence, with this video it will become a difficult to get new Investors or rollover of dividends.

Everybody will want to cash out at the same time and that will be the end

emmanuelewumi:
Have you observed that your bank will never advertise fixed deposit or Treasury Bills (during the days of 18%) to their customers. You will have to meet them and make enquiries about such opportunities. Even after making your enquiries they will try to discourage you

Most of the money making opportunities and Investments are top secrets, when money making opportunities are marketed to people we should know we need to be careful

just2endowed:


He took pictures with the founder of MBA forex. I guess he is trying to dissociate himself from the fellow.


https://www.youtube.com/watch?v=L44WTDwo5a4&t=5s

emmanuelewumi:
Have you observed that your bank will never advertise fixed deposit or Treasury Bills (during the days of 18%) to their customers. You will have to meet them and make enquiries about such opportunities. Even after making your enquiries they will try to discourage you

Most of the money making opportunities and Investments are top secrets, when money making opportunities are marketed to people we should know we need to be careful

juniorrate:



for the bolded, how did you see Investment-One Vgif been marketed by some here. also some pples were marketing Skye Bank fixed deposit here before they were merged with Polaris Bank

TransAtlanticEx:
You will be fine,though times bring down even the best of us

Comeandcollect:
In the end he said the one he knows is Jesus ponzi, what does that mean ?

Enyinne:
Did i borrow from u or ur bankers ?why is my affairs ur business? Pls dont mention my name in such quote again. I'm old enough to run my life and my finances

emmanuelewumi:



VGIF is a SEC regulated investment that currently pays about 8% or thereabout so there is no cause for alarm.
SEC regulated funds have trustees which is different from the fund manager.

ahiboilandgas:

Lazyyouth4u:

Boss, did you go to a school better than a mushroom university? I always struggle to comprehend your posts because your writing is honestly not the best. I never mentioned it because I assumed you were illiterate to be honest and I didn’t want to sound like I was making fun of an illiterate that was doing well in life. But to see you calling an African University a mushroom school makes me want to know if you even went to a university. If so, please state your alma mater so we can avoid that school.

ositadima1:


Are you same as Lazyyouth4u ? With all those nice curves on you I think u are more than capable to run ur finances.

juniorrate:



for the bolded, how did you see Investment-One Vgif been marketed by some here. also some pples were marketing Skye Bank fixed deposit here before they were merged with Polaris Bank

emmanuelewumi:



VGIF is a SEC regulated investment that currently pays about 8% or thereabout so there is no cause for alarm.
SEC regulated funds have trustees which is different from the fund manager.

Lazyyouth4u:

An SEC regulated investment house can lose all your money and you will get nothing from the trustees and fund manager o. Even CBN regulation for banks does not mean that you will get anything over 500,000 Naira if/when the bank goes bust. Other than this 500k guaranteed for any amount (even a 500 million deposit in a Naija bank will get only 500k from NDIC), no other investment or deposit is insured. Nobody should count on SEC regulation as insurance of funds in any investment house o.

ojesymsym:
This is really strange, her first post here was to attack ahib using the lazy yoot personata, but her real ezinne personata has solicited for ahib's help in the past. Conglomerate, na u I go blame for this changing of personata and moniker at will. U have tot people bad thing.
This is so shocking to me o.
Abeg Osy, where u for see her curves, I wan follow crosscheck.

Lazyyouth4u:
Oga I am not that lady. That is your friend mr trans or whatever trying his best to discredit me . Anybody that believes me and the lady are the same is surely a very big idiot. I have nothing against mr Ahib and think he’s a great guy but that his post was not in good taste and I said what I had to say. Oga Ahib abeg no vex sir

emmanuelewumi:
The highest you can get from NDIC is 500k if a bank should go under, thank God for CBN that did not allow the like of Union Bank, Oceanic Bank, Intercontinental Bank, Bank PHB, Skye Bank etc to go under.

Rather CBN tookover the banks and allowed other Investors to recapitalized the banks, all most bank CEOs and directors would have preferred insolvent banks to go down than to be taken over by CBN.

Any bank customer with substantial funds should always monitor the financials of such banks.

Alpha Merchant Bank went down more than 20 years ago, depositors are just paid which is maximum of 500k

ojesymsym:
You will have a hard time convincing us otherwise.

This screenshoot between lzyyoot and MrTrans was responded to in the first person by Mrs Ezinne. Truth is, we all have a right to different monikers on nairaland, even the best of us will slip up at some point. But don't be ahib's friend when you wear ezine costume and his enemy when you wear lzyoot costume, we like to know our friends and our enemies, frienemies are too complex to deal with.

ojesymsym:
In the alternative, have a maximum for each bank account by having many other accounts to reduce exposure and have risk spread.

emmanuelewumi:
When was the last time a bank went down in Nigeria and customers lost their deposits?

That was more than 20 years ago, please correct me if I am wrong.

Not referring to Microfinance banks ooo

emmanuelewumi:



Not necessary, a bank won't go under overnight, the signs will be their minimum of 18 months before it goes down.

CBN is doing a good job about, instead of banks to go down CBN will sack directors of such banks based on distress that can be detected from their financial reports and other signals of insolvency

emmanuelewumi:



That would would have been stated in the features of the fund

Whether it is a money market fund, equity fund, balanced fund, REIT, fixed income fund

VGIF is a blend of money market fund and fixed income fund, so the risk is zero or very minimal. 8% return is quite conservative.


The riskiest is equity fund, you can make 30% and above, you can also lose your capital in the interim