₦airaland Forum

I will give you a summary of how the business works

What you do is you go to a site that is suitable for dredging and you pay for a lease. There are several dredging sites on the Lekki-Ajah expressway, there is one beside Heyden filling station just before you get to VGC gate if you're coming from Victoria Island it is on the left side of the road.

There is another one just after you pass Sangotedo just before you get to Abijo. When you get to Awoyaya there are about 3 different ones that I know of there including one that is owned by a politician.

Now after paying for the lease and settling the omo oniles you move in your equipment which consists of the dredger and a payloader.

The dredger usually consists of s barge that has a large hose connected to it for sucking sand from the bottom of the river or lagoon and the payloader is used for loading sand onto the trucks that came to buy sand.

Now the process is that the dredger when switched on will suck sand and water from the bottom of the river and will pump it to the bank of the river.

The water will flow back into the river leaving just the sand.

When people come to buy sand the payloader will scoop sand from the heap and use it to load the truck. On average it takes about 6 or 7 scoops to fill up the bucket of a 30 ton truck.

The main risk of this business is that money comes in everyday therefore you must be on ground to monitor sales otherwise if you'tr not physically present if your workers sell to 15 trucks they will tell you that they only sold to 10 trucks and they pocket thhe rest of your money.

In this business you don't ever sell sand on credit no matter what!

Let's assume for instance you sell 5 trucks of sand on credit the person who bought from you will not come back to pay you, what he will do is he will divert to start busing from another dredging site thereby leaving you to bear the loss.

If you invest your money in this business you will loose big time if you don't have tight internal control or if you do not understand the business!

RealEzee:
how this business dey work?

Noemic:
I don't see what's the point of this all then if you cannot summarise.
Summarise how it all works and the basics of its business model that makes it so lucrative on here. That's the barest minimum before any serious person contacts you further.

TotoNaRubber:
I will email you shortly.

You can reply to your email and we'll take it from there.

Before you fall for this scam first go and take a look at this thread below.

https://www.nairaland.com/6478403/seeking-legal-counsel

Naturescorner23:
Mind how you address people bro.

The fact that you don't know about an update,doesn't make it lies...

Am open for a personal appointment ..

Ask questions rather than insults.

I won't waste my time making any appointment with you cos I know you're talking crap!

If you truly know how to use 780K to generate 3milion every month you would have sold your family land to raise the capital!

lalalista:
I have evidence but not the one that can be seen. The boy's phone has been switched off since and he initially wasn't picking calls

It's best for you to accept the loss as a lesson and move on.

If you decide to pursue it I can guarantee that the Nigeria police will milk you dry!

Naturescorner23:
I know a paying app currently on both playstore and Apple store.... if you can invest 1300 dollars i assure that we can make 3million monthly... its an exercise app that rewards users,if interested i would educate you on workings and how to maximize profit from the app...100%legit and guaranteed, am open for meet ups.

Shut your stinking lying mouth!

There is no way an investment of just $1,300 which is roughly N780,000 will give a monthly returns of N3 million!

You people will just be lying anyhow just so you can trend!

Tundex911:
Funny enough most of this loan app is owned by Chinese companies...


FG na bastard

The purpose of this discussion is to share experience regarding why Nigerians borrow and refuse to pay back, it is not about loan apps!

Prevailing:
Continue the prayer and fasting, God will see you through

What she needs is a practical advise whose time line can be determined

Sanchez01:


My brother, if you can, leave. Nigeria isn't a real place. I hate to say it but you will only realise how much of a jungle Nigeria is when you move to where things work.

So far, I have gotten my social, got a credit card approved by Discovery, changed billing details to mine and done lots of stuff without having to leave my home, bribe someone or queue endlessly.

To be honest, I was quite indifferent the entire flight and wasn't moved about touring Turkey. I just wanted to touch down and pretend like I never spent a long time travelling. I guess it's because wifey packed heavy and I was dragging bags. With my current frame of mind now, I'm sure I could do all of that now but the opportunity has passed without a doubt.

You people relocating from Nigeria and also encouraging others to leave also contributed to the rot in the country.

The problems in Nigeria were caused by Nigerians!

Anytime I visit a country in Europe and I'm returning to Nigeria I notice that Nigerians always behave prim and proper at the airport but once the flight lands at MMIA in Nigeria their senses take leave and they all start behaving like mad people.

The reason why this is so is because people don't get punished for bad behaviour in this country(you can virtually get away with anything especially if you're ready to spend money), this is not just the fault of our politicians, every Nigerian is complicit in this!

8by6incher:
Don't know why Mod removed my first thread...


Currently, I need funds to raise my business, got some funds locked up in piggyvest (piggybank) till the middle of next year. Is there a way to use piggyvest safelock as collateral to get a loan from any place?

To answer your question what you're offering as collateral can never qualify as collateral.

Here's why:

- Only you have the password to your online account and your profile on Piggyvest or whatever

- The investment was done in your name therefore by default you are the first payee when it matures and is due for redemption

Only a very foolish or ignorant person will accept this as collateral cos it's as good as having zero collateral; lending money to a Nigerian without first obtaining a good collateral is a suicide mission

Channah1:
I'll see how you and that copyrites will take it when you find yourselves in my condition and no one will be willing to render help to you.

Wait for it!

The fact that a person did not provide financial assistance to you does not necessarily mean that the person will also become broke and need your help in future.

Get that into your thick skull!

Make una do finish this project make person see road pass

successmatters:


Losers

The federal government should just apologise to Nigerians and release this innocent man. Grasping at straws cannot help their already battered reputation.

Long live Mazi Nnamdi Hero Kanu
Long live Igbo land
Long live all Nigerians who love peace and freedom.

Innocent man?

If you were a relative of one of the policemen who were needlessly murdered by his brainless followers would you call him an innocent man?!

Why is he hiding from a man like himself?

Halo22:
That's a step southeast Governors would have taken in order to end all these civil rubbish at the beginning, but they were afraid of being attacked. Now see where we are.

Yes exactly.

That is one area where Governor Wike excelled by putting a stop to the nonsense before it took root in Rivers State

pinkPUSSY:
This letter is not necessary at all. Best is to ignore the news about sit at home and continue your daily activities...

This letter will complicate the issue and create an Impression that there might be clash between UGM and security forces in Delta State thereby making the masses to hide at home to avoid becoming victims of the clash and again making the UGM to achieve their purpose....

Common sense is not really common. Silence is golden.. There are some issues you solve with silence rather than threat or warning..

A group of misguided touts are threatening the peace of the community and you expect the government to keep quiet?

You and the sixty something people who have liked your comment so far are the ones who lack common sense.

byrron:
Denrele has been very consistent with his madness, creativity, expressions etc way back in his uni day's at unilag till date.

It takes a great deal of dedication and fidelity to remain this consistent for so many years with his "unique" personality.

He's a nutcase!

Niece:
Nigerian TV host, Adenrele Oluwafemi Edun popularly known as Denrele stole the show at the just concluded AMVCA 2022 with his electric outfit, WonderTV Media reports.

Watch video below:

https://www.youtube.com/watch?v=wgXxMTbB9bY

https://www.instagram.com/p/CdlVnRoI06i/

Which show did he steal with this rubbish he's wearing?

I don't believe this story

Urheadmaster:
Another disaster �

If NFF can not patronize our ex-super eagles stars... Super eagles wings will keep on crashing

Our ex-Super Eagles player always ask for bribes before they field qualified player in the team!

PARADIZEPRIEST:
IF NA USA THEM DON GIV AM LOAN SHARP SHARP! BUT HERE ALL THE MICRO FINANCE GO TELL AM GO BRING GURANTOR

You too can set up your own bank then anytime someone you don't know comes for a loan you give him the loan sharp sharp without asking for collateral or guarantors!

I still do not understand how we came to be sharing the same country with these brainless animals in the northern part of the country!

So you mean to tell me this guy is 20years old?

So you mean to tell me this guy is not really doing Yahoo Yahoo and using crypto as cover?

LongBig:
I think they are having issue right now, because I can’t withdraw to my naira account, hopefully they resolve it on time so I can come back here and give positive review. Finger cross (My first time of using it)

Ya money don already enter voicemail!

Una no dey hear word!

Pierocash:
lol

Hope you can afford the kind of car I drive? I don't drive Corolla, or Camry

Beggars can't be choosers

Desperados:
Bro, leave that talk. Even a Yahoo guy I know here started his and he is gaining from it full time without being there physically all the time.


Location matters...

Go and do the business yourself with your own money then come back and give us feedback based on your experience.

The reason why the Yahoo guy is not feeling it yet is because his Yahoo Yahoo is still paying him so he has not yet noticed that a lot of money is missing from the dredging business

agrowell:
Invest in Sand Dredging business and multiply your income. Talk to me on this

If you put your money in this businesses they will steal you blind!!!

OP no matter how drunk you are do not invest your money in sand dredging or haulage business if you cannot guarantee that you will be physically available to monitor the business 24/7.