₦airaland Forum

unite4real:
I dont even know what you are talking about. I give you an instance, i have personally been investing in treasury bills for the past 5 years with 3 different banks. on each occassion and bank, they normally leave my discounted interest and the difference is debited. There had never been a time that all my principal was debited only to credit the interest later. that can only happen when you buy government Bond. So the advice that was given is not bad at all because if it happened to me, i will go straight to the bank and raise my voice small.

you are right in what you are saying but my point is that as far as Nig. Banks are concern, they either debit the face value and credit ur interest shortly after or leave ur interest while debiting. In either case we have no control of what they do. We can only complain and they will apologise only to repeat same another time. So it will be wrong to assume that something is wrong if the debit the entire face value.

princeuk21:
maybe they used the money for fixed deposit but contact your branch manager.

all these people quoting accouting principle and you advising smbody to contact branch manager, is not a must that u advice on what u know a little or nothin about. I hav said it that d theory of intrest at maturity is not what is obtainable in 90% of these custudian financial institutions in Nig. selling Tbills. So if someone said a bank took entire face value of 100k in Nig. bank, It's normal. As they would credit d intrest shortly after the auction. Don't cause innocent investors much pain with theoretical advice that would make them look stupied when they go to the bank and begin to quote a/cting principle. Or are u not aware that most of this small amount investors will literarily beg this banks to sell tb to them to no avail they wil tell u that d don't do tbill with that amount.

kamair237:
Fear Africa

africa_wonder indeed

Why I kept my mother’s corpse in my room for 10 years
He broke into national limelight in early May 2013 when he was shown on the television across the country while being pa­raded by police officers attached to Imo State Police Command who accused him of sleeping in the same house with the corpse of his mother for 10 years.
The accused, Chimezie Osigwe, a re­tired school principal, immediately be­came a subject of discussion among Ni­gerians.
While some described him as a cult­ist, others accused him of being a ritualist who had allegedly killed his mother, and later kept her corpse for ritual purpose.
While the debate raged, the police later charged Osigwe to court for murder. He was arraigned before Justice Goddy Anunihu. However, at the end of his trial, which lasted over a year, Osigwe was finally discharged and acquitted on No­vember 25, 2014 by the trial judge.
In an encounter with Saturday Sun last week in Ibadan, Osigwe, who expressed joy that he has regained his freedom, however, pointed fingers at some of his kinsmen in his native Oguta community in Imo State as being the brains behind his ordeal.
According to him, some of his own re­lations and elders in Ezuru Umuagwu in Oguta colluded with the police to frame him on murder charge.
“How can I murder my own mother? How can I murder an 80-year-old wom­an that gave birth to me? Why? These people just framed me up, using police to achieve their diabolical plan,” he de­clared.
Osigwe, who told our reporter that his mother died as a result of collapse of a section of the wall in his house, further added that immediately the incident hap­pened, he informed some of his siblings, and elders in the community, adding that they all later commiserated with him.
While saying that he was shocked by the sudden turn of events that led to his arrest, Osigwe attributed it to a dispute he had with a relation who later decided to report him to the police that he had been sleeping with a corpse for about 10 years.
“Everybody in the village, including the elders and relations, knew that I had been keeping my mum’s corpse for 10 years. They knew I embalmed the body. I actually obtained police permission to embalm the corpse, and not only that, the embalment was done at General Hospital in Owerri – it is only that the then Imo State Commissioner of Police, Mr. Mu­hammed Katsina decided to make an is­sue out of it. I also strongly believe that I was persecuted by the villagers because of my faith,” he declared.
Asked to elaborate on the persecution angle and his faith, Osigwe said he be­came number one enemy of the villagers after he became an adherent of Sat Guru Maharaj.
On how he felt sleeping with a corpse for 10 years, Osigwe said that he didn’t have any strange feeling. He further added that he saw nothing abnormal in keeping the corpse for that long without according the deceased a befitting burial.
“Why should I be afraid? To be afraid of my own mother? In death and life, she remained my mother. I never had bad dream for that 10 years. In fact, hav­ing her body in my house for 10 years brought progress and prosperity to my life,” he said.
On preservation, he said he hired a mortician who was coming from time to time to inject the corpse to make it re­main fresh.
“Mama was at peace with herself – I locked her up in a room, but from time to time, I go there to check her. I often meditate there. It is very unfortunate that my detractors disrupted Mama from en­joying her peace,” he added.
Giving reasons the deceased was not buried when she died, Osigwe said he re­sorted to embalming the corpse because not all his siblings were in Nigeria.
According to him, he has two senior brothers who were based in the United States and both of them expressed their desire to be at the funeral.
“One of my two brothers, Pascal is a professor in the United States while the one that followed him, Athanasius, both expressed their intention to pay their last respects to mama physically. With this situation, the only alternative left to me is to embalm the corpse, which I did?
While saying that he has forgiven his enemies, Osigwe told Saturday Sun that he has not been finding it easy to cope with life since his discharge by the court.
He added that things were made dif­ficult for him by Imo State government, which he alleged, has refused to pay his pension and gratuity.
Urging Governor Rochas Okorocha to order the state government officials, especially the Teaching Service Commis­sion, to commence payment of his pen­sion, and also his gratuity, Osigwe said: “I was charged to court, and the court of law has not only discharged me, but I was also acquitted of murder charge preferred against me. What else do they want? To me, this is an act of injustice, and this is why I said that I’m being persecuted because of my faith. I want members of the public to help me appeal to Okoro­cha, they should pay me my entitlements. This problem happened around the time I retired from the public service. A la­bourer, as they say, deserves his wages. A competent court of jurisdiction has set me free, then why is the government reluctant to give me my dues? I’m suf­fering now, I don’t want to die now,” he lamented.
Osigwe further told Saturday Sun that he has not visited his village since his release, adding, however, that he was afraid of going there because he had been reliably informed that elders in the com­munity had vowed to deal with him if he dared step into the village.
“I was told that if I like myself that I should not show up in the community. I was told that many of them were not happy that I have not been hanged. What is my offence? I was reliably informed that most of the villagers, including the elders, have vowed to deal with me for allegedly desecrating the community by becoming an adherent of Guru Maharaj in a village that is predominantly Catho­lic. I have been declared a persona non grata in my own village, where else will I go? I want Imo State government to in­tervene in my case.”
The 63-year-old retired teacher, who stated that village elders warned him when he openly declared his membership of the Guru Maharaj sect, said he didn’t take the threat seriously since Nigeria’s Constitution guarantees freedom of asso­ciation and worship.
“The elders called me and warned me that they will not allow me to pollute the village with Guru’s teachings, but I dared them to do their worst, and with benefit of hindsight, I don’t have to look far to know those behind my predicament,” he said.
Attributing his mother’s death to al­leged negligence by a company located close to his house, Osigwe said the com­pany operated some heavy equipment that often cause vibrations in his house.
He added that on several occasions he had visited the company to lodge com­plaints.
“When my mind is settled, I will take the matter up with the company – I’m go­ing to challenge them. The company is li­able for my mother’s death,” he declared.

Pls

petikal:
For those who need to know historical and current rates (which CBN website delays in releasing), go to this website and search for NTB Auction, then click on your date of interest.

TBills are usually done roughly every 2 weeks. See attached for August 19th results. You're welcome!

thanks

Eh! Don't deviate this thread with all this. Trade talk. Theory is sweet but practical is not as sweet as that ooh. I have been there before. @ all, Abeg when is next. TB auction date pls

asgat1love:
wen you no go do the reg. from confam place

Amebo, how u tak kno say I no do am 4 d right place

okhiai1:
dem Don block my etisalat line say I no register am well line of 5years plus make dem no try rubbish ooo

serious? Na wao!

Lanceslot:
I got the msg, called their customer care and they told me to ignore the msg if I've registered.

ok

Bendata:
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if I catch you eeh, I wil deactivate u from NL for advertising this data of a thing here wey people dey vex

parrotibaba:
Bros it's no biggie ,maybe they no like ur face for ur previous pic

then I get long goatee for my jaw,

aooo:
I did. Mtn don smoke weed.

ok now, they should drink enough garri and leave my line alone. May be I have to deactvate them before dey deactivate my line

Despite registering my sim for over three years now, mtn sent me this text twice yestarday and today:
"Y'ello! Please visit any MTN service centre immediately(with valid photo ID) to complete your SIM registration & avoid disconnection in line with NCC directive."

udysweet:
Tnx a lot my broda. But pls dis is a 1st for me. My question is; is dis all I get on 500k for 91days,I mean the 12,201 naira? I tot dey say its usually 10 percent of the total amt invested? I'm lost o ,lol!and yes dey hav taken the 100 1st,d oda 104 naira hasn't been deducted yet

if is 10% u get 50k divided by 4=12500, since it's 91days. but urs is possibly 9. Somthing percent

udysweet:
Infact I was gonna type smtn close to urs wen I saw ur post! I invested 500k dis week on TB(first bank) and I was debitted same amt next day. Just got an alert now creditting my acct wit N12,201.17. Pls can sm1 help and interprete dis for me:is it wat I'm to get for d 91days I invested? Pls o house help,God bless

that's what u get. I hope they have taken or will take about N100 and N104 custodian and transaction fees respectively. U get ur 500k back after 90days. That's why some of us believe that we get d intrest upfront. Cheers!!

NairaQuest:
I am amazed at how many Nigerians live with illusion that TBill interest is paid upfront, please read the below from the U.S. treasury bill website with particular reference to the Key Facts

https://www.treasurydirect.gov/indiv/research/indepth/tbills/res_tbill.htm

whether a cup is half full or half less, depends on ur view point.
Lets say a man borrowed 100k from u at 10% intrest, in 360 days. He might decide to giv u 10k now an bal 100k after 360 days or pay back 110k at maturity. The former is d case of tb. pls experts in d house what do u think? We are all learning smh

unite4real:
Your analysis is not make sense to a lay man like me, the 10% you talked about is not of N90,000 but of N100,000. in order words, if you have been given your true yield which is 11.11%, then i can buy your argument. as long as what i get is 10% of my capital of N100,000 and not N90,000 then i understand that my interest is upfront.

well, just my lay man understanding.

seconded. Cos true yield , to me is meaningless if inflation is high.

He might be correct technically base on what we call 'apparent image' in physics. But the 'real image' is that u collect ur profit from tb upfront

yemmit90:
I dont think is an expert as you said. He negletected the face value of actually investment upon which interest is being calculated and came up with such pseudo analysis.

Check again the example he gave concerning borrowing from friend, you will see there is no correlation between what he was saying and TB.

i agree with u. Just recently i bought tb of 500,000k, at 10% in fbn. D full amount was deducted and 10% credited to my a/c d next day

Nigeria's Donald Trump is out!
Obasanjo is out!
Obasanjo set to expose Buhari
Former President Obasanjo is the only one to rightly expose Buhari’s negative past records of public accountability,and “Baba is watching every move and might hit the blogs at the right time with documents that would shock the nation,” a source disclosed.
A reliable source told International Guardian that “Baba is watching every move and might hit the blogs at the right time with documents that would shock the nation.” For instance, Buhari as the chairman of the Petroleum Trust Fund (PTF) between 1998-99, Buhari failed to account for a missing 25 billion naira, confiscating all related documents and obstructing all investigative channels. Buhari’s refusal to corporate with investigators, and again, confiscation of related documents jeopardized any attempt to immediately probe him.
On assumption of office in 1999, Chief Obasanjo disbanded the PTF and found that the funds that accrued to the PTF stood at N 181 billion. It was also found out that the consultants appointed by Gen Buhari as the Executive Chairman had fleeced the country of funds running into billions. In 2000, Obasanjo’s regime set up a provisional committee to probe the affairs where Buhari’s fraudulent activities were blatantly exposed. Information from Obasanjo’s camp thus far indicates that the current drums of war over “who-stole-what” may not look good on the general, it was gathered.
Obasanjo’s dossier also included documents linking key Buhari allies and colleagues in his administration to major fraud related tom other affairs of the government. In a reaction to the current issues, an informant close to Obasanjo’s camp simply told International Guardian’s reporter in Abuja, “Baba dey kampe,” a common phrase about readiness for action, often attributed to Obasanjo.
See more: http:// www.guardiannews usa.com/ corruption-wars- -obasanjo-to-ex pose-buhari.htm l

feelamong:
Did you ask what rate are they willing to roll over for you? usually at the expiration, you money drops back into ur account unless you indicate that it should be rollover..

yesterday i assisted one of my friends to purchase 85days Tbills at 10.5% in the secondary market..

i doubt if the 91days will do more than that in the auction today...

thanks, ur comment is helpful

silvoice:
Guys my tb matures 23 july. Fbn say I should come and rollover. Any idea of the likely stop rate for d next aution so that I can decide whether to invest .

still waiting 4 ur resppnse. If I do not go to the bank cos am very busy now, will dis money be paid back into my account or will they rollover automatically, cos I did not indicate rollover. Nor termination. When I filled their form?

Guys my tb matures 23 july. Fbn say I should come and rollover. Any idea of the likely stop rate for d next aution so that I can decide whether to invest .

BANGERLEE1:
Now you want me to tell you how u can do it...very simple all u need do is
I don't really know!

so this issue is this difficult? That NLanders can't help. Well, that means I will try Google. Google has always been my friend

zealot4me:
The posters above me tho



@Op: pre-intimacy is very important, make sure she is interested in making love with you cos getting wet works with the mind.

Try to be very romantic (no be say u go dey drag her pata like say u wan strt gen)

If it doesn't work try lubricating oil....
Good luck.

i jus hope that lubricant wil work cos i tried more than thirty minutes of pre-intimacy and she was wet, but shouts as if am burning fire on her waist when i tried fixin it. It scares hell out of me. Thanks anyway

vfactor:
Do you know me??

yes, cos u ar a nairalander and we ar all friends