₦airaland Forum

SpeedRacer:
Car was fixed to highest standard possible., airbags replaces , sensors replaced, seat belt replaced, srs module was wiped and reprogrammed.,
The bill was quite heavy but I had insurmace .
Everything works now .
Thanks for your concern.,if in doubt you can schedule an inspection to see for yourself ��

I know this is an old post but do you mind pointing me in the right direction as to the workshop that handled the repairs?

drdanny:
Please has this issue been resolved? For nearly a month now, my money has been trapped in their redemption glitch. Millions of Naira!! They dont reply emails and messages

I ended up sending multiple emails and calling multiple people. It was a bad experience and I redeemed all my funds and let Gt.

Have you tried going to a gtbank office to attempt to have them reach their investment section. You could also visit them in person if you are in Lagos.

Dramadiddy:
Zed recorded minus even with the green asi yesterday?

Even Cardinalstone was negative. That tells you what you need to know about the Nigerian equity space.

Gotocourt:
Una no dey tire. Tell FG to stop taking 50 percent on cement 📌

m

Your reasoning amazes me. If the so called 50% tax was the only reason why cement and basic commodities are so expensive, why then do these companies declare abnormal profit after tax yearly? The keyword here is “abnormal profit” because they are an oligopoly mostly.

These firms charge Nigerians what they won’t dare charge any where else. Otherwise, how do you explain profits of over 200% on a bag of cement?

It is simply collusion with the corrupt government. They are not innocent.

smallsmall:
You must think that National Bank, First Bank, Cooperative Bank and many Banks that have been in existence, for over 30years before this wicked administration came into Power in 2023, were living on Charity and not making Profit.
SMH

Secondary School Economics (O. Teriba) should have taught you that[b] Banks make Money by loaning-out Money you keep with them and charging Interest on Loans.
That is not the same thing as charging Customers for Every Transaction, unsent SMS, VRT, Maintenance Fee, Baba'sope Fee, etc.[/b]

Some of you are so ignorant, one is forced to conclude that you deserve what you are

getting from these wicked leaders.

Thank you! Some people just talk so they can be heard. Banks are making billions from arbitrary charges and he is there defending nonsense.

Making money from your deposits is not enough. It is under this useless government that banks started having the audacity to charge ridiculous amounts. Imagine charging 800 Naira a month for sms charges which I received 10- 15 times in the month. Gtbank for example will rather send you 4 sms per transaction for stamp duty, vat, vat on stamp duty and whatever else they like to ensure they take 20 Naira sms charge per transaction.

It is beyond ridiculous. 200 billion naira for charges, jeez!

Yet one slow poke is there defending nonsense. Nigerians truly deserve their leaders.

cyrilex202:
Seriously I'm tempted to liquidate my funds in mmf to my equity what is your advice @equityM?

Proceed with caution sir. Equity is high risk. So
Always ensure you have a good percentage of your funds in low risk investments like mmf as a hedge. Green Day’s are not guaranteed. Always remember that.

Arizona86:
Anybody using Stanbic should please check the fund price for me please. Did they trade on the 26/04/2026 which is a Sunday and made a loss? How did the fund bid price go from 61221.64 on Friday to 60453.21 on Sunday? Stanbic don dey play us oooo

Stanbic updated on Saturday night. Then deducted the exact same amount which was credited into the Imaan funds thereby returning the fund value to the exact same value as at Friday morning. For equity funds, they deducted way more than was even credited on Saturday meaning the value is now less than Friday morning.

Does anyone have an explanation for this?

Iamblessed8888:
Another green day loading. April has been nice.

Is this Paramount?

Can you please give a range of the amount yielding this juicy dividends?

cyrilex202:
Stanbic with tiny Green

Stanbic did 0.97%. That is not tiny green. Even Zedcrest was just a little more.

Gratefulme:
Is it just my account. Stanbic hasn't been updating equity? Imaan, Ethical and equity has been same amount for days.

Same here. Was just about to comment it here

Or maybe there was neither a gain or loss this last two days although that would be weird.

Ensol:
This is not encouraging at all, I started investment with them since January and never had any issues, although I fund the investment account via GTWorld mobile app and it reflect within 24hrs. Have you tried emailing your investment account officer, escalate also to the fund manager too Kelvin F.B. Biiranee, copy Infoteam@gtfundmanagers.com

Yes, I even spoke with my investment account officer and he said he would look into it. Till now, nothing. I am so exiting the fund after this. Funny enough, I funded via the GTWorld app so it is a direct debit. Not even a transfer.

Note that all the contact numbers on their site doesn’t work. They don’t pick the calls. The account officer number was seen in his email header and I called him many times for hours before he picked. I am shocked that a huge organization like Gtfund managers could be this callous in service. The least they can do is notify customers of a system glitch if there is a delay in top up. Rather; this is hide and seek. Stanbic all the way. 10 years with Stanbic, never had an issue that wasn’t resolved in 48 hours.

Do you have the email for Kelvin?

Gt fund managers has refused to credit my top up into my account since March 31st. Sent emails, they asked for receipt of payment which was sent immediately, yet nothing.

The level of service delivery from some of these fund managers leaves a lot to be desired. It is almost like they are doing us a favor to have our money in their possession. It is so ridiculous. If there is a network or system problem, shouldn’t an email be sent to notify people whose deposits are hanging? What happens to the float or dividends in the last 8 days of being in limbo. I decided to try them but this is disappointing. Never had this experience with Stanbic

Can anyone please point me in the direction of the emails for cbn and SEC as I intend to report this anomaly.

Zedcrest:
Hi Uberchic1

We have followed your objective posts on Nairaland about our equity fund and value your perspective on areas the product can serve you and the community better. We would like to connect with you directly to discuss your views further, including areas you feel we could improve.

You can reach us via ask@zedcrestwealth.com

We said it before. 🤣🤣🤣🤣

Bluearrow:
The month that falls in end of any quarter usually gets slow top up. Top up are temporarily suspended for some fund managers because of quarter ending computation, something like that. Maybe u should send them a mail. But I am sure it will reflect by next week Monday. My top up on paramount I did on 31st is yet to reflect too for the same reason.

Thank you

I topped up my gt money market funds on March 31st. Till today, the funds are yet to reflect in my gt money market account. Has anyone experienced this sort of delays with gt moneymarket? If yes, how did you resolve it?

Appreciate the responses.

My gt money market fund has not been updated with dividends since March 17th till today.

Gt money market subscribers, is this normal?

Salarys:
The market was closed for the holidays but Zedcrest went down a huge 1.4% yesterday.

I'm wondering why. Anyone has a reasonable explanation?? Because it doesn't add up.

Other fund users (GT, paramount and the likes), any similar experience? I can speak for Afrinvest as my portfolio with them stays dormant on weekends/public holidays.

This is true. I just checked my app and there was a loss of over 1% on a public holiday. This is ridiculous. Uberchic needs to come and explain what is going on as he/she always has a defense for Zedcrest.

Whatever the situation, if this trend continues, I ll exit the funds even with a loss, I won’t mind.

Ensol:
Lol please guys what app does Zedcrest have?

It is called Zedcrest wealth on the App Store

LoriHamo:
I did too...and one other guy as well....

But "someone" here keeps trying to shut people up....

Imagine....on top my own money...

@Truthbetold come o

Zedcrest paid agent will soon come and rant up and down. He/she is currently blocked as I am tired of reading epistles without a lack of objectivity.

I have officially complained to Zedcrest and they mentioned that they would look into my complaints so fingers crossed.

auschris:
Oh wow. I just checked again now and saw that the figures I saw earlier has changed.

Why on earth are they computing multiple figures on the same day? I just don’t understand it.

[quote author=Ensol post=138805510][/quote]Thank you..

EquityM:
Paramount is on fireeeeeeeeeeeeeeee.

Do they have an app? If yes, what is it called?

auschris:
These are the the returns for the today :
ARM Halal Balanced fund +0.78
ARM Aggressive Growth Fund +1.33
Afrinvest Equity Fund +0.94
CS Equity Fund -0.28
Zedcrest +1.68

GT takes a whole day to update

Zedcrest took a small loss, not a positive.

Iamblessed8888:
Just enter whatever units gives you your naira equivalent. Keep an eye on the naira equivalent as you’re inputting the units

Thanks.

Iamblessed8888:
There’s no limit. Ive done more than that

Did you have to do it multiple times?

dammiecool:
Abeg whats redemption like with zedcrest ? Before i move more funds there. I dont want a Quantum Zenith situation.

Noticed that you can only redeem 200k units max at a time. I am not sure if it can be done multiple times in one day or if there are limitations.

Other users should please advise..

princezzz:
Truthbetold, i dont think that you can outrightly callout a particular fund manager, while also adding fradulent into that same paragraph and not expect some reactions, personal or otherwise. You used fraud in that paragraph twice.

While i also understand your concerns, you came at that conversation with all the wrong informations, without doing your proper checks.
And that is simply what Uberchick was also trying to correct. He also addressed your concerns about the reflection of the YTD value with screenshots and evidence, so dont pretend that you didn't see it. So i stand with him on this conversation.

And then there are some of us, who see daily percentage gains and losses on Cardinal stone. Then see no percentage gain and losses on Zedcrest, and depend on people on the group to monitor the calculations for us closely,both with daily screenshots, excel sheets and chat gpt, please keep it up.
Then there is Zrosk, that just samas and hammers you with an email every 5th to 7th of the new month,showing you monthly balance and report, no daily serenren, no time to shalaye. You go fight them

The goal is to stick with fund managers that you are comfortable with how their platform and app works. Your peace of mind and mental health matters to us on this group, because if trends are to be followed, we are still in for more brutal cherry sweet agbalumo red days ahead, irrespective of your fund manager.

Well, someone here pointed out that Zedcrest posted multiple ytd and he noticed it. That may have been what I saw too. The basics is that there is some inconsistencies which may just have to do with how the app is built. Multiple users on here have aired the same concern.

You have spoken like it is not personal: that’s how it should be. Anyone who takes it personal has vested interest and is either a promoter or an agent so everyone should pay attention.

The thread is for information. That means if you have concerns, you should be able to air them and get clarification. Not being combative like you own the fund manager.

Importantly, we are still waiting for screenshots showing that the 52% ytd correlates with the funds in the account from any subscriber on here from January 1st till date. It is all part of the vetting process and no malice intended.

Peace..

Salarys:
There was a loss, boss. You see the issue?

This is what a simple percentage gain/loss update will fix.

Another thing I noticed after trading on some days ago, they updated the YTD twice. And no, I'm not kidding.

I'm even just seeing uberchic's post where he said Thursday's YTD was 52.38%. Over here was 52.74%.

I'm sure it was same thing that played here. He most likely made a screenshot before they updated it again.

They should do better.

Thank you! This is objectivity… nobody here is paid for promoting one app or the other. We are just watching out for ourselves.

Uberchic1:
Then people should just stop investing with zedcrest, no? Each fund performance relies on the selection of stocks.. We all know this. A sector might do well today and one fund manager heavily invested in it so they record heavy green while others who aren't heavily invested in that sector record tiny green or even red. The sector zedcrest invested heavily in did extremely well during the early bull run from January to late February. CD CSOF is even higher. Zrosk is almost on par with zedcrest. People should put their funds there instead if they want high ytd or just stick to regular Cardinal Stone for transparency. This isn't a new topic. Some others have mentioned zedcrest's lack of transparency before and it was heavily advised on this same thread to avoid them and do CD instead.

However, ignoring all the transparency talks a few pages back to still open zedcrest because of high ytd only to come and also complain of transparency. I mean, what is the point 💀

Do you work for Zedcrest? Cos I do not understand the interest. Are we not all investors? This is a public thread of like minds and we are allowed to question stuff. People complained about zenith equity a few pages back bitterly. I did not see you there trying to school or defend them.

The idea is not to run down any fund. It is just to ask questions from fellow investors and get alternative opinions so chill..

Bluearrow:
I honestly don't think the bold is his point, everyone know all fund managers don't have same stocks in their basket, so don't see this as an attack on zedcrest. The issue is YTD update. I asked equity.m this samething few days ago. How come equity market has been doing sideways since last week, but the YTD of some of these fund managers is still flying high? That was why he said if there is anyone that put their funds in January that can confirm the current yield on his capital. We should see reduction & increase swing as market fluctuates, which will make their unit price cheaper, but they all keep flying up.

Thank you. I am with 4 different equity funds and this was my concern. Again, I am more concerned about transparency and fund security, not whether one should stick with this or that because it is your favorite or beloved fund manager.

It was a clear message.

EquityM:
I'm checking the Zedcrest data on the SEC website; the YTD, bid price, and offer price do match.

I ll note the ytd vs gain/losses over the next week and will update the house.

Thank you.