₦airaland Forum

Lol. Amen ooo.

Thanks alot bro

shegs637:
OK, I understand the matter now. Please choose your investment currency wisely so that your original POF doesn't lose too much value. I bought USD at 360 Naira on the 4th of March and by the 27th it's value had jumped to 405.
Suppose an individual made a Naira investment using their POF of 3.6 million naira on that 4th, they would need an interest of 450k Naira (black market rate) in the following 23 days just to have complete POF! Even using the conservative CBN adjusted rate of 380 to 1 USD, that's still a 200k shortfall in just over 3 weeks.
Corona virus-induced currency fluctuations will not decimate our POF in Jesus's name!!!

Thanks bro

I’m not a financial expert, it’s just about the different sources I got the money from. Instead of explaining all the sources. I was advised to just put the money in an Investment account and just get a proof that the money can be liquidated at any time. I’m not really concerned about the interest rate, just to submit the proof that the money can be liquidated at any time.

I hope you get me boss.

shegs637:
I'm not a financial expert but I must question your decision to invest something as vital as your POF in these uncertain times seeing as markets are typically volatile even in the best of times. If you're an expert or acting under the guidance of one then, by all means, go ahead, invest and attach proof that your capital can be liquidated at any time..people have placed their pof in fixed deposits or mutual funds and gotten PPR on this forum.

Hello house,

Please I am post ITA. I’m gathering all my documents. As regarding POF, please can I put the money in an investment account and submit the proof that the money is in an investment account and can be liquidated at any time.

I will appreciate any prompt response. God bless