₦airaland Forum

Happy new year all. Welcome to 2026

emmasoft:
I just posted how to clear your doubt about a fund manager. By the way First Ally may be new here that doesn't actually make it new.
As an investor you are required to do your unbiased due diligence and go with what you are comfortable with.
As old as stanbic, some folks got to know about them on this thread.
Apart from rate, investors have other reasons they go with a particular fund manager it depends on priority and not trial and error kind of approach.

Read some pages backward from this current page you will get some things clearer.

I come in peace!

Thank you. I was only stating my observation. That's all.

emmasoft:
There is nothing strange about them. This is the time folks here just discovered them, and it's good to have variety. They are SEC-regulated asset management company.
I posted here how to check for a genuine Asset management company registered with the SEC. Use the code as described; that is how to confirm a SEC-regulated company, not by popularity or otherwise.

A new account constantly posting about a company is definitely suspicious.

This is just my own observation. If it turns out they're a good platform and better than Stanbic and Norrenberger, then I'd definitely try them out.

FirstAlly here and there. The many mentions sound strange.

Just sharing my observation.

TOPMAN4LIFE:
I started using it two weeks ago, there process is very slow and frustrating
There is a provision for helpline on the App but no one answers to any question.
After l applied, it took them 6 days before they replied me that I should make some corrections, I am still on it.
I'm waiting to see the outcome

How long did the entire process take?

cjay105:
I heard it's only once in a week that I will be making the trip ..although it will be for going and coming but it is still considerable..because at the moment it's the only cheapest sch have seen

Do what works best for you. Good luck 👍

Kaykaychizzy:
Good day everyone. Please I would appreciate some input on this; Between Univeristy of Roehampton and UWE Bristol, which would you advise I go for? Considering the cost of living and tuition deposit for both.

Roehampton is in London, while UWE is in Bristol. Bristol is a little expensive but London is more expensive.

Do more research to know what works best for you.

cjay105:
Thanks for your reply.. but where do they sleep? Is there a temporary accommodation in the school that you can pass the night ?

You have to consider cost of transportation and accommodation.

Then consider salary you will be paid.

Do the plus and minus to know what works for you.

hizzylife:
Please do you know if physical branch redemption have amount limit? Can one redeem above the limit for app? Thanks

There's no limit for physical branch redemption.

xyrexzmanto:
Please I want to withdrawl my funds from stanbic MMF how do I really go about it ?

This depends on the platform you're using. I've used the app and web platform. I've also done my redemption via their branch. It is all easy with Stanbic IBTC.

For the app and web platform, you can simply login using your details, click on redemption/redeem and enter the amount.

If done after 12pm, it might reflect in your bank account the next day. But if done before 12pm, it will reflect in your account the same day.

If you're using their physical branch, you can sinply walk in and ask them for redemption form, fill and submit the form.

Alright. Thank you very much for your reply.

emmasoft:
No, MMF is not treated like cash in the bank. It's not a savings account, its an investment.

You are only penalised if you withdraw within 30 days of your deposit, in that case you pay 20% of the accrued interest on your withdrawal.

Good evening, everyone. I would like to inquire about the number of withdrawals permitted per month for Stanbic Mutual Funds. Many savings accounts limit withdrawals to three per month to maintain interest; I am curious if a similar restriction applies to Money Market Funds.

It's well

Hello, everyone. Is anyone having issues logging into their Stanbic Mutual Fund on the app?

pharell910:
Same with Visa online application form right??

I'm not sure about this. Others can confirm.

pharell910:
Hello

For TB test, the address of the school can be used right if no accommodation yet??

Yeah. You can use the address of the school.

Good evening all. Please I'd like to understand how the Stanbic Dollar Fund work. Do I need to deposit in dollar or do I need to make transfers to them in dollar? Basically, how do I fund my investment or make transfers to them? Thank you

adekoyzcreative:
"Good evening, everyone.

I purchased a piece of land in Ketu, Epe in 2022 for around ₦3M - ₦4M. Just this week, I received an email from the real estate company, saying that the Lagos State Government is demanding ₦6.5M per plot to process a Certificate of Occupancy (C of O).

Here’s what they claimed in the email:
✅ Lagos State Government has started demolishing estate fences in Epe to enforce the payment.
✅ Landowners must urgently pay for a C of O or risk losing their land.
✅ The government refused to reduce the charges despite meetings with stakeholders.
✅ Clients who don’t pay the ₦6.5M will have their land taken over.

I find this information worrying and confusing because:
🔹 The amount they are demanding is extremely high—almost double the cost of the land.
🔹 Lagos State Government usually announces such policies officially—yet I haven’t seen anything about this on verified news platforms.
🔹 Shouldn’t the developers have handled the C of O earlier before selling to us?

I need expert opinions from real estate professionals and legal experts here.

Is this a real government policy or a scam?
What should affected landowners do?
Where can we verify official government policies on Epe land?
Please share your thoughts, experiences, and any official updates you have. This could help many buyers avoid a huge financial mistake.

Inputs are needed. Thank you

Turns out it is actually a known issue in epe


https://www.youtube.com/watch?v=EFNm7NfavOI?si=KgZbKqQNPxeY2SIV

floss:
See format, and you fell for this cheap scam …. Na wa ooo,

Please post the one they used to lure you into purchasing the land so that others won’t fall a victim

I'm contacting agents and people around Epe and they're all confirming there's an ongoing issue in Epe regarding Lagos State government wanting people yo get government c of o.

Good evening everyone. I purchased a land at Ketu, Epe in 2022 for around 3m - 4m and this week I got an email from the real estate company. I'm sharing it here to verify if this is true or if it is a scam.

Here is the email below:

"You are likely to be aware of things going on in Lagos state regarding the actions of Lagos state government concerning lands and houses matters. The government want owners of lands
in Epe to immediately pay to get certificate of occupancy (C of O) or else government will take
possession of those lands. To make people know that they are serious Lagos state government
Joint Task Force went to Epe to demolish fences of estates and big lands in Epe. They demolished fences but they did not demolish gates houses.
After the demolitions a lot of people including ourselves have gone to discuss with Lagos state
government, likewise Real Estate Developers Association of Nigeria (REDAN) have held
several discussions with Lagos state government, but they are still insisting we must pay to
process certificates of occupancies (C of O) immediately and these must be done as big lands
not small plots of land.
A stakeholders meeting organized by Lagos state government was held on 28th November 2024
i.e. days after the demolition. Despite all the discussions in the stakeholders meeting and weeks
after the meeting, they still insisted that we should pay to process certificates of occupancies
urgently or else they will demolish everything and take possession of the lands in Epe without
C of O.
Sequel to this we have to urgently send this letter to all our clients. The single C of O will
cover the entire lands in XX Estate Ketu Epe, except for our clients that might not
be able to pay for the C of O.
We pray all our clients will be able to pay at this critical period of the economy of the country.
But should incase there are clients that are unable to pay for the C of O, Lagos state
government said they will take over such plots of land.
The amount of money that Lagos state government is charging for processing of the C of O is
much. Different people and entities have begged for reduction in the amount but the amount
they said is still much. Even though we are not happy with it at all but we know we have to act
fast.
Depending on the number of plots of land you have in XX Estate Ketu Epe you
will pay N6.5million (Six million Five hundred thousand naira) per plot for the processing of
the Certificate of Occupancy (C of O)"

Please I need help to verify this email. 6.5m in a time like this is outrageous.

.

Neurotika:
Just walked up into one of their branches and opened another one same way I did the first time. Having to link both together caused some hassles but it was later resolved

Thank you

Neurotika:
I have two with them. Same fund type.

How did you go about it?

Hello, everyone.

I have an existing Stanbic IBTC mutual funds account and I have a running money market fund investment.

Will it be possible to create another Stanbic IBTC mutual fund account for myself for the purpose of running another money market fund investment?

I'd like to have 1 for long term and another for short term. Thank you

Dradvocate:
Both

Abeg how did you escalate via both? Was it same day or at different dates?

Pearlcom:
My bio was 2nd Dec. Got nsf on the 3rd, since then nothing. It's now looking like they pack some people's application and put in the store or folder and keep. Because if you need some more documents, why can't you reach out immediately or after few days to demand? Ah, na wa

Have you made a paid call to escalate?

Good evening, everyone. I'll be applying for my visa at end of November, and my Uni here in Nigeria (Unizik- Nnamdi Azikiwe University) is yet to give me my degree certificate.

Will my statement of result be accepted for Visa application?

.

addidework:
Thank you. He calculated about 10k USD as 10k Naira which is equivalent to 4 pounds instead of 7,500 Gbp. That was the only issue raised.

How was this resolved?

Khenney002:
Why don’t you try Qlife as it is cheaper, did mine 90k
Last month

IOM was recommended. I need the result same day.

BigshotAsola5:
That is the exchange rate for October.. see attachment below..
11 yrs and above is #156,491

Thank you. I used the Oanda rate, only difference is N100. Maybe I'll transfer to them when I get there to make up for the N100