I felt very unhappy today when i got to SEFTEG's office at Victoria Island to do an additional investment of 100,000 naira.,,, All to see on their notice board that the payment has now reduced by 10% or more,

In simple terms ,they now pay you 9,000naira on their minimum slot of 50,000 naira,instead of the initial 15,000naira,

I blame it on the goverment of this country because they now have different levies here and there to pay to them,including the VAT they are forced to deduct from every sefteg member's payment, And VAT has now increased to 10%, Can you imagine,

How cruel an inconsiderate our goverment can be,

Well im starting my Real account in forex very soon .Just need some little more experience with my demo account and i'd withdraw all the funds i have in sefteg ,


musicalade@yahoo.com
08025023186

My guy, Can u tell me how this Sefteg works? How good is the return on investment?

Please u can reply to here on to waleadesona@yahoo.com. 08055262661, 08022284700, 07028015424.

Thanks

Since Govt increased VAT from 5% to 10%,Sefteg is suppose to reduce their payment from 30% to 25%.WHY 20%.
but more importantly why should Govt increase VAT to 10%.
I learnt Ghana increased theirs from 2.5% to 5% and the public stood against it and
it was returned back to 2.5%.

wales7479:

My guy, Can u tell me how this Sefteg works? How good is the return on investment?

Please u can reply to here on to waleadesona@yahoo.com. 08055262661, 08022284700, 07028015424.

Thanks

@ wale

Their address is at plot 1661 oyinjolayemi str [FCMB BUILDING], Victoria Island,Opp Tastee fried chicken,



You get 20% of your capital deposit, and the minimum deposit is 50,000 naira, which
means you get 10,000naira on a 50,000naira deposit, Less VAT 10%, Sums up to a total of 9,000 naira every month , You keep getting it like that for 24 months, It was formally 30% and we were paid 15,000naira on a 50,000 deposit,


Anyway they've paid me over 900,000 in the last 5 months , ive since made my money and all im getting now is just profits till 24 month last,



musicalade@yahoo.com

My guy,
I don't understand that ur calculation. U were paid 900K in Just five months. I need you to analyse how much I will make with min deposit of 50K within 6months. I know that they now pay 20%.

But what wil; happen to the capital investment (50K)??

Please help clarify.

wales7479:

My guy,
I don't understand that your calculation. You were paid 900K in Just five months. I need you to analyse how much I will make with min deposit of 50K within 6months. I know that they now pay 20%.

But what wil; happen to the capital investment (50K)??

Please help clarify.

@ wale

Yeap its so simple, If they are to pay you a 20% Less VAT for a minimum deposit of 50,000 naira monthly ,Then that will be 9,000 naira monthly, They will pay you that for 2 years[24months] and the contract lapse, the capital is gone,


If they paid you 9000naira for 6months,then you would have made, 9000naira MULTIPLIED BY 6 = 54,000.Then you would have made back your capital and a little more.So everthing you start getting while the remaining 18 months last would be profit,

In the next 18 months you simply get, 9000naira Multiplied by 18 = 162,000 naira,


Which means the total amount you get for the period of the investment [24 months] would be, 9000 Multiplied by 24 = 216,000 naira,

However that is just for the minimum deposit of 50,000 naira , If you invest 100,000 naira it means 216,000naira Multiplie by 2 = 432,000naira [24months] e.t.c,

Id advise you visit their office to make personal enquiries too , It is good to do that before investing in anything no matter the extent of information gathered from people,as it is your hard earned money we are talking about here,

Hope that clarifies it,


And good news , I heard the amount has one back to the initial 30%.Meaning 15,000naira instead of 9,000naira on the minimum eposit of 50,000 naira, just a gist i cant be 100% sure until i get my bext pay this week,


musicalade@yahoo.com

Thank you very much for th thorough explanation. I appreciate.

I will check them by Friday.