odontoid1:


I share your view my brother. How can they claim there was a mistake? It raises a lot of concerns. What if they subsequently say that most of the accrued interest was a mistake? I did not want to comment more on this further but at least I have seen one person that thinks outside the box who will not just accept whatever they want us to believe.

If, they really think it's a mistake, let them come clean by telling us what and how they calculate/calculated it.

IyawoToBe:


I have asked for my statement for over four days and they have refused to send it to me. They took 30,234 from my principal and then paid me short in my daily yield. I am closing the account on Monday.

emmanuelewumi:


If you are in Lagos please pay them a visit or try and speak with your account officer.


I get my statement of unit holdings every month.

singletech:
Arm, arm MMF.. Can someone tell me their current rate please.... I am beginning to consider them to stanbic

IyawoToBe:


If I want to stop investing with them, can I take out all my money including the few interest from this new quarter?

IyawoToBe:
For those defending FBNQuest, ask for your account statement. Or they should show you a breakdown of how much excess they paid into your interest on the 14th of December.

The day someone mentioned here that he got an outrageous excess as yield for the previous day, I quickly logged into my account and noticed there was no strange increase in my accrued interest.

So without any explanation, they took out a whooping 30kplus from my principal on the 6th of January and then paid me short of my expected value for the number of days the accrued interest showed 0.00. I even tried to use 6% as the yield rate but I was still short paid.

Send me my account statement, MBA! They refused to send... Who is being shaddy here?

reservd:

Strange cos I didn't ask for my account statement yet I was sent, infact twice by 2 different representives when I complained about the deductions to verify my claims. It is well

odontoid1:


You can always check their daily interest rate via this link

https://arminvestmentcenter.com/MutualFunds/Details/1003

IyawoToBe:


I have asked for my statement for over four days and they have refused to send it to me. They took 30,234 from my principal and then paid me short in my daily yield. I am closing the account on Monday.

emmanuelewumi:


If you are in Lagos please pay them a visit or try and speak with your account officer.


I get my statement of unit holdings every month.

IyawoToBe:
Can you please provide the numbers you called. Apparently, my account officers are USELESS!!! I'm moving my money on Monday if I don't get to the root of this.

seyisanya:


How, sir? Do you send a request for this every month?

IyawoToBe:


If I want to stop investing with them, can I take out all my money including the few interest from this new quarter?

michaelogunleye:
Today shows stanbic mmf rate at 7.7, the rate keeps dropping are there any better rates out there

coolangel54:
Diversify your investment this year by investing in digital agriculture. You sponsor a farm for a specific period and receive a with mouth watery ROI. See my signature for details

aremiya:
Here is been my experience so far, I invested my fund in both first bank edge and stanbic ibtc. Before then I had went through all the post on nairaland to really understand what is like, of which I had strong reservations about fbn edge based on comments I still went ahead anyways. But all the time it takes forever for them to always top up my account after sending the details of transaction and they wont respond not untill I send several emails and recently I have tried to redeem part of my fund precisely December 28 the account was debited and up until now I have not recieved the fund in my account. So I decided to try same with stanbic ibtc, I redeemed around 12pm and also recieved my fund same day. Uptill now I have not gotten any tangible response from fbn edge, they are not responding to my calls too. It sad that this is happening I didn't really need the money I only followed some body advice on this forum that suggest we should try and make withdrawal jus to be sure evrything is kool so that u don't get stuck when you actually need it. Probably some body is benefiting from this at fbn edge, my advice don't do fbn edge. They are not ready for this. Put ur fund some were else

faoogoke:


Your submission is rather strange. How could they make mistake with regards payment of interest. I thought the whole process is automated. If it is automated then its garbage in garbage out. These applications don't make mistake. I stand to be corrected though and of course this is Nigeria.

isangjohnson:
Please do FBNQuest and FSDH have any office in Ikeja?

isangjohnson:
Please which of the two is in Island and where exactly in Island?
In other word, they do not have office in Ikeja?

Kereokwu:


The page has issues on mmf interests not paid correctly, delayed response to emails, arm mmf. Maybe it's not the right page.

Pls house/forum I really need urgent reply to my earlier questions:

Wow I want to say a big thank you all the contributors here, so much too learn. God bless you all richly in Jesus name Amen.
Well I have decided to try mmf using fbn quest since tb is too low, now here are my questions:
a1. Will my capital be preserved just like tb?
2. What are the tenure(tb has 30d, 60days etc)
3. Can I pull out my funds anytime it matures
4. Any charges?
b. Now for fg savings bonds what is the minimum tenure?
2. Can I get it at any commercial bank?
What are the rates now?
For someone who is learning stock and decides to buy 50k of( E.g uacn or Access), is the person
a share holder or what is the difference.
C. What is FS
questions.
Thanks

isangjohnson:
Please I need fbnquest website.

yak:


God just sent u to post this!!
I have bn battling with this decision since December 30. As soon as I saw this, I was convinced it's the way to go now