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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4615179 Views)
Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
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Re: Treasury Bills In Nigeria by ahiboilandgas: 10:00am On May 07, 2020 |
Investment tribunals is their with cases taking several years with no hope....A nigerian securities firm Mis manage 30 bn naira investor funds ...within that period all staff collected their salary steady 3 Likes |
Re: Treasury Bills In Nigeria by QuinModah(f): 10:04am On May 07, 2020 |
Coro has wiped it out ahiboilandgas: 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 10:11am On May 07, 2020 |
Exactly! 1 Like |
Re: Treasury Bills In Nigeria by Paulfroshman: 10:19am On May 07, 2020 |
emmanuelewumi: Morning sir, I have been on the look out for opportunities to buy cheap assets and distress sales but I haven't seen any. Please I will know how you get informed on distress sales and deals. Thanks 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:36am On May 07, 2020 |
Paulfroshman: United Capital is buying debts and businesses, which they will inject capital, turnaround and sell at a profit. I am not sure if you have the billions of Naira they will be playing with. Tony Elumelu and his goons from BGL used this strategy to buy distressed Crystal Bank, turned it around and renamed it Standard Trust Bank. When Hakeem Osagie Bello wanted to sell his majority holdings in UBA. Tony equally raised fund through public offering for Standard Trust Bank to buy Hakeem's holdings. Tony actually raised N7 billion. After which a merger was consummated between UBA and Standard Trust Bank. With this Tony makes over N4 billion every year from UBA in form of dividends, excluding other money making opportunities. 6 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:54am On May 07, 2020 |
QuinModah:chai na to buy zenith bank shares be that ... 3 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:00am On May 07, 2020 |
emmanuelewumi:oga na the same BGL collect ban from sec...Group Managing Director of BGL Group Plc, Mr Albert Okumagba, was unlucky as he got a life ban from SEC for alleged criminal conspiracy, bre 1 Like |
Re: Treasury Bills In Nigeria by Pascopele: 11:04am On May 07, 2020 |
ahiboilandgas:NOT allegged it was actually true he conspired 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:06am On May 07, 2020 |
Pascopele: Pulse Nigieria Search Pulse TV News Politics Local Metro World Entertainment Celebs Music Movies Lifestyle Fashion Beauty & Health Relationships & Weddings Food, Travel, Arts & Culture Sports Football Business Insider SEC imposes life ban on BGL Securities' MD 02/02/2017 | ECE-AUTO-GEN | DIMEJI AKINLOYE Tell your friends Securities and Exchange Commission. Securities and Exchange Commission. The Commission said it has also cancelled the licenses of Assets Management Limited and BGL Securities Ltd belonging to Okumagba. The This is contained in a statement posted on the commission’s website. The Commission said it has also cancelled the licenses of Assets Management Limited and BGL Securities Ltd belonging to Okumagba. It said the duo two were also banned from ever holding office in any public company in the country. The commission said that these were the final decisions of the SEC Administrative Proceedings Committee (APC) in the matter of APC/1/2015: Rivers State Ministry of Finance & 31 Others V. BGL Plc & 31 Others. In a circular on the final decisions, SEC indicated that the companies and their officials breached extant capital market laws and rules that led to a loss of N5.77 billion to 32 innocent investors. The circular stated that the decisions on Okumagba and others were final as the decisions have “been approved by the relevant authority”. According to the commission, it received 32 complaints between 2012 and 2015 against the BGL companies over certain conducts in relation to operations of their Guaranteed Consolidated Notes (GCN) and Guaranteed Premium Notes (GPN). “Investigations revealed that the 1st to the 4th respondents had through the 5th to 32nd respondents breached some provisions of the Investment and Securities Act (ISA) 2007 as well as the SEC Rules and Regulations, which resulted to a loss of about N5,769,993,553.67 for 32 innocent investors,” SEC stated. The Commission stated that in order to ensure that the innocent investors obtain justice while also granting all parties fair hearing, the Commission invited all parties before the APC and having properly issued hearing notices, the APC sat on Dec. 8, 2016 to hear the matter. According to SEC, in the course of the hearing, testimonies and documentary evidence were tendered by various parties, which led to the decisions of the APC. NAN reports that other officials that were affected include Mr Peter Adebola, who was banned for five years, Joseph Ashley-Osuzoka was banned for four years with a fine of N100,000, Joshua Sesan Adetiloye and Ms Mshelia Bittinger were banned for one year. Others are Nkechi Azubuike, Victor Inyang, Hilary Eludu, and Andre Ewubare who were slammed with two-year ban with a fine of N100,000 each, while Anthony Nwozor was banned for one year with a fine of N100,000. Also, Okumagba and Edozie were directed to pay N100,000 fine each, while BGL Assets Management Ltd and BGL Securities Ltd.,were directed to pay N23.2 million and N10.1 million respectively. The circular stated that another BGL company, BGL Plc, was directed to pay a fine of N5 million. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:07am On May 07, 2020 |
ahiboilandgas: He was Tony's friend from the University, was also his best man when he got married. I used to have an account with BGL before they had problems, I have transferred my account to FSDH without experiencing any loss . BGL has made restitutions to those who invested in the fund in question. That is the essence of investing in SEC regulated investments 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:11am On May 07, 2020 |
ahiboilandgas: BGL still have over 800 million units of UBA shares, except if they have sold. That would have given the company a dividend of N720 million for 2019 financial year 3 Likes |
Re: Treasury Bills In Nigeria by NL1960: 11:27am On May 07, 2020 |
emmanuelewumi: Is BGL still in operation as in buying and selling stocks for clients?. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:29am On May 07, 2020 |
emmanuelewumi:they sourced it from the unconventional ways of becoming wealthy in world..do u have any link where they paid restitution..i need to read up 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:36am On May 07, 2020 |
ahiboilandgas: How? A petition to SEC will cancel the shares if there are irregularities in the acquisition of the shares When Otunba Subomi Balogun was young, he does not collect his professional fees as an investment banker in cash but in shares. He is currently earning billions from those shares When Okomu Oil was established Gbenga Oyebode did not collect his professional fee in cash, but converted it to share before the end of the month the company will pay him a dividend of N63 million. 5 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:37am On May 07, 2020 |
NL1960: Their license was withdrawn by SEC about 6 years ago 5 Likes |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 11:37am On May 07, 2020 |
ahiboilandgas:What if she is a freelancer? You mean she should continue freelancing and saving the money? 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 11:45am On May 07, 2020 |
emmanuelewumi: What of those that were using them for buying and selling of stocks?. I once knew that to transfer shares to another stockbroking house, the current stockbroking house has to sign. Do not know if this is still the process. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:48am On May 07, 2020 |
NL1960: How is that possible? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:51am On May 07, 2020 |
OgogoroFreak: Yes, a lot of people are freelancing and investing until it gets to a level when the income the Investments bring is higher than what the hustle generates 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:53am On May 07, 2020 |
emmanuelewumi:why didnt he use the 800 million units of uba share to pay up the 5 bn naira BGL investments frauds?.....there are thousands of investor with small some that can do litigation...so their investment is lost forever 3 Likes |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 11:56am On May 07, 2020 |
emmanuelewumi:My point is that, telling people looking for how to invest their money to continue doing what they are doing like investing the money is going to stop them from doing what generates the money is somehow cos some offer services and get paid. Investing their money doesn't affect what generate the money in the first place. 9 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:58am On May 07, 2020 |
The arraignment of Stephen Akinretoye, Peter Ololo and Falcon Securities Limited, charged with N43.9bn fraud, was further stalled 2 Likes |
Re: Treasury Bills In Nigeria by missjekyll: 12:13pm On May 07, 2020 |
9jatriot:Probably because up to now, women have had no money to speak of. Women do make sure their children are provided for. Even the man's wealth she is "plotting" for will be used for the children. What's terrible in that? 3 Likes |
Re: Treasury Bills In Nigeria by NL1960: 12:15pm On May 07, 2020 |
emmanuelewumi: myself and my wife had our accounts there. We have not bought stocks for many years now. She is thinking of resuming buying of shares. That is why iam asking. 1 Like |
Re: Treasury Bills In Nigeria by cucumbar: 12:21pm On May 07, 2020 |
needful:can my wife be the primary applicant? As I am above 40 and don’t have a masters degree yet, which will make my crs score low. 1 Like |
Re: Treasury Bills In Nigeria by 1kinggy(m): 1:18pm On May 07, 2020 |
OgogoroFreak: Sell and enjoy your money. |
Re: Treasury Bills In Nigeria by Pascopele: 1:18pm On May 07, 2020 |
why? ahiboilandgas: |
Re: Treasury Bills In Nigeria by 1kinggy(m): 1:21pm On May 07, 2020 |
OgogoroFreak: Time to start moving to a stable coin. You can hedge in USDT or BUSD if you use Binance. |
Re: Treasury Bills In Nigeria by missjekyll: 1:24pm On May 07, 2020 |
cucumbar: I dont see why not. I do not like spousal visas because they are usually longer pathways but if it offers your best chance,take it. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:35pm On May 07, 2020 |
NL1960: Go to CSCS, get your statement of stockholdings and do an inter broker transfer because you can't trade through BGL again 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:40pm On May 07, 2020 |
ahiboilandgas: BGL has other investments, they have balances running into billion of Naira and millions of dollars. They have made restitutions ie they have paid back and paid fines, if not the business would have declared bankruptcy |
Re: Treasury Bills In Nigeria by Bbbwings: 1:49pm On May 07, 2020 |
Theconglomerate:Why is dangote is moving his funds to America. |
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