Leezah:
why you rejecting tenants.

Because of their troubles

emmanuelewumi:



Google Gbenga Oyebode, he is a commercial/corporate lawyer and also a billionaire in naira. He built his wealth by investing his money in the last 35 years. He render his professional service to corporations like Nestle, Custodian and Allied Insurance, Okomu Oil, Access Bank, Coscharis group, Oando just to mention a few.

He has 100 million shares of MTN earning dividends of over N700 million

Over 60 million shares of Access Bank earning dividends of over N22 million

Over 35 million shares of Okomu Oil and Rubber. Earning dividend of N140 million, N70 million was paid early this year another was few weeks ago.

Smart people will prefer to own 1% of successful businesses, rather than owning 100% of a struggling business.

He made over N140 million from Okomu, an Agricultural company. He doesn't have to reinvent the wheel by starting all over trying to own his own farm.


There are many successful professionals like doctors, Architects, Media professionals, Accountants, Corporate executives, Engineers, Estate surveyors etc who are more comfortable consistently investing their money rather than starting a business.

Mmmmmm

Am learning very fast

Thank you Sir.

ukay2:



I noticed that VP is a very sound Investor.

after becoming commissioner and attorney General of Lagos...it easy ...send some lucrative jobs to your chambers,then wire same to some blue chip companies and life to enjoy the wealth.....imagine earning 5 percent legal fees for the 500 million dollar blue line metro projects ....then 10 bn dollars eko Atlantic projects......

ukay2:



Mmmmmm

Am learning very fast

Thank you Sir.

why am not very impress by this guys is that he is an inlaw to a past Nigeria military president ....imagine earning 2 percents of abacha loot as legal fees ....some well connected Lawyers earn over 50m dollars from the 1bn dollars malabu oil deals

Theconglomerate:
Go to Thailand,India and China and take a look at their numbers.
You will know Nigeria's numbers on rice are a joke to be able to compete with imports in a free market.
Who told you that local rice is taking over and at what cost?Smuggled rice from cotonou is still raping local rice in the markets back to back so what are you talking about?
Do you know the pain Nigeria exporters are going through now because of closed borders just so we can grow rice and the amount of forex we are losing because of that?
Will you start raising tariff on each and every import one after the other?
Do you know that after the US and UK,the next in line for diaspora remittance is Cameroon?
Do you think our people are doing labour there to be able to repatriate all that fx to Nigeria?
Don't you know it's Nigeria export to Central Africa that's bringing in all that?
Why jeorpadize this because we want to grow rice when we can just devalue the naira,leave our borders open to more export trade as a result of the scramble for cheap naira and nigeria goods and frustrate smugglers bringing in product to Nigeria.
Why?

I think everyone agrees that increasing productivity is key , so there's no need to stress that.
The counter argument is that devaluation will not solve the problems.
You haven't sufficiently explained how devaluation will catalyse growth, except for saying imports will be more expensive thereby encouraging more local consumption, which in my view is too simplistic.
Did you think about the debt burden devaluation will cause for Nigeria and the diminished purchasing power of an already poverty stricken country?
Which demographics are you hoping will buy this equally expensive locally made products with lower quality?
Take a look at Brazil as a case study on what devaluation did to their economy.
The problem with Nigeria is wastefulness and until real economic policies are set to correct this, nothing will change.

We can't devalue now because it will be nightmare. CBN can propose currency adjustment like what they're doing now. To peg the exchange rate of the Naira at 380 to the dollar.

We should identify the policies and institutions which can help accelerate Nigeria’s economic expansion and create new job opportunities. Also outlined are four priority areas that would lay the foundation for Nigeria’s transition to a new economic model that more effectively uses its large, young population and abundant natural resources to support sustainable growth and poverty reduction:

Ensure policy transparency and predictability, which will be critical to reduce investment risk and promote growth outside the extractive industry

Enhance factor quality by investing in infrastructure, strengthening land tenure security, improving educational outcomes, liberalizing the trade regime and enhancing trade and transport facilitation to help develop value chains and facilitate the efficient reallocation of factors of production, making Nigeria more cost-competitive

Reduce regulatory discretion to help attract foreign and domestic investment to the non-oil sector, encourage competition, and promote formalization

Improve access to finance, which could enable new firms to compete with incumbents and allow more productive firms to scale up their operations


Building momentum for reforms, which are essential to mitigate risks and promote faster, more inclusive and sustainable growth that improves living standards and reduces poverty.

Select reform areas include: Leverage trade integration to harness the benefits of the Africa Continental Free Trade Area
Improve basic education financing to improve human capital outcomes
Monitor the impact of conflict on the welfare of households to protect poor and vulnerable people
Leverage digital technologies to diversify the economy and create jobs for young workers.
With reforms in these and other areas, Nigeria would be able to strengthen its macroeconomic resilience, promote private sector development, and improve the efficiency of public service delivery.

Theconglomerate:
We don't have their kind of capacity and infrastructure to compete with them face off,that's why we are devaluing so we can sell our produce to our own people,not necessarily export and compete with the west in international markets.
Abi do you have $10B to use to open world class factory like Dangote?
Nigeria is a poor country where almost everyone is poor,so if we make imports expensive,that's the end of it.
Quality don't matter out here.
Jameson whiskey is overtaking the Nigeria market now because of cheap price.
Are you telling me Jameson has more quality than black label,Chivas regal,etc..?
Why are consumers switching to jameson then?
More Quality I guess

emmanuelewumi:



What type of challenge?

What I mean is that I am encouraged by the information you provided.... thanks

Among the Nigerian share holders of mtn are person with wealth coming from closeness to the Nigeria state ( presidency) i dont consider this group as classical investors that real investors could learn from .....look at the names ..Ahmed Aliyu (dasuki )...Col Abubakar bello (rtd) oyebode .....this person are the favoured by military Presidents (ibb)while the smart lawyer is murtala inlaw compensated by obj....

ahiboilandgas:
after becoming commissioner and attorney General of Lagos...it easy ...send some lucrative jobs to your chambers,then wire same to some blue chip companies and life to enjoy the wealth.....imagine earning 5 percent legal fees for the 500 million dollar blue line metro projects ....then 10 bn dollars eko Atlantic projects......

Cool wealth

Many had the opportunity, but lavished the funds and went back to penury

Nwokeomajayb:
We can't devalue now because it will be nightmare. CBN can propose currency adjustment like what they're doing now. To peg the exchange rate of the Naira at 380 to the dollar.

We should identify the policies and institutions which can help accelerate Nigeria’s economic expansion and create new job opportunities. Also outlined are four priority areas that would lay the foundation for Nigeria’s transition to a new economic model that more effectively uses its large, young population and abundant natural resources to support sustainable growth and poverty reduction:

Ensure policy transparency and predictability, which will be critical to reduce investment risk and promote growth outside the extractive industry

Enhance factor quality by investing in infrastructure, strengthening land tenure security, improving educational outcomes, liberalizing the trade regime and enhancing trade and transport facilitation to help develop value chains and facilitate the efficient reallocation of factors of production, making Nigeria more cost-competitive

Reduce regulatory discretion to help attract foreign and domestic investment to the non-oil sector, encourage competition, and promote formalization

Improve access to finance, which could enable new firms to compete with incumbents and allow more productive firms to scale up their operations


Building momentum for reforms, which are essential to mitigate risks and promote faster, more inclusive and sustainable growth that improves living standards and reduces poverty.

Select reform areas include: Leverage trade integration to harness the benefits of the Africa Continental Free Trade Area
Improve basic education financing to improve human capital outcomes
Monitor the impact of conflict on the welfare of households to protect poor and vulnerable people
Leverage digital technologies to diversify the economy and create jobs for young workers.
With reforms in these and other areas, Nigeria would be able to strengthen its macroeconomic resilience, promote private sector development, and improve the efficiency of public service delivery.

Now this is someone with good education. Not bambiala education

ukay2:


Because of their troubles

I have a tenant that is owing 5 months rent right now. His rent was due end of January. It's stories every day. Very frustrating. He said he is a Pastor

shogbenga:


I have a tenant that is owing 5 months rent right now. His rent was due end of January. It's stories every day. Very frustrating. He said he is a Pastor

Wait for church to resume and tithing resurrected then your rent will come at ease.

ukay2:


Cool wealth

Many had the opportunity, but lavished the funds and went back to penury

there are some political position you hold in Nigeria that u cant go back to penury not in your generation....may your grand kids...

Barrytone:


Wait for church to resume and tithing resurrected then your rent will come at ease.

emmanuelewumi:


The allotment schedule will explain that, it will be published in the dailies and released on DMO websites. At over 420% oversubscription it will be difficult for Investors who invested N10 million to have full allotment. The allotment will be prorated for such Investors

I read on the DMO website that the whole subscription is about 446% amounting to about N669.124 billion instead of the N150 billion they intended. They decided to allot N162.557 billion to investors instead. That is a little above what they offered. However, there was no details on how it was alloted. I have people that invested directly through FBNQUEST and through Morgan Capital which was also through FBNQUEST but have not gotten any mail indicating a successful investment/terms and conditions. The only mail gotten so far was to acknowledge the investment when they got the funds/evidence.

Over 600 bn naira chasing fixed income at 11.3 ......new secured investments windows need to spring up .....this not a good sign

any other person having difficulties accessing AFRINVEST site, are banks still selling secondary market tbills. any known rate.

shogbenga:


I have a tenant that is owing 5 months rent right now. His rent was due end of January. It's stories every day. Very frustrating. He said he is a Pastor

Hahahahaha

Just bear with him a little please

Barrytone:


Wait for church to resume and tithing resurrected then your rent will come at ease.

Loooooool


I had a Tennant that said he will not pay his house rent until he get allowance from his office. ....that he has budgeted his normal monthly salary.

Just one move by my lawyer, he paid the rent the next month.

Some Tennants are very funny.

Deleted

ahiboilandgas:
Over 600 bn naira chasing fixed income at 11.3 ......new secured investments windows need to spring up .....this not a good sign

Too much liquidity in the system

Oga Ahinbingas, secure a 5 billion cooperate bond for your company na.....like 10% 5 year corporate bond.

It will be oversubscribed too....just make sure you will pay the coupons and capital at maturity

shogbenga:


I have a tenant that is owing 5 months rent right now. His rent was due end of January. It's stories every day. Very frustrating. He said he is a Pastor

Make una dey use hard hand dey handle these tenants na. Do credit check on them. Get their work to sign papers that their job is permanent. Don't rent out to them if they do not have a 110% reliable job. Know how much they make. If possible, let their employer be their guarantor that they will never default on rent. DON'T JUST FILL UP YOUR HOUSE WITH JUST ANY TOM DICK HARRY FROM THE STREET. I think that's how I would play the game if I was renting out houses.

Nnamz:

Make una dey use hard hand dey handle these tenants now. Do credit check on them. Get their work to sign papers that their job is permanent. Don't rent out to them if they do not have a 110% reliable job. Know how much they make. If possible, let their employer be their guarantor that they will never default in rent. DON'T JUST FULL UP YOUR HOUSE WITH JUST ANY TOM DICK HARRY FROM THE STREET. I think that's how I would play the game if I was renting out houses.

I don't know if this is an option but get their bank's last 3 months statement of account and make sure they have steady inflow of cash there. If they do, assuming this is an option, let them sign strong water proof court document that should they default on rent by even one second, their wages would be garnished to pay you the debt they owe.

Nnamz:

Make una dey use hard hand dey handle these tenants na. Do credit check on them. Get their work to sign papers that their job is permanent. Don't rent out to them if they do not have a 110% reliable job. Know how much they make. If possible, let their employer be their guarantor that they will never default on rent. DON'T JUST FILL UP YOUR HOUSE WITH JUST ANY TOM DICK HARRY FROM THE STREET. I think that's how I would play the game if I was renting out houses.

Sir, these contributions may not be easy in Nigeria

Nnamz:

Make una dey use hard hand dey handle these tenants na. Do credit check on them. Get their work to sign papers that their job is permanent. Don't rent out to them if they do not have a 110% reliable job. Know how much they make. If possible, let their employer be their guarantor that they will never default on rent. DON'T JUST FILL UP YOUR HOUSE WITH JUST ANY TOM DICK HARRY FROM THE STREET. I think that's how I would play the game if I was renting out houses.

Some landlords or agents are very greedy. They put up a property at a high unreasonable amount which only attracts some shady charactters who will pay the high amount and after entry, paying subsequent rent becomes a fight.

ukay2:


Sir, these contributions may not be easy in Nigeria

Wont work in nija

Nnamz:

I don't know if this is an option but [b]get their bank's last 3 months statement of account [/b]and make sure they have steady inflow of cash there. If they do, assuming this is an option, let them sign strong water proof court document that should they default on rent by even one second, their wages would be garnished to pay you the debt they owe.

Impossible

No tenant will release that

Self study and ace your examinations with the right study packs, like I did.

Prepare for your ACCA and ICAN (ATS & Professional) examinations with the ICAN new study packs for all levels and get all necessary past questions and answers for a token.

Click on the whatsapp link below to get them https:///2347084890881

Could you explain how this VGIF works?

emmasoft:

Now that we know sukuk bond was heavily oversubscribed, I will advice investors look the way of VGIF. As you get your excess cash or return money, channel it to VGIF it's still reasonable at this time with Gurranteed rate of 8.5% and extra 35% of funds gains, it will be a good investment choice.
Call 08181057319 or click link on my signature to open account.

ojesymsym:
Could you explain how this VGIF works?

VGIF- Vantage Guaranteed Income Fund, is a mutual fund in the fixed income category. VGIF guaranteed interest rate (8.5%) is benchmark with SDF- standard deposit facility (rate CBN give to banks for their deposit), hence it changes only when CBN review it upward or downward.

Initial minimum deposit for VGIF is 50k and minimum holding period six months. Interest is earned daily but paid twice in a year. Interest can be paid out or reinvested whatever the investor prefers and mandate can be changed if need arises. Principal can be top up at any interval with any amount convenient with the investor.
Apart from the guaranteed rate there is extra rate that can be earned from the excess gains of the fund.
Investors can operate their account online and monitor their investment on the go.

VGIF is managed by Investment One (Former GTBank Asset Management).
To open account, click on the link on my signature and complete the form online with the following document (kyc) uploaded - passport, acceptable ID Card (any of int'l passport, national ID Card, NIN slip, permanent voters card, or drivers license) and your signature. On completion of the form online, your account details is sent to your email within 48hrs or less especially when there is no kyc issues. You can as well contact me with the number on provided on my earlier post or on my signature.

N.B: Investment One will never ask for cash to open VGIF or any of the products account.

And one can keep adding or topping up as you will right? What I mean is, assuming I start with 50k in month 1, then in month 2, up to month 6 I can keep adding say 50k as I wish?
When you say 6 months holding period, which does it affect, is it for each deposit? Which implies, I can only take out the first 50k at exactly the sixth month and the others in the same order in which they were invested?

emmasoft:


VGIF- Vantage Guaranteed Income Fund, is a mutual fund in the fixed income category. VGIF guaranteed interest rate (8.5%) is benchmark with SDF- standard deposit facility (rate CBN give to banks for their deposit), hence it changes only when CBN review it upward or downward.

Initial minimum deposit for VGIF is 50k and minimum holding period six months. Interest is earned daily but paid twice in a year. Interest can be paid out or reinvested whatever the investor prefers and mandate can be changed if need arises. Principal can be top up at any interval with any amount convenient with the investor.
Apart from the guaranteed rate there is extra rate that can be earned from the excess gains of the fund.
Investors can operate their account online and monitor their investment on the go.

VGIF is managed by Investment One (Former GTBank Asset Management).
To open account, click on the link on my signature and complete the form online with the following document (kyc) uploaded - passport, acceptable ID Card (any of int'l passport, national ID Card, NIN slip, permanent voters card, or drivers license) and your signature. On completion of the form online, your account details is sent to your email within 48hrs or less especially when there is no kyc issues. You can as well contact me with the number on provided on my earlier post or on my signature.

ojesymsym:
And one can keep adding or topping up as you will right? What I mean is, assuming I start with 50k in month 1, then in month 2, up to month 6 I can keep adding say 50k as I wish?
When you say 6 months holding period, which does it affect, is it for each deposit? Which implies, I can only take out the first 50k at exactly the sixth month and the others in the same order in which they were invested?

Yes you can keep topping up with any amount at any interval. it's like savings account. There is no regulation on amount or interval of deposit after the initial 50k.

Holding period affects any fresh deposit. However, if any investor wishes to withdraw within the 6 months you only lose 10% of the accrued interest of what you are withdrawing ie if you deposit 100k and you decide to withdraw 20k under 6 months you only lose 10% of the accrued interest on the 20k not the 100k, there is no circumstance where investors will have their principal reduced.