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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4596496 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 abraolas1: 11:01am On Jun 22, 2020 |
emmanuelewumi: the Hidden Charges makes me to run away from Ibeju Lekki area ......for some they put it on their website e.g Andron Homes ....majority of them dont ...until i take a deep look and i later realise that the hidden charges is more than the amount u pay for the land which the buyer will not be inform as at the point of buying ...... And i also fear the Buy 5 and get 1 free plot of land hen.....cos this is Nigeria 9 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:06am On Jun 22, 2020 |
abraolas1: When investments are protected by state governments, big time Investors who are capable of investing billions of dollars will come in The land use act needs to be reviewed and made investment friendly for all stakeholders 1 Like 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:12am On Jun 22, 2020 |
arduino:how Amac cannot verify a genuine land paper with all the reform brought in by el rufai and ageis ...is like tell me cbn can verify a genuine naira from a forge or fake 1 ......land c/o has duplicate copy ware housed in land registry ....lawyers /banks tends to verify before buying or used as collateral.....if Amac/Agis/fcda cannot verify the authenticity of a lanf documents then 419 people will use same to collect billions 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:15am On Jun 22, 2020 |
The problem with the current LASG scheme is greed on the part of the politicians and civil servants. You will pay N1 million for a land scheme that will be ready for allocation in 2 years time. When the land is finally ready in 5 years time and now worth N3 million, and they will expect the investors to pay additional N2 million for the investment Who does that ![]() 5 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:17am On Jun 22, 2020 |
emmanuelewumi:strange , after issuing c/o ? ....south west and land issues ... |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:19am On Jun 22, 2020 |
ahiboilandgas: Forget it. Omo onile give returns to civil servants and politicians. 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:20am On Jun 22, 2020 |
PresidentBuhari:whic bond is that currently 50m for 8m (16 percents)? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:21am On Jun 22, 2020 |
emmanuelewumi:it now land racketeering.... |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:28am On Jun 22, 2020 |
ahiboilandgas: And it is very profitable for them, but affecting returns on investment Like the guy who bought a property for N58 million in 2015, but struggling to get buyers for the property at N65 million in 2020 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:33am On Jun 22, 2020 |
In Lagos you are expected to pay a levy to LASG and Omo onile before you can renovate your property. If you buy a property from a seller, you still need to pay fees to Omo onile before you can take possession of the property 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:35am On Jun 22, 2020 |
About 10 years ago you pay between 500k to N1 million to Omo onile as fees for each decking of a multi storey building in Mushin 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 11:51am On Jun 22, 2020 |
Such a terrible behaviour. Before you know it news agencies will start calling him for his opinion, because the initial ideas are not his, he will start fumbling. IyawoToBe: 5 Likes |
Re: Treasury Bills In Nigeria by shogbenga: 11:56am On Jun 22, 2020 |
arduino: The situation is better in Abuja. The most important thing is that don't buy land allocated by Area council's, instead buy the ones allocated by FCDA Secondly do a legal search on the allocation paper before paying the seller. Go to any Zenith bank, pay 10k for search and take the teller to AGIS with an application for Search. At AGIS, present the allocation paper for search. There and then you will be told if the paper is genuine or not. You will be given an official letter to that effect. It takes just about 2 days. If you follow this procedure, you can't be scammed. Except you are buying from estate developers most of which don't have approval for the estate they are marketing especially those along Airport road 22 Likes 6 Shares |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:57am On Jun 22, 2020 |
emmanuelewumi:no wonder Lagos is rated among world worst city ....and houses many slums probably the largest homeless and semi homless people .....investors dont want unnecessary hurdles..with poor returns.....come to ivory coast and see rents income ...those 3.5m duplex in lekki go fetch 2500 dollars monthly steady for abijan......ibo guys /labanese are making good money...one small 1 bedroom apartment go bring 200 dollars per months steady 6 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:00pm On Jun 22, 2020 |
shogbenga:see person where sabi way ...unless u want to be scammed....u can buy 100 of plots in Abuja peacefully....... 4 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 12:08pm On Jun 22, 2020 |
From that guy's explanation, he had copy of papers for an original land, just that the papers were not for the land he was going to pay for. So in that case, if you do a search, the agencies will rightly say it is genuine but how does the buyer know it is not for the so called land he wants to pay for? ahiboilandgas: 3 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 12:09pm On Jun 22, 2020 |
Can you imagine, you cannot go to China and start crashing prices anyhow, this is one of the few advantages of union, to protect local traders, other times they are a nuisance. Ibrahim505: 3 Likes |
Re: Treasury Bills In Nigeria by abraolas1: 12:10pm On Jun 22, 2020 |
ojesymsym: might call him out on twitter..... I believe he is reading this...... it's high time u desist from that... at least add your source and acknowledge him that's not too much. if u want to lift things.....very irresponsible. 11 Likes 1 Share |
Re: Treasury Bills In Nigeria by MrMcJay(m): 12:10pm On Jun 22, 2020 |
ojesymsym: Get a HONEST registered Surveyor to pick up the physical coordinates of the land and chart it to be sure it is the same with the one on the papers. It would tell you if there are discrepancies or not. 11 Likes 2 Shares |
Re: Treasury Bills In Nigeria by MrMcJay(m): 12:11pm On Jun 22, 2020 |
Nezzjnr: How many of those who bought land from real estate companies in Ibeju-Lekki have built on those lands? 4 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:12pm On Jun 22, 2020 |
shogbenga: How I wish it will be this simple in Lagos and Ogun States 1 Like |
Re: Treasury Bills In Nigeria by MrMcJay(m): 12:15pm On Jun 22, 2020 |
shogbenga: Due to vested interests, they couldn't do the right and sensible thing. Corruption everywhere. 2 Likes 2 Shares |
Re: Treasury Bills In Nigeria by shogbenga: 12:17pm On Jun 22, 2020 |
emmanuelewumi: Very simple sir. You don't even need a lawyer. |
Re: Treasury Bills In Nigeria by MrMcJay(m): 12:18pm On Jun 22, 2020 |
NL1960: Present Head of Service is a former Secretary of the Land Use Allocation Ctte as well as PS Lands. Late Sen. Sikiru Oshinowo (Pepperito) was former House Ctte Chairman on Lands. Sen. Gbenga Ashafa was a former PS Lands. He was popularly called "King of Boys". 7 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:19pm On Jun 22, 2020 |
MrMcJay: Mainly for speculation by both the real estate companies and the buyers of the land The real estate companies don't have the financial muscles to develop the land, everybody is doing the same thing. Trying to buy at N2 million and sell at N5 million in 5 years time 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by ojesymsym: 12:19pm On Jun 22, 2020 |
Oh okay, true, I should have thought of that. We are firmly loyal sir to your expertise. MrMcJay: |
Re: Treasury Bills In Nigeria by Nezzjnr: 12:19pm On Jun 22, 2020 |
MrMcJay: ![]() ![]() I thought it's a long term investment plan |
Re: Treasury Bills In Nigeria by DexterousOne(m): 12:20pm On Jun 22, 2020 |
Nigeria my country ![]() 1 Like |
Re: Treasury Bills In Nigeria by MrMcJay(m): 12:20pm On Jun 22, 2020 |
abraolas1: Land 250k, Extra charges 1.5M Many real estate companies know you won't finish paying. They in fact are hoping buyer's won't finish paying so 3 people can pay for the same plot. A certain Exec in a real estate company told me in confidence that their company paid Omoniles for about 10 Acres and sold more than 400 plots. 6 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:21pm On Jun 22, 2020 |
NL1960: LASG is Omo onile, Omo onile is LASG. Investors are concerned with safety of Investments and sanctity of contracts or agreements 1 Like |
Re: Treasury Bills In Nigeria by MrMcJay(m): 12:21pm On Jun 22, 2020 |
Nezzjnr: That is exactly what they told those who bought bushes inside Mowe Ofada 10 years ago. When the Ogun State government got tired of the problems caused by the real estate companies, they acquired all the lands back. 5 Likes |
Re: Treasury Bills In Nigeria by shogbenga: 12:22pm On Jun 22, 2020 |
ojesymsym:Once you are approached by a seller, get a surveyor that will identify the land for you to be sure you like the location and confirm size. Details of the land are on the allocation letter. The next is to confirm the allocation letter (R of O ) is genuine which you do at AGIS. 2 Likes 1 Share |
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