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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4596279 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 MrMcJay(m): 12:22pm On Jun 22, 2020 |
ojesymsym: We are all learning sir. As I learn freely, I contribute freely too. 4 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 12:24pm On Jun 22, 2020 |
Ibeju Lekki is a bubble that will burst in 15 to 20 years time. I have looked at the maths and it does not add up. Lagos is a small state and Ibeju is just a portion of it. That means it would take at most 18 months to sell all the land in those places if we are judging by the amount of marketing put in place. But because none of those lands are allocated, and people cannot build on them immediately, so none of the buyers can walk into the place and point to their lands. So, the companies can sell one plot to 100s of people and no one will be the wiser. Problems upon problems will arise when it is time to start building in about 10 years time, by then the proponents of the estate companies would have escaped. I pity their present day marketers, they are the ones that the buyers will use to shine since they are the link between them and the so called estate companies. MrMcJay: 13 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:25pm On Jun 22, 2020 |
MrMcJay: Did they pay back the investors? 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 12:26pm On Jun 22, 2020 |
I did not see this before I made my earlier comment. I knew something was not adding up. That place is too small to be selling for more than 8 years now. MrMcJay: 2 Likes |
Re: Treasury Bills In Nigeria by MrMcJay(m): 12:27pm On Jun 22, 2020 |
emmanuelewumi: Most are buying lands but ask them to identify the plots, they can't. Even if you go to Court, how do you identify what you are claiming? The second issue is the validity of documents those companies are holding. Excision in progress is rubbish. That is not suitable title. Gazette, Excision, Governor's Consent and CofOs are the proper thing. In Lagos, you don't own land until you build on it. 20 Likes 2 Shares |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:27pm On Jun 22, 2020 |
ojesymsym:each land get becon buried in ground in 4 point with becon number imprints ...u can take a surveyor pay him to identify the land .....na ....hmm .... |
Re: Treasury Bills In Nigeria by MrMcJay(m): 12:28pm On Jun 22, 2020 |
emmanuelewumi: They didn't pay back. Many Nairalanders fell victim. There are stories in the property section. 5 Likes |
Re: Treasury Bills In Nigeria by Nezzjnr: 12:29pm On Jun 22, 2020 |
MrMcJay:I guess it's hard in finding a genuine company Now I see why that Mowe Ofada axis is a major vast Farmland |
Re: Treasury Bills In Nigeria by ojesymsym: 12:30pm On Jun 22, 2020 |
Okay, it seems he did not really do all his due diligence then. At least reading all your comments now, he and the rest of us non go fall victim again. Abuja really seem to be organized. ahiboilandgas: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:32pm On Jun 22, 2020 |
MrMcJay: Too bad. I almost bought 2 plots for 700k along that axis in 2007. Did not buy because I love seeing what I am buying or the cash flow from my investments and not the expected capital appreciation Government should safe guard investments in the real estate sector. 9 Likes |
Re: Treasury Bills In Nigeria by MrMcJay(m): 12:34pm On Jun 22, 2020 |
Nezzjnr: Some of the companies selling are genuine but because they lack real estate experience, their ignorance proves expensive. But for most, they just want to "cash out" and move on to the next victims. As terrible as Omoniles are, I prefer buying from them cos I know their tricks and how to handle them. 11 Likes |
Re: Treasury Bills In Nigeria by MrMcJay(m): 12:36pm On Jun 22, 2020 |
emmanuelewumi: You were really fortunate. What hinders the bolded is corruption and vested interests. It's really entrenched in the system. 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:38pm On Jun 22, 2020 |
ojesymsym:my mum was allocated land in kukaicho 3 kuje Abuja by area council year 1997 ,in 2014 i took the bold step drove 700km to kuje lga land departments ,paid surveyor 10k we went to the busy area under 2 hours land was identified with it becons buried in the ground ....didnt want to hold futher put up for sale and was sold after 3 months...... 4 Likes |
Re: Treasury Bills In Nigeria by Nezzjnr: 12:40pm On Jun 22, 2020 |
MrMcJay:Omoniles aren't to be trusted also It takes one to be a genius in pulling the issue of lands out |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:42pm On Jun 22, 2020 |
Lagos and enviros i can only buy a house as in a standing one ....Abuja and other normal places i can buy land... 6 Likes |
Re: Treasury Bills In Nigeria by NL1960: 12:45pm On Jun 22, 2020 |
MrMcJay: They will market land to low income people for just 250k. Once the person manages to pay, they will start asking for one charge or the other which the person continues running from pillar to post to pay. At the end the person becomes frustrated and demands for a refund and then another wahala cycle starts. 12 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:45pm On Jun 22, 2020 |
MrMcJay: My advice is that when you buy from Omo onile, make sure you have the funds to develop the property and take physical possession. It is not an investment you leave for 5 years. My late Uncle was the former Surveyor general of Lagos with just 2 houses in Lagos and plots of undeveloped landed properties all over Lagos. You know most cases Omo onile pay lawyers and surveyors by barter, ie using land for payments. I told my uncle to sell those lands then and use the proceeds to buy or build more houses. But he was more interested in capital appreciation of the the plots and hectares of land. Ten years after his death, his 2 sons are yet to take possession of any of his numerous plots of land. The land have been sold by the Omo onile and his numerous business partners 8 Likes |
Re: Treasury Bills In Nigeria by MrMcJay(m): 12:52pm On Jun 22, 2020 |
emmanuelewumi: It is a taboo to buy land from Omoniles and not fence it with gate. There is no point buying land from Omoniles if you won't develop it. Omoniles sell undeveloped lands for multiple times profit and tell the previous buyers to come collect the amount they used to buy it. One of the reasons I prefer to buy from Omoniles is that you can take possession immediately and develop. Lots of Real Estate Companies can't do that. 15 Likes 1 Share |
Re: Treasury Bills In Nigeria by MrMcJay(m): 12:55pm On Jun 22, 2020 |
Nezzjnr: They are not trustworthy and that is why you must take possession IMMEDIATELY after buying. In fact, insist on paying 60% and fencing and once fencing is completed without hiccups, you balance up the outstanding 40%. 21 Likes 3 Shares |
Re: Treasury Bills In Nigeria by arduino: 12:56pm On Jun 22, 2020 |
ahiboilandgas:Forget "sabiness" for Abuja land now. I did land search and it came out clean. Got to understand these land racketeers are agents of some big officials of AMAC and AGIES. Anyways, any land investment for me now will be either Nassarawa, Plateau, or Niger State. My eyes don clear. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:57pm On Jun 22, 2020 |
Lagos State and Onikoyi family could have asked the investors who bought Federal Secretariat Lagos to allocate maybe 10% share of the ownership of the project to them at completion. The property is massive and can house over 1000 families. At completion the investment should be worth N40 billion or generating rental income of about N3 billion. It saddens me each time I go through that axis and se how the property is lying fallow and delapidating 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:58pm On Jun 22, 2020 |
arduino:i would not ...your search done wrongly ...where is your search reports , who signed it ? U can take legal actions |
Re: Treasury Bills In Nigeria by Cation(m): 1:01pm On Jun 22, 2020 |
ahiboilandgas:I beg oga I get one for sale in that same kuchiako 3 too.....I need buyers o! |
Re: Treasury Bills In Nigeria by NL1960: 1:09pm On Jun 22, 2020 |
emmanuelewumi: How come the FG that sold it to the investors is not helping the same investors to take ownership?. 2 Likes |
Re: Treasury Bills In Nigeria by Nezzjnr: 1:09pm On Jun 22, 2020 |
MrMcJay:Thanks boss Please when I'm ready to get anyone... Can I contact you 1 Like |
Re: Treasury Bills In Nigeria by Leezah(f): 1:10pm On Jun 22, 2020 |
emmanuelewumi:with small business it very difficult. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:12pm On Jun 22, 2020 |
Cation:how much ?have u visited the place ..how near to union homes... |
Re: Treasury Bills In Nigeria by shogbenga: 1:13pm On Jun 22, 2020 |
arduino: if your search came out clean, AGIS would issue you an official letter (search report) indicating that you conducted a search and that AGIS certify the allocation letter to be genuine. With the report you can sue AGIS if you discover the allocation letter to be fake later 3 Likes |
Re: Treasury Bills In Nigeria by shogbenga: 1:14pm On Jun 22, 2020 |
i hope you personally conducted the Search.....and not through a third party 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:14pm On Jun 22, 2020 |
NL1960: UAC Property Development and Union Homes had similar problem when they bought 1004 estate from FG. The issue with Federal Secretariat is that the godfather was interested in the property, but it was Babalakin SAN and his group bid that succeeded Babalakin is PDP, LASG is APC. I think both Federal and States government should be able to issue certificate of occupancy and building approvals. 3 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 1:17pm On Jun 22, 2020 |
Oga just to be clear, is it that the land in question was not the same as the one in the paper you did a search on, or that the land was the same but still the agencies gave you a false pass? arduino: 1 Like |
Re: Treasury Bills In Nigeria by arduino: 1:21pm On Jun 22, 2020 |
ojesymsym:I have other genuine plots of land in Abuja. This particular one did me viammmm for eye. 1 Like |
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