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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4615706 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 just2endowed: 7:29am On Sep 12, 2020 |
emmanuelewumi: He took pictures with the founder of MBA forex. I guess he is trying to dissociate himself from the fellow. https://www.youtube.com/watch?v=L44WTDwo5a4&t=5s 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 7:38am On Sep 12, 2020 |
just2endowed:I always told people this thing was a ponzi scheme,they say no na forex. My ex tried to force me into this scheme to the point we broke up ![]() No real business that you don't run personally can pay you 180% PA ,unless its drugs or arms dealing. Go and commot your money before it's too late. 7 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:10am On Sep 12, 2020 |
just2endowed: Thanks for the video. You don't need to mention names, but it is obvious that the end of the scheme is nearer than expected. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:17am On Sep 12, 2020 |
TransAtlanticEx: It is almost too late ooo. |
Re: Treasury Bills In Nigeria by Enyinne(f): 8:17am On Sep 12, 2020 |
Did i borrow from u or ur bankers ?why is my affairs ur business? Pls dont mention my name in such quote again. I'm old enough to run my life and my finances TransAtlanticEx: |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:34am On Sep 12, 2020 |
Enyinne:You will be fine,though times bring down even the best of us ![]() |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:38am On Sep 12, 2020 |
emmanuelewumi:why do you say so? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:47am On Sep 12, 2020 |
TransAtlanticEx: The signs are there, rigourous marketing of scheme, elongation of the duration from 6 months to 12 months. This video will go viral, the Pastor has a lot of followers and his followers are Investors in some of these schemes. A ponzi scheme needs new Investors and rollover of dividends to sustain their temporary existence, with this video it will become difficult to get new Investors or rollover of dividends. Everybody will want to cash out at the same time and that will be the end 7 Likes 1 Share |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:49am On Sep 12, 2020 |
emmanuelewumi:True. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:58am On Sep 12, 2020 |
Have you observed that your bank will never advertise fixed deposit or Treasury Bills (during the days of 18%) to their customers. You will have to meet them and make enquiries about such opportunities. Even after making your enquiries they will try to discourage you Most of the money making opportunities and Investments are top secrets, when money making opportunities are marketed to people we should know we need to be careful 40 Likes 3 Shares |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 9:02am On Sep 12, 2020 |
emmanuelewumi:You are very smart. No human being on earth broadcasts a genuine money spinning opportunity. They usually stay quiet,until it cast before they start telling you stories about it. Even yahoo boys no dey give "update" anyhow. Be guided. 19 Likes 1 Share |
Re: Treasury Bills In Nigeria by Comeandcollect: 9:17am On Sep 12, 2020 |
In the end he said the one he knows is Jesus ponzi, what does that mean ? just2endowed: |
Re: Treasury Bills In Nigeria by juniorrate: 9:22am On Sep 12, 2020 |
emmanuelewumi: for the bolded, how did you see Investment-One Vgif been marketed by some here. also some pples were marketing Skye Bank fixed deposit here before they were merged with Polaris Bank |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:30am On Sep 12, 2020 |
juniorrate: VGIF is a SEC regulated investment that currently pays about 8% or thereabout so there is no cause for alarm. SEC regulated funds have trustees which is different from the fund manager. 2 Likes |
Re: Treasury Bills In Nigeria by Enyinne(f): 9:46am On Sep 12, 2020 |
And i ask u again , how my problem is ur headache? times can continue to bring u down with ur negative mindset. Your fears hv conquered u hence u want to draw people into ur Negativity. Kindly stay clear of my affairs until ur consulted for financial advice TransAtlanticEx: |
Re: Treasury Bills In Nigeria by IamR: 9:53am On Sep 12, 2020 |
Comeandcollect:He said Jesus scheme |
Re: Treasury Bills In Nigeria by ositadima1(m): 10:01am On Sep 12, 2020 |
Enyinne: ![]() ![]() |
Re: Treasury Bills In Nigeria by emmasoft(m): 10:20am On Sep 12, 2020 |
emmanuelewumi: Thank you Sir for that contribution. Yes currently the Trustees to VGIF is FBNQUEST TRUSTEES hence for those who have read the facts of the funds sheet or invested in the fund you will notice the citibank account number given is always fbnquest Trustees/VGIF as the account name. No money goes out of the account without the knowledge of the Trustees. Apart from that there is the nominee and of course the custodian bank then the almighty SEC as already pointed out. So go ahead and invest. It's being marketed because banks and fund managers interest towards customers are almost opposite. While bank wants deposit for investment just for themselves. Fund managers do same for themselves and for their clients. In reality banks and fund managers have divergence interest when it comes to money with respect to customers/clients. By the way don't forget to click the link on my signature to open VGIF account for free or contact me for more on VGIF. I will send you my voice notes on how the funds works. 2 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 10:45am On Sep 12, 2020 |
This is really strange, her first post here was to attack ahib using the lazy yoot personata, but her real ezinne personata has solicited for ahib's help in the past. Conglomerate, na u I go blame for this changing of personata and moniker at will. U have tot people bad thing. This is so shocking to me o. Abeg Osy, where u for see her curves, I wan follow crosscheck. ahiboilandgas: Lazyyouth4u: ositadima1: 2 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 10:49am On Sep 12, 2020 |
You have to understand the difference here, it is not the banks themselves that are marketing it but fund managers who get some sort of commission for each person who invest through them. This is very different from those ponzy schemes. How come I never heard about this MBA forex sef? juniorrate: |
Re: Treasury Bills In Nigeria by Nobody: 10:50am On Sep 12, 2020 |
emmanuelewumi:An SEC regulated investment house can lose all your money and you will get nothing from the trustees and fund manager o. Even CBN regulation for banks does not mean that you will get anything over 500,000 Naira if/when the bank goes bust. Other than this 500k guaranteed for any amount (even a 500 million deposit in a Naija bank will get only 500k from NDIC), no other investment or deposit is insured. Nobody should count on SEC regulation as insurance of funds in any investment house o. For Microfinance banks, I think it is only 200k that is insured by NDIC if the MFB goes bust. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:55am On Sep 12, 2020 |
Lazyyouth4u: That would would have been stated in the features of the fund Whether it is a money market fund, equity fund, balanced fund, REIT, fixed income fund VGIF is a blend of money market fund and fixed income fund, so the risk is zero or very minimal. 8% return is quite conservative. The riskiest is equity fund, you can make 30% and above, you can also lose your capital in the interim 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 10:56am On Sep 12, 2020 |
Oga I am not that lady. That is your friend mr trans or whatever trying his best to discredit me ![]() ![]() ojesymsym: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:02am On Sep 12, 2020 |
The highest you can get from NDIC is 500k if a bank should go under, thank God for CBN that did not allow the like of Union Bank, Oceanic Bank, Intercontinental Bank, Bank PHB, Skye Bank etc to go under. Rather CBN tookover the banks and allowed other Investors to recapitalized the banks, all most bank CEOs and directors would have preferred insolvent banks to go down than to be taken over by CBN. Any bank customer with substantial funds should always monitor the financials of such banks. Alpha Merchant Bank went down more than 20 years ago, depositors are just paid which is maximum of 500k 3 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 11:06am On Sep 12, 2020 |
You will have a hard time convincing us otherwise. This screenshoot between lzyyoot and MrTrans was responded to in the first person by Mrs Ezinne. Truth is, we all have a right to different monikers on nairaland, even the best of us will slip up at some point. But don't be ahib's friend when you wear ezine costume and his enemy when you wear lzyoot costume, we like to know our friends and our enemies, frienemies are too complex to deal with. Lazyyouth4u: 5 Likes
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Re: Treasury Bills In Nigeria by ojesymsym: 11:10am On Sep 12, 2020 |
In the alternative, have a maximum for each bank account by having many other accounts to reduce exposure and have risk spread. emmanuelewumi: 3 Likes |
Re: Treasury Bills In Nigeria by AngelicBeing: 11:13am On Sep 12, 2020 |
ojesymsym:The hands of Esau but the voice of Jacob ![]() 4 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:15am On Sep 12, 2020 |
ojesymsym: Not necessary, a bank won't go under overnight, the signs will be their minimum of 18 months before it goes down. CBN is doing a good job about, instead of banks to go down CBN will sack directors of such banks based on distress that can be detected from their financial reports and other signals of insolvency 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:20am On Sep 12, 2020 |
When was the last time a bank went down in Nigeria and customers lost their deposits? That was more than 20 years ago, please correct me if I am wrong. Not referring to Microfinance banks ooo 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 11:26am On Sep 12, 2020 |
You are right sir, since the bank consolidation by Soludo, no bank has gone under with public funds. The worse that happens is take over. One of the reasons I take so called experts with theoritical solution's opinion with a pinch of salt is that there was a compelling argument against it then by many financial experts, yet it turned out to be a good thing. emmanuelewumi: 3 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 11:27am On Sep 12, 2020 |
What are those signs to look at for? emmanuelewumi: |
Re: Treasury Bills In Nigeria by Nobody: 11:28am On Sep 12, 2020 |
Sir, I perfectly understand your points below but if you look at the fund documents of any investment fund, it is clearly stated that you can lose all your investments in that fund. Anyone reading your post may think that the trustee guarantees your funds which is actually not the case.A trustee does its best to protect the interests of the investors but it does not guarantee the investments in a fund. If a fund performs badly, an investor can lose all of its funds regardless of SEC regulations or the presence of a trustee. emmanuelewumi: |
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