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Investments held for sale ifrs 7 Or is there some court nospetco investment clubs somewhere? Hopefully, if a more transparent and better government is sworn in, it might nospetco investment clubs the plight of the people and honestly look into this issue. Log into your account. I might be wrong because I am not a lawyer. They are mostly into the Nigerian stock market. An investment club refers to a group of people who pool their money to make investments. Toggle navigation.


All investors are entitled to collect their monies back. Since these monies are frozen, it is no longer the responsibilty of Nospetco or other Wonder Banks to refund these monies back to investors; it is rather the responsibility of CBN to refund the monies back.

Consequently, the CBN would have no choice but to return your monies, especially when they have no reason to continue holding the monies. In case you need to send me a mail, feel free….. I believe that the investors in the wonder banks should carry out a sort of protest, lets try and resolve this issue once and for all.

We deserve to be heard and given an answer. Let them inform rianlewis yahoo. Let us mobilize ourselves and take the bull by the horn and move to the National Assembly and intimate them about our sufferings as a result of the economic injury inflicted on us by NOSPETCO. They will force parties involved in the problem to appear before them.

I think it worths giving a try. Its really annoying having invested so much since If he sees consistent pressure by us he will be forced to do something. Dear investors I find it really funny for the CBN governor to want to go after people who are debtors to banks, forgetting the source of some of those debts.

Many took loans to invest in these so called wonder banks. The CBN as made it look as if it is wrong for people to invest in a healthy business venture. The fact that people were withdrawing from their accounts to invest in Nospetco only alarmed bankers, so they coin a way to bring the company down. My thinking:. The only problem I see in us getting our money is our not cooperating with each other to fight this.

We need to come together and plan strategies to bring them down to their kneel. We have the strength of numbers; let us make enough noise there is nothing to be ashamed of. We need to be seen disturbing the company not just our lip service, We can not expect someone else to fight our cause for us.

We need to cry out physically not to cry on emails. Somebody should fix a date for this peaceful rally. I agree with u, but before a rally let us meet first and invite people that can give us advise on this , debt recovery people, Lawyers, the police.

I mean let us be perfect in executing a fight for our right. Some of us can start organising a way to bring all concerned persons together for a meeting. I suggest we start with few of us and if possible that few can pay for an advert in the news media to bring in as many investors as possible. I am an investor and have suffered like all of you. I am very happy to know that people are doing things about the company.

Please let some one open a listserve for all investors to register and then we can start action from there. A token can be requested from investors to pay for a lawyer to help us pursue the alhaji. Nordea Bank,London is offering a Stimulus Bailout Finance in-conjunction with Barclay Group and Erste Group Bank is offering a non collateral, no up front fees loan scheme opportunity on equity loan and unsecured loans, business loans, agricultural loans, project finance loans, personal loans and long term and short term loans including sinking fund loans and term loans to individuals, small-scale investors, consultancy outreach, corporate bodies and institutions.

We offer a complete range of financial solutions to our clients. We possess a team of experts including qualified consultants who ensure to provide most feasible solution to our client financial hitches. Over the last 5 years, Nordea Bank,London has grown to be a premier executive provider of bank instruments for professionals both in United Kingdom and overseas.

These services we provide at reasonable rates and conditions. You are only required to apply or make inquiries by writing directly to administrative loan officer and direct your inquiries to this loan relief enhancement opportunity with low interest and conditionality. I am interested in this forum. I hope all the investors are fully represented in the ongoing strugling to get our funds back.

Where do you meet? Let somebody help. He operates in Nigeria and is bound by the its laws and government. We need to focus on getting the government to be less corrupt and consider the plight of the people it claims to protect. I am also heavily invested in Nospetco oil and Gas and I suffer the same plight as all of us here. I spoke to Alhaji Maiyaki a couple of minutes ago, using the phone number that was posted here by one of the previous contributors and he answered my call after the second ring.

I introduced myself to him and explained the purpose of my call and he answered me politely…though irritably but that is understandable considering the amount of pressure he is facing over this issue. He informed me that the on-going court case in his appeal was adjourned previosuly and slated for 4th May He did not disclose the venue though, possibly for security concerns.

I said than you, and prayed for him. What we can do now is to pray for him and to vote in a government that is less corrupt and accountable to the people during this April elections. Hopefully, if a more transparent and better government is sworn in, it might consider the plight of the people and honestly look into this issue. It might even be friendlier to Nospetco oil and Gas. We might then get our capital back… or if you like, even continue the scheme. I do apologize for introduced politics into this debate, but I feel it is one of our options, not only to recoup our investments but to create lots of other investment opportunities which we can enjoy and a better Nigeria.

Thanks for the person that initiates this forum. Read on. Please, act to solve the problem, if you in a position to…. Investors already paid naira each or there about to this same lawyer. The future belongs to those who believe and plan with their beautiful dreams.

I personally think that the liquidator has not done enough as per warrant to wind up Nospetco. The court is ever ready to enforce her judgements, hence the liquidator can easily ask the Court to liquidate the company and use the proceed to pay the investors. It is my view. I might be wrong because I am not a lawyer. You are commenting using your WordPress.

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Determined to compel CBN to release the money, the investors, led by their lawyer, Adeleke, headed for the Federal High Court, Lagos, instead of appealing against the judgement of the Court of Appeal. At the Federal High Court, the investors told on how scores of them had suffered terminal ailment while others were bedridden just as they said the seizure of the N They had also filed a notice of appeal at the Supreme Court against the Court of Appeal judgement that did not favour it.

The investors also sought a cross appeal against part of the judgement which held that it was the Federal High Court and not IST that had jurisdiction to entertain the case. They are now asking the apex court for extension of time to cross appeal against part of its judgement as contained in their Motion on Notice, that IST lacked the requisite jurisdictional powers to entertain the matter.

Meanwhile, the Supreme Court has fixed April 3 for hearing. Sign in. Log into your account. Password recovery. Recover your password. Monday, November 23, About Contact About Contact. Forgot your password? Get help. The Government and Business Journal. Home Business. Nigeria: Q3 GDP shrinks Nigerian Stock Exchange publishes its sustainability report highlighting activities implemented.

Even as manufacturing sector recovery continues, employment level shrank for eighth consecutive months. Be extra vigilant for Black Friday shopping this year, Kaspersky warns. Nigeria: South-South leaders demand public apology from FG over botched meeting. Godwin Obaseki begins second term as Edo Governor, Okowa sends congratulatory message. Me: If you want to put all your eggs in one basket, make sure you are personally guarding that basket with your life.

On speaking with the MD, I personally rate him a little higher than all the others. I was personally very impressed with the vision of the MD of Hazonwao. For him, this is all about helping people to become wealthy. They also have a flexible structure that makes them able to pay you 4 times in a week. Virtually unreachable at the moment as the MD pleaded with me not to share his phone number just yet -inundated with calls at the moment. Some things sound too good to be true.

They should be very accessible from March, it might be worth waiting for. Telling them you are from me, makes me nothing at the moment. The MD assures me though that where I can make some returns is when I help them publicize the land they are about to sell. Will keep you posted. Have delivered returns to partners for the past 4yrs without failing.

Have returned money to people who wanted to divest. Have actually participated before and have nothing short of a good personal experience. I maintained and still maintain a relationship with one of the employees. Was also able to ascertain the pedigree of the MD and Chairman. I understand their business and model. Current trends with their line of business is not very good.

Already receiving bad press from a bank. Line of business does not require limitless cash. Very good chance of turning ponzi. Nett — If you have made your money back, leave your investments in there. You might still have some time.

If you are new to all these.