Monday, December 17, 2007

SEFTEG OFFICE HAS CLOSED AGAIN

Despite effort by investors to retrieve their capital from Sefteg Nigeria Ltd due to it’s present financial condition caused by pressure mounted on them by Central Bank of Nigeria (CBN) they have finally closed their office.
After having conversations with there staff, information gathered is that some soldiers that invested with them came to harass them at the office on Oyin Jolayemi Street,Victoria Island due to lack of payment of overdue ROI.
I also gathered that the office will be opened in January but if there will payment of ROI or refund is yet to be confirmed. Their website has been upgraded to a more colorful one and I am of the supposition that they want to start a 100% online business since registration form can now be downloaded online.This is an unconfirmed hypothesis. Visit http://www.sefteg.net/ for further confirmation but note that all the telephone numbers on their website are not working at the moment.
WRITTEN BY OLUBIYI ADEONOJOBI

Monday, December 3, 2007

IS a3union A SCAM?

Asset Assured Assist Union popularly known as A3 Union claims that they constantly manages investment relationships with over twenty high yield investment partnerships in six countries. The company is registered in Belize but one can not but ponder,why?
There current website was created on 11th August 2006 ,updated on the 6th of November 2007 and expiring on the 11th August 2013 but the website is non transferable so it was definitely created by Caribbean Software Development Corporation (CSDC).
Caribbean Software Development Corporation, a large offshore International Business Company, specializing in e-currency transaction system development & transaction processing solutions has acquired A3Union brand on February 28th 2007. A3Union is now a part of CSDC,IBC and trading and investment division of CSDC.
I had a telephone conversation this morning with one of there Nigerian agents listed on their website and he said they have a congested payment gateway so I guess they didn’t anticipate to have so many investors cashing out of the program at the same time. I will advice those who have invested to keep trying to cash out and those who are yet to invest to hold on for a while till this issue is resolved.
Below is the list and contact information of there agents in Nigeria but I haven’t verified if the addresses are genuine :

FULL NAME: MIKE ADARA , BUSINESS NAME: MPM NIG. LTD , STREET ADDRESS: 125 PW ROAD, KUBWA ,ABUJA , CONTACT PHONE: +234-806 -346- 8412

FULL NAME: Abidakun Sunday Samuel , STREET ADDRESS: 124 arakale road , CITY: Akure , PROVINCE: Ondo State

FULL NAME: Chris Igho Ogilo , BUSINESS NAME: Nasara Services , STREET ADDRESS: Shop 765 TV Garage, Kachia Road. CITY: Kaduna ZIP: 80001 , CONTACT PHONE: +234-8028460725

FULL NAME: Salaudeen Mutiu Olayemi , BUSINESS NAME: Nil , STREET ADDRESS: 23 Dayo oluyemi str. off Isawo rd. Agric Ikorodu CITY: LAGOS ZIP: 234 , CONTACT PHONE: 234-805-282-0691

FULL NAME: Adetunji Abdulrauf , BUSINESS NAME: Ajile ventures nig. , STREET ADDRESS: 28 Dokaje street, ugwar romi CITY: KadunaZIP: 80001 , CONTACT PHONE: 2348023580880

FULL NAME: WALE OBISESAN , BUSINESS NAME: Obisesan , STREET ADDRESS: NO 54 BENIN ST SGARI , CITY: ZARIA , PROVINCE: KADUNA , ZIP: 80001 , CONTACT PHONE: 2348038898688
QUESTION: CAN THEY BE HELD ACCOUNTABLE IF ANYTHING GOES WRONG?
…..COMPILED BY OLUBIYI ADEONOJOBI

Sunday, December 2, 2007

BEWARE OF DIAMOND CASH CLUB

BUYERS:BEWARE OF DIAMOND CASH CLUB
Due to increase in failure of payment, it has become paramount for me to notify my dear readers to take note and stop investing in Diamond Cash Club since probability might have it that it has already folded up.20th of every month was believed by investor’s as a day full of smile because it was pay day but that has now become history since the only information given to the winners are “payment under processing” and there egold account has not been credited till date.
Later information reached us that the pay day for winners was shifted to 23rd but today is 2nd of December and nobody has been credited. The website is still functional but winners are not being paid so it will only shrewd for new buyers of there product to linger till this issue is properly resolved. At the moment,they are not replying email and and no Newsletter to update investors who have cycled and are not yet paid. Useful update to this effect will be appreciated.
WRITTEN BY OLUBIYI ADEONOJOBI

Thursday, November 29, 2007

BEWARE OF THIS HYIP SITES

HYIP SCAM SITES

realitysurf, (ip: 72.29.80.130). Problem with payment reported. When I went to the site, there is a virus embedded on the site as well. Please go there with care.

steelfunds, (ip: 64.40.114.38). Problem with payment reported.

5dayhip.com, Problem with payment reported. Site disappeared, it probably a copycat of 5daysfunds which also has problem paying.

hyip4fun, (ip: 67.159.32.175). Problem with payment reported. If you go to its site, you will see the following message:due to script problems and continous attacks by hackers and a miscalculation of the actual percentage we have decided to close the site we will start refunds after we finish calculations of them.

50globalprofit - (ip: 195.0.210.141) Reported not paying.

refin.cc - Multiple IPs reported, (ip: 68.142.234.51, 68.142.234.52, - 68.142.234.60), stay away.

kgsfund - (ip: 63.247.77.34), multiple sites with same ip. Stay away.

GroupTraders - (ip: 63.247.77.38), reported maybe a scam from Las Vegas HYIP and Impexim.

dma-im - (ip: 67.19.218.74), reported seems to be related to same bunch as Las Vegas HYIP and Impexim.

6dailysurf - (ip: 85.114.128.142), reported maybe scam. Maybe somebody can confirm that.

goldgains.com - (ip: 69.50.168.126), reported maybe scam. Maybe somebody can confirm that.

RichInvest-Goal - (ip: 69.50.168.126) , reported not paying.

brokersgold - (ip: 216.220.40.244) , see discussion below.

WorldofGold.biz (ip: 69.64.40.55) - Problem reported

Sambrerogold.com (ip: 69.57.146.76) - Problem reported

DailyPaidProfit.com (ip: 68.142.234.50) - Problem reported

axestar - (ip: 38.113.1.97) Reported not paying.

fastcashclub - Reported to have trojan loaded when you visit the site.

williams-fund.com (ip: 209.249.221.22) got many complaints from various members for not paying, stay away from it.

http://www.invca.org/ (ip: 72.21.38.141) problem with withdraw is reported.

http://www.orange-funds.com/ (ip: 66.197.197.53) problem with withdraw is reported.

http://www.oil-investment.com/ is not paying to its members, ip 64.21.66.176

http://www.legioinvest.com/ is stop paying to its members, ip 69.93.79.130

http://www.invest-network.com/ is stop paying, 62.193.238.145

http://www.greenlandinvestment.com/ - (ip: 69.50.187.99), members reported money being lost

worldtradeinvest - (ip: 207.150.184.82), reported not paying. Well, it is expected, if you are my reader, then you know to avoid it from the beginning, it runs the goldcoder.

INFORMATION SUPPLIED BY HYIP INVESTMENT DAILY

Monday, November 19, 2007

JENKINS INVESTMENT LTD COMMENCE DEBT SETTLEMENT

Following complaints received from 30 investors against Jenkins Investments Limited (JIL), the Nigerian Stock Exchange notified the Commission that the cumulative indebtedness of JIL to investors as at January 30, 2007 was N457, 007,494.80.

Based on above, the Commission ordered an inspection on the company which revealed the following:

a) That N67 million claimed by Afribank Plc against the company was a commercially secured transaction thus could not be regarded as part of the company’s indebtedness to investors.

b) That the claim of N147,828,261.30 by Mr. Mike Igbinedion was overstated by N96,167,577.31. This was reduced on verification of authentic CSCS statements to N51,660,683.99

c) That the actual total indebtedness amounted to:

Figure disclosed by the Stock Exchange N457, 007.494.50
Figure disclosed by JIL records N104, 735,920.05
Total N561, 743,414.55

Less:
Afribank Plc’s claim (N67, 000,000.00)
Mike Igbinedion (overstated claim) (N96, 167,577.31)
Total (N163, 167,577.31)

Total outstanding liabilities to be settled by JIL N398, 575,837.24



Settlement Proposal

The Directors of JIL submitted proposals to the Commission for the repayment of all the debts owed investors.

Following the proposal, the Commission on June 25, 2007 held a meeting with the Directors of JIL and the affected investors to discuss the scheme of repayment. The investors did not object to the proposal but raised issues on the computation of their entitlements. The company agreed to review same jointly with the investors.

Another meeting was held on October 17, 2007 where the proposal was considered and ratified by all the parties.

I. CATEGORY A

All investors who deposited various sums of money for the purchase of Dangote Sugar Plc and Dunlop Nigeria Plc initial public offers would be paid back in full.

The investors within this category were 38 in number and the total amount was N7, 139,720.00.

II. CATEGORY B

All investors whose claims against JIL were below N500, 000.00 as at December 31, 2006 would be paid back in full.

The affected clients/creditors within this category were 153 in number and the total amount was N26, 233,203.84.

III. CATEGORY C

All investors whose claims are above N500, 000.00 as at December 31, 2006 would be paid N100, 000.00 each.

75 investors fell within this category and the N100, 000.00 each amounted to N7.5m.

The total amount as computed for the three categories was N41, 172,903.84 out of which the sum of N21, 536,390.00 has been paid to investors.

The repayment exercise is ongoing.
INFORMATION FROM SECURITIES & EXCHANGE COMMISSION,NIGERIA

Saturday, November 3, 2007

LIQUIDATION OF LEAD UNIT TRUST SCHEMES

LIQUIDATION OF LEAD UNIT TRUST SCHEMES
The Securities and Exchange Commission has approved the liquidation of Lead Unit Trust Scheme. Unit holders in the Scheme should therefore visit the office of LeadCapital Limited to redeem their investment.
LeadCapital’s address is as follows:
Plot 281, Ajose Adeogun Street
Victoria Island
Lagos.

Signed
Management

BEWARE:WEALTH SOLUTION AGENT ARE CIRCULATING EMAILS

THIS IS MAIL IS BEING CIRCULATED BY WEALTH SOLUTION AGENT(INFAMOUS ROWLAND PETERS)
Dear Valued Investor,

Due to our commitment to let you know our findings and latest happennings about wealth solution Ltd with regard to your investment.
We got a text from wealth solution promising to commence payment from this week and that will last for the next 14 days from now.

We all pray and hope our principal are paid back to us the investors on time. Thank you for your understanding and patience.

Meanwhile, for those risk takers like me who are looking for further investment opportunity to better their financial lot in life can check out this new and latest mlm Promissing $50,000 for every $50 invested without refering anybody.

Go to or simply click on this link: http://www.secretmlm.com/members/rankhigh


Please call Tunde 08028754741, or 08038011549,or 08055904365 ,
Or call Sunday 08062943412

Email : wealthagent18j7_141@yahoo.com


Dr Rowland Peters
Agent WSL

Saturday, October 27, 2007

6k4you...ASK YOURSELF THIS QUESTIONS

Please read and answer all questions below before joining
Question 1: Yes I understand that [Pyramid Peddler Name Removed] will be paying for me to join Revolving Travel. [Probably the lamest attempt at presenting a fake free offer I have ever seen-bet the next question involves agreeing to some sort of payment]
Question 2: Yes I understand that by joining 6k4you.com I am required to benefactor in at least 2 people at a cost of $65.00 each. [Thought this was Free]
Question 3: Yes I agree that my personal information will be supplied to the member who pays for my position in Revolving Travel and Clubfreedom. [You would be mad to agree to this, as you don't know your sponsor from Adam you will be asking for Trouble]
Question 4: Yes I understand that my position can be deleted if I do not benefactor in at least 2 people within 7 days from the date my sponsor pays for my position. [so its a Free trial at scamming others then]
Question 5: If my sponsor fails to pay for my position within 5 days, I would like to:Be placed on the waiting list for another member to pay for meBe removed from the system
Question 6: I also understand that if I fail to pay for someone within 5 days, they maybe moved to the waiting list or removed from the system.

6k4you's Question and Answer

Originally Posted by 6k4you
FAQ FREQUENTLY ASKED QUESTIONS
What is 6k4you?
6k4you is a pay it forward portal for people to join in the lucrative Revolving Travel and Club Freedom program where you can earn $6,000 over and over plus a free vacation.How much does it cost to join 6k4you?It is free - your sponsor will pay for you.However, you must be willing to pay for at least 2 people to join under you at a cost of $65 each. [Thats not free in my book]
What do I have to do to earn $6,000 and a free Vacation?
All you really have to do is join Revolving Travel for free under your sponsor then follow the one rule we have in place to ensure the smoothness and quickness of every one cycling. That one rule is that you have to pay for two people to join under you in Revolving Travel within 7 days of you joining. [Not free then]
What if I don’t sponsor 2 people within 7 days?
You will have your position taken away and given to someone who will pay for two people to join under them. If you cannot or are not able to fulfil this obligation, then please do not join. [So if you can't sponsor theres no point in joining, wheres the free stuff then]
What if I sponsor 2 people and one has their position taken away?
We will give you an adequate amount of time to find a replacement.[This means pay for someone else-Still nothing free here]
Can I have more than one position?
Yes you can! But you will have to still find 2 people for each position that you join Revolving Travel.
If I join under myself does that qualify me for 2?
NO. . . You cannot Purchase Nominee Accounts to meet the “Two in 7 Days” Requirement.What payment processors does Revolving Travel accept?Revolving Travel accepts Credit Card, Paypal[Paypal being notified for including there name on the list], Egold, Ebullion, E-Trust Wallet and Alertpay. We believe this covers most if not all of the major processors on the net. If for some reason you still cannot make payment through one of those various methods please contact your sponsor as you will be helping them cycle so they should be more than willing to help you get an account funded.

Friday, October 19, 2007

SEFTEG NIGERIA OFFICE RE-OPENS TODAY

The office of Sefteg Nigeria Company in Victoria Island,Lagos has finally opened today after it was shut for about a week due to delay in payment of returns of Investment.After discussing with one of the executives today,information gathered is that the office is opened because investor's were beginning to think they have folded up and absconded with investor's funds.I was reassured that returns will be payed after the completion of the ongoing investigation by Central Bank of Nigeria (CBN).
The time frame in question before the resumption of payment of dividends hasn't been ascertained but investor's are obliged to be calm and be without fear.The previous experience with wonder banks in Nigeria in the not distant past,now keeps all investor's on the edge due to this 2month's delay.I clearly expressed my opinion to the executive's of this company that re-opening of there office won't change people's opinion on wonder banks but paying of returns can restore confidence in Sefteg Nigeria Company.The office is opened today but who knows if it will be opened on Monday,22nd October 2007 but till then,i keep an open mind .
..............................Adeniyi AdeOnojobi

Wednesday, October 17, 2007

WILL NOSPECTO RISE AGAIN?

Nospecto Oil & Gas is a company that has being in existence for over 4years doing business in Nigeria, operating previously Allied House in Marina(and later Elephant House), Lagos which used to give about 8.89% interest monthly on investment of NGN450,000 per slot until it came under scrutiny by regulatory authorities that it was not a registered fund manager since the certificate of incorporation of the company doesn’t permit it to collect funds from the public.
The company is registered to do Oil business which they do officially with funds they source from the public sector and were giving higher returns than the banking sector.It is believed that the major problem of Nospecto Oil & Gas was caused primarily by the banking sector’s continuous complain to regulatory authorities about there activities.
Nospecto Oil & Gas no longer have a functional office due to cases and investigations against them by SEC,EFCC & CBN as the door are now locked with Iron bars but if any investors need to inquire about there investment and how to get refund, then they need to contact the Valued Clients which is the consultant company that was hired by Nospecto Oil & Gas to restructure the company, there website address is http://www.valuedclients.net/ for further enquiries or details about Nospecto Oil & Gas.
Information i gathered is that they have registered a bank now but you can contact the consultant for all enquiries and information you may need.
…….written by Olubiyi AdeOnojobi

TODAY'S UPDATE ON SEFTEG

After a visit to Sefteg Nigeria Company office to validate my previously gathered information that the office was closed, I became aware that one of their investors stormed the office with touts last week Tuesday (9th of October 2007) and forcefully removed the LCD Television with other valuables which was followed by life threats so the office had to be shut down immediately as it has become apparent that investors can no longer stick with stories that don’t hold water.
The telephone numbers of Sefteg Nigeria Company are still working but the question now remain, which is for how long will the number be functional since it’s the only form of communication with the company thereby making it easy to abscond with investor’s funds.The Door to office has been locked up with a notice pasted at the entrance.
Sefteg Nigeria Company bank account’s is under investigation by CBN but thereby making payment of ROI impossible since the account has been frozen until all investigations are completed.
My advise to investors is to make sure they locate residence address of directors of the company so as to ensure that ROI or refunds are guaranteed since the company doesn’t have any surface address again....Olubiyi AdeOnojobi

Tuesday, October 16, 2007

SEFTEG OFFICE IS CLOSED

SEFTEG NIGERIA COMPANY OFFICE IS CLOSED
There has been another wonder bank blow,based on reliable information.A Lagos Based Wonder Bank situated on Oyin Jolayemi Street in Victoria Island who's motto is Creating Wealth In Every Household has disappeared with Investor's Fund.We are sorry to inform our dear reader's that the office of Sefteg Nigeria Company is now closed to the public and investors.Communication with the company is only by telephone for now but it's a similar scenario like Wealth Solution,Nospecto Oil & Gas,etc.
We don’t have concrete information as to why the office is closed but based on telephone conversation with executive's of the company;information we got is that some angry investor’s went to vandalize the office due to unpaid ROI while they had submitted the payment schedule to bank but due to on going investigation into there account by EFCC and CBN, the accounts have been frozen till further notice.
Investors have not be paid returns for August till date which is a negative message and could have prompted such actions.
Updates will be posted accordingly to inform our readers….Adeniyi AdeOnojobi

ONLINE BUSINESS TIPS

1.Never send money by Western Union: It is tempting as it is very simple and you can send quickly. But it is illegal for business use in most countries and it is non-recoverable and non-traceable. So the chances of getting duped are very high if you pay by Western Union. I have yet to come across any serious business insisting on money by Western Union.
2. Never remit money by Bank Transfer to a personal name: Always send to a company name. Many use this trick and I am surprised how many keep falling for this. No matter what the other guy says, if you send a bank transfer to a person, chances are high that it will be the last you will hear from him.
3. Avoid being a victim of the ADVANCE FEE SCAM: Never try to sell anything to anyone who insists on some payment from you before placing an order for your goods. They usually promise a very large order to tempt you. Various tricks used are fee for foreign exchange transfer, registration of your company with authorities, etc. Basically stop dealings with anyone who places an order with you and then wants you to send some money first for some reason or the other.
4. Use a personalized paid email address: In case you are using a free email address like yahoo, rediff, hotmail, msn or any other free email, please stop using it immediately as you are harming your business by doing so. Free email address look very unprofessional and create a poor impression about you. So start using an email address which is like yourname@yourcompany.com as soon as possible.
5. Build your company website: If you are in business and you do not have a website you are losing business. No matter what your argument may be, a website is becoming a qualifying criterion for buyers to select people they want to talk to. Not having a website reduces the number of people who would be interested in talking to you. Do you really want to do that?
6. Make it easy for people to contact you: The below three points are a basic minimum:
a. Having voice mail on all your phone lines: Basically, you must have a system where a person can leave a message if your phone is busy or no one is there to attend it so that you do not miss anyone trying to contact you.
b. Having a dedicated fax line: Faxes nowadays are mostly being sent by some fax software. So if you have a system where a fax tone is given on request, chances are you will not receive the fax.
c. Always including complete contact details in all emails you send. A simple way is to use signature files.
7. Understand the mindset of your buyer: Learn to listen and understand the pulse of the potential buyer. Find out what drives him. Although I know all of you will jump and say 'price', you know that there is zillions of dollars of business being done at a price much higher than the 'best possible price' even when buyers know that. It is being done because of timely delivery, quality assurance, excellent communication, comfort level or special customization, etc. Each buyer has some factors he holds as key. Once you know that, you should be able to reassure him on that front.
8. Review your website critically: If you have a website, look at it critically from a buyer's viewpoint and see if your website does the following:
a. Make the visitor believe you know your business well
b. Provide more information than competitors
c. Enhance your credibility
d. Make the visitor feel like contacting you
e. Is your contact information easily accessible?

Tuesday, October 9, 2007

OPEN LETTER TO GDCA REGARDING E-BULLION

AFTER THE POST OF GDCA WARNING ON E-BULLION,I WAS CONTACTED BY MARK HERPEL ON THE ISSUE SO I DECIDED TO PUBLISH HIS OPEN LETTER TO GDCA
Dear Mr. GDCA President,
I have been writing and blogging lately about the possible or alleged recent issues regarding e-Bullion. I feel, as do many readers, it is important to determine whether these possible issues are rhetoric, a few unhappy agents or possibly big events that will effect the industry as a whole… I now see that the GDCA has posted a warning regarding e-bullion at: http://gdcaonline.org/content/news.html
In that warning it states that :
“….E-bullion.com closes and/or freezes accounts without any court order or reasonable justification, sometimes freezing customer funds forever.”
Please present proof of these events by showing the closed account documentation and any correspondence with e-bullion regarding that account and its closure.
Please comment on why e-bullion closed the account or accounts, any justification e-bullion presented or did not present.
Please provide your opinion as to why e-bullion has taken this action.
Please provide evidence of e-bullion seizing or freezing account holder funds and not returning them as stated in your comment/warning above. Who had their funds ’stolen’ or has stated they had funds seized?
Please show me the evidence of a rumored investigation by the USSS, because I heard a rumor they were going to be bought by Donald Trump. Rumors are not fact and have no place in an industry ‘warning’ without supporting information. Provide me these facts or the person openly commenting about an ongoing investigation being conducted by an agency of the US government.
Please provide me copies of any complaints from users that the GDCA may have received regarding e-bullion for the past two years.
Please include e-mail or other documentation so these can be verified by me.
Please provide me any exchanger opinions or complaints which you have documented regarding the policies and terms now in use by e-bullion.
You should know that I have already been in touch with Mr. Joseph Hamilton, CISSP Chief Technical Officer, e-Bullion.com, on several recent occasions regarding these stated rumors.
Its my firm belief that resolving any problem whether minor or serious can be accomplished by logical discussion and clarification of facts, not rumors and flaming.
I would appreciate it if you can comment here below this post at your earliest convenience, whether you can or will produce the above requested material to me via email. All other comments and questions are welcome. Feel free to remove any personal or financial information from these documents. After hearing from you, Mr. Hamilton of e-bullion will again be contacted for his comments, he is available and reaching me just fine.
Thanks and I look forward to hearing from you soon.
Mark Herpel

FOR RELATED STORIES OF THIS POST,VIEW MARK HERPEL'S WEBSITE http://www.digitalmoneyworld.com/

Monday, October 8, 2007

BEAWARE OF FRAUD CURRENCY TRADERS

LIST OF FRAUD CURRENCY TRADERS

1. wmzwmr.ru : displays fake GDCA membership logo that does not link to the GDCA Ratings page.
2. casheq.com : displays forged GDCA membership logo, linking to illegal GDCA site copy
3. e-bullion.com : a number of members of the GDCA have filed complaints about this currency over the years, but recent events lead us to issue an outright WARNING
4. e-glod-exchange.com : infringes on e-gold trademark and on GoldExchange.eu copyrights; also seems to attempt to benefit from GEeu's reputation and may be defrauding customers.
5. egXchange.com : seems to have infringed on the copyright of reputable exchanger, stealing their texts and CGI scripts. CAVEAT EMPTOR
6. lette-exchange.org : forged GDCA plaque, probably other forged links on site.
7. dette-exchange.com : forged GDCA and ECMA plaques and seems to collect personal and bank data from prospective job applicants
8. paysgold.cn : is a spoof / forgery of paysgold.com; displays paysgold.com's GDCA membership plaque and is most likely run by fraudsters.
9. rbcfinance.hk : claims to be a GDCA member and displays a forged plaque; known spammer;
10. estockflow.com : claims incorrectly to be a GDCA member without ever having applied to join; also abuses the GDCA slogan, and it is questionable if any of their partnership claims are true;
11. egoldhosting.com : displays a bogus GDCA member plaque after we turned down their application to join several weeks ago; also displays fake ECMA plaque.
12. ecurrency.premium.ws : claims incorrectly to be a GDCA member and displays a forged GDCA plaque.
13. goldxcash : there is evidence that goldxcash is linked to click2exchange and direxchange, etc.there have also been a number of complaints from users.
14. click2exchange : numerous complaints; member of a ring of fraudulent sites that attempt to build trust by recommending each other, probably all owned by the same group;
15. intGOLD : complaints from several GDCA members, exchangers, and many users containing allegations of theft and fraud http://www.intgoldsucks.com/
16. OffshoreGoldBank : recommends DMSE as prime exchanger, probably the same owner as DMSE
INFORMATION FROM GLOBAL DIGITAL CURRENCY ASSOCIATION(GDCA) FOR OUR READER'S

BEWARE OF E-BULLION

GLOBAL DIGITAL CURRENCY ASSOCIATION ISSUES WARNING FOR E-BULLION

Due to numerous unanswered complaints, the Global Digital Currencies Association would like consumers and merchants to be aware that E-bullion.com closes and/or freezes accounts without any court order or reasonable justification, sometimes freezing customer funds forever.
This unscrupulous policy makes E-bullion an unfavorable system for online commerce and for the safe and secure storage and transfer of funds.
We recommend that E-bullion account holders switch to a different digital currency immediately in order to avoid frozen accounts and loss of funds, such as:
· GoldMoney - www.goldmoney.com
· Pecunix - www.pecunix.com
· Liberty Reserve - www.libertyreserve.com
· c-gold - www.c-gold.com
· PhoenixDollar - www.phoenixdollar.com

Friday, September 28, 2007

NEW PAYMENT PLAN FOR GETAWAY CLUB

GETAWAY CLUB'S LETTER TO ASSOCIATES & MEMBERS
To Associates and Members,
Great News!
Increase in Members Matrix Payments
Effective immediately our compensation plan has changed to give our members higher payouts, more encouragement and the best payouts on the web.
Ok, we wont keep you in suspense, here are the new payments!
Bronze, $100
Silver, $200
Gold, $2,500
Platinum, $15,000
Yes, from this point forward these are the payments you will receive when you cycle from the relevant table.
And of course, this means that bonus payments will also increase, since they are based on a percentage of the cycle payments! For example, a 5% bonus payment for one of your referrals cycling through Platinum is now $750 (increased from $500).
Many members have asked for an increase and greater incentives to help drive their marketing and prospecting efforts. After careful consideration, planning, and lots of calculations we again are leading the way with a dynamic and rewarding business.
To make these payments feasible, we have had to change the price of membership from $160 to $190 plus a $10 processing fee. However, to make this equitable and fair to all members, and to help your prospecting and recruitment efforts, the price increase will not be implemented for 30 days. Membership cost will not increase until the 1st November 2007.
So you have a complete 32 days to use this extraordinary news to save your prospects $40, and to drive your marketing efforts substantially.
Members and Associates take advantage of this great news.
You will find some new banners and promotional material in the Members area.
Keep up the good work and we wish all our members success.

Thank you,
GetawayClub Admin

Thursday, September 27, 2007

COMPLAINTS AGAINST EAGLE STOCKBROKERS LTD

It has been brought to our notice that complaints has been brought against Eagle Stockbrokers Ltd and they were meant to have met at SEC ZONAL OFFICE in Lagos to defend themselves last week thursday,20th September 2007 but we are yet to know the outcome of the meeting.
We are therefore advicing our reader’s to note and refrain from investing with them until they have being cleared of all allegations.
Below is a list of those that filed complaint's against them.

1. Anu Eso & Co (Ben Harris Eze)
2. Mrs. Sophie Ima-Obong Pokima
3. Alhaji K.A. Agboola
4. Akintola Ladipo for Tunde Fatinikun
5. Alhaji Raheem A. Lawal
6. Oladipo Magreola & Co. (Yekini Bakare)
7. Ronachant Investment Ltd
8. Abimbola Odukale
9. S. O. Coker10 A. A. Nwosu
11. Illide Sunday
Investors are adhered to take note until further notice,so as not be a victim.
COMPILED BY ADENIYI ADEONOJOBI

STANDARD UNION SECURITIES STILL UNDER SUSPENSION

SUSPENSION OF STANDARD UNION SECURITIES LIMITED FROM ALL CAPITAL MARKET ACTIVITIES
The Commission has suspended Standard Union Securities Limited, a stock broking company based in Kano, from all capital market activities in Nigeria till further notice.
The company was suspended for collecting, verifying, and selling 2, 806 units of Oando Plc shares belonging to Nasiha Trade Association with the knowledge that the shares had been stolen and that the bearer (whom it later declared to be dead) was not the bonafide owner of the shares.
Furthermore, the company has been operating illegally in the Nigerian capital market since 2002 without valid registration by the Commission.
The suspension took effect from Wednesday, 25th July 2007 and will remain in force until this illegal operator has fully restituted the investor and regularized its registration with the Commission.
ALL INFORMATION QOUTED VERBATIM FROM SEC

Tuesday, September 25, 2007

PMI AND THEIR MENDACITY

The recent fall of wonder banks nationwide in Nigeria has caused many self acclaimed fund manager to start deceiving their investors about Return On Investment (ROI), of which PMI is one of them.
A visit to there office will reveal the tension their investor’s are having with the whole environment crowded with investor's clamoring for refund when they have deceived their investors for a long time that everything was in order. Anyway, all investors have been told to go and open a bank account with UNITY BANK(wonder bank acquiescent) so that they can get paid their returns but this development was not welcomed by investors which the infamous fund manager agreed to look into soonest. The major issues now are,mode of payment and delay of payment. A few military men who invested has taken laws into their own hands by taking the CEO of the company to their barrack.
It’s acclaimed that payment for those who invested in Week 4 will be concluded this week and week 5 investor's will be due by the ending of the month of October. For those investors in week 6,they should expect payment on or before November ending ,while week 7 should receive their payment before Christmas this year.
The rates have been reviewed without any concrete reason but week 4 investors aren't affected by such. Week 5 and week 6 investment which was NGN40,000/slot is now NGN30,000/slot and Week 7 and week 8 investment has also been reduced from NGN30,000/slot to NGN20,000/slot while week 9 investment is now NGN12,500.
For all those who have invested, I entreat they recover their capital and for those with intentions of investing, I wish them all the best.
….Written by Adeniyi AdeOnojobi

Thursday, September 20, 2007

CAUTION FOR WEALTH SOLUTION INVESTORS

The infamous Dr Rowland Peters,a well known agent of a failed wonder bank called Wealth Solution has started sending e-mail’s again to WS investors who invested through him, introducing another business. A copy of the mail can be read below:

Dear Fellow Investors,
A friend of mine called on me recently and requested I informed him on time whenever I discovered a new, good and profitable investment.
Then it dawn on me that several others might need such timely information as well. Having taking my time to research some MLM businesses I discovered these to be the hottest:
Check it out by clicking on the link below:
http://www.diamondcashclub.com/diamonds
http://getawayclub.net/Rowpet
http://getawayclub.net/hannet
You must use the above link to sign up to enjoy my personal support and mentoring. If you have further question you can email me @ wealthagent18j7_141@yahoo.com or call my office manager Tunde on 08028754741,08038011549,08055904365.
We invite you to join our winning team. Some of my team members have earned $14,000:00,$ 8,000:00 &$6 000:00 respectively.
Yours Sincerely,
Dr.Rowland Peters
ALL INVESTORS ARE ADVISED TO BE CAUTIOUS.
… BY ADENIYI ADEONOJOBI

Wednesday, September 19, 2007

BEWARE OF PYRAMID SCHEME

They come in diverse guises, systems and names. They entice the unwary with mouth-watering promises and evoke tantalising images of instant wealth and affluence. Call them savings schemes, investment programmes or marketing operations: they offer the same goal of small investments and ensuing bumper returns on investments that no legitimate business or financial institution can offer.
And they have become ubiquitous in Nigeria. From the ‘multi-level marketing’ operations to ‘oil traders’ and outright ‘wonder banks’, the pyramids are all over the place ensnaring men and women who want riches with little effort, and making claims that skirt the twilight zone between legitimacy and outright fraud. Whether you are an executive, blue-collar worker, investor or business operator living in Lagos, Abuja or other major cities in the country, you may have been approached or heard of someone you know being contacted to partake in one lucrative ‘investment scheme’ or the other.
Sometimes, they claim to be big time investors in oil and gas operations. Or they pose as financial managers after the order of Midas, the legendary ruler at whose touch everything turned to gold. Or they label them ‘investment clubs’. The generic name for the miracle investment schemes is pyramid scheme. The online Wikipedia defines a pyramid scheme as “a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, usually without any product or service being delivered”. On account of the success and notoriety such scams have had in the United States and Europe, laws and ‘experts’ on pyramid schemes abound.
According to such authorities, the genre is called a pyramid scheme because it involves an initial ‘investment’ by one person who then recruits a given number of other persons, each of whom in turn, recruits the same number of persons till infinity. As long as each new recruit is able to sign on the specified number of persons, he or she makes a profit, sometimes, as much as 500 per cent of his ‘investment’.
The system is therefore like a pyramid, whose base keeps on widening as long as fresh persons join and ‘invest’. The fatal flaw in the scheme is that for it to remain profitable to all subscribers, virtually the entire population of the earth must join and even then, the number of persons is finite. The result is that every classic pyramid scheme must inevitably collapse and the majority of subscribers will lose their money.
For the get-rich-quick, there is a variant called the Ponzi scheme. A classic Ponzi operation is a bogus investment scheme that offers abnormally high ‘profits’ on investment. The excessive profits come from the deposits paid by subsequent investors, meaning that the scheme can only survive as long as there is an endless stream of new investors also lured by the promise of super-normal profits.
It is named after Charles Ponzi, who immigrated to the USA from Italy in the 1900s and fleeced the citizens of his newly-adopted country of millions of dollars before he was caught. The difference between a Ponzi scheme and a pyramid scam is that the schemer is the fulcrum, the man accepting and dishing out returns to investors (read victims) while in a typical pyramid operation, the recruit, who successfully recruits his additional recruits, earns his promised super profit. The experts also say that a Ponzi scheme attracts the well to do and can run for as long as those who invest in it can be persuaded to ‘re-invest’.
But a Ponzi scheme collapses much faster on account of the exponential increases in the number of participants that is essential for its sustenance. At any point that a new recruit fails to recruit the required number of new sign-ons, the pyramid begins to unravel.Nigerians are in trouble because the laws are lax and there is so little information available to help people identify legitimate investment opportunities and bubbles that will ruin or impoverish them. The new type of investment that is also gaining inroads in the cities is the Multilevel Marketing Plan.
This will typically seek to recruit you as a distributor of some goods or services with a promise of large commissions. The catch is that like pyramid schemes, you are required to recruit other distributors and your sales are to these new recruits, not to the general public. Your ability to prosper under the scheme is based on the number of people you sign on and on their own success in bringing new sign-ons. Recently too, the scammers have gone online operating pyramid schemes and their variations through the Internet. To beguile the victim, they claim to be American, Canadian or European firms but rely on the well-established format: super normal profits will come your way as long as you can sign on others to invest money to earn kalokalo interests or to buy products or reports.
Some of the Internet-based firms claim to be energy traders or dealers in gold or other precious metals and offer you a chance to join the gravy train. The schemes are ensnaring many because they play on a basic human nature: greed. Researchers in the US say that of all participants in a typical pyramid or Ponzi operation, over 90 per cent will never recoup their money. The less than 10 per cent who do make money are the early birds who serve as a powerful marketing tool for the organisers. In 1997, the unravelling of a number of pyramid schemes in Albaria, in which investors lost $1.2bn, provoked a revolt that toppled the government.In the US and Europe, there are elaborate laws to deal with these schemes. But new ones keep coming in various guises such as ‘investment clubs’.
One variation noticed in Nigeria is that the operators go through pastors and other opinion leaders to snag new participants. They target pastors as the early recruits who are thus guaranteed to reap some returns. These ‘men of God’ then go on to recruit church members and others who rely on their favourable testimonies to sign on. It is said that the Central Bank of Nigeria is unsure of how to move against these firms, which, not being registered finance houses, still solicit for and take deposits from the public.
It is also clear that some bank workers are actively engaged in the schemes and are known to direct their customers to these miracle banks and marketers. It is said that the Economic and Financial Crimes Commission is on the trail of some operators. Religious leaders and bankers should stop allowing themselves to be used and concentrate on their core mandates.But if you do fall victim to the lure of the pyramid, know that you are primarily a victim of your own greed. Better to stick with your neighbourhood bank, the stock market or the ubiquitous esusu.
written by....Biodun Sonowo and extracted from The Punch Newspaper

Friday, September 14, 2007

WEALTH SOLUTION LATEST UPDATE FOR INVESTORS

THIS IS THE EMAIL WS SENT TO INVESTORS TODAY
As we have promised to update our Valued Investors on what is going on with WSL. Wealth Solution Limited public notice was published once again in Nigerian Tribune,Thursday 13th September,2007.
The Board and Management of WEALTHSOLUTION LTD,wish to sincerely appreciate God and you all that have partnered with us so far and for the infinite trust YOU have in the ability of Wealthsolution Ltd to productively manage your funds. It is highly appreciated. Since few months now,ithas beeen increasingly difficult to operate freely basically because of our subscribers' misconception, and lack of cooperation from the banks.
The following factors have greatly affected our productivity and performance:
(1) The ever presence of security operatives in and around our offices;
(2) Incessant invasion by these security operatives on the premises. Thus, crippling our business for days;
(3) Negative publications by the press;
(4) Government's unfavourable disposition towards the scheme; and
(5)Refusal of banks to take subscription fee from our subscribers and post our payment schedules.
These have had negative effects on our subscribers who have turned violet in order to take back not only their subscriptions but also their promised bonuses. In the light of all these, management has decided to formally suspended all activities with immediate effect. Our offices will remain closed to subscribers until the regulatory authorities are done with the on-going probe of our activities.
We assure our subscribers of the safety of their funds, and we will do all our best to institute a concrete arrangement for REFUND OF INITIAL CAPITAL, At the barest minimum. The modalities for this shall be communicated to you soon. It is therefore imperative that our subscribers should exercise some patience. We are still commited to the uplift of the quality of lives of Nigerians despite all odds.
We pledge to be back stronger shortly by God's grace.
Signed
Management
We are also using this medium to thank all those who subscribes under our agency that we cherished their understanding.
THIS SMS WAS SENT YESTERDAY TO ALL INVESTORS:
"Please look out for official statement of Wealthsolution in Punch of today, Sept 13, in respect of the recent clampdown on Fund Managers by the regulatory authorities. Thanks and God bless."

Wednesday, September 12, 2007

10 BIG LIES OF MLM

Lie #1: MLM is a business offering better opportunities for making large sums of money than all other conventional business and professional models.
Lie #2: Network marketing is the most popular and effective new way to bring products to market. Consumers like to buy products on a one-to-one basis in the MLM model.
Lie #3: Eventually all products will be sold by MLM, a new form of marketing. Retail stores, shopping malls, catalogues and most forms of advertising will soon be rendered obsolete by MLM.
Lie #4: MLM is a new way of life that offers happiness and fulfillment. It is a means to attain all the good things in life.
Lie #5: MLM is a spiritual movement.
Lie #6: Success in MLM is easy. Friends and relatives are the natural prospects. Those who love and support you will become your lifetime customers
Lie #7: You can do MLM in your spare time. As a business, it offers the greatest flexibility and personal freedom of time. A few hours a week can earn a significant supplemental income and may grow to a very large income making other work unnecessary
Lie #8. MLM is a positive, supportive new business that affirms the human spirit and personal freedom.
Lie #9. MLM is the best option for owning your own business and attaining real economic independence.
Lie #10: MLM is not a pyramid scheme because products are sold.
COMPILED FROM THE WORK OF Robert L. FitzPatrick

MLM....EVERYBODY HAS TO LIE

The multi-level marketing (MLM) field grows and its member companies multiply. Solicitations to join the movement seem to be everywhere. The impression accordingly grows that it is indeed the "wave of the future", a business model that is gaining momentum, growing in acceptance and legitimacy and, as its promoters claim, will eventually replace most other forms of marketing and sales. Many are led to believe the assertions that success can be found by anyone who faithfully believes in the system and steadfastly adheres to its methods and that, eventually, all of us will become MLM distributors.
MLM is not defined and regulated like, for instance, franchises are. MLMs can be established without federal or state approval. There is no federal law specifically against pyramid schemes. Many state anti-pyramid statutes are vague or weak. As in all pyramid schemes, the incomes of those distributors at the top and the profits to the sponsoring corporations come from a continuous influx of new investors at the bottom. Viewed superficially in terms of company profits and the wealth of an elite group at the pinnacle of the MLM industry, the model can appear viable to the uninformed, just as all pyramid schemes do before they collapse. MLM's true constituency is not the consuming public but rather hopeful investors. Promises of quick and easy financial deliverance and the beguiling association of wealth with ultimate happiness also play well in this market setting.
The word, lie, is provoking and it is used here for provocative purposes. At some level, everyone who participates in MLM in which little retailing is occurring is unconsciously lying to himself or herself. Many at the top of these organizations are consciously lying to everyone else. Deception is inherent in this type of MLM scheme and is pervasive in its marketing.
COMPILED FROM THE WORK OF Robert L. FitzPatrick

Tuesday, September 11, 2007

WONDER BANKS' WONDER

As the day goes by, I begin to ask myself what is the plan for Wealth Solution for its customers when people have pooled there hard earned money into the organization only to be toying with them as kids.
Initially, investments used to be 8weeks which was 4 operational weeks in the calendar but as more investor pumped money into the company they started getting sluggish with keep to commitment but the question is this…wasn’t there an agreement signed to, at the point of investing stating the time frame and the refund on cycling out?
If the answer to this question is yes, then why are they breaking such agreement and still expect the customer to continue investing when he cycles out? There is no future for such a company so my advice to those who haven’t invested …don’t and if you have invested….I wish you all the luck, after all it’s a risk in the first place.
But the ability to calculate a risk makes us smart by human definition except you are an adrenalin conscious person who loves taking risk for fun at the detriment of your resources.
I was told initially that an SMS was sent to there customers that Payment for Week 19 will start on August 1, 2007 but today they come up with another SMS that Payment starts on August 27,2007 for Week 19 and only 50% of return. August 27, has come and gone and now we deal with the fact that there office is closed till further notice.
Using the recent issues with CBN, EFCC and SEC as an excuse is inappropriate while the other Wonder Banks who have reviewed there rates have been at least consistent. To believe the reduction will not affect the customers is a lie when everybody has planned individually on how you intend to use your returns.
Bear it in mind that Wealth Solution wasn’t the only company giving about 300% Returns On Investment(ROI) so reduction by 50% isn’t right, SilverTrust gives about 300% as well and they have been consistent and haven’t reduced there ROI yet. But now there ship has capsized, the same faith has fallen upon them.
Anyway, it’s a personal decision as I always. We begin to ponder and ask ourselves, is it really worth it?. Robbing Peter to pay Paul or were they really doing legitimate business. This is a question we will never know the answer. Companies like Silvertrust Interlink and Flagship Asset Management have taken bold steps at least by trying to legalize their transaction and their company status in terms of Fund Management. This is a Welcomed development.
The question that will now linger on the mind of many, is what of Sefteg Nigeria Ltd, with there executive office and the make believe, of legality of business not to talk of WealthZone based in Gbagada doing business fund management without proper document. I believe it time for us to take the right steps and make the right decision. If we are to invest with wonder banks then let us invest with wonder banks who have taken the bold step on the right track.
Written by Adeniyi AdeOnojobi

SUSPENSION OF GENESIS INVESTMENT SECURITIES LTD

The Commission has suspended Genesis Investments Securities Limited, a stock-broking company, from all capital market activities until further notice.
The suspension is as a result of the unauthorized sale of 400,000 units of First Bank of Nigeria Plc, 40,000 units of Cadbury Nigeria Plc and 20,027 units of African Petroleum Plc shares belonging to an investor.
The suspension which took effect from July 18, 2007, will remain in force until the investor is fully restituted.

Signed
Management
SECURITIES AND EXCHANGE COMMISSION PUBLIC NOTICE

Monday, September 10, 2007

WONDERBANKS-PROMOTERS IN CRUCIAL MEETING

Promoters of some fund management firms held a crucial meeting in Lagos on Saturday, in what an insider described as an effort to safeguard the deposits of their subscribers.

The meeting, which was said to have been informed by lack of access to their accounts in banks, reportedly centred on how to persuade the regulatory authorities to soft pedal on the issue of fund management companies scattered all over the country.

The Economic and Financial Crimes Commission and Securities and Exchange Commission had commenced an investigation of the operations of investments companies otherwise referred to as ‘wonder banks.’

Consequently, some banks were said to have withheld the accounts of some of these firms, a decision which has reportedly made it difficult for them to meet their financial obligations.

Some of them were under pressure by their subscribers who derived payment of the payment of monthly interest on their deposits with the fund management firms.

Most of the ‘wonder banks’ have since closed shop with their offices under lock and key for months now.

Depositors with Pennywise, one of the operators, with office in Demurin Street, Ketu, Lagos, who went there on Friday reportedly met the place shut. The same trend occurred at the Airport, Ikeja, office of Treasureline.

A source, who was at the Saturday meeting said chief executives of the fund management firms present were disturbed by the reluctance of banks to release their funds.

“It was obvious they have been under pressure by their customers. But since banks are acting in a funny manner as far as the accounts of these firms are concerned, it has been pretty difficult for them to pay their customers,” the source said.

Banks were said to be hiding under the Know Your Customers policy to review their business relationships with the investment firms.

A spokesperson for one of the banks, however, exonerated them from the current ordeals of the investment companies, saying that the issue was that of the regulatory authorities who insisted on sanitising the finance industry.

Manwhile, the Managing Director,Wealth Solution, Mr. Bayo Oyediran in a confirmed the readiness of the management of the investment firms to pay their investors as soon as the issues with their banks were resolved.

He also pledged to ensure that everybody was paid this due to them as soon as all the issues were resolved.
- QUOTED VERBATIM : The Punch Newspaper Posted Monday, September 10, 2007

Saturday, September 8, 2007

TREASURELINE'S LETTER TO INVESTORS

SECURITIES & EXCHANGE COMMISSION LICENSE
We are proud to announce that TREASURELINE INTERLINK LTD has been given a LETTER OF APPROVAL. This stage precedes the awarding of the license and this is first in the history of Nigeria .Due to this, a new package will be introduced soon which will comply with regulations on investments returns as laid by S.E.C & C.B.N.Treasureline Interlink Ltd has healthy relationships with several banks, government agencies and business conglomerates home and abroad which is why till date it remains the choice of the investors.With the newly acquired Nigerian Security & Exchange Commission license, Treasureline will broaden its frontiers by venturing into more sectors of trade/humanity services like, Hospitality, Health, Real estate, Printing, Manufacturing, Energy generation & distribution. Treasureline Interlink Ltd, having investments in these sectors will further ensure that its vision of even wealth distribution is achieved by empowering subscribers through the many schemes it presently operates thereby making living in Nigeria attractive and discourage the clamor for overseas visas.
QUOTED VERBATIM FROM TREASURELINE INTERLINK

Thursday, September 6, 2007

HOW WONDERBANKS CAN LEGALIZE

NEW MINIMUM PAID-UP CAPITAL FOR CAPITAL MARKET OPERATORS
S/N CATEGORY OF OPERATOR NEW MINIMUM PAID- UP CAPITAL
1 ISSUING HOUSE 2 billion
2 BROKER/DEALER 1 billion
3 TRUSTEES 40 million
4 FUND/PORTFOLIO MANAGER 500 million
5 CORPORATE INVESTMENT ADVISER 5 million
6 REGISTRARS 500 million
7 RATING AGENCY 20 million
8 CORPORATE SUB-BROKER 50 million
9 UNDERWRITER 2 billion
10 MARKET MAKER 2 billion
11 CONSULTANT (INDIVIDUAL) 500,000
12 CONSULTANT (PARTNERSHIP) 2 million
13 CONSULTANT (CORPORATE) 5 million
14 INDIVIDUAL INVESTMENT ADVISER 500,000
15 VENTURE CAPITAL MANAGER 20 million
16 COMMODITIES BROKER 40 million
17 CAPITAL TRADE POINT 20 million
18 STOCK/COMMODITIES EXCHANGE 500 million
19 CLEARING & SETTLEMENT AGENCY 1 billion
20 RECEIVING BANKER As stipulated by CBN 2 billion
NOTE:FLAGSHIP ASSET MANAGEMENT LTD APPLIED FOR CORPORATE INVESTMENT ADVISER(5MILLION NAIRA) & TREASURELINE INTERLINK LTD APPLIED FOR FUND MANAGER(500 MILLION NAIRA) .BOTH OF THEM ARE ON SEC'S LIST OF INTENDING MARKET OPERATOR.
WRITTEN BY ADENIYI ADEONOJOBI

WARNING ON NMF BANK PRIVATE PLACEMENT

SECURITIES AND EXCHANGE COMMISSION

PUBLIC NOTICE


PRIVATE PLACEMENT ISSUE OF 80 MILLION ORDINARY SHARES OF NOMEX MICRO FINANCE BANK LIMITED

This is to inform the general public that the private placement issue of 80 million ordinary shares of N1.00 each at N1.50 per share by Nomex Micro Finance Bank Limited has not been endorsed by us, as it does not fall within the regulatory authority of the Securities and Exchange Commission (SEC) being a private placement by a private limited liability company. The Commission regulates only private placements by public limited liability companies.

The investing public is hereby advised that any investment in the offer is entirely at the investors’ risk. Please note.



Management

Wednesday, September 5, 2007

WEALTH SOLUTION PUBLIC NOTICE

This was published on Nigerian Tribune,Friday 31 August,2007
This is to thank all our subcribers for keeping faith with us and for the infinite trust they have in the ability of Wealth Solution Ltd to productively manage funds. We assure them that we will never disappoint them. For now,we wish to formally announce the temporary suspension of all our activities.
The main reason for this is the on-going probe of our activities by regulatory authorities. Our offices will remain closed to subscribers during this time.This,we believe,will hasten the exercise and ensure thoroughness. We implore our subcribers to discountenance what romour mongers are saying.
We are serious investors and we do not have any plan to runaway with funds belonging to our subscribers. These funds were placed with us on trust. We do not intend to betray this trust. It is therefore imperative that our subscribers should exercise some patience. We are still committed to the upliftment of the quality of lives of Nigerians despite all odds. We pledge to be back stronger shortly by God's grace.
We surely shall keep them posted as events unfold.

Thanks.
Signed
Management

Monday, September 3, 2007

PYRAMIDS OF FORTUNE

TWO TYPES OF PYRAMIDS
There are two types of pyramid schemes: one legitimate and the other illegitimate.
legal pyramids
The legitimate pyramid structure is often called a multi level marketing (MLM) organization. Its primary purpose of an MLM is to sell a product. There are many successful MLMs which sell encyclopaedias, soaps and cosmetics, among other items.. The return or earnings to the upper levels of the pyramid are from both the sale of the product and the recruiting of new salespersons. The return is generated from both one's own commission sales and also the commissions on sales of those one recruits.
Illegal Pyramids
In an illegitimate pyramid, the primary return to the upper level individuals is from recruiting of new levels rather than from the sale of a product. In this structure, the return is derived from recruiting others and not from commissions on the sale of any product. The illegitimate pyramid is often referred to as a Ponzi scheme, named after Charles Ponzi, an immigrant to Boston in 1919.
Ponzi Traded in Postage Stamps
Ponzi traded in pre paid postage coupons. He would purchase low rate coupons … and then sell them at a profit ... Desiring to leverage his own purchasing power, he solicited funds from investors, promising them a 40% return in three months. Unfortunately, there were not enough coupons in existence to support his large scale purchases. However, he continued to solicit and receive orders. Ponzi paid some of the investors their promised 40% return from funds collected from later investors. The scheme was perpetuated by the success stories of the payments to the original investors. According to the records, Ponzi made an investment of $50 of his own funds and fleeced $10 million from investors.
Robbing Peter to Pay Paul
The distinguishing feature of a Ponzi type pyramid is that old victims are paid back with funds received from new victims. As long as the fraud continues to grow, the investors are not usually aware that their money has been misappropriated. Most Ponzi schemes are uncovered when new "investors" can no longer be located. All Ponzi schemes, therefore, are pyramids. But not all pyramids are Ponzi schemes.
Entry Fees
Another distinction between legitimate and illegitimate pyramids is the entry fee. In a legitimate pyramid, the entry fee is generally small and used for acquiring a stock of inventory to be sold. In an illegitimate pyramid, however, the entry fees tend to be large and these fees are, in part, passed on to the recruiter.
The Return on Investment
A third difference between the two types of pyramids is the return one can expect. If it appears to be a "get rich quick" scheme, it probably is not legitimate. Abnormally high yields or returns for the amount of effort required is a tell tale sign of an illegitimate pyramid. In these cases, the sales pitch to the unsuspecting victim is that he will earn large amounts without much effort; all he has to do is recruit others to the program.
Golden Rules
The golden rules of illegitimate pyramids are as follows:
1. If it sounds too good to be true, it probably is.
2. Does the investment return sound better than what is offered in the marketplace?
3. Is the investor encouraged to reinvest the profits rather than take a payout?
4. The focus is on recruiting others, not the sale of a product.
5. Who endorsed the product, not the investment return?
6. The entry fee is large and no product (or little inventory) is received.
Generally, illegal pyramid schemes collapse of their own weight. The schemes often are not reported and, therefore, not prosecuted because individuals are embarrassed to admit that they were fleeced by a con artist. The illegitimate recruiter can be anyone: a friend, relative, neighbour, work peer, church member, or someone not known.
ADAPTED FROM MARK R. SIMMONS' PONZI SCHEME

THE TRUTH ABOUT DOUBLERS

In 1919 Charles Ponzi invited business men and women to invest in his business and promised to double their money. Returns were guaranteed. Charles Ponzi recruited new investors and used their funds to pay earlier investors. Unsustainable, the business eventually collapsed leaving a great number of people with nothing to show for the funds they had committed.
Charles Ponzi was imprisoned and from that day, scams that mimicked this approach became known as ‘ponzi schemes’.In more recent times, many of these types of schemes go by the name of ‘Doublers’, ‘Triplers’, 'Bubbles', 'Cyclers', 'Gifting' and other variations. When this article uses the term ‘Doubler’ it is referring to a scheme that operates in the same way as a ‘ponzi’ scheme.
However, this article is not suggesting that all schemes including the name ‘Doubler’ are ponzi schemes.If you have joined, or are considering joining, a money doubler program, study it carefully to see if it operates as a ponzi scheme.Some ponzi schemes provide you with a product or service in exchange for your investment in a bid to achieve the appearance of legitimacy.
Don’t be fooled! If a program promises all investors a complete return on their investment without limiting the number of applicants, this program is almost certain to collapse.Legitimate enterprises will limit the number of investors or require members to achieve their own sales. A legitimate enterprise will never guarantee a profit.
Illegal
The laws of the country you live in may prohibit running, or investing in, a ponzi scheme. Owning a ponzi scheme, investing in a ponzi scheme or permitting a ponzi scheme to be promoted through your website or advertising network, may be illegal.Remember, ponzi schemes rarely use the word ‘ponzi’ in their name. ‘Doubler’, ‘Tripler’, ‘Cycler’ are all common euphemisms for this kind of operation. Before investing in any program, examine it carefully to see how income will be generated.If you knowingly involve yourself with a ponzi scheme, you run the risk of losing your investment, damaging your reputation, or even legal action.
Immoral
The modern Internet Marketer may well be familiar with Doubler programs and how they operate.Some Internet Marketers have written ill-advised articles that demonstrate the best way to profit from money doubler programs without losing your investment. Usually this runs along the lines of ‘join a program early and withdraw your funds before the program collapses’, effectively using Doublers as a form of gambling.Putting aside the obvious financial risks of such an approach, this view selfishly ignores the large number of people who will lose their investment from the program.When a Doubler program collapses, everyone who invested last loses their investment. In some cases this can affect hundreds or even thousands of people. Sadly, many of these will assume that it was the individual program, rather than the concept, that was to blame and will try again with a new program.It doesn’t take a mathematical genius to work out that if you put any number in a calculator and multiply the result by 2 over and over, the number grows exponentially. Even the most avidly promoted Doubler will collapse when the number of new investors required to sustain the program becomes unachievable.If you are tempted to speculate on these programs, please remember this one important point:
The money you receive comes ultimately from the people that lose their investment
And, unlike gambling, many of these people were unaware that their investment was at risk.If you involve yourself with a Doubler program with full knowledge of how they work, you are giving your approval to a fraudulent operation that is tantamount to theft. Would you steal your neighbours television set because they accidentally left their front door unlocked? Would you knowingly purchase stolen goods?If your answer is ‘Yes’ then this article probably means nothing to you. If the answer is ‘No’ then ask yourself why you would give your approval to a Doubler program. If you are intelligent enough to understand how Doublers work, you are intelligent enough to make an honest income online. Build your own website. Provide an online service. Sell affiliate products. There are a vast number of legitimate business opportunities available to you without resorting to the underhand tactics used by operators of Doubler programs.If this article can persuade even a few people to leave these programs alone, then it will have been worthwhile.
THIS POST ARE OPINIONS OF THE AUTHOR DAVID CONGREAVE

FAMOUS LETTER OF DR. DOUGLAS JACKSON TO EGOLD USERS

e-gold has recently been the subject of a slanderous and unfounded article in Business Week. e-gold strongly refutes the allegations and presumptions of this article. The article chose to focus through anecdote and suspicion only on an exception - criminal abuse - and ignores the overwhelming majority of e-gold usage.
It also fails to note that all online payment mechanisms including credit cards and intermediaries such as PayPal are targeted by criminals, likely at a much greater magnitude than e-gold, and fails to relate the very proactive steps e-gold takes to eliminate any criminal behavior involving e-gold.e-gold and its Operator, Gold & Silver Reserve (G&SR), including G&SR's exchange service OmniPay in cooperation with the United States Government and pursuant to a lawfully issued written request, did allow an examination of the e-gold and OmniPay computer systems and data. The examination occurred on December 16th after normal business hours so as to avoid disrupting access to the system. The examination utilized the full resources of e-gold's system and prevented customer access.
We were told by the government examiners that the outage would be for a few hours, however, due to the volume of data maintained by e-gold for its customers' protection, a surprise to the examiners, the examination occupied e-gold's computing capacity for 36 hours. e-gold apologizes for any inconvenience of the system down time caused by the government's request. No charges have been filed against e-gold, G&SR, OmniPay or any of its principals.e-gold operates legally and does not condone persons attempting to use e-gold for criminal activity. e-gold has a long history of cooperation with law enforcement agencies in the US and worldwide, providing data and investigative assistance in response to lawful requests. I'm proud of what we have accomplished so far with e-gold. e-gold, now in its 10th year online, is growing exponentially because of a network effect, a global cascade of Users telling their friends who then tell their friends. For the first time since our launch in 1996, this growth is providing the revenue and resources needed for e-gold to accelerate technical development and other refinements to make it more reliable and even less hospitable to those who would seek to abuse it. We are processing the same volume of transactions and growing at the same exponential pace that PayPal was in the second quarter of 2000.
One difference, though, is that they had to give away $tens of millions of their investors' money to build a critical mass of user balances and were continuing a burn rate of about $10 million per month during this period. Altogether they burned through about $275 million of capital losses before their IPO.e-gold, in contrast, lacking significant outside investment:has attained a circulation larger than Canada 's official gold reserves (currently 3.46 metric tonnes of gold, equivalent to about $55 million at current exchange rates). has web traffic surpassing etrade.com and citi.com and is neck and neck with kitco.com as the most heavily trafficked gold related site on the Web settles 50 to 60 thousand user-to-user payments per day, a daily value of about $10 million has active Users in every country, (including more than 150,000 in China ) despite our lack so far of foreign language versions - a high priority on our to-do list e-gold is the only payment mechanism that is truly global, enabling any merchant to accept payment online even if the payer lives in a third world country, has no credit card, or is perhaps 'unbanked' altogether.e-gold enables the migrant worker of modest means to send value back to his family in Mexico or Bangladesh at a fraction of the cost of conventional international remittance mechanisms. e-gold alone is free of chargeback risk, yet the fee for receiving payment in e-gold is a tiny fraction of those charged by any other systems.
Thanks to e-gold, for the first time in history, normal people of modest means worldwide have the option of using currency that is designed from the ground up to be immune to debasement, with a governance model that precludes even its management and founders from having the power to subvert it.Gold & Silver Reserve has been operating for over nine years. Seeking to comply with every applicable law, G&SR has reached out to the Government dozens of times, has repeatedly met with officials from the Internal Revenue Service, the FBI, SEC and a variety of other Federal agencies, and has been told – in no uncertain terms – that we were operating legally and in full compliance with all laws, rules and regulations. Additionally, the Government has requested from us – on more than three hundred occasions – information regarding individuals it believed to be lawbreakers. Gold & Silver Reserve complied with every single request in a professional and timely fashion. Numerous Government officials have gone so far as to commend us in writing for our efforts in complying with their requests and aiding them in their investigations.
Very recently, however, the Government concluded that it was unable to “regulate” our business under any current statutes or regulations. Rather than moving Congress to enact legislation, the Government apparently chose to undertake to regulate us under pre-existing statutes which are totally and utterly inapplicable to our business. To do so, the case the Government brought against Gold & Silver Reserve centered around false statements and fabrications made to a Magistrate Judge in Washington , D.C. A week later, when challenged by that Judge, the Government, fearing it would lose its case filed a second suit against Gold & Silver Reserve. We are now addressing that action and are confident that we will be victorious in a very short time. Both OmniPay and e-gold have been substantially harmed. Both sites were off-line altogether for 36 hours - an interval during which we were at a loss to know what to announce or even how to announce it.
There were other direct interventions as well that I am not yet at liberty to discuss that nearly crippled OmniPay's ability to honor its obligations to and on behalf of users. The worst effect of course is on our reputation. This irresponsible smear piece will surely impair our efforts to build strategic relationships with the host of businesses and individuals that would benefit from an embrace of e-gold. Let me be very clear. e-gold in no manner condones persons or organizations attempting to use e-gold to support criminal acts. The exact opposite is true. e-gold limits accounts that are suspect of illicit activity and has a long history of cooperation with law enforcement agencies.
There are two elements that make e-gold about the dumbest choice a criminal could make if seeking to obfuscate a money trail or otherwise hide the proceeds of crime.it is impossible for a general user of e-gold to send/add money (value in any form) into the system... he can only get e-gold by receiving an e-gold Spend from someone who already has some. there's a permanent record of all transfers, that is, a permanent record of the entire lineage of every particle of value in the e-gold system. There is nothing "anonymous and untraceable" about e-gold. e-gold Spends settle by book entry - it isn't so-called "digital cash".e-gold is not about crime. e-gold is not a hospitable environment for criminals. e-gold maintains an efficient and highly capable investigative staff to aid in the identification, apprehension and prosecution of any criminal abusing the system. Our staff has participated in hundreds of investigations supporting the FBI, FTC, IRS, DEA, SEC, USPS, and others.
This is the reality of every payment system, the need to aid in rooting out criminal abuse, whether it is child pornographers taking advantage of the multiple layers and indirection of credit card middlemen, or smurfs aggregating cash via international remittance processors or even state lotteries.e-gold has taken a proactive approach, reaching out to law enforcement agencies and NGO's (Non-Governmental Organization) to foster closer cooperation in combating crime online. For example, e-gold is a charter member of the Financial Coalition to eradicate Child Pornography, organized by the National Center for Missing and Exploited Children, along with Visa, MasterCard, Microsoft, AOL, PayPal, First Data and some of the major banks. I hope to have additional and useful facts shortly and will communicate them when appropriate. I can assure you e-gold is up and running, supporting its customers, and continuing to grow.
Dr. Douglas Jackson.

Wednesday, August 29, 2007

FOREX TRADING ROBOT

Automated Trading Robot are generally designed to trade daily when market opens. A day trading robot trades 24HRS daily making use of trading algorithms designed by top ranked traders and forex manager. Automatic forex is the ability to trade forex with this trading robot without humans to physically trade a forex system. This Robotic system started not long ago but its much debated for reliability.
ADVANTAGES OF FOREX TRADING ROBOT
It trades and manages your account without human interference, as such you don’t have to trade physically in the system which will not improve your performance
it can trade anytime both day and night when an average person might be sleeping, that is 24HRS a day.
In most cases, they are designed to trade currencies(major) pairs on short term basis each day.
It uses highly advance trading algorithms which is unaffected by traders psychology which can sometimes cause a system not to be traded properly
It’s a way to diversify your time to other investment like stock, bonds, mutual funds and real estate.
NOTE: You are aware, with either active trading or automated trading, that you must monitor the performance to see that the system is still working as well as its past performance.

Tuesday, August 28, 2007

GETAWAY CLUB SPOOF MAIL

Due to the present success of Getaway club internationally, there is spasm email been circulated to member by fraudster thereby requesting member to enter their details and password. All getaway Club member are herby warned to avoid giving relevant information to spoof email circulation.
The only valid domain name for Getaway Club is http://www.getawayclub.net/ so in case you see a similar domain name with dot com or dot org, be careful so as not to be a victim.
Always endevour to check the domain name before entering your information.
COPY OF THE SPOOF MAIL BELOW:
Dear members,
Your account has been randomly flagged in our system as a part of our routine security measures. This is a must to ensure that only you have access and use of your Getaway Club and to ensure a safe Getaway Club experience. We require all flagged accounts to verify their information on file with us. This is the right link for update account page after you verify your information, your account shall be returned to good standing and you will continue to have full use of your account. Please note that if you don't verify your ownership of account in 2 x 24 hours we will block/ suspend your Getaway Club.
Thanks,

Getaway Club
12th Floor, Ruttonjee House
11 Duddell Street
Central Hong Kong
Note that if you have entered any of your information’s like password into any unauthorized Getaway Club website, endeavour to change it now.
WRITTEN BY ADENIYI ADEONOJOBI

Monday, August 27, 2007

WEALTH SOLUTION STARTS WEEK 19 PAYOFF TODAY

Wealth Solution Ltd, a company ruptured with many controversies over the past few months due to irregularities in their week. This issue became so bad that investors started storming the office in Lagos to the extent that it had to be closed down the office after several attempt to keep the office funtional with police effort. Many of the investors of Wealth Solution have already lost hope with intentions that, it is wonder bank gone broke. We hope that the Managing Director, Wealth Solutions Limited, Mr. Bayo Oyediran won't disappoint investors this time.
Today, Wealth Solution has commenced payment for the long awaited week 19 after months of non payment to investors. I believe they are finally able to keep there word as regards August 27, 2007.The payment is 50% of payoff expected by investor as they earlier stated.
Information gathered from reliable source is that the office in Lagos will not be re-opened but payment will be made from the Wealth Solution office in Ibadan,Oyo State(Head Office) to avoid the delay in transfer of fund.
Now,week 19 investors have a reason to smile for the long overdue payoff....Adeniyi AdeOnojobi

Friday, August 24, 2007

LIVE CHAT WITH FXSOL REPRESENTATIVE

BASED ON INFORMATION GATHERED THAT FX SOLUTION HAS BARRED TRADING BY NIGERIAN,I DECIDED TO VALIDATE THE AUTHENCITY OF THIS INFORMATION.
SPECUALATION WAS THAT NIGERIA WAS BARRED DUE TO THE CLAIMS BY WONDER BANKS THAT,THEY ARE INVESTING IN FOREX.MY DISCUSSION WITH FXSOL LIVE CHAT ON 23 AUGUST, 2007 BETWEEN 7:55PM - 8:05PM(NIGERIAN TIME +1GMT)

Please wait for a site operator to respond.
You are now chatting with 'Luke'
Luke: Welcome to the FX Solutions on line chat service. How may I assist you?
adeniyi adeonojobi: i am a nigerian interested in fxsol but i cant find my country listed among the countries
Luke: yeah, unfortunately we are no longer accepting applications from Nigeria
Luke: I apologize for the inconvenience
adeniyi adeonojobi: may i know the reason please
Luke: FX Solutions, to help protect the citizens of Nigeria from fraudulent schemes, will no longer be accepting account applications from Nigeria. FX Solutions is taking this action as the company has noticed a rapid increase in instances of fraud that promise unrealistic expectations in foreign exchange trading, while specifically targeting Nigerian citizens. Nigerian citizens should be aware that there are risks associated with all trading, and there is no methodology that can eliminate risk or guarantee perfomance.
adeniyi adeonojobi: i am aware of this risk and i have undergone proper tutorials prior to now
Luke: I am very sorry Adeniyi
Luke: I wish there was something I could do for you
adeniyi adeonojobi: i await your response,how do i go about registering for forex trading since its due to my being cautious that i have opted to trade in a reputable institution like yours to avert being a victim of forex scams
Luke: please may I have your email address?
adeniyi adeonojobi: babalosetemi@yahoo.com
Luke: ok I will send you some more information ok sir?
adeniyi adeonojobi: thanks
Luke: sorry once again for the unfortunate news
adeniyi adeonojobi: i hold nothing against you.it must be a new policy of your company
Luke: it is, as of about 2 weeks ago
adeniyi adeonojobi: when will this issue be resolved so i can trade with fxsol
Luke: as of right now I was told it is a permanent decision
adeniyi adeonojobi: thanks for the information
Luke: I learned a little from my Nigerian customers, o dabo
adeniyi adeonojobi: o dabo too then and i hope one day you will get to know that the average Nigerian citizen is a very transparent person and will never partake in fraud.Have a nice day
Luke: thank you Adeniyi
adeniyi adeonojobi: its just unfortunate that your companies perspective of my country is negative but you should be aware that i come from a very noble country and i am proud to be a Nigerian
Luke: I would be as well, Olorun ama ran e lowo
Luke: FX Solutions would like to thank you for your time. Good-bye.


THIS IS THE MAIL I GOT IN MY EMAIL BOX FROM THE FXSOL REPRESENTATIVE

Dear Adeniyi,

I'm sorry for the unfortunate news aburo mi. I will do everything I can to help you. Take a look at the following links:
http://www.forexbastards.com/
http://www.fxstreet.com/
"Ki iburuburu ko ma ku enikan mo ni, eni ti yio ku ni a o mo ti yio ku ni a o mo"
Hopefully this is of assitance to you.

Please feel free to contact me anytime with any additional questions or concerns that you may have. It will be my pleasure to assist you in any way that I can.
I look forward to hearing back from you soon.
Have a great day!!!


Luke Dworaczyk
FX Solutions LLC

Saddle River Executive Center
One Rt. 17 South,
Suite 260 Saddle River,
NJ 07458
Telephone: 201-345-2210 Ext. 12245
Toll Free: 1-800-969-8365 Ext.12245

FAX: (201) 345-2211
LukeD@FXSol.com

THE QUESTION:HOW DID THE LIVE CHAT REPRESENTATIVE OF FXSOL UNDERSTAND YORUBA(TRIBAL LANGUAGE OF WESTERN NIGERIA),WHAT DO YOU THINK?
WRITTEN BY ADENIYI ADEONOJOBI

LETTER FROM FXSOL TO PROSPECTIVE NIGERIAN INVESTOR

Dear Trader,
Thank you for registering for a practice account. However, FX Solutions, in an effort to help protect the citizens of Nigeria from fraudulent schemes, is no longer accepting live trading account applications from Nigeria.
FX Solutions is taking this action as the company has noticed a rapid increase in instances of fraud that promise unrealistic expectations in foreign exchange trading, while specifically targeting Nigerian citizens. Nigerian citizens should be aware that there are risks associated with all trading, and there is no methodology that can eliminate risk or guarantee performance.
If you are still interested in trading foreign exchange, please consider opening a practice account with another broker.
Regards,
FX Solutions

Thursday, August 23, 2007

NIGERIAN STOCKBROKERS APPROVED BY SEC

It has become apparent that wonder bank investors should be aware of the list of Stockbrokers approved by SEC .Below are the names and links to the stockbrokers and fund managers.

Adonai Stockbrokers Limited
Afrinvest West Africa(formerly Sectrust)
Ail Securities Limited
Alliance Capital Management Company Limited
Amyn Investments Limited
Anchoria Investment and Securities Limited
APT Securities & Funds Limited
Belfry Investment and Securities Limited
Bestworth Assets & Trust Limited
BGL Securities Limited
Calyx Securities Limited
Camry Securities Limited
Capital Express Securities Limited
Capital Assets Limited
Capital Bancorp Limited
Capital Trust Brokers Limited
Cashcraft Asset Management Limited
Cashville Investment & Securities Limited
Century Securities Limited
City-Code Trust Limited
Clearview Investment Company Limited
Consolidated Investments Limited
Core Trust and Investment Limited
Crossworld Securities Limited
CSL Stockbrokers Limited
Davandy Finance & Securities Limited
De-Canon Investment Limited
Delords Securities Limited
Denham Management Limited
Dependable Securities Limited
Dominion Trust Limited
Dynamic Portfolio Limited
Empire Securities Limited
ESL Securities Limited
Eurocomm Securities Limited
F & C Securities Limited
FSDH Securities Limited(formerly Counters Trust)
Falcon Securities Limited
Fidelity Union Securities Limited
First Stockbrokers Limited
FIS Securities Limited
Fittco Securities Limited
Foresight Securities & Investment Limited
Forte Asset Management Limited
Forthright Securities & Investments Limited
Fountain Securities Limited
Future View Securities Limited
Greenwich Trust Limited
GTI Capital Limited
Heartbeat Investments Limited
Horizon Stockbrokers Limited
IBTC Asset Management Limited
ICMG Securities Limited
Icon Stockbrokers Limited
Independent Securities Limited
Intercontinental Securities Limited
International Standard Securities Limited
LB Securities Limited
Lead Capital Limited
Lighthouse Asset Management Limited
Magnartis Finance and Investment Limited
Maninvest Asset Management Limited
Marina Securities Limited
Maxifund Investments & Securities Limited
Mayfield Investments Limited
MBC Securities Limited
Mega Equities Limited
Meristem Securities Limited(formerly Great Africa Securities)
Mission Securities Limited
Mountain Investments and Securities Ltd
Mutual Alliance Investments and Securities Limited
Newdevco Finance Services Co. Limited
Nigerian Stockbrokers Limited
Omas Investments & Trust Company Limited
Options Securities Limited
Partnership Investment Company Limited
Pilot Securities Limited (Pilot Finance)
PIPC Securities Limited
Pivot Trust and Investment Company Limited
Professional Stockbrokers Limited
Profund Securities Limited
Prominent Securities Limited
PSI Securities Limited
Reward Investments and Services Limited
Rostrum Investment & Securities Limited
SanTrust Securities Ltd
Securities Solutions Limited
Security Swaps Limited
Shalom Investment & Securities Transactions Limited
Signet Investments & Securities Limited
Solid-Rock Securities & Investment Limited
Springboard Trust & Investment Limited
Stanwal Securities Limited
Strategy & Arbitrage Limited
Summa Guaranty & Trust Co. Plc
Summit Finance Company Limited
Tiddo Securities Limited
Topmost Finance and Investments Limited
TransAfrica Financial Services Limited(formerly Trust & Financial Services Limited)
Trusthouse Investments Limited
Trust Yields Securities Limited
TRW Stockbrokers Limited
Union Capital Markets Limited
Valmon Securities Limited
Valueline Securities & Investments Limited
Vetiva Capital Management Limited
Wizetrade Capital & Asset Management Limited
Yobe Investment Company Limited
Zenith Securities Ltd
A.A.A. Stockbrokers Limited
Adamawa Securities Limited
Allbond Investments Limited
Altrade Securities Limited
Apex Securities Limited
Asset Plus Securities Limited
Beachgrove Securities & Investments Co. Limited
Beaver Securities Limited,
Bestlink Investment Limited
BFCL Assets & Securities Limited
BIC Securities Limited
BSD Securities Limited
Centre-Point Investments Limited
Colvia Securities Limited
Cooper Fleming Stockbrokers Limited
Crane Securities Limited
Dakal Services Limited
DBSL Securities Limited
Emi Capital Resources Limited
Enterprise Stockbrokers Plc
Epic Investment Trust Limited
Equator Finance & Securities Limited
Excel Securities Limited
Express Portfolio Services Limited
Fidelity Finance Company Limited
Financial Trust Company Nigeria Limited
Finmal Finance Company Limited
First Atlantic Securities Limited
First Equity Securities Limited
Floodgate Finance & Securities Limited
Folu Securities Limited
General Securities & Finance Company Limited
Genesis Securities And Investment Limited
Gidauniya Investment & Securities Limited
Global Asset Management (Nig.) Limited
Golden Securities Limited
Hamilton Hammer & Company Limited
Heritage Investment & Securities Limited
Hillcrest Securities Limited
IB Finance & Securities Limited
IBN Securities Limited
Integrated Trust and Investments Limited
Intermediate Capital Group Limited
International Capital Securities Limited
Interstate Securities Limited
Investors & Trust Company Limited
Jamkol Investments Limited
Kinley Securities Limited
Kundila Finance Services Limited
Laksworth Investments & Securities Limited
LION STOCKBROKERS LIMITED
LMB Stockbrokers Limited
Lombard Securities Limited
Lynac Securities Limited
M. L. Securities Limited
MACLAIZE Trust & Securities Co. Ltd
Mainland Trust Limited
Marriot Securities & Investment Co. Limited
Mercov Securities Limited
Midas Stockbrokers Limited
Midlands Investment & Trust Co. Limited
Molten Trust Limited
Monument Securities and Finance Limited
Networth Securities & Finance Limited
Niche Securities Limited
Nigerian International Securities Limited