PLACING OF CAUTION ON STOCKS BELONGING TO THE DIRECTORS AND PRINCIPAL OFFICERS OF ILLEGAL FUNDS MANAGERS
The Commission has directed all Registrars and the Central Securities Clearing Systems Ltd (CSCS) to place caution on the shares belonging to all the illegal Funds Managers (Wonder Banks) as well as the shares of their directors and principal managers in all quoted companies.
The caution on the accounts will remain in force until the conclusion of the matter which is pending before the Investments and Securities Tribunal (IST).
This action by the Commission is to safeguard the interest of clients of these illegal operators.
This information is supplied by Securities and Exchange Commission
Friday, June 6, 2008
SEFTEG IN LIQUIDATION
LIQUIDATION OF SEFTEG NIGERIA COMPANY LTD
Based on filed suit number FHC//L/CP/1133/2007 in Federal Lagos High Court against Sefteg Nigeria Ltd ,the presiding judge, Honorable Justice P.A. Olayiwola on 4th of Febuary 2008 appointed Ijewere & Co.(A Tax Consultant /Chartered Accountant Firm) as Liquidator of the investment of Sefteg Nigeria Ltd.
Information gathered from Ijewere & Co. is that ,the defunct Sefteg Nigeria Ltd had lots of investment in Capital market like Stocks and Properties and have advised all creditors (Investors as at the time the company was functional) to come to there office in No. 106/110, Lewis Street, Lagos-Island.Lagos-State with the following documents or send it by post to P.O.Box 8713 Lagos.Nigeria or send it by email to sefteg@ijewere.com :
· Names, addresses (postal/residential and e-mail) and Telephone numbers of investors
· Copy of passport page of international passport, drivers’ license or national ID Card
· Photocopies of Deposit slips used to make payment.
· Evidence of next of kin presented to and recorded by the Sefteg Nigeria Limited.
· Evidence of all payments received from Sefteg Nigeria Limited to date
If you have not heard of this information then it’s better late than never.
Written by: Adeniyi Olubiyi AdeOnojobi
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
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
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.
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
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
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.
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.
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