While growing up, I watched a lot of comedy programs. I enjoyed them so much I can tell the stories of quite a number of them. My father had gone for his masters in the US in 1986, when he returned, he had recorded hours on end of films, comedies and musicals. I loved the comedies, I still do. I watched different strokes, gimme a break, the Jeffersons, three’s company, Sanford and Son, Bill Cosby Show, just to mention a few. I’m sure I’m bringing back some memories already
Last week, when this site was down, I gained inspiration from remembering a phrase from one of those comedies. I told a friend that this phrase was going to be the title of my next article. The site was down, I got so busy, I forgot, until yesterday when I got to hear rumours that a number of HYIPs accounts had been frozen. A friend sent me a letter with EFCC letterhead reportedly written by EFCC to Nigerian International Bank. The letter was a stop order notice for the accounts of Sefteg Investments, Nospetco, Treasureline, Wealth Solutions, Wealth Zone, Greenminds and Flagship pending investigations.
Some banks have started reacting to this stop order, and I feel strongly, that it is good that you know. I expect that one or more of this will scale through the investigations successfully, but I can’t say for most. I guess I have shared my thoughts on some of these, and we have an idea where things might lead.
The story I actually remembered was one from a Sanford and Son episode. In this episode, Lemond – the son, was hanging out with the wrong guys, he was playing poker with them and staking his money for bigger returns. His father called him and told him, that a fool and his money are soon parted. That when you have money, and you don’t seek for information, knowledge, and wisdom before going to market with it, it will go.
For all those that listened and invested only what they could loose, congrats! For those of you that invested what you borrowed, I hope you are not on a gliding path to loosing your jobs. Hopefully the investigations will not sink where you invested your money. And if it does, hope they will be able to pay at least a percentage of money invested. Pray!
Nobody is above scrutiny. We can only all make sure that we all make sure we are doing verifiable things. I won’t be surprised if the name of our investment club also surfaces, we have assurances from our lawyers that we are not violating any law in running an investment club. Our other guaranteed service is also anchored directly on a partner that has been cleared. We’ll only need to work to ensure that we are remain above board.
No matter what you are investing in, or where you put your money, ensure you spend time developing yourself. He that gets gear before he gets wit, is but a short time the master of it. Ensure that your wisdom matches your worth, else it won’t be long before you become a has been. I know of miners who have made millions within a lucky break, and had gone back to begging for money. Let’s learn, lets grow. Failure is not final, success is never ending. We loose some, we win some, but we don’t allow the ones that we loose debar us from the ones we might win.
I wish you all the best in the weeks ahead. I’ll let you know as soon as I hear verifiable information.
I believe it is just another trash because when you look at the so called letter from the EFCC, there is no single contact address talk less of telephone number where they could be reached. I have just received my pay for March from NOSPECTCO though nothing yet on my Flagship that was on Tuesday the 24/4/07, hope to check on Monday because a colleague of mine has gotten hers from Flagship. All that I’m saying is that only invest what you can afford to loose. RELAX ALL IS WELL depending on where your investment is.
@All,
Thanks for the vote of confidence, I’m having a meeting with one of our technical people today, our investment club has been exclusive, we ensure we relate with people we want to be able to call friends. I’m really considering making it really exclusive.
Deolu,
Please keep up the goodwork! No matter what one does, there will always be two sets of people -to boo or to cheer. Jesus faced same so do not expect something different. However, that should not make you stop being a blessing to many. Jesus did not stop visiting the likes of Zaccheus because people talked neither did he stop driving out devil b/c he was acused of using evil spirit to do so. You have a purpose which you are already fulfilling and none can stop it except you.
You are a blessing to many of us. Maintain your focus.
@ All,
Grapevine has it that Nospetco has been fully cleared by EFCC.
If every1 keeps commenting who does the investigation? I appreciate what Deolu is doing but all the same can any1 verify these allegations. I was at wealthsolution office and they are paying those that are qualified for payment,if their accounts are freezed, where did they get money to pay?
Hello everyone, I must give kudos to the originator of this site who I believe has a good intention in providing and sharing information. Though what has given me a little worry is the issue of the freezing of the accounts of various HYIPs.
Can someone tell me …. how can an account be frozen yet people still pay in and get paid?
Please, anyone who has an update on these developments should be kind enough to let us all know exactly what is happening since many of us are stakeholders in many of these HYIPs.
As at today, First Bank was receiving and paying out money in one of these HYIPs.
Someone, Please bail us out of this mess.
I am hoping it is not yet another scam aimed at misleading the people.
I hope the stuff about the operations of these various HYIPs is not a coup by the banks that are not benefitting from their patronage?????
Please someone talk to me
Richy, i feel u. There is nothing in this world that is not risk prone. My biggest concern is just the way some people are going about the whole issue, trying to create panic in the heart of many. I believe that when a thing like this is happening, the so call analysts ought to exercise some restrain in order not to exacerbate the already volatile situation. investment is a game of shankee is either u win or u lose.
@All
I finally have some form of final information on this. As I write, I understand that all the accounts have been unfrozen. So guess some can quickly smile again.
I also heard a little of the background story that led to this. In summary, some of the powers that be (the rich in Nigeria) were behind instigating a the regulatory authorities to witch hunt a particular one of the lot. They were hoping I guess, that when they create this scare, the public will divest and bring them down. Some very few people in Nigeria believe that wealth is their exclusive right and inheritance, and except you belong to their click, you shouldn’t last.
I understand that no bank has the rights to freeze any clients account without a court injunction. So not all the banks complied. Also you can be sure that some of these HYIPs will not go down by regulatory bodies. Some of them have as clients, powerful people. Not necessarily financially powerful, but societally powerful.
I guess you can safely breath a sigh of relief now, but you be careful ok? Don’t gamble. But if you must, make sure loss will not destroy you.
Cheers
well done deolu….i must commend your hard work. you must appreciate that its difficult to please everyone.
i called you last week though, but never got a response, also asked for a mail no show…is there a way of getting in touch outside of the public arena for more business. my email add is dayolaj@gmail.com.
cheers
Thanks Deolu for this information. I guess many people will finally heave sighs of relief. This is also a good time to do a rethink and review your financial plans. If you’re into HYIPs, do you have a plan? Or you are just doing it for quick money? Do you have a plan B and are you investing your profits in more stable investments? HYIPs will not last forever. Minimize your risk. Invest wisely.
@Deolu, thanks for all the information passed across.
I have learnt so much about money management within just the few days of the ‘scare’.
Golden Rule: Invest what u will not faint over.
There is no zero-risk business or investment in life.
My people, proper financial planning is the way out o!
Hmm…this news about the accounts being ‘unfrozen’ is welcoming. What i hope for sha is that people will not have panicked too much and caused a glut in the funding of the HYIP as that will inevitably cause their collapse. Let’s hope for the best.
I just stumbled on this site today and i’d love to know what GFS and FMC stand for
learnt deolu is holding a seminar tomorrow on club freedom[6k4u].is it true?
if TRUE,WHERE AND WHEN?
I visited this site once before now and i think its a good idea for people to share knowledge and get information.
The issue abot the letter from EFCC should not cause panic i think people should be happy because its efcc that is involved (if true) and at worst your capital will be returned. There is no inveatment without risk and i have already forseen the threats from banks about these investments and asked SEFTEG how it hope to manage the threat. They assured me that won’t be a problem. I think we shoul do more research about investing – you’ll be amazed that the returns from these investments are just fraction of what they give and i know the returns are sustainable. I have made more than 200% from Nospetco & Flagship and i get my returns from SEFTEG. I have also made more than 100% in the stock market between January and April. I don’t know why people think the returns are too high. Having fund is the name of the game. We have been brainwashed by the banks to think that 5-10% pa is the maximum returns you can make on your capital. In real estate, my friends bought 1004 flats with just 50,000 naira for a flat that cost #25m using other people’s money. In less than a year they sold the property for #35m. Its a 50-50 chance and my take in life is to be positive and the question i asked my self is ” what if it doesnt fail?” Whatever you can conceive you can achieve.
Nospetco is going places. By the time everyone realise it, it will be too late (including all the critics) because they would have stop collecting funds from the public.
Just a quick question.
Which of these hyip has the highest return on investment?
Many thanks for ur response.
Tunde, this is CJ 4 REAL. Please, could you contact me on cj_kp1@yahoo.com. I have some enquires to make from you. Thanks.
I just want tell you guys to relax. Even if you are going to loose your money, must you also loose your health, by giving yourself hypertension. Just Relax. I believe all this will sorted out. I am happy this is happening at this stage, before many people get too deep into it. This will also help sort the wheat from the Chaff. All am trying to say you can’t solve any problem by getting worried, if it were, we would not be having much problem in our world today. This is just a wake up call to invest wisely.
Thanks deolu for getting the right info before you said anything on this HYIP/EFCC frozen account palava. I just believe some people just don’t like other people to prosper. That why they want to bring Nospetco and other down. I think what is happening is a blessing in disguise for us who are about to invest big time in nospetco. keep up the good work.
I just learnt about pennywise and my thinking is that it is too good to be true. Has any one seen someone that invested only 2500 and after nine weeks got paid his or her 125,000. If yes then the risk is worth taking becuase you have very little to loose.
I await your response on this.
Ope oh!!!!!Invest what you can afford to loose in the high risk ones, invest a bit more in the lower risk ones, invest much more in the no risk ones(like self education and development).The last few days would have been hell for me if not for the above principle. I also agree that if EFCC cleared any of these guys, then such ones are worth their sort…….truth is where your treasure is, there will your heart be…no 2 ways about it, maybe we should try put some treasure/investment in our relationships as well so as to reduce tendencies of hypertension in all these money issues……great work deolu, can’t believe we started out in life together…keep moving up man….see u at the top!!!
please does anyone know any contact person or agent of these HYIPs in abuja? pleaseeeeeeeeeeee let me know.
COULD SOME ONE ACQUIANT ME WITH THE WORKINGS OF THE HYIP CALLED ” DIVINE SUCCESS”. I LEARNT THERE OFFICE IS AT IBADAN.
@Chidi,
could u plse give me the date for dat Financial Standard where in nospecto future investment was discussed by its CEO.
Pls can someone tell me what Flagship is all about,their mode of operation, offices and all you know about them.
please does anybody know about megawealth?i heard they only require 2500 to invest and they are an mlm business
Flagship is the sister coy of nospecto.it accepts investment less than 450k.
@ All,
I stumbled on this sometimes yesterday;
http://www.proshareng.com/myproshare/portal_news.php?id=2299
See what you can make out of this and like i said earlier when this discussion started am one of the guys that was paid in the mist of all this confussion.
But i will still say there is need for guys to be careful.
See you at the top!!!
The investigations are still being conducted (according to the source) but the Stop Order has been lifted. That means all transactions can proceed as normal.
http://www.proshareng.com/myproshare/portal_news.php?id=2299
The ban has been lifted,i gather.Hope they weather the strom cos money plenty for there o!Yawa go gas well,well.
hi all
i need details about flagship, address and investment conditions. even if EFCC like let them investigate their cupboard iwill still invest, infact it gives me more confidence and protection becos EFcc involvement is for the investor protection.
so fellow nigerians let go aheard. or go back to poverty. by God’s great they will not fail. GFS is also great to invest in.
do not conceive fear or it will get to you, but as for me i will make it very well.
bdian
@josh
pls tell me more about this 6k4you thing. how does it work. i want to sig under you but i need to know how to market it . my nos 08034929991
bdian
Sefteg credited my account last week friday: 4th may. All is well guys.
please can u guys enlighten me about flagship.
after reading some comments on your site, i find it very interesting that most nigerian are still not educated enough concerning investment on how to invest, what to invest in, where to get acquire investment know how and what facilities they can invest in(in terms of amount to invest, probably with at little as =N=1,000.00)
@bdan,
I will call you.
Hi my fellow Nigerians,my advice for you all is to please and please don”t allow some misterious idiots to deceive us with our hard earned money,these companies exists for real and they are paying people in return,but am sure their purpose is just to get to their investment capital target and after that they will now increase their minimum/initial subcribers fees to about #200,000.00 each which will not be affordable by the poor ones in the country.
Secondly,they are still waiting on some big men or any group of company that will invest close to 400 million naira then they will all liquidate instantly,i know for sure that this very opportunity will favour some people and make some people to have sudden stroke at early age aswell,as for me i invested what i can afford to loose for a trial and not willing to proceed even if am paid.
Please Nigerian lets think before doing anything.
People uses banana to catch monkey before when it was a fool but now no one can use it to catch monkey any longer because they r all wise,so lets apply this to our daily activities.thanks from seyi Audi Ogba Aguda
Hi All….
News in Brief……
Cash Seed reduced their payment….(One slot/N2500 payoff N17,000 in 6 weeks). Excuses/alibi is SEC not happy with big payoff, youth will no longer work.
My Observation….Raising fund for CBN
Pennywise ..paying off week 14 (forever) to start week 15 on Monday 11th june. No longer use Intercontinental. Fat Cheque given back to Pennywise on monday .
OPen Gate is a real deal…superb set Up, Delivering promises as long as investors dont invest too large sum. professional team#
WealthSpinner relauch(fantastic OptionZ).. Join while early…will compete with wealth solution for long. Great MD.
Successpoint….Just realised their admin errors last week,…..all house in order now…fully computerised admin set up….Jury is still out in few weeks to tell
Wealth solution and Treasureline….Nothing stopping this guys as long as there are investors…payment will always be delayed due to adminstartion slugishness.
WealthZone, Hazonwao,Zenon,Portland cement, Nospetco GFS, Mutual Fund, Flagship, Uphenry, Risk managers, Greenmind, Sefteg……….Long live investment club world wide.
Megawealth, 6k4you, clubfreedom, silvertrust, saphire-First inland, Yourinvestmenexpert.com,……Thanks to world-wide-web.com, investment made easy.
Did i mention,…..Golden Chance,..Spring of wealth, divine success, golden naira????……No reference as at press report.:)
Latest Fund manager in Town….Starting tomorrow…”Pot of Wealth”……..Not sure how long “Cool wealth” has been existing!!
Newspaper comments in the last few days can be described as “Bad blood” to say the least. This guys are practising MLM at its Best, Forex/Oil/Gas/Quarry/Stock trading, bla..bla…My As…..!!!!
I hope i have been of great help!!!!
No you’ve not. You’ve only been great at spreading falsehood for your masters. A FOOL AND HIS MONEY ARE EASILY PARTED
I went to GTB today to make lodgement into wealthzone. Deposit was not accepted as a result of restriction placed on them. Ditto for sefteg at GTB.
Can anyonne tell me what is going on exactly. Is it due to CBN regulations/probe or the beginning of an end?
Hi deolu ,
it was nice meeting you and real good discussions .
Bajo ,spain
I went to check my First Bank account this morning for my second placement from Sefteg but my account has not been remitted despite the fact that it was supposed to have been remitted on Friday,June 15.I’m supposed to be paid 15th of every month since i registered on April 10. Can someone please tell me what’s happening?
Is it true that Penny wise has reduced its payoff time to 3 weeks for N31,000?
so what happens to those of us who had paid for a number of slots before this time?
all,
what kind of registration does these HYIPs have? Also Is there any regulation on ground before the commencement of their business? What records or documents were given the banks to open the account in the first instance?
I urgently need answers from bankers, lawyers and accountants in our midst please.
We can effectively protect our investments if we have genuine and right answers to the above questions.
Mr Adeolu you should pls help get these answers.
many thanks.
tolani,Kaduna
THIS PROGRAM IS GOOD.AUTHORITY NEED TO INVOLVE, MICRO-BUSINESS EXPERT NEED TO WORK WITH THE MANAGMENT FUND.THERE MUST BE PROPER ORIENTATION AND WORKSHOP FOR THE BENEFITIARY OF THESE FUNDS ON HOW BEST INVEST THESE FUNDS RATHER THAN SPENDING IT ON FLASHY CARS,PARTY,ETC.CITIZEN OF THESE COUNTRY CAN BE SELF-EMPLOYED AND CONTRIBUTE GREATLY INTO NIGERIA GDP.HON.ABBEY.LAGOS
AkINMOYERO,
can you tell me other medium of paying for a new downline other than the e-gold .Yesterday I loaded my egold account from one MR FELIX EkPA But 2 my chargrin the money was cleared after about 2minutes (2000 Dollas) please beware of e-gold and its source.
Please mr deolu advice me on other better way of making payment.
thank u.
@akinmoyero, I’m sorry for your loss. You must have been attacked the “e-gold virus”. Were you using your e-gold account on a public computer or your personal computer? There’s a virus which stays on your computer, waits until you log into your e-gold account and then transfers all the e-gold to their account. Never log into your e-gold on a public computer. If in doubt, let someone else do the payment for you. Better to be safe than sorry.
I have heard so much about wealthZone, Flagship, Cash Seed, PennyWise, Zenon, OpenGate Etc. Could any body be kind enough to give me their contact information. I certainly will appreciated it.
Send info to: imcccinc@aol.com
Thanks!