Jan 11 2007
NOSPETCO – How much longer!
I try to stay clear of topics that zero in on particular individuals and issues that are not timeless. To clarify what I mean, I always try to write on things that will be useful for a very long time, and not issues that will become history after a while. Principles, values, encouragements, motivations, useful experiences… all these are timeless and would still prove useful on the long run. Issues like Nospecto are however time bound, we all cannot guarantee that it will last for too long. I have however been in many discussions lately about Nospecto, and I have found out that I will not be doing good service to a lot of people if I don’t help them with the information I have that can help them succeed.
If you have never heard of Nospecto before, it is an investment opportunity where you put in 450,000 naira and get 40,000 naira returns monthly, it’s also a joint venture business arrangement, where you share profits with the owners of the company at a rate which makes your share 40 out of every 450 in a month. Nospetco’s arrangement is the standard convinient arrangement for devout muslims, who because of their beliefs in not collecting interests on their money can only be comfortable with sharing profit. Nospetco has made many Nigerians rich today, Nospetco is the reason some people feel more comfortable to live their jobs, but an interesting question we all need to be asking is -”How much longer does Nospetco have to live?”. If you think it’s not a critical question, read on.
If you are investing your money in any business, you need to have answers to a few questions otherwise you will be the owner of the money but for a while.
“He that gets gear before he gets wit, is but a short time the master of it.” – Charles Spurgeon
It is wit to be able to ask the right questions, know when to move in, and know when to move out. If you ask the generation that is between 45-60 today, they’ll tell you about the finance houses of the 70/80s and how in one little sweep, millionaires became paupers. Those who do not know the past are bound to repeat it!
What is Nospetco’s business?
Nospetco is an oil and gas marketing company. It claims to be, and the claim has been researched to be true. I have been able to track what they sell, who they sell to, and who they buy from. Their major business is diesel, they are big and have many customers and their sole supplier of diesel is Zenon (the sole supplier of diesel in Nigeria). This is the legitimate aspect of their business that is known to anyone who dares to find out, it is not impossible they are into other things that are not so simple.
Is the business so profitable?
The business is marginal, but the high turnover makes it very profitable.
Why are they sharing their profit and not lending money from banks?
Their financial model is islamic, they don’t believe in interests. This is not very clear though, since they still use banks too, I’m certain scholarly islamic people will be able to shed more light on this. “Owo ele” is what they call it in yoruba. Rather than go into interests, it makes sense for them to go into profit sharing.
Is it risky?
It is high risk. Apart from the fact that you sign an agreement that when there is a strike or unrest in the nation, you will not be getting revenue for those times, what you sign with them is also not binding. If anything happens and they go out of business, you are also out of business. It is also a business that thrives on our dependence on diesel. The 40kva generator in our office runs on diesel, it’s a pain in the neck for us, this business thrives on the instability in power generation. This business also solely depends on another company as its source for its most important product, when you shake the wind, the wind will shake the forest.
What are the realities today?
Nospetco is high risk, and an investment you should make with your eyes open and your brain alert. A read about a certain Ade guy who claimed to have bought as many as 50 units and quickly reduced it to 25 when he had recovered his initial investments. For him, he can’t loose anymore, he used good strategies that are more difficult today. I also played with it before, went in and out big time. It was easier back then, today you need to keep the funds there for 6 months before you can divest. There are intelligent ways to invest. There are however some current happenings that in my humble opinion are red lights for investmenting -
1. Zenon announced a few weeks back that they will now start selling diesel to the public in diesel stations, and at much lower prices. This is a deadly blow to all their distributors, Nospetco inclusive. If they retain their current agreements with this, then it means they are into other steady things and investing might not be so bad, but you still need to find out what.
2. I heard that the Intercontinental Bank MD forbade his employees from having anything to do with the company. He say the whole deal from a different angle, the company is gradually becoming a bank without having a licence. And certainly is already competing with banks for funds. If other banks wake up to this reality, we might witness an economic coup.
What do I advise?
I advise that if you want to invest in any scheme, do so wisely. There are sure investment vehicles, balance your portfolio. Don’t let greed lure you to the gallows. Use as many invesment vehicles as possible, fixed deposits, shares, venture captial, treasury bills e.t.c. If you must put all your eggs in one basket, make sure it’s the basket you are guarding with your life.
Are there more profitable investment options?
Yes! They do equal and some more returns with their unique appended risks as well. The unfortunate thing is that like Nospetco (no website, funny looking stressful office – I hear the office is better and has AC now), they also do not have websites and the information I have on them is limited. One is Hazonwao (I have the MD’s number, they are into more stable things) another is Wealthzone (I’ll get his number soon, I have his email address).
I hope someone finds this useful.
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Deolu, thanks for this shaking the ground about this business,
If i must confess, i knew many who areinto it and who are planning to invest more, i betterlet them know this fast.
Nice write up, good to present as much information as possible and allow people make up their own minds about what to do. Though i must say that no progress comes from a love of safety….you must negotiate your future prosperity by taking calculated risks.
I however urge everyone to follow the link to Ade’s site and read his articles and all the comments there, i believe this should allow anyone make a firm decision about what to do.
Stay blessed Deolu, stay blessed ALL!
Word… you’ve raised important issues and wouldbe investors would be wise to monitor the events and happenings that can have any impact whatsoever, whether positive or negative on their investments, whether with NOSPETCO or elsewhere.
I think that for those that still have their funds with NOSPETCO, they should keep track of the issues you’ve highlighted above and any other things that can spell doom for their investments so that they can know when to pull out before hitting the floor face flat.
A word is enough for the wise, abi be ko?
Thanks for the article. I have a friend that subscribed to Nospecto and i have forwarded this article to him.
Deolu, even though i have not yet made the money 2 enter into this type of investment portfolio, I would like u 2 pls enlighten us more on other investment opportunity.
Thanks.
Ur site is really informative i.e joblog cause i just graduated . Thnks 4 d info.
Tunde
Deolu,
I want to commend you for presenting your facts and allowing everyone make his/her own deductions. I am into it (that is after doing some due diligence) and believe that each person should evaluate his/her risk tolerance before trying it. If I lose it today, all well and good, as I’ll gain more in some other ventures. Personally, my risk limit on this high risk investments for now is 1 million naira and I have made sure that I haven’t gone past that no matter the temptation. And to be fair, up until today, they’ve not defaulted.
My advice: If all you have to put in there (or any other high risk stuff) is your life-savings, please don’t. But if you have a very much larger accomodation space for risk………..well, I think it’s worth it.
…you r right, some people are so absorbed into this business deal that they are ready to resign their jobs…yes i mean bankers too…however if i had such money i can afford to loose, why not? i ‘d also play along…afterall there’s a prorportionate positive correlation between the rate of return and the risk level…risk tolerant level is another personal factor…Meanwhile, i can’t but pity those who put their entire life saving into it…or may be they dont deserve any…they might have been fairly compesated in terms of series of remitted returns(afterall within the pace of say 10+ months the original investment would have been recouped)…it will be a case of one can’t eat his cake and have it at the same time… such investors deserve to know the consequence of their actions though!
I just want to add a few lines to what Deolu has said already. As an investor, I would suggest that you have an exit strategy. Know exactly when you should call it quit and dont be lead by your emotion or greed.
Anyway, Nospetco might still be in for some years. But start to diversify your investment now and ensure that you have enough cushion any loss effect…
When it comes to money matters, we really don’t know who to trust (amandi a neze) we should therefore shine our eyes well well. i still haven’t recovered from the story of the guy that invested about1.5million naira over a 1year period with a stock brokerage firm and this firm’s agent could only turnover about 32 thousand naira (Haba! Why?)
A yoruba adage says and i translate “Truly the nose is wicked cos it would not allow us smell (detect) who is wicked. Hmm…
About Nonspetco your advice if I get it well and which I have learnt to take is “Shine ya eye well well” (Correct me if I’m wrong).
I can live with that
Cheers
@biola.com
For some time now, I’ve been discussing with a group of friends who are interested in investing in Nospetco. This information is very timely.
I’m already referring folks I know who are into the investment here to read this post and decide for themselves if they should still keep the investment.
Thanks.
[...] The story started getting interesting when I learnt they had increased the initial investment capital from ₦300k to ₦450k. A couple of friends of mine and I were setting up a private fund to invest into the opportunity but had stalled for a number of reasons (including the increase in the initial capital required). It was interesting to find out that Deolu Akinyemi had blogged about something I regard as being timely. It’s becoming clear that there’s a big possibility this fantasy is coming to an end. The Nospetco investment may quickly be going out of business if indeed these statements are true. You can read all about this here. [...]
NOSPETCO! the name on everyone’s lips when it comes to making money/investments. I have heard a lot about this scheme and tried to do some research on the net as regards the company and what they do but no luck. The best i could get was blog posts like yours and dipotepede’s.
As for me, my money stays in my pocket. A lot of friends have come to meet me, telling me about the scheme, asking for me to join them but i am just not convinced.
Thanks for shedding more light on what they do and other information.
Not only Nospecto, there is even one called UPHENRY, invest units of n500,000 and get n50,000 monthly.
Whatever the name the come in, I guess Deolu’s points should add to our guide.
After all not all that glitters is Gold.
In addition, if u want to wage war, seek the right counsel.If I have 100 facts about a matter, I should be better of in making decision than someone who has only 4 facts.
I also stumbled on someone elses’ blog on this check here
I also just discovered a term ponzi scheme you can check that out here Ponzi
Overall, I think the best strategy with these type of investments is to only invest what you are willing to loose.
I am not sure why people are praising you for this article. You have given so many caveats “eyes open” “no web site” “limited information” etc. You admit that you know very little about this company then wrote that you researched it and “heard” about information regarding their office…ah!
My people, Adeolu has advised you to open your eyes, so, please do. This is too good true to be true. The common sense in this is that if it is too good to be true, it probably is. Don’t throw your money away. Again, like Adeolu, I have only offered my advise, which is unsolicited and you don’t have to heed.
Joseph O. T. Odusanya
Thanks for thisinfo.This is by far the most ehaustive information on Nospecto I’ve found.I hope people get to read and make wise choices.
Kindly give me the info on Hazanwao you mentioned.Thanks once again!
Yo! how are you doing liked your piece on nospey you mentioned two other vehicles HANZONWAO AND WEALTHZONE
can you provide more info on the two
i would like to know more thanks
[...] He goes on to ask: NOSPETCO – How much longer! It is wit to be able to ask the right questions, know when to move in, and know when to move out. If you ask the generation that is between 45-60 today, they’ll tell you about the finance houses of the 70/80s and how in one little sweep, millionaires became paupers. Those who do not know the past are bound to repeat it! [...]
[...] He goes on to ask: NOSPETCO – How much longer! It is wit to be able to ask the right questions, know when to move in, and know when to move out. If you ask the generation that is between 45-60 today, they’ll tell you about the finance houses of the 70/80s and how in one little sweep, millionaires became paupers. Those who do not know the past are bound to repeat it! [...]
Hi Deolu,
Nice job you have done here about NOSPETCO, I guess it is the same with other “good return investments”. Now what form of investment do you advise for civil Servants with little or no time to pursue private business, but have access to soft loans from cooperative societies?
Thanks, I will like a reply to me.
Bye.
Can you kindly give me more information about UPHENRY, HAnwason and WEALTHZONE pls.
@ Joseph… I didn’t only hear oh.. I actually actively participated for a while too. I made money while I did, the only caution i’m sounding is that you be careful… it’s never sweet forever.
@all … I’ll furnish you with a full post on these other investment vehicles, I only want to ensure that my research is full proof before I commit word to web. I’m speaking to the MD’s of the other schemes and will publish very soon.
One thing i’m beginning to find interesting however is a formular to balance once portfolio amongst a number of these vehicles in such a way that if we form a club and promise 80% turnover in a year for example, it will be guaranteed. So guess what, I and some of these guys might be coming up with an investment club.
I’m finding it also very interesting that Nigerians are either very interested in investing their money… or making quick bucks. I’ll advice that you watch our for shortcuts, cos more often than not, they are wrong cuts.
Deolu hi,
Great article. I like your clear analysis of the situation and some of the facts you shared. Some of us will invest with more caution.
I am hearing about Hazonwao for the first time and will like to know more.
My regards to Tope.
Aside the softly pessimistic tone, nice to have info,
but like it has been rightly said…”invest” with care.
This needless to say applies to ALL investment options.
The NOSPETCO thingy is of course different from a PONZI scheme as there is actually a business model that works .
Good work Sir…keep it up.
Of course, this is a challenge to others who hoard information. Stuffs like PONZIs thrive in such conditions-immensely.
Like a Clergy I respect greatly always says “Over-analysis causes paralysis”, so do something with that money. Deolu lets hear about the Investment Club o.
To be or not to be-make a decision.
Thanks for this information about Nospecto. I know its a real risky investment but I put my money there cos in my opinion, even leaving my house to my work place every morning is a risk in itself. However, its important to note that every risk should be calculated and well informed.
If you can give more information about Hazonwao & wealthzone, that would be helpful.
Thank you Adeolu for your article on NOSPECTO, however, reading it thoroughly, I cannot commend you for doing justice to the topic.You said the company thrives on dependence of diesel and the instability of PHCN. Well I would say that is a good thing to thrive upon, wouldnt you? Most manufacturing companies in Nigeria run on diesel and don’t plan to use Nepa in the near future, because one dip in power supply can cause major damage to their operating plants that would cost them millions. Every investment thrives on something so I don’t think there’s any big deal to that. Concerning what you sign in the MOU, I think its commendable that they have made their terms and conditions clear.
I think you’ve done a good job of fueling the fears of current and prospective investors with no substantial evidence. And in closing, you mentioned the legitimate part of their business which is selling diesel. I’m still waiting for you to tell us the illegitimate.
Thanks alot
Thanks for the job well done Deolu. Keeps the flag flying. I read and digested your article and everything therein is well understood. A word is enough for the wise.
Regarding the islamic aspect of this kind of business, Islam doesn’t support a fixed profit on a business, The profit and loss of an establishment are shared according to the state of the income/loss. The profit is not fixed as in the case of NOSPETCO.
Also Islam encourage to know the kind of business you will venture into before participating in such, whether it is lawful or not(HALAL or HARAM).
Thirdly there is a maximum percentage you can get as a profit in every transaction. Any amount above this limit is considered Haram.
Your advice is very nice for those participating in this kind of business. Is left for them to decide for themself.
Your inspiring and educative articles are well appreciated. More grease to your elbow.
Kabir
[...] 他后来又写了篇文章题为“NOSPETCO还能撑多久！”： 人们得要有智慧，才懂得问对的问题、才知道何时进场、才知道何时出脱，如果问问现在45岁到60岁的民众，他们肯定记得七零和八零年代的金融公司经验，也记得有多少百万富翁一夕之间变成乞丐，若不懂得回顾历史经验，一定会让历史重演！ [...]
@ Blessing… if you have information that can do justice to the topic, kindly post it! Every business thrives on something no doubt, I have just pointed out things to look at to know when you should remove your investments, or to know how to balance your investment.
I am not fueling anybodies fears! What is fear? Fear is false evidence appearing real, fear thrives where there is no information. I have benefited from investing in this scheme, so why will I make you unnecessarily afraid? What I’m saying is, be wise. If you can risk investing for 10 units for 6 months, after 10months you can withdraw 5 units and you would have made back your initial capital and every other return you recieve will be profit.
Do you know about the company? Have you invested? Please feel free to share information that will be useful to others.
@Kabir, Thanks for the elightenment about the islamic angle. Please how much profit is the maximum that is allowed from a business that is not considered Haram.
@Others I’ll put up comprehensive information about all the others i’m getting to find out about soon, please bear with me.
hi, am trying to look for information about nospetco from the web, unfortunately they have non. which only make one to wonder how secure is ones money.knowing fully well that there is no regulator in such investment.
Nospetco as adequately described by a popular yoruba adage has become the honey from the flintstones, suffice to say also is that THE RISK is immeasurable sourcing this honey with an axe your hold precious.
deolu has spoken, awiyuM is seconding……
an advice of few words……….
you will have to play a word juggle on my name to get my true identity. tope know me well, so does tunrayo and i know Deolu quite some too.
Greetings All,
Allow me to share my findings on this issue…hope it’ll help someone somewhere make a “do -or dont” decision.
I have contacts in the PPPRA with whom I once pored over the business of oil (and derivatives) lifting and the capital requirements and subsequent returns. Verdict? The business is good.
NOSPETCO wades in this industry-so I ( my opinion) think the business model is good.
Why dont they go get these funds from a financial institution?
A friend once mentioned that she saw the picture of the “Head” of the org once and the person was heavily turbaned-One can then assume that He is islamic. She had worked in the former Habib bank before and informed me about the islamic disposition to the business of “interest”.
This seems to inform the term “Joint Venture” which NOSPETCO reportedly tags its product by.
Put these two together- you have a reason for the vehicle and its sustainability.
Of course not forgetting the risk-Who is on the board? Is there a board? Any body got a copy of their FInancial Statement? (maybe someone can help check these up in the Corporate Affairs Commission-I hope someone will bother to)
I found out that two or three banks had closed the accounts of the org once (whether the acounts are still closed-I do not know).
A whole lot of people have pulled out their “investments”. A whole lot seem to be trouping in-see the rise from N330,000 to N450,000 (!).
So should you jump out/in?
Sorry, cant help there-that decision is YOUR responsibility.
Whichever way-make sure your money works–its positively a sin to just sit on it and do “Big Boy”.
Stay smiling
If they are using funds from new “investors” to pay off old investors, then Nospecto is a pyramid scheme.
If they are not, then why do they need a constant stream of new investors? Why is the money they are collecting never enough to make their business self-sustaining?
How can they be able to pay 40k per month in perpetuity without using funds from new “investors” to pay off old ones?
There’s no biz that’s without risk. The bottom line is that the whole eggs should not enter one basket.
The information u lack is the money somebody makes on your ignorance. While we wait for true knowlegde, lets keep paying for our ignorance. Soon we’ll know.
Human problems remain true — greed, personal aggrandisement, selfishness, godlessness etc they all must die in us. Thanks deolu for bringing in balance.
I think Nospecto would do themselves and the world a lot more good if they completely disclose what they do with the money.
It is a profitable scheme, and many make, and would make money from it. But timing is critical.
Even the worst ponzi schemes have been very profitable to some people, particularly the people that joined early and recouped their money before the operation went burst.
@ Seun – Sounds very very logical!
All… in the last few weeks I have been doing some research on investment options in Nigeria, I have been talking to comparable companies with track record, and am finally braving up to doing 2 things.
1. Definitely starting and investment club – The vision of which would be to at least double the investment of each of the members annually – All club members will be carried along in investments.
2. Starting Generis Financial Solutions, and arm of GUTS – Generis Universal Tactical Solutions. We’ll be dealing in stocks, shares, and foreign stocks and real estate, and be guaranteeing people 7% returns per month or 90% per annum. We have already concluded talks with a seasoned investment analyst (with Chevron), the MD’s of two thriving hedgefunds companies and a web jurist with regards to this. These will be on the team for this initiatives.
These operations will be so transparent you’ll be able to track progress online.
All interested should begin to show interest and encourage us oh!
Deolu,
Your analysis about Nospecto are clear but i feel you are using this opportunity to also sell yourself about the investment club thing, think you got a nice back to ride on.
Anyway i was in and out of the company some years ago when i was in Nigeria as i now reside in England where you find it hard to invest money because of the capital base.
I have decided to re-invest into the company according to what i can bear when it comes to risk measurement and i noticed before leaving niger that the company have started running its own filling stations and a fleet of its petrol tankers move around thereby building a brand name which in my opinion is a positive indication.
I have read some articles and interviews granted by the owner which sound very convincing but it is absurd to imagine that in this time and era a company that deal in oil and has turnover that would be running into billion of Naira does not have a website.
However, it will be wise to listen to people like you who are on ground about new developments before making crucial investment decisions.
Please keep me posted on the other investment opportuinities that are available and also the investment club.
Kay
@ Kayode,
I actually started getting interested in the concept of an investment club after I wrote this article. The various comments made me go seeking for information, and I later discovered that there are actually less risky and guaranteed means of achieving the same results or better.
So I decided to consider it, and got a lot of support to do the same. Quite frankly, I’m still considering it, if I see that transparency of operations is a real need, i could go about it in many ways.
About filling stations? I haven’t seen that yet.
thanks for the issues u raised concerning nospetco. it is unfortunately that many dont see these before they invest. in the early 90s schemes like resource managers, planwell,goldland and money tree thrived well in places like Benincity. It is no suprise that these institutions vanished with peoples investment as their operation was not backed by normal economic theories. I earnestly pray that nospectos story would not be like those that once thrive in the early 90s
Dear Deolu,
I am very glad to have come across your in-depth and unbiased analysis of the NOSPETCO investment.
truly events of the 80’s and 90’s ( forum, failed banks and savanah bank) would make anyone to think twice before taking on the investment or staying on endlessly.
one of the golden rules of investments generally is to know when to move in and also to get out.
every investment is a risk, so is nospecto, and for one to succeed one cannot but take some calculated risks.
can any one tell me an investment that is absolutely risk-free. every kobo you save in a bank or invest in the capital market ( purchase of stocks) is a risk.
the first stock i invested in (tate & lyle) was an absolute loss.
imagine what happened to cadbury stocks recently.
a stock my colleague purchased at 24 naira presently is at 16.80 (isn’t that a loss)
for this reasons would you refuse to keep money in the banks or invest in the stocks ; most likely no
if you keep any fund without investing you are definitely been unwise.
I would there advice that you invest (ie take calculated risk), do it wisely , spread your investments (ie spreading your risks), invest in any profitable secured investment you can afford ( including NOSPETCO if you can afford it), know when to invest and know when to terminate your investments (don’t be carried away by the returns and do not be tempted)
I wish everyone the best of investment opportunities and returns
thank you all
Deolu,
I can confirm to you that they have a filling station in kano and the petrol tanker is seen often cos i used to live in Kano.
I wish you all the best in whatever decision you take and i want to believe that you are not just going to rest on emails for commitment because it is very easy to type and not perform when the time comes.
I also wanna believe you will do well pls keep me posted
Is anyone really having NOSPETCO contact address? It is good for one to contact them and have a first hand information.
I know we are all scheptical about these investment opportunities. Note; there is always a risk in every business opportunity. Zenons supply is a risk, the stock exchange stability is a risk, nigeria’s stability is a risk for foreighn investors but they invest and make a kill. Some people stay on the line and continue being scheptical while others make money. I have been using Nospecto and wealthzone for 12 months now and hastle free. One observation on this website is that all comments have been by scheptics, I am an investor hence the difference. PLEASE FOR THOSE OF YOU WHO ARE STILL INEXPERIENCED IN TAKING RISKS, I WOULD SUGGEST YOU KEEP QUIET AND LEARN RATHER THAN SPREADING YOUR SCHEPTISISM.
THANKS.
UP WEALTHZONE AND NOSPECTO
I dont think we should just condem it like that. Why dont we contact the right departments in Nigeria to protect the investors
Thanks Deolu, for this insight into nospetco. Very revealing.
Please could you expantiate more on Hazonwao and wealthzone. I am very interested in them. i wont mind having the addresses and phone numbers
thanks for the info every other person feels the whole thing is a scam and sceptism was their guide but i took a bold step invested my first ever earned income and i hope as the returns comes in i break even how i wish youths like me could embrace such rare options as this once again thanks and if in future other lucrative yet risky offers springs up i won’t mind getting a hint after all the higher the risk …..
Well this is really a mind opener and i think that if u want to get into the venture u should set a target for urself and once u achieve that jump out but then who really knows tomorrow just play safe everyone.
Dear Charles,
I will like to have a chat concerning both NOSPETCO and Wealthzone pls.
My mail adress is bayopl@yahoo.com
Charles Charly
UP NOSPETCO and UP WEALTHZONE I feel you men I feel you. I dont have energy to start convicing people about this opportunites all I can say is that this is my 4th yr with Nospetco and my 2nd yr with Wealthzone.
LONG LIVE NOSPETCO AND WEALTHZONE…………….
UPHENRY, GREENMINDS INVESTMENTS AND HAZONWAO HERE I COME THE RISKER THE BETTER.THESE SCHEMES HAVE MADE ME EXTREMELY RICH OVER THE PAST FOUR YRS.
Charles abeg see you on top men.
[...] – Minus: No website, minimal transparency and openness. Current trends with their line of business is not very good. Already receiving bad press from a bank. Line of business does not require limitless cash. Very good chance of turning ponzi. [...]
That was a nice piece from you deolu, It is LOGICALLY impossible for an organisation to pay you over 100% interest on your investment over a period of one year. NOSPETCO and the rest of them in this business are definatetly into shady deals or waiting for the right amount of CAPITAL to bail out. If there was any business that is that lucrative BANKS WOULD INVEST IN IT. If NOSPETCO needs capital to run business they would prefer to go to banks and pay max interest of 25% rather than paying interest of 106%…they are working on one of weakness that has lived with man since inception GREED…..remember OMANA OMANA , FORUM MERCHANT BANK ………..
Your your comments are revealing and helpful to those involved in the deal.
Iwould say here that NOSPETCO has aquired filling stations in the north:
This is an additional information.
thanks.
Please, keep me in touch for further information on yor proposals. It could be interesting.
I realise the Npospetco as a good investment is risky but important, in every aspect of life there is risk, we all succeed througgh such risks,so i will re-study it and plan to invest in,i am an investor who blieved in risk to succeed
hi all, does any body know anything abt NAYACO?? i just heard abt it. i hear u invest a minimum of 2.5million and get 400k returns? they run a similar scheme to NOSPETCO. They r in abj.
keep me posted please.
life is all about risk, you win some you loss some
My first time on the site, and im very impressed especially with this write-up on NOSPETCO. Heard quite alot bout it, as a good form of investment, know loads of people invetsing in, and another lot more deciding to invest. I was getting very intrested myself, and was searching for more info, i sure found it. I’m going to hav people read this so they are cautious in their next investments. AGAIN, Really great site.
pls Aisha can you tell us more about this business you commented on? i would like tomhave some information about it?
hi,
i really want to know more about Hazonwao,uphenry,green mind,nayamco,wealthzone investmet you made mention of.though i just got the address of wealthzone which is
WEALTHZONE LTD (RC: 633038)
Plot 172, Gbagada Oworonsoki expressway,Gbagada Phase 1 ,Lagos.
01-8150421, 01-8191617, 08035447271
stanleysresource@gmail.com
customercare@wealthzone.org
i would really appreciate it if anyone out the has a full detail information about the integrity of this investments
you can reach me on gbolahanoduyiga@yahoo.com
Although i have not invested much, Nospectco does more than diesel business with Zenon, they also deal with stocks, both foreign and local. they also deal with crude oil. these scheme has been on ground for a while and the trend as always been a display of fear by many on lookers why others seize the moment. You will agree with me that there is no high investment scheme that will not pose challenges or risk as it were in the case of NOSPETCO. The oval problem here is the fact that we are not used to high investment scheme in Nigeria. let us wake from our unbelieving dream and sieze the moment. No amount of money is too much to risk, it is only subject to the individual “Riskability”. … cheers!
well i think i also know of an investment called the DISCOVERY FUND.it’s a whole lot better than this nospetco shit.my number is 08038673022 fro more details about discoveryfund
Just read the whole blog and was wondering myself. Is there a way to secure one’s investments? Maybe via insurance or something. I think that this way one can pay to have another company bear the risk.
@Harold, I feel you, the insurance angle will be a good one, but it might mean the effective interest rate will come down to about 5%.
I just heard about another one yesterday oh… 30% per month. SEFTEG, I should do a full post on it. Wonders shall never end. It’s funny how much one sees if one is looking.
For all those who wanted addresses, Hazonwao is on 11 Kudirat Abiola.
Wealthzone is at Gbagada, in the address already mentioned.
I am one of the very careful investors around but yet very daring. I have read several threads on nospetco and there are more skeptics around than optimists and what I really believe is that the skeptics are louder than the optimists. So many good investment tips have been given but I must say I find it ridiculous for one to imagine that it takes only a company with a website to do good business.
@Lyd, a website is almost cheap these days. It’s just 21st century compliance.
Thanks very much for the information. It’s been very helpful.
Adeolu has GFS started trading?
well, i think the nospetco is a good biz for all risk takers because in life you only make the best if you are willing to take risk.
i will also advice that all nospetco client shud try and reinvest the 40k they get back in the DISCOVERY FUND
You can hit me on XXXXXXXXXX,so that i can really shed more light on the risk involved in this nospetco biz and why you need to reinvest your 40k in to something that will keep working for you
cheers and one luv.my name is AFAM
I just heard about Nospecto last night, from a friend who just got back from Nigeria, so i decided to look it up but funny its got no website! in this time and age such a ‘multimillion’ naira organisation has got no website, where prospective investors could get information, i think thier PR is pretty bad!
Anyway, your article has been very informative, thank you.
Thanks Deolu for your educative expose on Nospetco.
I stumbled on your website by chance but I must confess that it has turned out to be one of my favourite websites. You are really doing an excellent job.I have been recommending your website as a must read for so many people and they have always come to thank me for that.
Please I want to know if you can advise me on a very good investment that can yield good monthly returns like Nospetco.
Also, is it possible to post my Resume with your organisation for purpose of job search?
I will be waiting for answers to the above.
Thanks so much and please keep it up.
God bless.
Hi
My name is IBRAHIM ADEDOKUN and this my first time of searching and seeing this kind of bussiness investment you have been mentioning and its been long that i have been looking for this kind of opportunity. Please can anyone pls you send me the address of the so called Hazonwao,wealthzone and nospetco.
I think i can start investing right away. I like taking risk. my email address is didonary@yahoo.com
Thank you.
This is my first time of making contribution on this forum, I am a Data Analyst by profession with lot of flair for Financial risk management.
My piece of advice to u all is that, no matter how small, you have to take risk.
It is a day-to day thing. Such as:
-Putting some amount of money at home ‘cos u might need some money urgently,-you risk theft of that money compare to when is in the bank!
-Putting ur money in the bank-you risk liquidation of the bank remember what happened to SGBN, TradeBank and 12 others during Consolidation.
-Buying Shares-you risk failure of that coy, look at what happened to shareholders of Trade bank! e.t.c
So, it follows that if you are not ready to take risk, then you can’t progress, in fact you are not living!. What is important is Portfolio management. Taking the risk reasonably.
Last year, A friend told me about Nospatco, but based on my Investment Banking Knowledge i said i am not going into it. I wish to tell you that NOSPECTCO four the past four years has be waxing stronger and paying interest on investment promptly. That my friend today has made all the money back, and still have the Capital intact!.
So, Just two months ago! someone told me about another that pays 30% interest!. Gentlemen, i did not allow analysis paralysis to discouraged me again. I went into it straight!, but with an amount i am ready to loose!.
I have collected interest twice now!. as i am talking to you, another one will be due in less than 10days!.
So, do not make too much ado about this things, get into it if you want and can risk it or leave it if you cannot!.
THANK YOU Johnny. can you please give me the information of the new investment that pays with 30 percent that you said you have just been into?
this is my email address (didonary@yahoo.com).
I will appreciate it
AFAM CAN YOU EMAIL ME THE INFORMATION OF THE DISCOVERY FUNDS THAT YOU TALKED ON ABOUT ABOVE ON THE 12TH OF APRIL
Subscribe me to this and give me more info on the investment.
I need more info on the variuos High risk investments like Greenminds, Hazonwao, Nayaco, wealthzone etc.
Iam an adventurous investor and dont mind the risk. Im ready to pay for the contacts. Thank You.
Hi Etukudo, just read the whole messages on Nospecto from top to the bottom
hi,
nice one deolu. one thing i want u guys to know is that everything about life itself is risk…..even the life you live. try as much as possible to measure your risk(s) before you venture into them. when i see an investment i get inner signals before i jump into them. am already in nospetco no “wahala” atleast for now! hope to invest in treasureljne and wealth solution soon
aim for the risk u can handle without being handled!!!!!
Hello All, for more information about the addresses, websites and emails of all these schemes please visit
If you are a high rsik taker, then enter into the schemes mentioned and keep your fingers crossed, but if you want to invest with your mind at ease, i advise you become a part of GFS.
A FRIEND JUST TOLD ME ABOUT YOUR WBSITE AND I REALLY FIND UN VERY INTERSTING ESPECIALLY THIS ARTICLE.
INITIALLY,I GOT INTRESTED IN THE NOSPECTO OF A THING BUT HAVEN’T READ THROUGH,I DISCOVER IT IS REALLY AND HIGHLY RISKY ESPECAILLY FOR UPCOMING INVESTORS LIKE ME.
PLEASE I WILL APPRECIATE IT IF SUBSEQUENT ARTICLES ARE WRITTEN TO SHED LIGHT ON OTHER INVESTMENT FIELDS SUCH AS STOCKS.
pls can you enlighten me more on the HAZONWAO and WEALTHZONE.Thank you
You can get information about GFS at http://www.generisfinance.com and information about other investment options are available at a post titled database of investment opportunities. Just go to the category labeled investments.
All the best
I happen to be one of the few disadvantaged nigerians who work in the public sector and with a very poor pay, and who is willing to take risks cause life itself is a risk.
I started with a loan from the cooperative society and over the months , my investment has been on the rise.
I will advise anyone who loves good life and who wants tolive it good to take the risk or do we have an idea of when we’ll die?
Does anyone know what happened to the dipotepede blog? All the postings seem to have vanished!!!
Great comments.
WEALTHZONE LIMITED & HAZONWAO VENTURES can stand the test of times.
Reasons been that, the foundation upon which these businessess are found, are truely real.
I therefore recommend them without any shadow of doubt.
Hi,
I quite agree with u dan. Wealthzone is real. full of young and brilliant personels.
Great work.
Good job guys
Deolu,
Thanks for your information. Can you pls advise us on other investment that con yeild reasonbale monthly returns.y email is ramadeyemi@yahoo.com
thanks a lot, you write up was well researched and thought provoking.
actually, i have reaised interest into investing in this magic business of nospetco, but was in need of background information on this.
i think this will in no small way help me to make up my mind into the next path to follow.
once more, thanks a lot for this wonderful information.
How true is it that all these HYIP are being investigated by the NFI unit of the EFCC and that teir accounts should neither be credited nor debited
Now, Oludotun I heard about that too but it seems there is so much bad vibe going round about this coy. I will love the investigations to go on, because it will reveal more, but so far we know that the coy operates legit biz. If EFCC has not heard or done anything about this coy in this day and time, then I will question the integrity of the organisation.
Deolu,
I will love to know the outcome of the EFCC investigation about NOSPECTO thats going round. I will also like to know when last the company paid its partners, and how much,i.e the full 40,000 or less due to the numerous holidays in April.
Thanks for the enlightment,you are the man.
Greed is the name of the game! It doesnt matter how ‘nice’ and ‘diesel-covered’ it is, the principle is the same. Planting beans and expecting to harvest gold bars!
Nigerians, honest hard-work might not pay like all these schemes but calling them risks to be taken is apalling in my opinion.
Its simply borrowing from Peter to pay Paul.
Hi, Deolu. Stumbled on dis site mistakingly but I can proudly tell u it’s been very educating. Kudos to you. To all u guys n ladies out there: Life is full of risks. every thing u do involves risk. So, my advice is dat u always risk as much as u are willing to lose. Dat way u dont shed tears.
I just stumbled on d website, and i must confess i’m very impressed. keep up d good work. Pls keep me posted on any new stuff.
Did i say i just bought into wealth solutions, keepin my fingers crossed…
Great website.
Pls keep me posted
Hi fellow risktakers. life itself is a risk as our various mothers took a risk of carrying our pregnancies, even with the associated risk of carriage and of course delivery. I think these risks are only worthy of being taken by those who ’s got the livers. I even like our spirits as we do not plan to steal from the national cake but to take risks with our had earned income…… some of us even borrowing. I ll just say that we should only invest what we can afford to loose in these HYIPs. Anyway, my testimonies
1. I ve been in nospetco for more than one year and they always paid…. though they more often than not pay late.
2. Got into Wealth solution and they ve paid me.
3. Gold power too.
4. Sefteg paid my interest too, though with a one day delay. Lets enjoy it while it lasts.
It’s not our fault, the truth is …..theres no job security and we just must have a plan B.
HAVE FUN
Dear wumsky,
Please what is the address of Gold power you mentioned in your comment Lagos or Ibadan. It would be appreciated if you can give the phone number and contact person details. your response is awaited
Hello Deolu,
A friend informed me about your website and I decided to check it up. It is a beautiful piece you have written about NOSPETCO, however like other writters, spreading your risk is the key. If I have a 450K has the only cash in my possesion, I wouldn’t put the whole in Nospetco or anyother of such ventures.
on the other hand, NOSPETCO OWES THE PUBLIC A DUTY TO PUBLISH THEIR BOOKS AND INFORM THEM ABOUT THEIR OPERATIONS. Recently I heard they are being investigated by the EFFC, have they been cleared?
@wumsky
pls kindly give me the contact details of gold power. i will like to knw what they into.
thanks shola. sho4krist@yahoo.com
pls has anybody heard about goldenchance
is another investment that i heard abt but not with full details. pls expalin if there is anybody with a better idea
Hi Friends,
GOLD POWER operates from Ibadan @ H.Q Suit 7, Akande Shopping Complex, Lagos Garage, Sango Ibadan.
However, they have a Lagos office located at 32, Adeniji Adele Road, Lagos Island
Your best bet is to call the underlisted:
Leonard on 08054271592
Olayinka on 08055358009
08034977729.
They do virtually the same thing with TL and WS. They have just repackaged their product. It used to be an investment of N14, 400 (you could do as many slot as you want)with three levels pay off of N7,800, N20,000 and N30,000.Four weeks interval for each level. They have repackaged to a single pay off system . I ll forward the exact details once I have the product paper.
Its all about risk and again put only what you can afford to loooooooooooooooooooooooooose
hello all,
nicely said but got some points wrong.
I do not know which is the aim of your article, whether discouraging people from investing in NOSPETCO, or selling your investemnt schemes or advising them on balancing their investment portfolio.
1. Your research into their areas of businesses was incomplete. They are also into other businesses such as sales of LPFO which they buy from Kaduna refinery, i know this cos i worked there before. As well as they have several filling stations scattered in the north, at least i’ve seen in Kaduna.
2. Stressful looking office doesn’t make it dubious or would you want them using investors’ money to polish their office and travel on first class trips and all the rest just like the other companies do and are not able to pay shareholders return and dividend.
3. Be sure that the banks are only being spiteful as they are losing shareholders fund to NOSPETCO. Any way gang up can never work in this era of strong competitiveness among banks.
4. Strictly islamic, yes, and you can keep money in banks for safe keeping not investment purpose.(that is allowed).
5. No website, you’re right on that and they should work on it.
6. What is the difference in risk factors between what you’re proposing and NOSPETCO scheme? rather NOSPETCO is more reliable, tested and trusted for a longer time and attested to by so many people, so who knows these others, their lines of businesses, the MDs and whoever runs them.
7.Talking about sure investment vehicles, which is sure investment vehicle? is it land ownership that omo onile or the El Rufais can wake up one day and dispossess u of this? Is it stock trading? which company Cadbury?, Transcorp (embattled)?, NB? or which? or is it fixed deposit? in failing banks? So there is risk factor in every investment.
8. Finally, I agree with you that you need to balance your investment and not put your eggs in one basket and also that in the event of collapse, there is little guaranty of recovering your money. Is this not also the case in other investments schemes?
@wumsky
thanks so much for the info giving God bless u but pls dont forget to send the details of the goldenpower to us so that we can make our decision fast. pls also help send when they been existing.
thank u so much
Hello Shola & others,
details of the new Goldpower 6 weeks, one pay-off scheme is as follows;
Slots Invest Pay-off
3 4,500 9,000
7 10,500 27,000
11 16,500 45,000
15 22,500 63,000
21 31,500 90,000
31 46,500 135,000
41 61,500 180,000
63 94,500 279,000
127 190,500 567,000
189 283,500 846,000
Happy investing, dear risk takers.
Check wumsky’s earlier comment above for other details. Cheers
Can anyone please tell me more about Silvertrust and Cash Seed…their contact infor and if it is something worth taking a chance on.
Thank you.
Hi Deolu,
I heard abt nospecto 4 d 1st time 4rm my sis. and i decided to check it out, while doing this i came accross this piece of yours.
Does it mean dt as long as ur 450k is dr u ll continue 2 receive 40k/month? How can one start, at what point can u stop and how do u retrieve ur capital? Pls respond. Tanx.
please please please let us never say ..invest what you can afford to lose..its rubbish..if you are not a thief..there is no money you can afford to lose. Just say its a risk. Nobody can afford to lose anything..its wrong choice of words…anyone who can afford to lose anything just send it to me.
Thanks
Life is about risk taking.And the higher the risk the higher the return. If you are risk averse then you have to make do with meagre returns like the ones you get from treasury bills (risk free). I heard about Nospetco early last year when it was still N330,000. A colleague heard about it and decided to take the plunge. I kept warning him about risk and risk. He did it with borrowed funds and is now in the UK. Today Nospetco is N450,000 to join. I am biting my figer for not joining since last year because I would have made over 100% return on investment. the important thing is to pray and take a plunge if you get the go ahead. Or make do with low returns.
Deolu,
These are pretty impressive scrutinies about these people. I am astute and sagacious with money, and especially with investing in Nigeria. I once went into treasure bills, and now the stock market is so juicy, and we can see how brilliantly the Nigerian Stock Market has been performing.
I was in Nigeria last December ‘06 and was this close to investing with Nospecto, but got disuaded by a friend over nothing. When i take risks, i take it big time. Sometimes you win, and sometimes you get your fingers burnt.
You have cleared a lot and given me a great insight on Nonspecto, but the last question i have for you is “would you make a little more research into their proposed/already made diversification other than Zenon Diesel”? That would allay my fear of investing with em this late.
Ayo, U.S
@ Ayo,
From the current fillers I’m getting, there are many factors that will keep Nospetco on for a much longer than I thought. Yes their dependence
da guru,pls this forum is for us to rub mind and nothing else.someone with 1 million can afford to lose 1000 and not lose his sleep which is not so for someone with1,100.pls and pls we are here to share and be a blessing to one another and this forum is not an avenue for anyone to start insulting anyone.take note
Hoops, you guys have really be educative, pls I’ll want you to keep this alive,
mail address is toyinarogbonlo@yahoo.com
Hi Deolu,
Can U shed some lites on Sefteg too as much as U’ve done on Nospecto. Areas of investment and so on.
Thanks.
Deolu,
know u probably received a million mails along this line but a friend introduced me to ur site and been up all nite.Loads of useful info.keep up the good job,buddy.See u @ d top !!!
Any one has any comment on Wealthgate Multibiz and testimonies of people who have been paid through this investment.
Deolu do you know anything about Wealthgate Multibiz
I got this and it is very true
I went to transcat business in first bank this morning and i discovered that they are closing the accounts of nospetco and others
In my opinion the banks have ganged up to kill nospetco unfortunately according to the manager that gave me the info they have had their accounts for years and they never defaulted but their bank is very insincere.
I also think that nospetco and others should team up to fight what they should call a threat to their business by the action of the banks.
All having one claim or the other should please know that they are likely paying very late this month especially when we may need to change from first bank.
T. O.
I think its great shedding more lights on this things the way you did.
Basically, living itself is a very big risk, Investing in a bag of pure water is risky.. (how sure are you say the bag no burst before you reach point of sales). Investors should just get wise on where they put there investment. Money aint growing on trees no more and i also thing the whole thing bores down to personal decision. What i would say on this issue is that people should take decisions they think is good. Concerning Nospecto My hands are up but Deolu this is a great one.
I think it will be great if you can help us with the Analysis of other HYIPS in the country just the way you did Nospecto. I believe you can help shed more lights on others too. as for Nospecto they are going to be around for a long time. believe me when i say that because i don’t see Zenon Implementing there proposed whatever in the next 4 years and i don’t see a yar adua doing anything Tangible about nepa in the next 4years even throughtout is tenure…lol.. but i am not also advising people to jump into the ocean of Nospecto. If you think they are doing some other business, get us info on this business.
Also i want you to pinpoint Hy….s that requires less capitals and also the issue of sefteg, educate us abeg..
I am not a millionare so i don’t have 450k for Nospecto, tell us where we can invest small small kush to make things work..
Abeg lets know where to turn our 5k to 6k our 30k to 35k until we can join un guys in Nospecto. atleast you have made a wise move in telling us the big one,share the small good ones with us.
I be student oo!! I no wan dey go house go ask for money every other week.
Thanks
plesa deolu i want to know about investment with Mobil .I heard that if you put 1,000,000.00 naira you will receive 100,000.00 naira .Is true ? PLs how do i go about it .keep me posted bcos i’m interested in the mobil slot if it exist. thank you. Samrach adesam111@yahoo.com
In my own opinion, it is very risky not to take a risk. Life itself is a risk and as such one of the greatest mistake one can make in life is the fear of not taking risk. The most important thing is to go ahead and do what you believed in. Even when you fail to succeed or defeated such a failure or defeat should be highly apperciated and be taken as fresh stimulus, by examine and weighing the pros and cons of the whole thing and then forged ahead, as there is no gain without pains. Whether you invest your money in nospe or forex or stocks what would be would be. The most important thing is for one to make up his mind and invest when it is still fresh. I believed we would surely get there.
@ Deolu
if the d deal with Mobil is real, then won’t mind having the info as well.
Hi Deolu, Is it true what we are hearing about Nospecto, that they are closing their account with Firstbank. Please we need to know, cause im using FBN oh.
thanks
pls deolu can you help me with what is happening at NOSPETCO becouse i suppose to get my pay b/4 strike but up to date they did post it to my account in GTB. pls deolu or any body help pleaseeeeeeeeeeeeeee
Investors ALERT
The Central Bank of Nigeria (CBN) has taken a decisive and definite position on the activities of suspected dubious deposit takers and money lenders, otherwise referred to as wonder banks.
Their activities have been banned while the full weight of the law will be brought on the perpetrators.
Addressing financial journalists at the end of the meeting of the Bankersʼ Committee in Lagos on Tuesday, the director, banking supervision of the apex financial institution, Ignatius Imala, said the institutions are not licensed under any Act and by that have no right to operate.
The wonder banks are mushrooming in major commercial cities of the country. They take deposits from the public upon the offer of high and unrealistic interest. Most times, they promise the customer a doubling of his initial deposits within the next one to three months. That makes the discerning public view the transactions with suspicion.
Imala said the CBN would within the next one week sponsor advertorials in the print and electronic media to alert the public on the dangers of patronising such organisations.
“The circulars have been passed. Action is being taking to run the messages. The public is warned to patronize community banks, microfinance institutions and the post consolidation banks as they remain the only ones licensed for that purpose,” he added.
Meanwhile, the CBN is taking steps to strengthen the circulation of coins which were pushed in circulation some months ago.
The apex financial institution has instructed banks to implement with seriousness the regulation that requires two percent of every customerʼs withdrawal to be paid in coins. It has also instructed banks not to accept coins from the public for deposits.
Explaining the position of the monetary authority on the circulation of coins, the Managing Director of the IBTC Chartered Bank, Atedo Peterside said the meeting of the Bankers Committee resolved that banks will play their roles as major agencies to push the coins in circulation, adding that the move faced stumbling block in the past by the refusal of most customers to accept coins.
According to him, the CBN position that banks should not accept coins from depositors was informed by the need to ensure that whatever coins are pushed in circulation remain there largely in use.
He however pointed out that with time, the CBN may reverse its position. That is when the coins would have properly circulated in the economy.
The meeting also dwelt on the need for full disclosure, transparency and discipline in the banking industry. Speaking on the matter, the Managing Director of First City Monument Bank (FCMB), Mr Ladi Balogun, said the regulatory authority frowns at lack of due diligence in banks, especially in view of the crave for globalisation by the operators. – Independent
hello
can you please end me the contact detail, email, fax, address and phone number of NOSPETCO. PLEASE
FROM
MALLAM DANJUMAH AMAO
Read the article in PUNCH newapaper page 19;THISDAY page 66 on 27/06/07.
Bacically it is a situation of “buyer beware’-they cannot sanction these organisations as they have found them to be fundamentally legal-even though their mode of practise is unstructure and unorthodox and without financial recourse from any Govermental /Judicial body.
Basically all the HYIPS should resolve their issues with their bankers-CBN is just cautioning people as all these forums have done but it specifically said that they are LEGAL.
These banks where money is being deposited would be unwise to stop taking the deposits from the HYIPs as at the end of the day,it is boosting thier cash balances and basically profits for the banks in the form of charges,COT etc.Any bank that refuses a WEALTHSOLUTION or NOSPECTO etc deposit is being sentimental-this is clean funds )according to CBN) and they (the banks) would be fools to not accept them. Well if the First Banks etc will not accept,GTB or OCEANIC or all the others actually actively soliciting for deposits will welcome them.
So do not let NOSPECTO or whoever use the CBN excuse or capital base excuse , to make not payments.
FAILURE to pay on time etc is a sign of a sinking ship.PRAY HARD-COLLECT YOUR MONEY THEN JUMP!!!!!!!!!!
Hey,
Im not quite sure of what’s happening in Nospetco, I was there earlier this week and the latest update I got as per people who wants to divest thier capital are actually being re-endorsed becos they said that the along waited list was over due for payment so they started collecting info’s of any body interested in divesting thier funds and then you have to wait another 2wks of course.
Meanwhile as for monthly payments, Im not quite sure if they’ll be able to attend to that and besides the last strike was actually a good source of excuse for them not to pay on time as for me Im not sure if i’ll get my own payment but then they have no choice than to pay it cos they have not actually returned my capital.
Guys keep your eyes on the prowl….
I got my silver pay 2day. it is just exactly 6 weeks (calender)
@ all
Does anyone have a reliable info why Nospetco have’nt paid this month?
Also what is the status of their account with First Bank? Would their 1st Bank customers need to open an account in another bank to get paid cos of their troubles with the bank?
Have anyone banking else where other than First Bank been paid this month?
Hi all
I do not think Deolu will be able to answer all these questions but let me just brief you of what happened yesterday at nospetco’s office. To many of you out there that invested with nospetco, you donot need to worry all is well. The chairman yesterday addressed the public which i was part of. For more details you can contact me through my e-mail address;sanipe101@yahoo.co.uk and you will be satisfied. cheers!!
Chima Kalu, it’s nice to know that you were privy to the chairman of NOSPETCO’s address to his investors; but it would have been nicer if you could share the gist with everyone in the forum – that’s the spirit. Imagine if Deolu had the same attitude as you, no one would’ve benefited from his sound analysis on all these HYIPs. Please share your findings and let the masses sing your praise.
PLs., anyone that stays or work clsose to NOSPETCO office @ Apogbon should try and get to their office to holla them as per our RETURNs. This retuens we r talking of is for MAY and not June and in 4 hrs time we’ll be in July.
Pls., some1 shld get to their office.
Hello Me,
By the special grace of God your return of investment for the month of May wil get to you as from Monday. This was made known by the chairman of nospetco on friday as he also explained the reason for the delay of payment either for divestment or the ROI at list i spoke with him. So don’t worry be happy Me.
Keep moving Pals! these people u r calling Bankers Bank are just jeolous of both our Firm and Us! they only want everyone to remain Poor while they enjo! Just Imagine how they never Say a word on GNLD, TIANSHE and their likes! are they not collecting money 4rm people with the promise that it will doubled in small time? lets keep Moving.
Please i will also want to know when nospetco will pay May returns. How come two weeks after due date payment has not been made.
Pls any news on Nospecto, and is it true that they have problems with first bank.
tnx Deolu n co 4 keepin us posted!
its abt NOSPETCO,i ve talkd wit d companies recently posted Northern States Manager based in KD abt d recent devlopmnt!
He told me initialy on d last Friday dt by Mon. i’d xpect my payment,bt whn i checkd Mon dia was nothin!!
i calld Him again dis Mornin n told me unfailingly b4 Thursday,dts 2mrw!!!
2 tel u d fact Gs i’v lost al hope.
its tru NOSPETCO n atlist WEALTHSOLUTION ve problems wt First Bank accounts!
Hi guys,
How far with NOSPETCO? any news when they will start paying May returns?
Hi All,
Further to my previous post, I have just received a txt msg from NOSPETCO, thanking me for my interest in their Joint Venture, but went further to say that they are neither a bank nor a finance house.
Pls. has any one received a similar txt msg?
Hello Iyke,
when did u join Nospetco that they sent you a txt msg ? I’ve been with them for more than 2yrs now and I didn’t recieve any thing as such na you know which kind operations you dey do with them oooo…
the issue is that let them pay our God damn money I have pretty things to do abeg.
GUY….. PART TWO OF MY JOURNEY TO NOSPETCO THIS MORNING.
I ACTUALLY GOT THERE AND AS USUAL NOT THE NORMAL UN OR DO I CALL IT DIS-ORGANIZED SECTION OF PEOPLE ALL OVER THE ROOM TRYING TO KNOW WHAT’S GOING ON WITH THEIR MAY PAYMENT. WELL SOME GOOD NOTICE I GUESS CAME UP THE LINE WHEN THE MAN I WAS STAYING WITH ACTUALLY SAID THEY HAVE SUSPENDED PAYMENT OF ALL DIVESTMENT TILL FURTHER NOTICE AS THEY INTEND TO BATTLE AND SORT OUT EVERY OF THE OUTSTANDING RETURNS FOR MAY WHICH THEY ACTUALLY START PAYING{so they say} FOR FIRST BANK CUSTOMERS, YOU MIGHT HAVE TO WAIT TILL NEXT WK COS THAT’S WHAT THE GUY IN CHARGE SAID DUE TO THE FACT THAT THEY ARE TRYING TO RESOLVE THEIR ISSUES WITH THEM SO DON’T EXPECT A DIME IN YOUR ACCOUNT THIS WK.
OTHER MIGHT BE LUCKY TO GET THEIRS THIS WEEK DEPENDING ON WHAT MOOD YOUR BANKERS MIGHT BE IN COS SOMETHING I KNOW DEFINITELY IS THAT EVEN IF NOSPETCO HAS SENT THE SCHEDULE TO THEM THEY MIGHT FEEL LIKE DELAYING IT FOR ANTOHER 3 OR 4 DAYS BEFORE THEY START PAYING OFF TO RESPECTIVE ACCOUNTS.
SO GUYZ THAT’S THE LITTLE INFO I HAVE ON NOSPETCO IF YOU CARE, HERE’S THE HIGHT LIGHT AGAIN :
1, FIRST BANK CUSTOMERS WILL GET THEIR PAY NEXT WK{im quoting pls}
2, ALL OTHERS WILL GET PAID BEFORE THE END OF THIS WEEK COS PAYMENT SHOULD BE ENDING WEDNESDAY NEXT WK {that’s what i heard ooo}
3, DIVESTMENTS/ LIQUIDATION HELD RANSOME WHILE THEY PAY RETURN {i mean has been temporarily suspended
I GUESS THAT’S ALL FOR NOW GOING IN FOR A NAP TALK TO YOU GUYS LATER NEED ANY EXTRA INFO? HALLA AT ME THROUGH kenpetcars@yahoo.com
hw una dey Gs
pls wetin b d latest abt d God damn NOSPETCO?
i dey hia dey convulse! abeg feed us wit d latest, coz dey ‘vent paid yet!!
yemmie
Take it easy nao. Some pple has been with NOSPETCO 4 more dan 3yrs and they dont take issue like dat. I’m 7months old with NOSPETCO and I got 2 txt frm them yesterday. Okay….take it easy they’ll pay our money soon.
Hello Iyke.
I got similar SMS yesterday. And a co-investor that went to their office told me dat May return will b paid nxt wk and dat of June will be pd after 2wks.
Take care.
@All,
This is the first time i will hear Nospetco sending text messages, i have never gotten one before, is there any member of this forum that has gotten such messages apart from our dear “Iyke” & “ME”?
Please let’s talk.
Josh
08034389504
I have not received April, May and now June. I did not receive any sms. I have been with them for 11 months now. They have never defaulted till April. I have written for termination based on this and I hope I can get my investment back from them.
hello, i have indeed received text msgs from nospetco. they say they will surely pay. but wen that is d question. i called one of their guys (SANI) a very rude guy btw, nd he said they would pay last week tuesday but uptill now no show. i blive there’s somethin fishy abt dis nospetco biz. God save our investment.
Dear Deolu
When we enjoyed our monthly returns on Nospecto, we felt like biz gurus. Right now, we are begging God for mercy and to save us from the possible impact of a mad rush of GREED. Govt., we know you warned us but abeg say something. Nigeria is now like Vegas; a giant Casino with many shops. Chai, my moneeey o.
Dear Deolu,
Please resist any temtation to holding back the truth on these fellas. Lets know whats up.
That Sani guy is a real monkey.
Hi to all, i want to confirm to you that NOSPETCO will soon bounced back the stress was much in the last three months but discussing with a close friend of their MD i have the assurance that all will soon be well.
I personally advised them to fight the “war of publicity” so i am not surprised with their text message(s).
Well let us all stop asking for our money now and they will be stabble in few months then if you want to dis invest you should.
HONESTLY NOTHING IS WRONG WITH THEM. THOSE OF YOU WHO ARE BANKERS AND HAVE ASSESS TO THEIR ACCOUNT KNOW VERY WELL THEIR STATE AND YOU SHOULD CONFIRM
Hi Deolu,
You are really doing a good job by bringing information to our doorsteps.
Young lads like us who desire to be in the ranks of the Dangote’s of 2moro are not getting encouraged at all by what our Nospecto is doing.
Imagine say I neva get my pepper for june reach now and the funniest thing be say I no dey naija.
Is nospecto really what the hypertension?
I tire oooooooooooooooooo
Guyz it’s obviousI have to wait another whole wk to confirm if Nospetco will actually pay my money or not as the news I got from them was that they now pay everybody through UNION BANK so that means union bank will be the one to do the transfer into other banks before they can even credit your account and that’s by the way if you ask me specifically I would say Union Bank is one of the worst bank to ever deal with when it comes to money cos that’s where my mom worked for more than 27yrs before resigning but i’ll just say you guys should hope that they will indeed follow up on the schedule and transfer our PAY……….
Take care guyz…
Yemmie,
Thanks for the info.All I can say is that they(Nospecto) have lost efficiency.Honestly it was not like this initially and only God knows why they are using UNION bank, a methusela bank that has continued to bank in the ‘kolo-like’ style to transact business with us.
I hope this is not a bad signal.
My bank is IBTC, so any of the IBTC guys can holla me if the pepper don rest.
Can someone pls give us a the status of All the hyips at present.Deolu you might actually be the best person at doing this.Seeing that you are so good at researching.I am particularly interested in knowing what the status of Nospetco,Treasureline,wealth solution,devine success,Gold power and PMI.They are d places i have put mon ey in and will be most grateful if someone can enlighten us.
@All,
I wonder why we are all calling Deolu now to say something on the state of most of th HYIP’s, fine, the guy is an authority but can’t we all see the handwriting on the wall? Are all these signs not enough? It started with slashing of interest, then changing the rule of the game half way into he game, then to taking back 10% of your interest as VAT, now it has moved to default in interest payment and outright refusal to pay divestment what do you think the next move will be……..? figure it out yourself?
None of us need a prophet to tell us the next thing to expect. I remember vividly on this same blog, some of us have crucified Deolu for expressing his fears over some of these schemes, now we want him to talk?
Guys let’s wake up to reality please, some of us saw all these coming……..
I pray we get our funds out and get our intrest but most importantly learn our lessons.
All the best guys.
Josh
08034389504
Josh,
You are sounding as if something fishy is going on.
Pls guys is there really any cause for alarm over this nospecto issues?
I even gathered some of you guys have been there for like 2 years plus.
Did you have to go through all these in 2yrs +?
That pepper no be small money o! Abi na wetin una think?
If to say i don put am for Dangote now, i for don dey smile
chei! Nospecto eeeeeeeehhhhhhhhhhhhhhhhhh
See the latest on NOSPETCO.
http://www.independentngonline.com/?c=101&a=29735
Hi all,
We all seem so relaxed about NOSPETCO. Please has anybody been paid May returns?. I Use GTB and am yet to receive anything. The txt msg i got on Monday says they have concluded payment for Union bank & Skye bank investor while Posting is on going for GTB & UBA. FBN & others will be through NIBBS(whatever dat means). Please has anybody on GTB been paid.
I need this bread man!!!!!!
Iyke
I have a friend who I absolutly trust that told me he received Nospetco May payment in his GTB account last week thursday. The friends initials are A.A. so am guessing thats why he already got paid. Am still waiting for my payment in GTB account. i dont think it is fair that people should be paid in alphabetical order. Payments should all come at about the same time. After all we paid the same money. Nospetco need to do something about this. I want to talk to the chairman about it. anyone got his number?
I just checked my 1st Bank account @ 1:15pm today and NOSPETCO is yet to pay. Can anyone using Skye Bank or Union Bank confirn the text message NOSPETCO sent on Monday?
HEY GUYS….. NOSPETCO FINALLY PAID ME FOR THE MONTH OF MAY I CALLED MY BANKER TODAY AND HE TOLD ME THAT THEY PAID INTO MY ACCOUNT YESTERDAY AND JUST TO KEEP YOU GUYS POSTED I HAVE DECIDED TO LET YA’LL KNOW FOR THOSE OF YOU WHO BANK WITH UBA GO CHECK YOUR ACCOUNT AND LET’S GET THE BALL ROLLING MEANWHILE I HOPE THEY PAY FOR JUNE ON TIME COS I NEED TO SPONSOR SOME LADS INTO CLUB FREEDOM…..
TAKIA GUYS…
yemmie
08080296000
HEY TONY, I CAME UP EXPECTING TO READ YOUR MAIL BUT I DIDN’T SEE NOTHING SO I JUST DECIDED TO JUST GIVE YOU MY EMAIL IN CASE YOU DIDNT GET IT WHEN I GAVE IT TO YOU ON THE PHONE :
MY EMAIL IS: kenpetcars@yahoo.com
WILL BE EXPECTING YOUR MAIL ANYTIME…..
yemmie
08080296000
Thanks Yemmie – I sent u an mail ages ago, with my cell-no. I believe I got ur mail address right. Looking forward to sharing ideas in the future.
Deolu, Yemmie,
Do you guys know anybody i can contact at NOSPETCO. I need Phone nos
Thankx
HELLO IYKE,
HERE’S NOSPETCO’S PHONE NUMBER:01-7210435 AND 01-2641267
I CANNOT ASSURE YOU OF GETTING THROUGH TO THEM ON PHONE BUT YOU MIGHT GET LUCKY BUT I’LL ADVISE YOU JUST GO STRAIGHT INTO THEIR OFFICE OR ARE YOU OUT OF THE COUNTRY ASWELL ? YOU COULD SEND YOUR RELATIVES TO HELP YOU OUT IF YOU’RE NOT IN THE COUNTRY…..
HAVE FUN….
yemmie
kenpetcars@yahoo.com
08080296000
Yemmie,
Thankx. However, i already have these nos but they never go through like you said. Men, i feel so bad having invested in this type of scheme.
you guys should not worry yourselves much as thi people mean business, its jst tht there are external forces working against them! cont praying things go better soon.
Please do Nospetco have a problem with first bank cos they havent paid for may and june and i am really getting worried.
Hi guys, i ve been wit NOSPETCO for 7 months and there’s been no probs since then until now, as @ today (17-July) i m yet to see any payment to my First Bank Acct. But i think a grave lesson should be learnt here – dont place money you cant forfeit in any HYIP without due analysis. I came into this NOSPETCO stuff with all my senses open, i choose to allow myself to be influenced by guarantees from existing jv members with very little info. True i ve gotten SMSs from them (Nospetco) and countless visits to their office has yielded same result – payments are being delayed by NIBBS(inter-bank transfer) i just keep feeling its time to get out.
08056163029
Mornning,
Funny is it sound,it’s all part of the 9ja economic,saboteur’s in actions.The banks are really making things hard for them.Nospetco as done alot,all i could say is that if you sick of it all just over to the office and ask for your funds bank but before you do that all you 1st banker ought to switch to either union or skye bank writting a letter of change of account.I gaurantee you will be paid swiftly.
Anyway i do have enough slot inthem but i rather dance along with them.Earned more than from em.
Cheers.
boyeoscar@yahoo.co.uk
Thank God for his guildance & DEOLU AKINYEMI for his daily motivation website. Early this year, precisely feb. A long time friend came to my office to introduce me into this issue Of NOSPECTO. I was so challenged to extend of went to their office the following morning and this cause me double motivation because of number of people I met especially those NITEL pensioners who just collected their entitlement and came for investment.
Thank God for Deolu Akinyemi who rescued me from putting all what I have into NOSPECTO. Infact you are my saviour.
I can’t help but think that nospetco will get out of this lull soon. we who keep the faith will smile at last all is well.
The same thing will happen to a bank if people suddenly start withdrawing all their money. Liquidity will be a problem. you will be surprised that many people will struggle to get back in when the going gets better.
Hey guys,
How can I opt out of the scheme. I sincerely need your advice.
thank you.
JMK,
You talk as if you have some information that some of us do not have. (Please share it for the benefit of all)
You see, the money i invested in this SCAM called NOSPETCO to me is as good as being lost.
The only regret I have is that with my Education i allowed myself to get into this mess. To think that i invested close =N=1m in a company (or is it Joint Venture) that has no functional telephones, whose Staff are very hostile to investors (JV Partners! what a big joke)
But then I have learnt a very bitter lesson.
Ikye, i take it that you have not recouped your investment. really i dont have any information it is just a hunch i have. i havent recuoped my investment yet but i still believe i will.normally i keep my self off blogs thatspeak about bad news. nevertheless whatever happens it is a learning point for me.
I sincerely hope they resolve whatever problems they are having. A lot of people depend on the returns from Nospetco. I wonder the ‘group’ of Nigerians causing the problems for Nospetco. They should be left alone as a lot of people benefit from this venture. Is it not the only way that most people have shared in the ‘national cake?’
Please tell us what really is going on becouse I learnt that up to now NOSPETCO can not pay for the Month of May. Is the Company down like finaaly.
Is it true that NOSPECTO had paid some people for the month of may?
Anybody with any useful information should pls lnform.
Clearly NOSPETCO is having some cash flow problems. I have to reach this conclusion after reading several comments on this blog site and other blog sites. As with any business, experienced investors would understand that there are various seasons in business, the ups and the downs. Let us assume NOSP is going through one of the troughs (downs), the manner in which they tackle the problems would underscore the outcome. Personally, I would suggest NOSPETCO organises a meeting with investors’ representatives and discuss ways forward. One of the ways could be to commit to a certain future date in which they could start payment of returns, this could be in 3 to 6 months, but with an undertsanding that there will be roll over \ compounded interest calculation so that investors will not lose out. This strategy would buy NOSPETCO time and cash to run their businesses in the short term and would allow them gather substantive returns to the investors. If an understanding like this could be reached with firm commitments, I have a feeling the investors confidence would return. There are various other strategy we could put forward to NOSPETCO that would rectify this situation…. That said, I have a strong belief that NOSP will not cut and run. This basically is based on what I have read about the integrity of their MD and some of their directors. Above all, we should all support them with prayers as prayers could change the course of history.
GOD BLESS YOU ALL
The master,
Thank you very much for your comments and business analysis skills.
In your conclusions you raised a request for prayers for NOSPETCO.
I want to ask, are they in any kind of storm at the moment?
If the answer then is yes, I think they owe us an explanation for keeping mum all these while without even uttering a word.
Business is not done in the manner NOSPETCO is handling issues and I cannot but think that even if they bounce back(i.e supposing they are in some kind of crsis),guys like me will have no option other than to pull out of a business deal that has no record of mutual respect.
Why did they come to the public for funds in the first place, if they can flaunt their arrogance the way and manner they are doing.
I believe this is all part of a learning process and if business deals in the likes of NOSPETCO’s should thrive in the future,then more maturity should be the bedrock of transactions.
Ty, to answer your question, i got my May pay on the 5th of June or so.
Keep on keeping on guys, no shaking!
I have confirmed that somebody has been paid May returns he uses Skye bank. I went to Nospetco on Monday and i was told that schedule has been sent to GTB but my account is yet to be credited. I also heard that they are planning to get an agency to handle payments from now on that is why payments are delayed. like i said things are getting better!
is it true that nospetco has crashed? someone notufied me this morning. moreso, i ve not recieved my may payments till now. i use GTB but my brother who uses GTB as well has been paid. i dont understand them again o.
Hi everyone,
if you don’t read comments u need to read this one.If making money is what interests you or you are called to make money like me,then don’t stop untill u finish this.I’m an active member of clubfreedom and i have made money well out of it.But i discover another MLM 48hours ago and by now i have made $320 that is double of my investment of $160 and i will make $2000 more in the next 24 hours and make $10,000 in the next 10 days.When i circled out of clubfreedom,i told myself, i will join any other programme and find out the details later,imagine those that are asking questions when clubfreedom was introduced are still asking.Before you crucify me the name of the new programme is get away club http://www.getawayclub.net/mumpop.
This progamme is design in such a way that you will earn money with every little efforts you put in,also u will earn refferal bonus on everybody you introduced.The board is in 3 levels and 4 diffrent categories.When u get out of each board you will be paid a certain amount
Bronze: $50
Silver: $200
Gold: $2000
Platinum: $10,000
Now for those that missed out of Clubfreedom rush,this is your own opportunity,imagine all u need to join this programme is $160, act now just go to http://www.getawayclub.net/mumpop or http://www.getawayclub.net/unbreakable.
If u have any problem signing up or paying u can send an e-mail to: oladaramola@gmail.com
or call 08038002919
@ aisha and all,
pls can i have the Sani`s fone no/
I DONT KNOW WHAT TO DO ANYMORE, I JOINED NOSPETCO 4MONTHS AGO AND I’VE HAD ONLY ONE PAYMENT BEFORE THE WHOLE THING WENT BURST. DID ANYBODY WATCH THE NETWORK NEWS YESTERDAY NIGHT? I DIDN’T BUT I HEARD THAT NOSPE IS UNDER INVESTIGATION AND THE PUBLIC SHD NOT HAVE ANYTHING TO DO WITH THEM! SO WHAT ABT THOSE OF US WHO ARE ALREADY ROLLING WITH THEM WHAT HAPPENS TO US? SOMEONE PLS Answer! COS RIGHT NOW I’M AT MY WITS END AND I DONT KNOW HOW I’M GOING TO COPE IF THIS PEOPLE RUNAWAY WITH MY MONEY. PRESENTLY I’M SO DEPRESSED. DOES ANYONE HAVE ANY INFO? PLS SHARE IT .
HELLO aisha nd all, can i pls get the sani`s no? the person in nospetco.
Bolanle n all,
This no go good news atall!Is Nospecto willing to refund guys?
I am not in the country at the moment and would really depend on you guys for info.
Thanks.
Pls somebody help!My Dad is an investor,he hasnt collected his May returns till now.He has an account with 1st Bank.
could somebody pls tell me what is actually happening with nospetco?
My negbour is already in hospital (high blood pressure) because somebody tell him that he’s afraid his money must have gone, pls help us out
Thank the good God of heaven. I have now become convinced that some people who are interested in the divestment are actually being repaid their monies. Nostecto, please keep up the good work. It is going to be great.
Thanks.
Hi. I’ve done an investment with wealthzone but i was surprised that their office was equally “tacky” considering all the money they make. Can we really trust this people? Is there no way to make them come out and make a public statement about what they (nospecto, wealthzone, pennywise etc) really do?
Bris
you are still putting your money in this home based stuff..sorry for you. Please invest in swiss cash..they have been paying me. http://www.swisscash.net/ngene4846001 or http://www.sip25.com/ngene4846001 also you can write daguru on daguru_investments@yahoo.com for more info
Olatunde Gabriel. Iam happy for you that you were not made terrible mistake which some of us who cannot easily avoid to lose 450k made.
INVESTMENT IN THE FOUR WALLS OF THE UNITED STATES!
Come to the reality of PRACTICABLE interest rates, CONSISTENCY, REGULATED brokerage house,under the U.S SECURITY laws,nothing stands more reassuring;Please do not expect anything close to the outrageous and BOGUS interest speculations i have continually read in here,u get paid bi-monthly to the tune of 10%-11.5% based on sum invested for 36 straight months afterwhich your contractual agreement becomes invalid.FUNDS restriction is strongly enforced by the U.S GOVERNMENT on these jurisdictions:LIBYA,CUBA,NORTH KOREA,IRAQ,IRAN,LAOS,JORDAN,AND SYRIA.
Pls DO save time by not inquiring if you expect some IRRATIONAL interest rates and have irrelevant questions.
Brian , can u give the address of this great investment
Guyz just checked my account ive been paid may returns. Hope june returns will soon come.
@ Mr. B
I believe you are talking about NOSPETCO, please what bank are you using and was the returns paid.
@ Brian,
Your advert is everywhere, people are really not interested, your investment proposal has been discredited on a different blog and I will advise people on this blog to be careful.
A friend of mine has been into NOSPETCO for over 3 years, and his friend that recommended the investment for over 5. I only wish the Economic coup and the closing up of ranks currently been carried out by the banks against this company will be brought to a stop. I hear the cause is because the MD of NOSPETCO refused to take loans for his business. The only use he seems to have for banks is for his customers (called Joint Venture partners) to pay in money to NOSPETCO’s account, and get their interest from such accounts. The banks on the other hand, are not satisfied with only COT & VAT accruing to them from NOSPETCO’s account. If the company won’t take loans from them, they would rather run the business down by withdrawing banking facilities. If the banks cannot do better for their depositors, let them at least leave this guy alone. Some of us want to take the risk of making good money through this venture, no matter how risky! A year ago, I got N11,000 as interest, after leaving N700,000.00 in a fixed deposit for 2 months! Imagine if I had only given N450,000.00 out of that sum to NOSPETCO for the same period of time?
the master,
IM USING GT.I HAVE 2 SLOTS, THATS 80K.DIS MY 6TH MONTH.
@Mr B and All,
Any info about when IBTC guys will be paid?
Info needed.
Thanks
@ALL
PLEASE CAN ANYONE GIVE LATEST INFORMATION ON NOSPETCO.
HAVE THEY PAID FOR MAY OR JUNE? IF YES WHICH BANK?
PLS KINDLY PROVIDE USEFUL INFO PLS
@ Deola
Hi Deola,
Is it possible I know more about this Swisscash you mentioned? I tried checking on their site to register and it seems I will need someone to refer me. Can you help? Thanks in advance.
what is really happening with NOSPETCO information is really needed urgenly
Hi Yommy.
The latest I have on NOSPETCO (as of Thursday 2nd August) is that May interest will be paid between now & the 15th of August. June interest will be paid between 16th – end of August, and July interest will be paid by the first week in September. August payment will follow, and bring the payments to what it used to be. The MD actually addressed the crowd thronging the office for their interest, saying that unknown to the customers, some of the visitors to NOSPETCO offices are bankers coming there to help them find solutions to the present problem, who unfortunately take the number of people there clamouring for their money as signs that the company is in distress, and withhold their assistance. He promised that people should give them time to sort out the banking issues, and very soon everyone will be smiling back to the bank, like it used to be.
No idea when they’re payin IBTC. But just heard from a friend that theyve increased pay per slot, that u have to have 1 million now to get 10% monthly and all existing investors remain d same, as in they’ll continue payin u d same amount. U’ll wait for confermation sha.
No idea when they’re payin IBTC. But just heard from a friend that theyve increased pay per slot, that u have to have 1 million now to get 10% monthly and all existing investors remain d same, as in they’ll continue payin u d same amount. U’ll wait for confermation sha.
@mr B, What payment are u talking about above? am kindda interested kindly give me d info.
I have a new idea on Getaway club for those who can’t market. I will do the marketing on your behalf and the profit will be shared between us. A slot is $160 or 25600. You will cycle out latest 2 month. Count on my words
You can also be a millionaire.
Any interested person should send a mail to ade2me@yahoo.com or call me on 08034949792.
Welcome to the world of millionaire.
A friend of mine just cycled out of Club Freedom and would like to sell his E-Wallet.
If you are interested, please kindly send a mail to Freelance911@gmail.com
Cheers!
Yemmie
are you well at all? Is it because you are advertising clubfreedom that you sould say “COMMON GUYS TAKE CHARGE OF THIS OPPORTUNITY IT’S YOUR ONLY CHANCE TO BECOME A MILLIONAIRE”?
If that’s how you see your own life, pls keep it to yourself and not spread it around.
Hi all, we r still waiting for Nospetco payment. i read in Business times Wednesday 8th August dat they would pay from August 16th . Hope they do any way. Please i need info on CLUB FREEDOOM. How does it work. How do you get paid. Where do u register and all.
THANK
Hello Aisha, am selling my position if u are intrsted level 2 @ 25k, reply me back.
Hello Aisha
Just send me a text on my number (08055468227) and i will call you back and explain clubfreedoom to you. You can also text me your email and I can also send you some material
Cheers
Na wa o!
see runs!………………………….
I appereciate ur contributions towards human liberation and awareness from poverty. may the Almighty and merciful God continue to be with each and every one of us in Jesus name.
Another news about NOSPETCO see this link:
http://www.thenationonlineng.com/dynamicpage.asp?id=27449
still wondering the implications of this, is it that of hope or despair? please help answer the question
I couldn’t understand some parts of this article NOSPETCO – How much longer!, but I guess I just need to check some more resources regarding this, because it sounds interesting.
My Dear Akin,
Please try as much as possible not to be sentimental when discussing issues of sensetive nature particularly those that have wide audience. Nospetco, though owned by muslims is not meant as an easy convinience for muslims because of their belief against interest. It is a venture that seeks to empower its partners equitably. It just deviate from the usual exploitative pattern that has left many investors slightly ahead of where they had started. Every person regardless of his religious inclination desires progress in life. No wonder majority of the joint investors are even non-muslims. Let me please share with those who wish to listen that Nespetco is involved in legitimate business managed by seasoned business administrators of exceptional integrity. The current hiccups in NOSPETCO, which resulted from the evil machinations of some over jealous individuals and organisations through unhealthy rivalry and competition will come to pass. Every person and organisation at one time or the other faces trying periods in his/her or its life. NOSPETCO is no exception. The managers are doing every thing possible to overcome these challenges which personally I do not see as problems. Your argument that NOSPETCO strives only on the scarcity of fuel in the country which is temporary and that NOSPETCO in your assessment may cease to exist when this problem is solved, exposes your ignorance on the activities of NOSPETCO( just as you rightly confessed). The company is currently expanding its operations and has acquired real and tangible assets. It is a voluntory joint venture business which people join of thier own volition. Its operations like those of any other business involve certain degree of risk. Life as a whole is risky and he/she who has no gut to take risk will remain stagnated and see progress only in respect of others. Those who have faith in NOSPETCO should continue to stick to their faith and I am sure things will get sorted out in due course. Those who are not so faithful should be fair and just to themselves by divesting. Afterall, in one of his interactive sessions with joint investors the chairman has said that it is not a crime to divest. Rather than waiting to be confused by biased analyses and hasty conclusions, I advise all concerned including you Mr Deolu to take a trip to NOSPETCO’s office and meet the chairman for further clarification. I had the same impression about NOSPETCO that many people who are ignorant of the state of affairs in NOSPETCO currently have. I am sure many will testify to that. Thank you Mr Deolu for your analyses atleast they made some us to write. Remain blessed.
Best Regards
Hello Deolu,
Just a few quick comments, first thanks for letting us pay thru interswitch, now that was wicked smart, but how long do after payment do u see the addition in your downline??
Secoundly, thanks for the thumbs up for this NOSPETCO business, U haave been looking for more information but could not trace any, but you also mentioned wealthzone and Hazonwao, with the recent EFCC and CBN lockdown, are they not affected?.
I appreciate that u r not an investigating body, but will appreciate any response from anyone.
thanks
@ Second,
Well spoken
please is anyone having info about when nospetco will be making payment.i would like to know.anyone having knowledge of good forex training website .
pls mail me will such info
gbolahanoduyiga@yahoo.com
Amen and amen!
I applied for divestment of my slot since June 8th 2007b but nothing has entered my account.
I’m getting worried.I call their office and no one picks the phone.I’m in Kaduna.
Deolu, have you agreed to meet with the Nospetco boss as suggested by “second” Please confirm when to expect a feedback on the happening in the company. Many thanks
D1
Will Nospetco live up to the promise of paying May returns starting from today 16th August? Enough of this empty promises.They sent us text messages on 9th and 25th July informing us that they have concluded arragements on the payments of May returns up till now it has been stories,stories,stories.I think the majoe problem they are having is a cashflow problem.
God will deliver us.
@ Second
I wrote what I wrote, 7 months ago! I wrote to ask one question. How much longer can this last?
I have benefited from Nospecto, and believe that their present predicament is not far from the display of those who lord themselves over us as haven earned the rights to be rich.
I wrote my findings and opinions, not as an outsider, as someone who had been there and done that. Everybody is free to talk and share their opinions today, of course knowledge should increase with time.
I’m not a muslim and I was a partner in the business for some time, there is nothing wrong with using the approach of not paying usury. Please don’t misquote me.
I have only spoken as a two handed economist… i gave people the opportunity to look at things from two different sides…. and for some it paid off. This is 7months later…pls comment as such.
Cheers
Hello Yemmie,
Pls do have the latest on Nospetco?
Have we finally sunk or are we still floating?
Hoping to hear from you.
Thanks.
Opopo: I think NOSPETCO has finally sunk, read the article on the following link: http://www.mynaijanews.com/content/view/517/2/
@ Olla,
Pls Olla stop spreading false information about Nospetco.Mynaijanews is not a known newspapers.The news carry by the paper is not authentic.Pls check ur facts right before u post such thing on the net.I believe mynaijanews is on of nospetco detractors.
Hello Opopo,
don’t let the words of some people destabilize you. Nospetco is still floating its just that they need we the investors to help them float the more. They were supposed to commence payment for the returns for June on 16th of august as gathered but Im yet to confirm that since I have not been able to check my account but then I will urge everyone to try and check their account as from tomorrow or wednesday since they seem to be using Union Bank the processing might take a bit longer but it’s all good Im sure to get mine first cos I use UBA so I’ll definitely update you on it soon. But sefteg has paid me for july First Batch still expecting the second batch payment…….
Meanwhile fellow investors I think we should all bone HYIP’s for some time and concetrate on MLM’s let’s make our money from those ones and at least get some rest of mind.
See you All @ D Top….
does anyone have information on nospetco?seems like they have finally gone down.if they are prosecuted will investors at least have their capital back?
I am beginining to worry now o.My papa retirement money.Chineke!God save us o.
@ALL
@cc Esther, yemmie, St Ernie
I will go with yemmie’s and St Ernie’s submissions. One thing we should realise is that sentiments, emotions and rumours have effect on the performance of a business;…. because business activities are moulded by the money making behaviours and decisions of individuals who participate in the business. This implies that people could divest or invest, based on perceptions and impressions created by market forces such as bad rumours, false news etc. To me, Mynaijanews falls in the category of baseless news aimed at adversely influencing our business – NOSPETCO. We should not give in to such detractors.
@@Ester, keep your cool, be positive and by the Grace of God our returns shall be paid in due course
Well, I have been reading the comments on recent developments in Nospetco and came across this news feed today…you can check out this link from vanguard news paper
http://www.vanguardngr.com/articles/2002/cover/august07/20082007/f420082007.html
I think the fact that there is so much ‘noice’ about nospetco makes it a hot news item in the press today such that every writer/editor wants to write something about it knowing that a vast majority of readers have their money in it. I quite agree with the Master’s submission that sentiments, emotions and rumours have effect on the performance of a business…..so thats the case with Nospetco today. A way out of all this mess is for the managers and directors in Nospetco to think out of the box ….. come out plain & open and show that they are truly a reliable & dependable company to invest in. Then will they redeem their dwindling image before Nigerians.
You know that its easy to destroy than to build…….it better the latter is re-engineered now before the whole house sinks.
Nigerians this is the time to speak out and fight for your rights like many countries around the world. If a few rich people want to KILL OFF NOSPETCO because they want the average Nigerian to remain POOR, then they SHOULD NOT BE ALLOWED TO DO SO. These people should be named and shamed as they are fools who can’t see what is happening in China and India. Nigeria needs a middle class to build its economy upon. Government officials and some MD’s of our so called major banks are behind the problems of NOSPETCO. “FIGHT FOR YOUR RIGHTS PEOPLE FIGHT!”
Let us continue to have hope in NOSPECTO because they will bounce back and in stronger way.
it will be a shame of either SEC or EFCC to just prosecute NOSPETCO officials without making sure that the investors fund are secured and returned appropriately; the mistakes not withstanding. i believe both SEC and EFCC are there to protect the interest of the people in general and not a selected few interest group in the society (SEC and BANKS). they should therefore state clearly how they intends to protect the interest the teaming population of unsuspecting investors.
There is surely rainbow in the horizon…lets see how events unfold
http://www.thenationonlineng.com/dynamicpage.asp?id=28835
i think nospetco has committed two gravious crimes that are unforgivable (one in nigeria and the other globally) today. the nigerian crime is that thy are northeners and the global crime is that they are muslims that base their operations some what on islamis dictates. very soon we shall here them being branded terrorists and agents of alqa’ida.
before then we wait and remain investors even though we are yet to receive our remittances for the past four (4) months. and mind you that was my pension pay off funds.
sani malumfashi
mtel
kaduna
Thanks for this write up. it is helpful.it pays to learn from peoples experience. pls can we know what is happenning to TREASURELINE. Are they out of business? l need to know.
@ Olanrewaju
This is unbelievable! I trust that NOSPECTO will get itself good lawyers to manage this crap from SEC. People do private placement all over this country every day.
Are they now saying that that is illegal? Then they shd arrest all these financial advisory companies that help clients find private investors in schemes.
As far as I know NOSPECTO never did a newspaper add calling for investors. It was spread by word of mouth. This is just plain unbelievable. At the very least, SEC is greedy and wants a piece of the action, cuz I personally blv banks don’t mind cuz d money stays wt dem. At the worst, somne doesn’t want this kind of mass progress 4 Nigerians.
@Derek and ALL
If you check out the recent post by Deolu on this site, you will appreciate the fact that one the problems facing us as a nation is the kind of mindset some people (a majority in power I would say) have. When there is a poverty mentality and a selfish mindset that only believes that the downfall of the other party will result in increase – there can’t be progress. The advent of genuine investment schemes in Nigeria has in one way or the other increased the number of financially free in the country. As usual, some are not comfortable with this development and will do anything possible to end it.
Imagine the recent suspension of the re-denomination policy of the Naira due to a clause in an act (CBN Act 2007) signed into law by Former President Obasanjo during the last week of his administration is one of the selfish unfortunate events that keeps us moving two steps forward and four backwards! Why should this policy which could help in moving our economy forward be suspended? Is it a show of authority? Is it to please the ‘Untouchables’? I just wonder!!! I want to believe and hope that the suspension will not be indefinite.
Long Live Nigeria
NOSPETCO IS NOT A ‘WONDER BANK’ ITS A GENUINE JOINT-VENTURE COMPANY. I AM AN INVESTOR IN NOSPETCO AND I HAVE NOT BEEN PAID SINCE MAY, THOUGH I REALLY NEED THE MONEY, I AM NOT WORRIED. THE CHAIRMAN AND MD ARE MEN OF HIGH INTERGRITY. THEY WILL NOT LET PEOPLE DOWN OR ABSCOND. EVERY COMPANY HAS ITS TRYING PERIOD, NOSPETCO IS NO EXCEPTION. THE BANKS, PRESS…. ARE FRUSTRATING THEM, SEC, AND OTHER FINANCE INSTITUTIONS ARE NOT COMFORTABLE WITH THEM. WHO SAYS YOU CANNOT MAKE 150% PER YEAR. PEOPLE EVEN MAKE AS MUCH AS 100% ON STOCKS, ETC; IN LESS THAN 2 MONTHS, THEY SEL AND MOVE TO ANOTHER ONE ETC…. TALK ABOUT OIL AND GAS, WE CAN SEE THE LIFE STYLE OF THE BIG OIL AND GAS BOYS: YOU KNOW THEMN THEY ARE STUPENDOUSLY RICH AND SPEND THEIR MONEY ALONE. NOSPETCO GUYS ARE SIMPLE, KIND DEVOUT MOSLEMS WHO ARE ONLY GENEROUS BY TRYING TO SHARE WHAT THEY CAN EAT ALONE WITH OTHER NIGERIANS. I HEREBY PLEAD WITH NOSPETCO INVESTORS TO BE PATIENT AS IT WILL BOUNCE BACK BIGGER AND BETTER SOON AND YOU WILL ALL SMILE AGAIN. THE BANKS WANT THEM TO CHASE INVESTORS AWAY, AND TAKE BANK LOANS . YOUR MONEY IS IN SAFE HANDS – PLEASE GIVE THEM BREATHING SPACE SO THEY CAN PEACEFULLY RESOLVE THEIR PROBLEMS. LET US JOIN HANDS TO SHAME DETRACTORS. MY MESSAGE TO NOSPETCO IS: DONT GIVE UP, GOD IS ON YOUR SIDE. YOU WILL SOON BECOME ONE OF THE GIANTS IN OIL AND GAS. YOU HAVE MY PRAYER, SUPPORT AND LOVE. IF I HAVE MORE MONEY, I WILL INVEST IT IN NOSPETCO.
@ Olanrewaju O LEWIS
It is important for us to carefully look at the facts on ground. I was at the Office of NOSPETCO today and in fact had a discussion with the Chairman himself. That the SEC and EFCC have commenced prosecution according to the Vanguard is a lie as no Court paper as been served on them.
It is important to note here that the EFCC mentioned in the Vanguard article have infact investigated the company not once and found no fault in her.
That NOSPETCO is raising funds from the public is unfair because if you ask me, I got to know about NOSPETCO through a friend and I am sure that you also got to know about NOSPETCO through a friend and I have not seen any form of advertisement of NOSPETCO in the pages of the Newspaper neither have I seen a website that is theirs.
Infact, you are a Joint Venture Partner of the Company. In case you dont know some of these Oil Companies such as Shell, Texaco and the likes have JV Partners who invest large sums of money and share in the profit and loss of the company.
So for a man to set up a JV Partnership that you and I can afford, what SIN has he committed? We all know that the people masterminding these things are the BANKS who want to sell shares to the public. Come to think of it, in the past few weeks the stock market is sliding down, so why cant Director-General of SEC, Musa Al-Faki go and face his own business?
To say the truth, we the JV Partners are the people causing the trouble we are facing in that, the panicking is uncalled for because, we know this people are doing a legitimate business-they are not money-doublers (see:http://www.thenationonlineng.com/dynamicpage.asp?id=28835) they have used the money we put down to buy Petrol Filling Stations, establish Gas Stations etc, the money they use in doing these ‘no be small thing o’ – go and find out how much they do these things and tell me, so if people withdraw their money which I read on the Internet is about 5 BILLION why wont they have difficulty in paying the monthly returns?
SOLIDARITY IS THE KEY, THE MASSES DON’T KNOW WHO OUR REAL ENEMIES ARE.
@Olubunmi Oludotun ,
Well said jare………………………………
when is NOSPETCO going to pay first bank customer May return?
that’s a good piece from Kemi’s cousin and Olubunmi, i think Nospecto in particular need our patient at the moment. frankly speaking the present problem was caused by many of the investors that liquidated b4 now in order to jump into other HYIPs. As much as we blame Nospetco, SEC, CBN, Banks etc. let examine ourselves individually as well to see if all the problems around now are results of our greediness or not. it’s well
Firstly,I wish to hail Deolu for all his resourceful postings and write-ups.
I am an investor with Nospecto too and strongly believe my money is still safe with them but i have a problem with Nospecto keeping my money and not telling me what is going on. The best news i get is reading deolu & friends’ postings and the unfriendly news from the dailies.
I think Nospecto will do better if they officially come out and say something.
Thanks.
@ Olanrewaju O Lewis & Kemi’s Cousin
I sincerely share your opinion guys, and I do believe the majority of investors need some proper education on who their real enemies are! Alas, and quite unfortunately, the vast majority are not even computer literate, not to talk of being internet compliant! Is it possible we raise a kind of body that can publish some kind of awareness in the newspapers? I’m sure you’ll agree with me that this medium is more widely consulted for news by the masses. Even those who cannot read Deolu’s blogs will surely read the papers. If we don’t speak up for ourselves, no-one will do it for us. I also think the management of NOSPETCO need to come out somehow and expose those trying to pull them down. I once wrote a 3-page article about the pains of NOSPETCO’s investors, underlining the fact that my anger is not directed at NOSPETCO but at the cabal that seems to have taken over the banking sector/SEC in a mafia-like manner. I gave this article to the Chairman’s secretary, and I was expecting to see the story in the newspapers one day, as I presently do not have the means to publish it myself – I haven’t been paid since May like most investors – but up till now, nothing has been done on it. If we can get an avenue to speak out for the masses to be the judge, I am sure these oppressors who want nothing good for the average man on the street will soon be exposed. I believe one of them has just been dropped from a very important committee, and that’s just the beginning for him!
@Kemi’s Cousin & Olubunmi Oludotun
KEMI’S COUSIN and Olubunmi oludotun, you guys must be Nospecto touts trying to pull the wool over investors eyes like your chairman. How can you still defend Nospecto if you are not working for them? This so called chairman instructed them to post false payment details in front of Nospecto’s office since last week, and nobody has gotten a dime from them yet.
According to the paper posted on the door at the nospecto office all payments for may would be made by Sept 31st, and up till now no show. So can you guys explain that? If anyone still thinks Nospecto is still going to pay the money they owe then they need their head examined.
Right about now people should be thinking of a way to bring these people to justice and dont let their agents like Kemi’s cousin and Olubunmi Oludotun try and use delay tactics for you. These guys are both agents of Nospecto trying to calm you down and make you think you will still get paid!!
@All,
Please, is it possible to filter out those who are Nospecto agents from this forum?
“Kokoro ti onje efo, idi efo lowa o!”.
“Amam onye ngaeze?”
“please let someone help me with the hausa version…”
This is so we know how many of us are genuine agitators in this struggle.Those of us who are not in the country rely on authentic info from this forum to know the state of things back at home.
@Deolu Take note
@Tony please expedite action on this asap
Aluta continua!
@ Tony
I once heard somewhere that not to be informed is to be deformed, and I hope this is not your case. You obviously have the wrong facts and figures. God and read page 60 of The Guardian, Wednesday August 22, and you’ll see that NOSPETCO is in good business. A lot of people have preached patience here, and I’m joining my voice to theirs. If I had enough money, I’ll you off and have you transfer your slots to me.
hello,
As curiosity will always be the judgmental of the mind.Behinde every rumours there is always a simple fact.We all are either into try to gain more income for the oneself or your family earning increase.
All business enterprises will one day under go a moment trial no matter what am not in support of nospetco delay because i staked alot with them.Anyway to retrieve before the oct 15 given to divestment send a text to someone with a backup….i will leave that idea to the curious mind to figure it out.
Behinde every fortune there is always a mis-fortune,..fortunately so
Hello boye,
I believe this forum is for us to share useful information with one another. Please if you have any information that will benefit us as per NOSPECTCO kindly share it.
@ Opopo and Tony
Goodday my fellow investors,
I was at the office of NOSPETCO today and infact I have just arrived. I did some fact finding and I want to share it with you guys. I am doing these bcos information is very vital.
First of all, WE ARE YET TO KNOW WHO OUR REAL ENEMIES ARE – who knows whether Opopo and Tony are Bank and SEC touts(enemies) who are carrying the propaganda of our ‘enemies’ to the internet, and also I am not a staff/tout of NOSPETCO, anyway thats not the issue. I am here to talk FACTS.
From the discussions and eavesdropping lol I was able to gather the following:
NOSPETCO has 2 vessels ladden with fuel and they are currently offloading these to be put in a farmhouse. The problem is this:
1. To place an order for this, you need a Letter of Credit – to get this is MONEY and it lies fallow until your order comes.
2. It takes an upward of 3 months for your order to arrive.
3.It takes about an upward of 1 week to offload the ship to a farmhouse. I heard thats the stage they are in now.
4. After all these, you start selling and you start receiving your payments. Thats the stage they are going into now.
With this info i got, I am rest assured that NOSPETCO will bounce back. God bless.
I will gist later.
LONG LIVE NIGERIA!!
@Olubunmi Oludotun
Does what you just said make any sense to you?? How does this explain why people haven’t been paid? Did they say anything about vessels and fuel when they were taking peoples hard earned money?? It obvious that you are blindly defending Nospecto, and the only conclusion that i can draw from this is that you work from them.
What happened to the payment schedule that they posted last week? Now all of a sudden na vessel and fuel wahala dey worry dem? How long would you advise people to wait for Mr Oludotun? It’s been 4 months already, so i guess we should wait for a year before taking any action huh? You are not fooling anybody, i will advise people to start demanding there money back [at least the initial deposit if possible]. Ignore this Oludotun guy at this stage he hasn’t got a leg to stand on to defend Nospecto unless he is a tout for them which i am sure he is. I guess his own advise is for all investors to just shut up and keep praising Nospecto’s name.
the most important thing is that this people are in to serious and legal business. this is the content of what is reported on Guardian of 22/08/07
“Nospetco partners Plural Oil on offshore operations
NOSPETCO Oil and Gas Limited, an emerging indigenous oil firm, has entered into a partnership agreement with Plural Oil Marketing Limited for offshore operations and international trading. The company had announced recently its plans to invest N3.5 billion on the manufacturing of lubricants in Nigeria so as to ensure the supply of standard lubricants for services of manufacturing plants, heavy duty vehicles and production facilities in the upstream and downstream sectors of the Nigerian oil and gas industry
The Managing Director, Nospetco Oil and Gas Limited, Alhaji Siddiq Manga, said at the signing ceremony of the Memorandum of Understanding (MoU) that his company decided to partner with Plural Oil in offshore activities as a result of the impeccable past performance recorded as an international trading firm in the downstream sector.
This, he said would assist the partners to benefit from the wealth of experience acquired over the years by the Managing Director of Plural Oil Mr. Tunde Oyefolu. “The partnership is to focus on vessel to vessel sale (ship to ship transfer), constant supply of refined petroleum products to licensed end users as well as constant logistic services,” he said.
Manga disclosed that two vessels have been acquired on time charter from Pan Afric Nigeria Limited for the purpose of servicing its offshore operation. This includes MT Livia and MT Tuna 3. He said that financial instrument for Intercontinental Bank and Guaranty Trust Bank are currently handling the joint venture. The joint venture has equally opened up discussions with more Nigerian banks particularly Oceanic and Skye banks for the purposes of acquiring offshore vessels and storage depot. “Progress have also been recorded to finalise discussions initiated during the last international petroleum week held in London in February 2007 by Mr. Oyefolu on behalf of the joint venture with BNP Paribas of Paris for offshore trade finance arrangement”, he said.
He called on chief executive officers of indigenous oil companies to come together and partner with each other so that indigenous oil companies would take over operations of the downstream sector as it is happening in other countries where major oil companies have been concerned mainly with upstream activities. This, he said could be achieved without creating vacuum in the market.
“Before now, activities in the downstream sector were controlled by the foreign majors but with the enabling environment and deregulation policy put in place by the government, it has challenged the local firms to become the envy of major marketing companies especially in the distribution of diesel to industries and acquisition of their retail outlets to improve distribution of petroleum products to end users nationwide”, he said.
On his part, Oyefolu promise to bring his enormous experience to bear on the operations of the joint venture. He noted that the joint venture has started yielding significant positive results in the supply of large quantities of petroleum products particularly automotive gas oil (AGO) and low pour fuel oil (LPFO) to licensed coastal end users in Nigeria. “The synergetic efforts of the two companies have delivered products to companies like Bracah Lubrication Limited in Lagos State with LPFO”, he said.
He added that Honeywell and Gas Limited has also benefited from the joint venture with delivery of large quantities of diesel to its tank farm in Calabar, adding that two companies at the Onne Oil and Gas Free Zone in Port Harcourt namely Cien Limited and COL Nigeria Limited have received delivery of diesel through an arrangement with Sahara Energy Resources by the Nospetco/Plural Oil joint venture. “
OOooooooooo!
tony
believe me I am also an investor I only share the Plural deal to make us all know that they are still alive, but honestly I also feel they are supposed to even come out and tell us truly what is wrong, but they remain silent!
@Tony,
I dont think you should waste your time talking with “agent” Oludotun.
He has nailed himself by telling us the kind of business he is into. Imagine this “From the discussions and eavesdropping lol I was able to gather the following—–copyright Oludotun 2007″,It is not surprising this is how this agent who goes about masquerading himself as a Nospecto investor gets his fallacious gists from and then comes to the forum to pour them out to unsuspecting genuine investor.
@”Agent” Oludotun,
You have to watch the kind of stories you post on this site.Afterall, I only asked if it was possible we have impostures in our midst and then you came out to get yourself exposed.And more importantly you have to watch where you eavesdrop before someone cuts those ears of yours taking them for kpomo.
@All,
Please lets be vigilant.It is clear we now know that there are wolves in sheeps clothings amongst us.
Aluta continua!
@ Tony
Of course it makes sense to me because I know where my money is and where it is working for me. I know that my money is being tied down, and they are working towards paying me my returns. It is not as if they willingly ate my money bcos thats what your comment is isinuating.
“Did they say anything about vessels and fuel when they were taking peoples hard earned money??” – Did they forcibly take your money? didn’t they state in your MOU (if u ever read it) the type of business they are into?
Its not as if I am just supporting them blindly, I have school fees of my children to be paid for, by the way. They problem at hand is as a result of lack of/no strategic management. They didn’t manage the crisis well.
All this came at the time when the Banks and SEC started attacking them and also when they invested large sums of our money for expansion. (I will expantiate on this later)
Tony you have a right to express your own views, but all I am trying to do is to share the information I have to people who need it cos’ its vital. I AM NOT A STAFF NEITHER AM I A TOUT.
NOSPETCO – OUR COMPANY, YOUR COMPANY.
@ Opopo
FACE FACTS! FACE FACTS!! FACE FACTS!!
I challenge anyone to go and inquire if I am a staff or a tout in NOSPETCO.
@ Olubunmi Oludotun
They didn’t forcibly take anyone’s money but they DID imply that they would pay monthly, and that you could divest anytime you wanted after six months. So Mr “my money is working for me”, why have they not fulfilled any of those requirements?, why did they post a payment schedule on their door and not fulfill it?
If that is not delay tactics to you then you are not really an investor. Every HYIP in the country has folded up so far [Wealthsolution, treasureline, e.t.c.], and there is no reason to think Nospecto hasn’t or is it a coincidence that they can’t pay when the others cant pay too? what makes them different in your opinion?
Why can’t they make an announcement and stick to it if they really really intend to make these payments?
A 4 month delay in payments is no joke at all and sooner than later people should start protesting in front of these so called gas stations that they claim to own or else they WILL vanish completely soon.
Let Nospetco conduct their business in a professional manner and update the joint venture partners on the situation report.Enough of this buck passing,cat and mouse game or is it see – saw they are playing with their teeming partners.
All warring factions should please sheath their swords. I checked my account yesterday and found May payment came in on the 13th of this month. I want to believe we are only interested in collecting our dough so lets not split hairs on who is an agent or not. I would advise constructive contributions from all so that we all can benefit.
Enjoy
Nobody should believe what this leno9 guy is saying, and if it’s true then he’s probably the only one that Nospecto paid. Are you trying to tell me that Nospecto paid you on the 13th and nobody else was paid since then? Come on lets try and be serious on this forum, you Nosspecto agents will have to face the music at some point in time, and i urge investors to start thinking on ways on how they will get their hard earned money back.
Leno9 you did not get paid by Nospecto, the investors have been subjected to this tactic before, it will not work this time.
you know what you lads& chicks,according to what i heard in every 2week nospetco will be paying people i myself have not been paid.I guess you all are bitter.Come to think of it.This is HYIP game.We all know the risk involves.Tough tout agbero whatever you imply on anyone.
Everybody is pouring out there anger.Anyway leno9,tony,if you were paid,funny you the only person to come out with these at list 1 out of a million.My guy ORI TI O MU WA ILE AYE YI DA GAN OOOOOO.
Odd to me.unless someone from 1st bank says he as been paid then i can say our money investor are back on track.For now they are stuck in Yar Vs Osu campaign
Have not been PAID as well ooo..i stake more than what u…
Boye says B good to yourself
ive been paid may returns since the begining of dis month. so its not surprising if leno9 said theyve paod him. tho im using GT Bank
Tony, I don’t intend to join issues with you as facts are more important than what you believe or percieve the situation to be. The fact is I was paid for May on 13 Aug, period. Like I implied earlier, my understanding of this forum is, its all about information sharing. I was probably one of the last investors to receive April payment (in July) and I was encouraged because other peeps were getting paid, so if I am one of the first to receive May I figured I should let others know. I use Standard Chartered Bank. Like Boye said Nospetco is an HYIP, in lay man’s terms “High risk, high reward”.
Except we derive some inane pleasure; venting our spleen on this blog is of no consequence because the only reason we log into this site is to seek info on our investment and nothing else (Hmmmm on a second thot I speak for myself on this).
However, this is not to say you do not have genuine reasons to be aggrieved like everyone else. If Tony, or any other vexed investor has a legal way of compelling them to pay us regularly or refund our dough, I am all for it and you can count on my support.
Lets stay focused on the issues and institutions.
Enjoy
Hi All
I am the publisher of MyNaijaNews. I stumbled upon this site while checking my hits log. I’m advocate of FREE SPEECH. I project that tendency unto my news service.
MyNaijaNews is not an opinion blog. It’s a NEWS service. It Reports NEWS. It does not choose, neither out of fear nor favour, which NEWS to publish.
If Nospecto clears it’s backlog today, MyNaijaNews will report it.
Next question……
@All,
Fighting on this blog is totally wrong.What we should be interested in is how to get our money out.All of us visiting this blog has something in common,we are investors whose monies are trapped in HYIP.
Fighting or calling people names will not help us to recover our money.I believe there is freedom of expression.
Let us write about solutions not abuse.
I want to use this medium to beg those people giving false information to desist.Giving false information will not help us all
Hi everyone, am new on this site and am tired of people blaming each other about this Nospecto thing. I am an investor too in Nospecto, but one thing i want you guys to realise is that the business is high risk and high return. So if you have the liver as people always says do it and if you don’t, please keep your money. The business is okay and genuie, i have been with them for the past 3yrs and they have been paying. One thing i want you guys to know is that some greedy nigerians that they don’t want people to be like them are the one giving Nospecto wahala. I have been paid May if u want to hear and soon i will collect my June&july payment. Don’t be surprise and just be a good risk taker that is my advice to all of you.
NOSPETCO has no respect for the JV Partners thats the reason they have not come out publicly to communicate with their Partners. This in turn is leading to these types of dissaffection. I believe if they communicate more, all these dissaffections would be reduced.
hello Guys, i have not being paid too, but someone who went there said they would pay may returns at the end of Aug, June by Sept 15, July by Sept ending, but to me i hope and keep my fingers crossed that they bounce back and pay me my returns, cause this promises to pay are becoming too frequent, yet no show.
hi, everyone
The fact is nospetco cant pay any more returns now,come to think of it if they havent paid may now ,what hope for june. we should all count our losses and learn to let go.
i got an information that nospecto payments are made through union bank and that’s why there’s this delay in payments. is any informed about this development?
how long will take union bank to make money available for first bank customer for may return……..I will die ……no money to eat, my landlord is coming to my house everyday. Pls anybody in the house that know when NOSPETCO will pay. I want real information
when is wealth solution actually going to pay, pls any one with useful information
@Ade,
I understand how you feel. like other guys had said you need look elsewhere. to raise funds
I simpathis with you.
its just a phase that will pass
soon enough everyone will forget about nospee.
its such a pitty this hapend to guys like us that are very much educated
no long talk. have a nice weekend
Nospee has faild
Its sad….so so sad…..I have been in adream being stupid that nothing can go wrong with NOSPECTO! Well how wrong i was. I truly hope they pay back all our monies much sooner than later
are you saying that NOSPETCO has failed totally? Ma ku oooooooooo
If you are still waiting for Nospecto to pay you better stop wasting your time, i think Deolu’s question [the name of this blog] has been answered.
I think people should not take this lying down though, they should start protesting in front of there so called tankers and gas stations ASAP, or there will be no hope of getting back a single kobo.
@ ALL
I saw the ship that the Olubunmi guy was talking about with my korokoro eye. I believe there is hope.
@targus
which ship did you see? where and when…….I don’t want all those sorry again …..I only need my money. The company failed to may, june, july ……there is augus now……what kid of ship did you see.
@Targus,
If you see ship nko? Na ship dem promise you when you drop your money for Nospecto? That might well be the ship they are using to cart your money overseas!
How long do you have to wait before you react? I think it about time investors got together and put some kind of pressure on these Nospecto guys……….i am open to suggestion.
@all,
pls anyone got some current info on wealthgate?pls i’ll so much appreciate it if i could get some info about their current status..are they still paying or will they be returning back investors money jst as the rest..pls any useful info from the blog will be highly appreciated…my email is seun4lifeng@yahoo.com you can drop me a mail,if wish to be addressed in private.
Olubunmi Oludotun God will punish anybody who takes from the poor and does not pay them back. I hope you are right about NOSPETCO, but you must admit their management of the situation is pretty awfully. I know their hands may be tied by the big boys or who knows; they may have robbed us all.
As for the big boys in Nigeria, may you all burn in hell, may your riches bring you sorrow, and if your kids do not learn to be helpful to the poor in Nigeria, may the money you leave them bring pains of all sorts.
NOSPETCO should try and communicate with its investors. Though note NIGERIANS violence will not solve the present situation. Dialogue PEOPLE! Dialogue! Lets show we are eduacated.
invest in Niga,
that was quite touchy.i must say i do grief and send my condolence to your AGPO.The big boys are really playing us no doubt and the only way is to drift along with the trend and wish for the better.
it’s a new month now and yet we are still awaiting.Okay invest you know what i will do you a favour …but b4 that let me see a new posting from you and i will do you my favour,but remmember a favour now obviously will be something inretur….
Boye says B good yourself
@all
Is there anybody that know anything baout currrent situation on Nospecto pls kindly update me b4 I kill myself…..any hope?
Hi.
I heard from a stranger that they have put a hold on returning the funds of those who want to divest till October so they can start paying people May, June, and July money. This is meant to take place between 1st and 15th of Sept. let’s pray it happens folks.
All the best.
Well, I will suggest that the Management of Nospetco should look for money and pay off those that want their money. I learned they are into join venture with Plural oil for international business. Please let those that want their money get it since the interests are not coming in again and no body is sure of when things will stabilise. Some have not even earned any interest since they invested and to survive is difficult as many invested their last hopes.
@Emmy,
Na today????This is the same old story we keep on hearing over and over again.Infact am tired of all these cock n bull stuffs.
Even if Nospecto bounces back 2moro,I might think twice before deciding to stay back in the venture because they have clearly shown they cannot manage “people and crisis” and unfortunately,that is a veritable tool in any business that must strive.
It is a clear indication that paradventure they stabilize and run into similar crisis some other time in the future,then people will just have to be content with having their “hearts in their mouths”.A very bad omen i must say.
@yemmy,
I know you are my most dependable earpiece:-)(no thanks to agent oludotun).Any hope for IBTC investors?Pls holla me and let me know whats up.
@All,
Guys we have no option now other than to keep on hoping and praying things get better.
It is well!
@ Boye
Well! Well! Well! I’m truly in a lot of pain about quite a number of things in Nigeria. But I guess such is life and the fight continues.
I only wish Nopetco for a change could be pretty straight forward in dealing with their investors. They should stop this cat and mouse chase, spill the beans all over the table and try and rebuild the confidence of their investors.
Favour? Hum! OK I’m listening.
i just got this site and want to ask your advise to people that have their money in Nospecto and are yet to receive neither interest or the principal and cannot liquidate as it is now.
if there are any investment opportunities that one can take advantage of i would appreciate it if you will advise me through my email.
@All
Any new development on NOSPETCO case regarding to our return for May, June July and Aug? Anybody in the house that know anything about them?
i heard from a friend who told me nospe lagos office has been shut for now due to severe beating by those retired soldiers.
whao! i dont blame those soldiers they are tired of listening to old stories from them.anyway,investors shld summon alhaji to react fast on this.the whole scenario is very funny and disgusting.are we still collecting our initial capital or not?he shld be bold enough to assure us of that immediately.
Please someone should help us confirm this story abeg. I expect that to be in the evening news if thers is anything like beating. When did that actually happened? If it has been shut down, when will they reopen and what happens to people’s monies?
o boy…all these writings have solidified my mind 2 write off nospe….
it wont be easy but man has 2 move on…which i could recover d money 2 invest in dangote flour
@ ojoshua,
please can you post your email address on dis blog so i can reach you as regards your question or you can reach me by mailing me with emmyk4real@yahoo.co.uk.
cheers
@ all,
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hello investors,
i think its high time we spoke our mind to nospetco.they shld never think silence of a lion does not indicate his cowardness.the fact that we investorshave not done something funny like the old soldiers does not mean we dont know what to do.watch out next week. till then.
@ all
I can confirm from a very reliable source that the EFCC and SEC on Thursday gave NOSPETCO a specific mandate to return investor’s initial capital within the next 90 days.
With this development, NOSPETCO can keep the rest of unpaid May, June, July, August, Sept, Oct, and November returns, and pay investor off in the 1st week of December to beat the 90-day deadline.
Think about it, investor’s returns for 6 months and payoff after is not a bad deal for NOSPETCO and investors getting back their monies back in the 1st week of December is not a bad idea either, at least for me.
Thanks.
Can someone pls verify this story of EFCC & SEC asking NOSPETCO to return investors’ capital? I wonder why they are so interested in running this guy out of business? I have it from solid sources as well that even the bigshots of EFCC have money in NOSPETCO. Why should they be this callous in denying thousands of Nigerians the opportunity to get something back for themselves that the banks were never able to give?
hello investors,
i think it will be better if the arrangement is made like that and not that they are only using that to calm the aggressive investors down.i wont be a party to that.they shld be bold to tell us when the initial capital will be paid.SIMPLE THING.
i hate lies.
@ Loba,
Are you okay? Why don’t you want investors money returned to them? After all they are not making any payments, so they should at least be able to pay back the money they received form the public and let everyone go their separate ways.
I don’t understand the way some people think sometimes.
I learnt that the NOSPETCO MD called 4 investors meeting today, though I know that nothing is important to us than knowing when to be paid, My friend when to attend and I await his return 2 hear what he want to say again.
@Ahmed ,
Pls keep me posted.
Am far away from home and really rely on u guys for hot info on nospee.
@All,
Lets keep on praying.There seems to be light at the end of the tunnel.
Regards.
Thank God there are plans 4 NOSPE 2 refund my investment…i had earlier thot d money was sunk cost.
At least i will have money 2 invest in DANGOTE CEMENT later….kudos 2 EFCC n SEC…i hope this is done accordingly
lets pray that nospetco have enough liquidity to pay the principal.
@
Let us pray that all will be well with them because a lot of people are in limbo.
I wonder why nospetco has decided to ignore investors by not communicating.Why did they make us fill our email addresses & phone nmbrs while entering the investment.I applied for divestment of mine which i entered april 2006 since June 2007 but no response from them yet.I only wish they’d be Islamic enough to respect people’s wishes.Islam means PEACE.
how long shall we keep hearing of their endless promises?Why won’t they pay off investors their initial capital + the dididends for May-Date?
They should pay every bit of what is due to investors.
@Ahmed
So what gives on Nospetco..
What did your friend say
Is like it is the usual promises! when I ask him about the reaction of the investors, he said they were too vilent. according to him almost every body is not even interested in the deal again, but the MD said they will pay every body before the end of the year.
to me all these are nonsence.
UPDATE ON WEALTHZONE
From: Wealthzone ltd
To: Wealthzone Customers Care
Subject: WEALTHZONE ALERT: Recent Development
Dear investor,
Good day to you. How have you been? We trust you are doing great.
We want to first of all re-affirm our apologies for some of the delays and hitches which must have caused the various inconveniences you must have been burdened with in the last few days. These incidences are highly regretted.
We are not unaware of the various challenges that have hit this industry within the last four months. It is safe to conclude at this point that they are necessary for the growth and development of this new industry. The good news however is that even though most of these challenges have begun over 4months ago, we have,
independent of ALL our clients, gone around it at no detrimental cost to our valued investors,except in recent times when we have had to share some of these issues.
In view of some of these issues ranging from industry operations and requirements, regulatory and affiliate requirements/demands,bearish market conditions (market downturns), some internal restructuring and evaluation processes going on – as regards our assets and investments/investment instruments, we would be craving the indulgence of all our stakeholders (clients), on a following;
1. Returns on investments (ROI) would be post-dated for the months beginning from August – November, and all accrued would be paid within the first week of December, 2007.
2. Fresh investments in the “fund” would not be entitled to any returns within this period. Returns for new investments (based on the new policy), would be paid on a quarterly basis for the first half of the tenure of their investments.
3. Investments whose tenure expires within this period would be noted and capital paid consequently.
As much as these inconveniences are regretted, these measures have to be taken to ensure that;
• We PRESERVE INVESTORS CAPITAL (under best fund management strategies), which is a key indicator for a good hedge fund management company.
• We do not put the entire system under the prevalent industry & market risk.
• Tackle some of the pressing regulatory/affiliate requirements/demands quickly.
• We can afford to build and re-evaluate, re-position and reap the benefits of a well managed fund/investment.
The good news however is that;
• All accrued returns would be paid not later than the Payment week in December.
• RETURNS ARE NOT BEING CANCELLED; they are simply posted dated (which would make sense in the long run).
During this period, WEALTHZONE LIMITED would;
• Keep ALL her investors/stakeholders abreast with their investment position with the “fund” on a monthly basis through monthly statements which would be sent out via e-mails. Clients could also walk into the office to receive the same information personally or via sms.
• Update her clients on progress made as often as the need arises.
Consider these facts;
• That Wealthzone Limited has been consistent with returning excellent rates for her investors under a good asset base and bottom line, over the last three (3) years.
• That we have never gotten our clients involved in most of the issues (from operational, to market downturns, to industry related issues), within the last 4months+ of their surfacing up until now.
• That we had made provision from the onset on how to handle market downturns and the likes. However, we have also said that investors/stakeholders would be communicated on carefully-thought-out actions to take and the results could either be deferment of returns in some cases, fund roll over in others, etc. What is important to note is that a strategic approach would be taken to safe-guard investors’ capital.
***These changes do not affect investments in the Megabucks Basic Plan of the “fund”. Investors within this plan still have their procedures and proceeds fully operational.
We see reasons with the fact that some of our investors have monthly obligations to meet with their returns, just as we have monthly obligations to meet with our investors, but in rare seasons like this, as in any market, business climate, hedge fund or investment pool all around the world – you cannot prevent downturns, but you can preserve and recoup value after the downturn.
Once again we appreciate your partnership and concern – as we build Africa’s biggest and most efficiently run hedge fund.
Have a wealth-zoned day!
MANAGEMENT
For:
WEALTHZONE LIMITED.
I WILL JUST LOVE TO GET SOME THINGS STRAIGHT TO NOSPETCO ADMIN. CALL A MEETING AND WE CAN ALL HAVE DISCUSSION.
Hi ALL,
I just got this info with respect Investors in NOSPETCO, there is going to be an investors meeting in a few weeks to finalise modalities about the payments.
The management of NOSPETCO have also contracted or outsourced the payment segment to a consultant and the details are as follows:
Name – NKEM of Valegate Nigeria
Mobile No – +234-807-308-9210
Email – nospetco@valegateng.com
I think the above info should go a long way to press home ALL demands and get the details of the proposed meeting.
All the best folks
@Olanrewaju O Lewis,
Sorry to say the information you have given is rather a misinformation as there is nothing concrete about it.
For your information “valegateng.com” is an address that does not even exist on the internet and not to talk of the email address you have posted.
I do not want to waste my time and $HK trying to call the phone number as I very much believe its going to be another “mirage”.
Like I have written earlier, I still want to believe Nospeto has some people amongst us who are determined to calm down the nerves of investors in this forum just to buy more time.
@All,
You have to be on your guards like I advised earlier on.
I had to learn the hard way. NEVER INVEST IN NIGERIA, no matter what the returns are.
I’m sure many have got their own tales to tell as well. My faith in Nigeria had just been rekindled so I decided to move European assets to Nigeria. I suppose you can all laugh at me, “Silly man or should I say greedy man that I am”
At least, I am alive, so I will cling unto hope but not in Nigeria never again. (Sorry some of you may not like that)
As for NOSPECTCO, I hope you do not end up doing more harm than good to Nigeria as a country. Nigeria needs foreign investment, the world is global and Nigerian politicians should always bear this in mind as scaring off investors will not do the country any good. Also creating a strong middle class is the only way any country can progress economically, see what’s happening in China and India for instance. So allowing a few people to become rich will not kill off your riches, “A word for the rich” or the so called big boys.
@Oropo
I want to believe you have some knowledge and experience on how search engines work…not all websites appear immediately until it has been crawled into the cache of search engines. Similarly, I have been following your comments on this thread and with all humility, I don’t think you have a sound judgement or have a right to condemn or decide on who is who or what is right on this forum.
I am not an agent, neither am I a staff of any HYIP not to talk of Nospetco. The information I gave is not a hear say, this is what I got from my very own mother who was at the office of Nospetco yesterday. I am not in the category of people who prey on deception – such people never last and have terrible ending. I am not resident in the country now and please, please and please stop this unnecessary character assasination of trustworthy and respectful members of this forum. They have their integrity and name to protect and will not wash it away because of being in this forum.
ALL the information I gave is True – Its left for you to confirm it.
I just spoke with NKEM of VALGATE. Unlike what Opopo said, he is not a fraud. Valgate is a consulting firm that Nospetco hired to put things right.
The only thing I would say about the MD of NOSPETCO is that he is God sent. If we have about three of his kind in the Nigerian government, Americans would start envying us.
Please, let us not see this blog as a forum for insults or accusations and counter-accusations, instead, let us consider it a medium for information.
GT Bank’s MD should also be given kudos as he is a man of intergrity who has not been swayed by the wicked money bags that want to frustrate NOSPETCO.
Please, let us give NKEM a call, I’m sure he will calm a lot of frayed nerves by way of his explanation.
Thanks.
@ All, My two Cents,
I ask that we pls respect ourselves and keep the spirit of sharing information and providing support.
I believe that in times like this, what we need to do, is gather sufficient information to take rational action and be patient with Nospetco and all the other fund managers. Let’s say we saw some of this coming.
I however think that Nospecto will get over this stage as will a number of the others. Let’s not lose hope totally. At least it’s clear to all that I am no agent…once again, my thoughts.
Cheers
Adeolu
Thank you Deolu and Chinenye – This forum remains a source of information to ALL and a greater percentage of informers are men and women of high integrity.
We need to respect each others view, and criticize constructively not abusively, insultingly or otherwise.
I wish ALL a wonderful day.
Cheers
Thankyou Olarewaju for providing Nkem’s number. Leno9 greetings to you.
NKEM’s number might be a hotline now…so I’d share what he told me;
1. NOSPETCO is still waxing strong…even stronger than before.
2. The present problem (artificial problem created by the so called big boys) had been on for some time but NOSPETCO’s MD just kept paying investors with the hope that he would overcome the obstacles.
3. Some staff of NOSPETCO made the mistake of paying people alphabetically thereby causing more anger for investors.
4. They now want to clear May dividend by paying bank after bank as advised by them (consultants). Next is First bank investors.
5. This would be followed by payment of the accrued interest to all investors. This will be added to the capital. If you had N450,000 for intance, five months’ interest will give N200,000 thus totaling N650,000. At this point, if you decide to divest, all well and good.
6. That NOSPETCO’s OFFICE seems deserted because staff members have been attacked by angry investors, however, the MD of GT provided a condusive office for NOSPETCO’s MD at Ikoyi.
7. That NOSPETCO’s MD decided to accept the office because three different women (I guess elderly) had bared their nakedness (out of despair and frustration) to him.
8. That the MD would have actually accepted N10 billion from one of the so-called big boys to pay us all off and ‘do’ business with him but refused.
9. His refusal stems from the fact that a lot of people that started NOSPETCO were poor widows who pooled their resources together for him to use. These people have always been calling to thank and bless him. Why would he now let them down because of a few ‘big-boys’ that have put him under pressure to let them go?
10. That the MD is a man of intergrity (ofcourse, I totally agree)
11. That NOSPETCO will definitely bounce bank.
I hope these pieces of information will help.
Thanks.
@ Chairman, Welcome to Naija!
@ chinenye
Many thanks for your piece of information. After thorough analysis I wish to share the following with you:
“They now want to clear May dividend by paying bank after bank as advised by them (consultants). Next is First bank investors.” This is not the first time we have heard/receive text of their intention to make payments. Since July, events and time have proved to all of us that intention is not the same thing as actual with Nospetco.
“This would be followed by payment of the accrued interest to all investors. This will be added to the capital. If you had N450,000 for instance, five months’ interest will give N200,000 thus totaling N650,000. At this point, if you decide to divest, all well and good.”
You need to have a sound knowledge of cashflow/treasury management to thoroughly understand the weight of the above statement. Forget about all the gist of EFCC/SEC investigation. The fundamental issue is deficit or reduced cashflow. A new born baby knows that Nospetco has cashflow problem. I am not in a position to explain why; that is another long gist all together. In a nutshell, less people were investing with them when it came to light sometimes in March that EFCC was looking into their business affairs. Do you know what it means to be in arrears for 4 months in any payment? I humbly submit to you that there is absolute no way Nospetco can pay all outstanding arrears plus capital at once. It’s a matter of time; future events would proof me right or wrong. How does he fulfill investors like us that have 8 figures investment. His best option is to pay instalmentally. My letter of divestment dated 4th of April would probably be in the trash by now. If you ask me if I would ever get my capital back; I don’t know, that is the outcome of high risk business.
“That the MD is a man of intergrity (ofcourse, I totally agree)”
That is a statement of opinion by those who know the MD very well, obviously you are privilege to be among the few.
I do not know the MD personally, but I respect is business acumen. Unfortunately, based on the current circumstances surrounding the appalling situation of Nospetco, I have little or no respect for him with the way he treated the joint venture investors. With my little knowledge of strategic management, to succeed in any venture in life “you must have the ability to communicate effectively with all stakeholders within your business environment at all times”
I would have respected the MD if he were bold to be candid enough to say “Due to circumstances beyond my control, I herby suspend monthly dividend payments till further notice.” At least then most of us would no longer rely on the monthly cashflow
from Nospetco. Rather, he kept complete silence. He definitely needs to go on a PR crash programme.
“The only thing I would say about the MD of NOSPETCO is that he is God sent. If we have about three of his kind in the Nigerian government, Americans would start envying us.”
Haba Chinenye, how can you make such a statement. Here is a man who is putting a lot people in misery. I shall concur to your statement if he hold his head up; and at least refund all investors capital before the end of year. I would like to draw your attention to the main objective of setting up a business. It is to maximize shareholders wealth. Who are the shareholders of Nospetco? Your guess is as good as mine.
Finally, no matter what happens to Nospetco, life must go on. At the moment all I can say is both Nospetco and joint venture investors is “look me and look you”
Judges we are waiting for you!!
The valgate email addresss in non existent. Please endeavour to confirm your info b4 circulating mischeavious information
@chinenye,
tanx for the info..but do u ve an idea when they want to start payin the May returns?
tanx
This is really encouraging about nospetco going stronger, i never want to quit nospetco, i just pray they get back on feet and start paying us back.
Hope well
Thanks for this piece of information. I would appreciate if i could know how to go about divesting from Nospetco.
When will investors using GTBank be paid for May?
Pls any info on Sefteg July Payment, I use GTBank
Thank you.
@GWE_guru,
I am in total alignment with your views.
carry go!
Chinenye
I hail. Thx for the elaborate update. Lets hope the year ends with Nospetco settling everyone. Whats Nkem and Valegate’s role in all this? Does Valegate have a physical address?
Whats up with wealth Solution anyway.
hello, thanks for ur info on this investment companies, think cbn will have to clearify more issues ,later
I have also had the opportunity of speaking one on one and face to face with Mr. Nkem who actually radiates a most infectious positive attitude. He made it clear to me that the Nospetco issues are not beyond resolution but that it does require a little sacrifice from both the company and the joint venture partners(investors). His company has mapped out a strategy for the turn around of the of the company. He wasnt able to give me the details but this is what I gathered from the fifteen minute discussion I had with him in one of the more popular eateries on the Marina.
1. The company is quite viable and is definitely not
closing shop.
2. The company must stop honouring all divestment
requests up till the next 90 days.
3. Selective payments of all returns and divestments
must stop immediately. All investors must be
treated equally, irrespective of any qualifications.
4. All investors must be paid their May returns before
the end of the month of September and payments
will be made using a bank by bank criterion only.
5. Nospectco must reach out to all its investors as
regularly as possible. His company intends to
initiate this from the month of October and all
investors will be involved. The consultants will,
communicate with the investors through visits, sms,
emails and also through various investor fora.
6. Subsequently all investors will recieve at least
quaterly newsletters from the company. This should
keep them abreast with the companys’ true position.
7. His company will have to work tirelessly to ensure
that the company is restructured to suit all interests.
8. His company also has the assurances of Nospetco
management that nobodys investment nor returns
will be lost in Nospetco. Incidentally Mr. Nkem really
believes this people. Maybe he knows something we
dont. I find myself believing him too.
9. The only snag is that Mr. Nkem refused to reveal the name of his company and its physical address.
His reason was simple. His office is not a branch of
Nospetco so he cannot allow people to bombard
their offices. They have only been contracted to help until the issue is resolved and the company restored beyond its previous glory. This they cannot achieve in atmostphere of noise and pandomonium.He will however be visiting the offices of Nospetco everyday for a few hours until the problem is completely resolved.
10. He did however provide me with an email address
requesting that whatever information that we sought or whatever suggestion we have to turn around Nospetco would be welcomed and given due attention if they got a mail on that address.
Well bloggites, we can only wish this passionate, confident,well spoken and very intelligent young man the very best. If you ask me, this is the best thing that has happened since the nightmare Nospetco commenced. I can tell you that this guy is good and he knows his onions. My only question is will they (Nospetco management) listen to him and act according to his advice. He is good. I will see him again on Monday morning and if you want I can repeat what we discuss with him. I may also request him to blogg on this site.
@ Lekan Tesleem
Stop feeding us that nonsense about meeting with a phantom MD, we’ve heard all these stories before.
My prayer is that the chairman will consider the pains investors are going through, and refund every body their capital. If the authorities are not comfortable with what he is doing he can not force his way through. Let him not think he can go on using peoples hard earn money to better his business without paying for it. God will not allow him. I will keep saying it, let him just be sincere and make practical arrangements to refund people thereafter he can continue his business the way he wants it.
please i started this flagship investments under Nospecto in march paying #25,000 per month for six months. i paid ythe last in august expecting my money befor the 2nd week in sep as i was told. but up till now a have not gooten any reply from them or money paid in my acct, pls can anybody tell me whats up and what to do?
@ deoluakinyemi
I am having difficulty submiting comment on your site. Please check web site.
@ deoluakinyemi
Please ignore #337
@ Tony & Dave
Big it up guys!! For your intelligence. Hope people like Lekan Tesleem are listening?
@ Lekan Tesleem
I found your piece very pathetic and nauseating, base on the following:
“The company is quite viable and is definitely not closing shop.”
That is not our business because we are not shareholders but joint venture investors. The company is quite viable my foot; but could not meet monthly repayments for almost 5 months.
“The company must stop honouring all divestment requests up till the next 90 days.”
I requested for divestment on the 4th of April, 2007. Up to date I have not received a penny from them. I believe there are many more like me.
“All investors must be paid their May returns before the end of the month of September and payments will be made using a bank by bank criterion only.”
Haba Lekan, how can you buy that? I don’t know if you and I live in the same universe. I stake a bet that I shall forfeit 50% (which is 7 figures sum) of my May returns to you if we all get paid on or before 30th Sept. Just for your memory today is 18th Sept, 12 days to go. I am counting oh.
Part 2 to follow
@ all, continued from #338
“His company also has the assurances of Nospetco management that nobodys investment nor returns will be lost in Nospetco. Incidentally Mr. Nkem really believes this people. Maybe he knows something we dont. I find myself believing him too.”
Keep on believing them until they dump you into the lagoon. Don’t worry I shall jump after you. Trust me; I would not let you drown.
“The only snag is that Mr. Nkem refused to reveal the name of his company and its physical address.”
If the so called Mr Nkem is a true consultant, he should be bold enough to let us have his company’s name. At least with that we can check his CV and the credibility of his company. Any way I am not surprised he is Nospetco’s consultant. After all in my country Nigeria; tom, dick and harry is a consultant.
“He did however provide me with an email address requesting that whatever information that we sought or whatever suggestion we have to turn around Nospetco would be welcomed and given due attention if they got a mail on that address.”
Good talk! Let’s have the email address. We are waiting ooooohhhhhhhhhhoooooooooo
“Well bloggites, we can only wish this passionate, confident,well spoken and very intelligent young man the very best. If you ask me, this is the best thing that has happened since the nightmare Nospetco commenced. I can tell you that this guy is good and he knows his onions. My only question is will they (Nospetco management) listen to him and act according to his advice. He is good. I will see him again on Monday morning and if you want I can repeat what we discuss with him. I may also request him to blogg on this site.”
So to you Mr Nkem is indeed intelligent. If you are intelligent enough to accept Mr Nkem to be intelligent, then I am afraid the rest of us are not “intelligent as you”
Judges we are waiting for you.
@GWE_guru,
Again, I concur.
It is very clear there are wolves in sheep clothings here.
“sanctify yourselves,for tomorrow the Lord will do wonders among you
-Joshua 3:5″
Watch out for my comments…
Constructive critism
I implore every1 to avoid making bad/insulting remarks about some1 else. It is best to critique the topic rather than the individual.
One could say “I strongly disagree with you” instead of saying “You are telling lies”
Na wa o. Its seems anyone with any sort of good information in Nospee is being attacked on this blog and also called an agent. Look people its not over until its over. I have a eight figure investment with them and I will not accept its over until its actually over therefore I welcome any sort of good news to keep the heart beating
. Obviously we are all disappointed with all the developments the least we can do is to be hopeful and and wish them luck. Why would I not want to wish someone than has 8 figures of my money good luck. ABEG GOODLUCK TO NOSPETCO. I as a person will not accept defeat. Please anyone that visits the MD or speak to Nkem pls tell us your outcome (lies or not) some of us want to hear it. And pls lets practice contructive criticism like someone said. I AM NOT AN AGENT O, JUST A DISRUNTLED INVESTOR THAT WILL NOT GIVE UP.
Lekan Tesleem,
What happenned during your visit on Monday? Pls some of us want to hear it.
All,
Lies or not some people are actually going out to get information and we sit here accusing them of telling lies. NA WA O. I just don’t understand. If a piece of information is not for you pls ignore it or criticize it in a responsible adult like manner.
@ na_die and Jamco
I strongly agree with you guys.
Some people are gradually turning this blog to a child’s play.
We are all in this together, so I don’t understand why some people should become insultive towards others.
@ Chinenye, Na_die, Jamco:
I pitch my tent with you guys. We are all in this together, and those who feel they are more disgruntled than others should also go out there and inform themselves, instead of sitting behind their pc’s & insulting the people who have been taking the pain to get some information accross to us. There is no need for name-calling as well. We should all face the present circumstance as matured adults.
@ Jamco : I especially join you in wishing Nospetco good luck, because even though my investment with them is just 1 digit short of your 8 digits, I still won’t want them to pack up shop like that. I enjoyed my dividend payments till the wahala started with May payments, and if you ask me, I will continue to enjoy the dividends when the dust settles on this one.
@ ALL :
Now guys, is there a way we can take revenge on, or at the very least expose the cabal that is behind Nospetco’s travails? Believe me, all would have gone smoothly till now, without the influence of these few men who want to strangle life out of Nospetco simply because the company wouldn’t take the loan facilities they were begging it to take. Rather than enrich the banks through interest on loan payments, you and I, and other investors who are not reading this page, are the beneficiaries of Nospecto’s business activities, which had gone on without hitch for a minimum of 7 years. Those who don’t want us to make ends meet can climb to the peak of their various buildings and jump off to the busy streets in front of them. If the fall won’t kill them, we might find a motorist who is disgruntled enough to assist!
e bullion for sale…write purespeed400@yahoo.com
Hello House,
With this, lets hope NOSPETCO will still be available to pay our money. chk this link :
http://www.sunnewsonline.com/webpages/features/energy/2007/sept/24/energy-24-09-2007-001.htm
Thanks
NOSPETCO is still in business, check out the link below…
http://www.sunnewsonline.com/webpages/features/energy/2007/sept/24/energy-24-09-2007-001.htm
Agents! Agents!! Agents!!!
Opopo,
Are you saying no one should bring any sort of good news about Nospetco to this blog? Because me I don’t understand you. You have not contributed any thing useful to anyone all you keep shouting is agents agents.
Na-die, me,
Thanks for the link, good news for the contract but i am sure you will agree it means nothing if they dont pay people. I expect then to go out and buy extra trucks to service this new contract at the expense of investors.
@Opopo,
What is wrong with you. If at all agents are at work would they have gone to The Sun Newspaper to pay above 200k to place information
Let us be wise in our saying please.
Opopo et al,
I have been toying with this idea. What if you and the others of your ilk are really agents for the other side i.e. the ones that put Nospetco and thousands of us in this predicament. Just thinking out loud………………….an alternate point of view. Enjoy.
I agree totally with Jamco ,if it does not translate to returns to the investors ,it means virtually nothing.This is the week the rest of us that have not received the may returns in 1st bank and others were supposed to get it and now this.It is greeted with mixed feelings.
@ leno9,
When are you and some other people on this blog going to realize that nobody put Nospecto out of business? No SEC or central bank is stopping Nospecto from paying anybody they put themselves in this predicament. All those stories are stories that were cooked up by Nospecto cos they have used all investors money to acquire all these tankers and so called contracts, and they didn’t foresee the fact that there would be a mass withdrawal request from a lot of investors at the same time.
They were under the impression that people would keep making deposits for them to keep making the payments indefinitely. Ask yourself how come sefteg ans some other are still able to make payments and they cant? Why is the central bank only going after them? Its’ all a big lie. they were initially a ponzi scheme, and by the time they decided to invest in legitimate business the money stopped coming in due to investors panicking cos of the rumours about the central bank e.t.c.
I strongly agree its cash flow problems.
On my part, nospetco has lost its credibility…wish i could recover my investment asap !
Tony,
I totally agree with you but not the ponzi part. I know they started by buying oil and selling it in the north but perhaps while they were trying to grow they played ponzi.
@ Tony
Respect!! Big it up for you.
Where am I? Am I in the MATRIX….
Agents here… Agents there…. Agents everywhere
Ha ha ha…..
Don’t mind me…. Just messing around
Seriously though, Nospee is not helping matters with all these delay tactics….
They should tell us what EXACTLY is going on (oh I forgot… they can’t.. ha ha ha… )
@na_die, @me
Thanks 4 d info……………..peace
@Tony,GWE_guru,
I totally agree with you guys.In a world as sophisticated as ours, dont expect too much stories but actions.
@Jamco,Leno9,
Agents! Agents!! Agents!!! Actions guys and no more stories.
I remember raising the issue of a fake web address the last time an “info” was passed and Olufemi carefully explained how it would take ages for a server to encapsulate an address in its cache.Infact that theorem is working perfectly fine.
Please, if anyone has mailed Mr./Mrs. Valegate on that email address, let us know, just to continue proving endless points here.
My contribution is not meant to antagonize anyone,but we can’t all be fooled all the time.
Enjoy!
What do we do about all the impasse with Nospetco and our money? Are we going to let them get away with it? They are still in business trading with our money while we all wait in agony wishing (and constantly wishing) they’ll pay us. Should we be considering hiring a lawyer or lawyers. My only problem, however, is that I live outside of Nigeria and I believe that those of us in diaspora are particularly vulnerable. This makes it more imperative that we form a club or an association of some sort to recoup our money. I learnt that those who hassle and threaten Nospetco – using Lagos ‘area boys’ do get paid (though, I don’t think that’s a civilised way of handling things). Perhaps, some of us can set an example by instituting legal proceedings and also make some noise in the Nigerian media. Any thoughts and ideas would be welcomed.
@ Papi
Call one of these numbers;
08073089210, 08089839985, 07039477957.
I would not believe anything from nospee again until I see action.They have fed us with a catalogue of LIES,LIES.LIES this far.Enough is enough.I am beginning to take side with Tony et al.
Greaaaaaaaaaaat!!! Opopo
Respect and “big it up for you”
@Tony and Opopo,
I wholeheartedly support your campaign of TRUTH.We all have huge interest in Nospee and we want to be told the TRUTH and nothing but theTRUTH.
@Brom, Tony and Opopo,
Your concerns like every others’ is highly noted. I am not sure anyone likes to be deceived any longer re: NOSPETCO.
We all have at least N450,000 at risk of being lost completely.
The buttomline still remains, until we get paid our May and subsequent returns, or our principal flat out, we have to continue to give every piece of information on the blog site the benefit of doubt.
As for me, until NOSPETCO is dead completely and the entire 4th and 15th floors of Elephant house is completely vacated overnight, then it is not over.
Thanks everyone and lets keep believing.
@ Brom
You want to hear the truth! The truth is, come Friday 28th Sept; LekanTeslem, Chinenye and their group would get paid; while the rest of us like Opopo, Tony, Dave and others would still be waiting for our hard earn money.
I go die ooooooooooooooooooooooooooooooooooooooo
Has anyone given a thought to what Nero has suggested–the idea of an action group to employ a lawyer.I also live abroad and we depend on u at home to take a lead.Some of us like u ,have very huge investment in this Venture.Nospee will not take us seriously unless we do something proactive.You see for close to five months now,they have been taking us for a ride.To them it is business as usual.
@Femi,
I quite agree with you on that. Sincerely, mny people are bittered about the existence of Nospecto but this buhaha is as a result of the eminent presence of NOspetco.
What would nyone of us have said if they had gone underground like PW, DS etc and nobody seems to her anything from them.
We seem to be complaining because we are still seeing them around. If they leave, we will all stop. Let everyone start to think like he has nothing with them.
They seem gone.
@ we need to take action if not we will not get our money….I purposily invest my money so that I can be able to pay my school in Canada, Now I got admission and visa I don’t have money to take to Canada I have to change my the time of will start my program from Sept 2007 to Jan 2008…….My brother let get a lawyer…..No Action…. No money…..Those poeple are not ready to pay us anything.
we need to take action if not we will not get our money….I purposily invested my money becasue I wanted to pay my school fees in Canada, Now I got admission and visa I don’t have money to take to Canada with me, I have to change the time when I have to star my program from Sept 2007 to Jan 2008…….My brothers let get a lawyer…..No Action…. No money…..Those poeple are not ready to pay us anything
@all
spoken with the consultant myself he assured me latest friday everyone will get may returns.
he sounds so confident and assuring.
lets hope its for real this time around.
@all
guys lets give them one more chance friday is just 2 days from 2day.
I just visited the site of Nospetco’s consultant (www.valuedclients.net). It is yet to be hosted though it says IT WILL BE HOSTED ON MONDAY 24th.
Nospetco is just a funny setup….i pray i get my money back cos it seems its all gist.
Captain,
hmmmn they cant even put up a website on the day they claimed and they want to pay in 2 days. I doubt it. This time next week we will all be saying how dissapointed we are in the super consultant.
Jamco: what was the outcome of your conversation with the Nkem guy – do tell please. You can flash me on my number as before and I’ll call u back.
Please brothers & sisters, lets keep ourselves informed. We are all in this together, and I pray all goes well until we are satisfied.
Guys na waoh…NOSPETCO’s consultant promise everyone will get their payment latest friday 28th Sept, 2007….na magic them wan do???? at least we shd here that people have started receiving….Pls let those that received may returns in the last one week speak up…
The Nospetco site is now functional, two days later than promised.The Consultant,Mr Nkem has fulfilled one of his promises.Let us wait and see on the crunch”PAYMENT” latest Friday 28/09/2007.
@GWE_guru
Stop being a pessimist. I received my May returns in July. Try to think positively for once!!! At least, the website is already activated.
Have you ever stopped to wonder whether it is your pessimism that is delaying your payment? Talk to ur friends – Opopo and Tony, encourage urselves to be positive thinkers!
@ Lawnabresa
Many thanks for your enormous advice. It’s not being a pessimist but a realist. Obviously, before May 2007 I had more than 100% confidence on Nospetco. Time has change. We all operate in a dynamic environment, where change is the key word.
The valuedclients website is great but unfortunately it came too late. Definitely, it would be good news for everyone to collect their overdue May returns. You got yours in July, lucky you; may be because you are an optimist; I promise to be optimistic from today so that I can get my May returns tomorrow, hurrrrrrraaaaaaaaaaaayyyyyy.
I would like to clarify that Opopo, Tony and Dave are no friends of mine but belong to the same school of thought when it comes to the prevailing circumstances of Nospetco. In any group you have the right or left wing. You choose one and we belong to the other. Nevertheless, it would be great to share a pint of larger with them.
@ Lekan Tesleem
Our bet is still on, as per #338 “I stake a bet that I shall forfeit 50% (which is 7 figures sum) of my May returns to you if we all get paid on or before 30th Sept. Just for your memory today is 18th Sept, 12 days to go. I am counting oh”
Once the likes of Opopo, Tony and Dave confirm receipt of May returns, I promise to make necessary arrangement to send you a cheque of #2,300,000.00 which is 50% of my monthly returns. Trust me, I’m a man of my words and I shall surely honour it. To be honest those of us that have been with Nospetco for more than 3 years have benefited enormously. But my sympathy goes for those that join less than a year.
Everyone should endeavour to check their bank account tomorrow or Monday.
Judges we are waiting for you.
Just checked my account…NOTHING……
@All,
Kukurukuuuuuuuuuuuuuuuu……………………
Its FRIDAY morning o!
Opopo: what’s kukurukuuuuuuuuuuu. Oh, I get it, is that the sound of a cock crowing? You guys are cracking me up – yes, it’s kukurukuuuuuuuuuu indeed.
TGIF…..would be thanking GOD more if Nospecto perform well.
All fingers crossed.
pray for your investment and wait patiently.Dont be in a hurry.No company wants to die.You will never loose.
Its 28 sep. Check ur account and u will see ur money.
We all trusted Nos at some point, some of us for the past three or four years. If we are to put the trust we had then and the mistrust we have now in an equation, I think the equation will not balance. The trust is heavier.
I still believe that Nos cares, at least even if they cant make u happy by paying u now, they are still there to pacify u with seemingly unconvincing explanations. Similar arrangements that operated b4 could have disaapeared by now.
Prayer 1 May Nos continue to be there for us to see and abuse.
Prayer 2 May Nos come up again to convince all of us that they can do it.
Prayer 3 May Nos pay our May today
It is our business managed by our trusted friend who happen to be in trouble, our friend who used to solve our problems while we were all in need, our friend who added to our stock of wealth and made us smile for a long time, a friend who made some of us pay their children school fees; and many more. That friend should still be given a chance.
I am an investor too who started just february this year, enjoyed only three months dividend.
@All,
Kukurukuuuuuuuuuuuuuuuu……………………
It’s FRIDAY afternoon o!
tick…tick…tick…………..
just checked again…NOTHING yet………
Nospee Nospee nothing yet o, i am not holding my breathe though. I sent an email yesterday to get them to confirm payment today but no reply (not surprises though). Can someone please call that confident Nkem consultant and hear what lie he has for us now. Perhaps his phone might be switched off. Na wa o. Man pikin don tired of being a pin pong ball.
@All,
Kukurukuuuuuuuuuuuuuuuu……………………
It’s FRIDAY afternoon o! and banking operations are about coming to an end
tick…tick…tick…………..
Are you people joking or what? Pls. can someone tell us the latest store from NOS. WHEN ARE THEY GOING TO KEEP THEIR PROMISES
just checked again….NOTHING……
ur opinion is no longer required. all we need to knw now is d way fwd. we invested with our eyes open & knw tht high return has high risk. those pple who re determined to fraustrate dem ‘ll onli b disappointed. even if dey dnt pay life ‘ll go but am sure somethg gud ‘ll com out frm it very soon.
To all Nospetco posses, I don’t think we should hold our breath. I spoke to one Emanuel on one of the new numbers provided by Nos’ in their new website, and he started another story. He said, latest, by next week Friday, we should be paid. The reason being that Nos is having problems with some banks and would need to go through a 3rd party bank to channel investors returns to their respective banks. I said to myself, what a whole load of ‘horse manure’ – excuse my French. These people are taking us for a ride. People we need to mobilise for a fight – legal fight. Any ideas?
I told u so.LIES,LIES,LIES UPON LIES.I will be glad to be proved wrong.Watch this space!!!!!!!!!!!!!!!!!.Friday is still not gone yet.
Na wa o. These lies is becoming too much.
NERO,
which website are u talking about?
OK i get . NAWA O! NOS CONSULTANT WITH WEBSITE AT LAST. ANYWAY WE GOING A STEP FORWARD SHA.
Hi Guys,
Just to let you guys know thats things are coming up with Nospecto God’s willing. Have visited there new website and maybe you don’t believe. the address is http://www.valuedclients.net.They also have paid my May only God’s knows. A friend called me too in Nija yesterday and he’s being paid too. Another good news is that they just gave them another contract with sister company of dangote group.
The only advise i would give, is that we should be patient and pray that all the bad guys in Nigeria that don’t want me and you to make it should rotten in hell. Those that call themselves big boys in da industry. Please let stop criticising each other and be contructive in our comment. I love.
Ola: which bank did Nospetco paid your May return to? When exactly did you get paid for May? We are all aware of their new website – that’s an old news, by the way.
I meant to say ‘which bank did Nospetco pay your May return to’?
@nero, its has been long time i have collected my may pay, to be precise i got paid last week on 27th July. My friends was paid last week. I use GTB Ogba branch to be precise. So either you believe or not that is the truth. What i want u guys to know is that its easier for you to criticise than to be constructive. I want all of us to be focus and pray and work out how Nospocto would work not all this argument or attacking individual.
Agents! Agents!! Agents!!!
They are at work again o!
My guys cools down! I mean Nero & Opopo…I understand how we all feel…but prayer for NOS is better now than attach…I have not received my May but I have guys that have received around me…Let us remain focused and optimistic…we go sure get our moni by God’s Grace…Have a great week folks!
I mean prayer is better than attack
@Opopo@Nero, this is just and advice for the two of you. U better contribute the way forward or stop accursing people that have better information to give others. I have 10slots in Nospecto and i knw you will know the equivalent in Naira. So how many slots do you have that you guys just keep on attacking innocent people. I want you guys to knw, bcs i realise thts you are the only negative people on the blog. Please for God sake lets look for a way, thts will can contribute towards the success of Nospecto please. Give us advice on what to do? How to do it and better ideals. A word is enough of the wise. Sikena.
Ola: I didn’t want to dignify your ranting with a response, but I thought I should respond to your unjust comments, this once. Please read all the comments made by me and you will find that I’m justified in being apprehensive about the state of affairs with Nospetco. Come to think of it, I’m convinced that you just want a bit of attention, but without the ability to sustain a decent intellectual spat. I have a problem understanding your write ups which are full of inconsistencies, inaccurate statements and grammatical faux pas. You talk about having 10 slots; well, there is a saying that a man who’s never been to others farm thinks his is the biggest. Mr. if you know how much I have in Nospetco alone you will ‘crap’ yourself. I can confidently tell you that I have more than six times what you were boasting about. However, this is not the issue. The issue is that Nospetco is taking it’s investors for a ride (total disrespect in my opinion). In a civilised environment, Nospetco would have been crucified by now; but I guess anything goes in Nigeria and you seem to be used to mediocrity – well, I’m not, hence my outcry at the current impasse with Nospetco. Anyway, I have got to go, you are not really worth my verbal onslaught.
Its quite unfortunate that the purpose of which this blog was created has been totally not only deviated from but purely abused and bastardized. I meant this blog is not a site or avenue to trade words or show the pottential in you that you sabi grammar or how much you worth?. Please and please let us wake up from our deep sleep and look for the way out. I believed everyone invested in Nospe is a stakeholder, irrespective the nos of slot you have there. The most important thing is what can we do to get back our money?. Continual personal confrontation, violence or attack would lead us no where. Please i seek for the indulgence of people of substance, that can deliver not the noise makers that only want to be noticed and gain a very cheap popularity to come out and contribute what the future holds for us and the way out. In all we should always remember that there is no gain without pains, its only through patience that we can get there this is a lesson for all and sundry. Let us remained calm and continue prraying for the Almighty God to sail us through.
@Neroooo, Opopooooo
My guys, you have done great in opeining our eys to all these fact. Merely reading you comment, it just done o me that that the aclaimed website is a distractor. I have not, in my whole life seen a company launching a website site with a name not hers nor any of her products. People these people are smartr than whole.
Look all they have been able to employ a better liar to confuse us the more.
My concern is that Nospetco management is full of crook and i forsee a situation where all investors money will be returned net year january without any interest for 9months. This will give them the required capital to go about there business without any joint Venture.
Do they want to tell us that Obajana didnt pay them for the contract signed and other companys like that. They are only trying to make saving for this vision of mine.
What do you think?
What is happening to me?
I am standing in front of the mirror….
Yes I can see myself; but from the names they call me now….it is not ‘me’ that is reflected.
I do not even understand myself anymore……
Gone are the days when my words were trusted.
Gone are the days when my name was mentioned with respect.
Inconsistency has become a very close pal…
What shall I do?
Those I wanted to protect I have exposed!
Those I care dearly for I lave let down.
May be it is time for me to come out clean and let them know …..
Let them know what….
That is my problem; I do not know what is happening to me….
One thing I will never do is give up.
I NOSPETCO will never give up! For there must be away to redeem myself and let my people know that I care….That way I shall find.
Mathew
Na wah o….r u working 4 NOSPETCO ???
I think i am now beginning 2 understand y opopo writes Agents! Agents!! Agents!!!
lol !!!
@matthew,
bros sorry ooooo,yeah its seems uve gat a serious problem and would advice you go for a deliverance….deolus blog u are not waanted same as dipos blog then i surppose u should jst lay low…
@Mathew
What is this your write up about. If NOSPETCo says they dont know what is going on with them. Then they are fooling themselves. If they dont then why did they employ the service of a fellow psychiatric (Valuegate or villagate, i dont know) to look into their problem.
No Ponzi Scheme promoter dont know what he is doing. They know what they are doing.
Matthew, I have read many things you have posted but please dont compare yourself to NOSPETCO
Happy Birthday Nigeria and Happy Independence Day to all my co-travellers. May God answer all our individual and collective prayers IJN. Amen.
Matt, was that meant to be funny or are you jostling for the title of “Agent” which invariable you would be labeled if you continue on this dangerous line of thought.
For the other guys bragging “My daddy has more slots in Nospet than your daddy” can you spare us the details and only post info that will be useful to us.
Enjoy
Leno9
@leno9
Ur dad may have more slots….However, i am sure “MY GRAND DAD has more slots than ur GRAND DAD”…..lol !!
Happy Birthday Nigeria !!…
I pray God to give us more visionary leaders like Soludo……so that there can be improvements in power, agriculture, health and education sectors…
leno9; the useful comment for you right now is that my son has more slots in Nospetco than you, but try recovering them from Nospetco is the problem. My people, as I said before lets explore the legal avenue to recover our money. I have already started the process and will keep you all posted.
@All
It might shock you, that in all these things, there are some sacred cows that are still being paid when all else are still expecting. I met such a person on Saturday.
A proverb says that when they cook soup inside the groundnut pod, or make pounded yam in a leaf, some people will still eat and be satisfied, while some others will jonze.
If you are apprehensive, don’t wait, bushmeat seldom runs through the obstacles in the bush to dive into the stew you have prepared for it. Go to them and go for it, and to, might not be the office.
Just my 2 cents.
@Ola,
Am so happy Nero responded appropriately to your “eko for show” comments. Well, I am not interested in the number of slots you claim to have, but one thing is certain, and that is, as long as Nospee gave you that “pali” to indicate that you are a joint partner then you are an investor indeed.
@All,
It is evidently clear from all that is happening that Nospee and its agents are out to play us.Infact the very first day an “info” was passed here about the website of mr./mrs valegate being hosted, gave my mind a lot of options to abstract and reason about. Of utmost pertinence were:
(a)Why would Nospee hire a consultant whose website will be ready immediately after sealing the consultancy deal,despite the fact that they make a lot of money and could have as well settled for the big consulting firms in the country to do the job for them?
(b)Why would the most intelligent and sugar-coated mouth of an agent called mr./mrs valegate not disclose his office address to members of this blog who claimed to have been under the annointing of his stupendous oratory opulence?
(c)Did we notice that the original web address that was purported to be published is different from the one that was later unleashed?
These are just some of the very many pointers to the evil plans perpetrated by some of these people who correctly or erroneously (pls challenge me on this) could be referred to as “agents”.
Deolu is very correct that some of us are being paid and I bet you, these people who are being paid are either the ones who come here to tell us things are fine and then go through the backdoor to settle with Nospee, apparently having done a good job by calming the nerves of the majority of the intelligent and upright ones amongst us.
It is so unfortunate that we still live in a country where anything goes and that is why Alhaji Nospecto-the most credible director that his agents have acclaimed him to be, can afford to take people for a ride. Well, I will not cast too much blames on him, I will just let him enjoy because ….”Uwa wu pawpaw men!”…..Yor!
I also concur that some people are being paid.
A staff of nospetco said they have compiled a list of people yet to receive May returns…and these people r going to be paid in batches and not at once.
I guess the best strategy is to ensure you r on that list…..
@ ALL
Abeg, all this una grammar too much sef, haba! The thing wey me I wan sabi na whether some people still get May payment as was promised for end of September (remember it was initially promised for end of August). I don check my account tire, so tay all the customer service gals & guys for UBA don know my voice now. Small time now sef, ATM go begin reject my card for too much frequency of checking balance & no other transaction!!! Do we have a sensible number of people who have been paid, so that we can know that the rest of us yet to get payment just have to ‘chill’ a little longer and keep our fingers crossed. Abeg, all these ‘posting’ by Nospee don do O! Comments pls, whether from Agent or not, lol!
Nospe: Mathew, what is it you wrote about me?
Mathew: your thoughts as they are going on in your mind.
Nospe: how can you say that I am confused and my words are no longer trusted?
Mathew: that is the truth, the people no longer trust you!
Nospe: I am not confused!!!
Mathew: Somebody has already corrected me that you know what you are doing and I agree with him. You are deceiving us.
Nospe: On whose side are you? If you think I can still come out of this problem, why are you condemning me?
Mathew: You have let us down Nospe, there are so many rumours going on simultaneously. I do not know what to believe about you. You have become a liar and a very deceptive person.
Nospe: is that the way people see me?
Mathew: that is the way we see you and that is what we know about you. We have no option to see you differently with all your broken promises
Nospe: I know what I am doing.
Mathew: we need to know what you are doing. We need to know. And let me tell you this, I need my money back! You can keep the returns if you like.
Let’s just hope for the best and pray they pay you guys very soon.
http://www.freelancez.blogspot.com
@Nero@Opopo@ALL,
Thanks for your grammatical faux pas. Just to let you know that ‘am not here to boost of how many slots i have or 6 times my slots. My main concern is how can we move forward, what is the next solution, how can we help our investors in Nospecto etc. Deolu has said something in proverb, that no matter how hard the situation of things are, some people are still being paid. That is the bitter truth. I don’t work for Nopecto or an agent as you think. But the bitter truth is that some of us had being paid. I have been with Nopecto for the past 3yrs +. My main concern is the new investors that started this year, how can they collect there interest etc. I think that should be our concern now and how everybody would be paid. Give us a contructive solution, not attacking individual on this blog. Please i seek for the indulgence of people of substance, that can deliver to come out and contribute what the future holds for us and the way out. In all we should always remember that there is no gain without pains.
Its so unfair that we have not being paid since May, yet some other people get paid. This is not fair at all irrespectful of how many slots they have. It so selfish to select a few and pay them. I heared recently that a friend who has a friend that works with EFCC went to their office and got paid immediately, does this mean that you must have an influencial person b4 one can get paid. Na wa oh!!!!!!!!!!!!!!!!!!!!!!!!!!
Anyway i am hopeful, bcos me too i’ll take military men there too so that both my capital and interests would be paid.
Those of us not in naija how we suppose go chase our money now. Na wa o. Anyways I am also looking into the legal part. This thing don tire person.
@Jamco,
If you go into legall battle. You wont win. Dont be deceived.
You would have wasted most of your profits hiring a lawyer. The best is for us to just close eye and start to curse them till they vomitt our money.
You can hardly use a lawsuit to get you money back in a Ponzi scheme. Also, if you do, such law suit is always institutionalized by regulatory bodies. Even at that, less than one-tenth of the total investors will be recupped.
A bit of information I got from thenationonlineng website on the sanitization of the process/system of high yield investment schemes in Nigeria (Wonder banks)…. Check out the link below for details:
http://www.thenationonlineng.com/dynamicpage.asp?id=33007
ojsheczy,
Well I just have to try my luck. I have been praying since may.
@ojsheczy
I agree with you that legal option is not attractive.
Something still has to be done so that people can get their principal back.
You know we heard the gist that one of the big boys asked him to pay off the investors and deal with him only.
We also heard that some banks want him to partner with them for life and do away with the masses.
As of today, we might as well tell him to do exactly that. Pay the masses and partner with whosever he wants
What’s happening again? How much does it cost to host a web site? http://www.valuedclients.net is not working.
@Olanrewaju O. Lewis,
Thanks a lot for that link.
What I still cannot understand is why Alhaji Nospecto is keeping his joint partners in the dark as per what is happening with Nospee.Instead we hear that people are being paid through the back door.
This is really a big minus for nospecto.Even if they are to solidly bounce back tomorrow,joint partners would still have to have their hearts in their mouths because of the gross ineptitude displayed by Nospee in crisis management.
Regards.
in as much everyone is saying.Nospetco is trying to come back regardless giving his investor a token compensation for these mechanism,dragging people on and off .On hope in refunding on dates.Sec and Efcc as a time frame deadline on them.
Obviously there will be AGENT SMITH’s every and there which is natural.By the way for you to say your PAPA as a BIG FARM YARD IS BIG,i don’t blame you because.O SE KE KE RE RI..,We all known other country Nospetco will pay through is entire corner of what ever means to pay people back whatever HE collected from investor with interest being the FACT it a HYIP but these 9ja the MAN still in the GAME.
It’s sicken to believe everyone is being toyed with,that my opinion.I’m an investor as well but i knewn it will one day come to these.
I can only say if you guy would to mobile people is seeing who i believe is playing around..,LET THE PEOPLE SPEAK and i will let out a thing or two on who and there contact.
As for me it’s interesting to know that there are people balling in my country with nice paper doing things.And don ‘t say i don’t want to get my paper’s back of course who wouldn’t like to have it back.I rather wait till the ground is smooth.Not yet ready to push things.But i will give detail info’s
@Boye,
Son of man,why do you speak in proverbs?
Boye: what in the name of Buddha are you on about. I’m sure whatever it is you’re saying is interesting, but, hey, I having a problem deciphering it – no disrespect mate.
I meant to say ‘I’m having a problem deciphering it.’
@Dave,
From my IT experience, the traffic (hit) measurement on the website might be so enourmous, due to information of the website launch and the failure of Nospe to pay out as they have always been doing, that the threat monitoring tool might have classified it as a virus. This is because some virus operates like that, sending sporadic traffick to an address. The system will automaticall shut it down.
This happened to my company website when we posted a Graduate Trainee advert and the site was shut down. We had to move it from a shared server to a dedicated server which is costly.
On the other hand, Nospetco might just be at it again
Nero:Deciphering??
was it meant to be a coded or encrypted information?
All:I happen to invest in NOSPECTO April this year
under someone that has being with them for more
than a year. I have not been given any returns, all
I needed now is my principal.
I need information/ideal on how to transfer my investment
to my own account?
@All,
Visit the website http://www.valuedclients.net and you will see that it has really “short” down.Every statement has been carefully orchestrated to describe our bitter relationship with them.
Enjoy!
=====================================================
Welcome!
=====================================================
This website has been temporarily short down due to virus thread attack on the server by 8:34AM EST October 1, 2007
Opopo: “short” down? I had thought systems “shut” down.Anyway, I think it’s just a way of telling us that Nospecto is “short” of cash.
=====================================================
Our Technical Staff are working frantically to recover the entire files, although this make take few days
Opopo: Did I hear you say technical staff? Does it also include Mr./Mrs Valegate who does not appear to have an office address?Well,I think I guessed right… “…to recover the entire files, although this make take few days”. This is a confirmation of what we have always said on this blog.It would take at least 1 week before we locate Mr./Mrs Valegate.I think I vividly remember that the encounter with him was in a beer parlour abi na for“mama put”?Anyway,It still bores down to the same story, no money to pay!
=====================================================
Are you an Administrator?
Opopo: You are asking me if am an administrator abi? When you collected my pay at your elephant house building, did you give me an administrator receipt ?
=====================================================
Please re-upload your website content and create email accounts
Opopo:What? Me ke,re-upload content? No way! You better pay me the one I gave to you first, I mean my capital and the accrued interests before you start talking about uploading.The one I upload before na where you keep am ? Eh! I ask you, Alhaji Nospecto, where is my money?
=====================================================
Are you a visitor
Opopo: Yes, I think for now, I would rather be content being a visitor as I don’t have interest in your joint partnership scheme any longer.
=====================================================
Please check back later
Opopo: “Please check back later…” Infact these are the same set of words the customer care unit at my bank greet me with each time I call to ask them to check my account balance for me. They now call me Mr. “Please check back later”, since you guys have decided to keep on posting me.
=====================================================
We deeply regret the inconveniences
Opopo: Yes, I regret investing in Nospecto because you now refer to me as a virus.
=====================================================
@Opopo
You are very much right. I like you!!!! You read between the lines. Do you know that i actually didnt take time to read between the lines when i wrote Comment 437.
Yeeeeeee Paripa, these poeple at NOSPETCO no go die well.
It just crossed my mind that it was intentional because no matter the kind of server they where using, a shutdown messages is not like that. What you should see is “This site is not available….” and no reason is usually given.
That message was actually a page kept till this day to be uploaded.
@All
God Almight in his merciful kindness and wrath will purnish that Alhaji at Nospecto and his family.
The website is never down. They only loaded that message as a an home page
Check this and you will see the site
http://www.valuedclients.net./contact.htm
you can also check any extension.
I pray that GOD will reject all the prayers of the Alhaji Noespotco Family for deceiving many and may God Deceive him too
Also check the name at the tab of the internet explorer. It says
“welcome to mrsnigeriaonline..”
Yeeeeeeeeee, we are doooomed. How come nospetco site has become mrs nigeria
@ Hey Moderator why are you hiding those facts that i posted.
The website is never down. They only loaded that message as a an home page
Check this and you will see the site
http://www.valuedclients.net./contact.htm
you can also check any extension.
I pray that GOD will reject all the prayers of the Alhaji Noespotco Family for deceiving many and may God Deceive him too
God Almight in his merciful kindness and wrath will purnish that Alhaji at Nospecto and his family.
O boy take am easy o!
I understand how grieved you are.
It is well.
Guys I believe we hav lawyers among us let them advice us on how to recover our money, becouse atleast we hav displayed our patience.
All: the latest lie I heard yesterday from an ex-worker of Nospetco was that they started paying yesterday. Well, the deceit continues I said to myself.
Anyway, on the legal front I’m exploring, I was given the advice that the starting point would be a formal letter from me to Nospetco requesting my money (giving them reasonable time to refund the money – of course). If that doesn’t work, a letter from a reputable lawyer demanding my refund within a specified period would follow, warning of court proceedings if the request is not honoured. If this fails, Nospetco can then be taken to court. I was told, as long as they are trading and there is an identifiable asset (or assets) to sell, I have a case. Is this expensive? The answer is yes, but, it’s probably worth the fight. The other option I was told involved initiating a group action against the company. This is when likeminded investors come together to start legal proceedings against Nospetco. If anyone is seriously interested, please let me know.
Nero: How can I contact u, e-mail address? bcos I am
seriously intrested.Thanks.
I just called the stupid consultant, one of the numbers on their website and I spoke to a lady. She said GTB, FBN and UBA are refusing to accept schedules from Nospetco. I told her thats another lie and she said she can only tell me the information that has been given to them by Nospetco management. I dropped the phone in annoyance telling her they are all full off dudus. The lies never stop coming. She also said other banks are being paid, well my brother uses Oceanic and he hasnt got paid. Stupid liars.
Ive been reading ur writeups for sometime now. All d guys wey dey this place dey make me laught, Who tell u say make u go put ur money for HYIP which is as well HIGH RISK. U see its just like gambling, its either u win or you loose. Ive been with them for 9 month, atleast i have no regrets joining cos i put what i can afford to loose.
ADVICE: Just keep ur mouths shut and wait for them to solve their issues and then continue to pay, abusing em will not bring ur money back.
Regards
I thought this blog is for intelligent people and not intellectually constipated Neanderthals – well, there you go, it takes all sorts.
VIP: I hear you, would it be better to let me have your email address, as i don’t want agents on this blog sending virus to my mail box.
I thought this blog is for intelligent people and not intellectually constipated Neanderthals – well, there you go, it takes all sorts.
VIP: I hear you, would it be better to let me have your email address, as i don’t want agents on this blog sending virus to my mail box.
Dan,
Who told you we have regrets? No body likes been lied to end of story. When you invested to you it was gambling but when I invested I honestly belived I was investing in a worthwhile company (you might call me naive, its up to you). So for me Nospetco is not gambling for others it is. And by the way people have the right to wine and complain is very teraputic, verge out the anger it makes you feel better. I as a person get to do that on this forum. I have been with NOSPEE for 3YRS MISTER.
@Dan
We all knew what we are into. It is very disgusting to know that your money is in a company, that has not been liquidated yet, and they keep paying their white sheep.
Instead of coming out straight, they have just turned themselves into a liar.
Loot, whatever you say i dont care but you will agree with me that doing bussiness with a theif is better than a liar.
I also called one of the consultants this morning and what he said was that, only one person is preparing the cheques for may payments. Who do we believe now? The other day, they said GTB MD gave Nospetco MD a new Office. Now the same GTB is rejecting their payment schedule. What kind of contradiction is this?
Can someone in the house please confirm this latest info that 4,000 First Bank acct holders have now been paid? I have this minute been informed of this. I also called the supremo Nkem who refused to answer his phone – quelle surprise
hi i just checked my fbn acc. nothing from nospeee
Nothing for my first bank account……I have just accessed my first bank account now via internet banking……
Nero you seem like a very nice guy, I hope your not a Nospetco agent?
what is the meaning of nospetco please if i may ask?
Kaduna,
Why dont you read the article above? It will tell you all you need to know.
Jamco: I think Kaduna is asking what the acronym NOSPETCO stands for. Sorry Kaduna, I have no idea, but I’m sure we can find a befitting meaning for it in light of its recent escapade.
Invest in Niga: you asked if I’m an agent of Nospetco. The answer is, I’m not and I don’t think they can pay me enough to be one. They can’t even pay my well-deserved return, let alone paying me to do an Nkem for them. Man, I’m very expensive.
@All,
Did I hear us we do not know the meaning of NOSPECTO?
Well…,I think we do, but not just patient enough to observe that NOSPECTO means:
N-No
O-Oil
S-SEC
P-Presidency
E-EFCC
C-Continously
T-Tracking
O-Operations
Infact this has been the story since this saga started.
Enjoy!
lol lol nice one Opopo.
Kd, my bad
People: have you heard the latest? It’s getting more interesting by the day. I have again been informed this morning (please don’t laugh, and please don’t call me an agent of Nospetco) that they are paying off those with one slot – N450k – before moving on to pay-off those with two slots and subsequently those with millions. Ha ha ha and ha, it never ends, Nospetco is cracking me up. If you ask me what I think, I’ll say ‘horse crap,’ excuse my Chinese.
lol thx for the info Nero. If that is what they are truly doing I wonder when they will get to someone like me or you or a friend of mine with 120 slots. I wonder, anyways probably another dog dudu. lol.
I am sure there are people with a single slot here pls let us know if they pay you off o.
Is it likely that Nospetco will keep those investors with over N5m, whilst ditching those under that sum? I’m thinking aload here guys; any thought?
Nero,
Its possible just like wealthzone have increased their minimum investment to N5,000,000.
It’s awfully quiet here lately. People, Maiyaki only pays Hausas and those connected to the big guys who can give him trouble – that’s the latest. There you go, the ethnic divide thing lives on in Nigeria. I’m well into my legal quest and it seems to be gathering momentum to ‘kick some proverbial butt.’
my people i learnt that NOSPETCO don’t open there office again, deu to an attack on their MD. Pls. can somebody confirm this if it is true
@Nero
Ok confirm if any one with one slot collected anything yet.
Na wa o…..another friday is here and nothing/ not even news.
Ebenezer: Sorry, I can’t confirm or disconfirm whether ‘one-sloters’ have been paid. One hears these conflicting stories here and there and its difficult to establish who’s telling ‘porkies’ from the truth.
The latest (whether true or not – I don’t know) is that Nospetco is withholding investors’ returns to consolidate and establish solid capital base for its micro finance set up. It may be that this is good in the long run, but my take is that they’ve run out of money. Your money and mine have been invested in long term projects (I think); for how long before we begin to see returns from these investments, only God knows. There are two choices here; you either wait and hope for the best or you begin to explore legal options to recover your dough.
Jamco: I guess Nospetco has an excuse for not paying this week. It was public holiday yesterdy and likewise today. What would their excuse be tomorrow? Oh, I know, their guru and director of mis-information, Dr. Nkem (Dsc, MSc, BSc) suddenly collapsed playing polo.
Seun,
the problem is i don’t have an e-gold account. So hw do i enjoy this?
Any good news on NOPETCO in the house……. I need money ooooooooo
@ Seun
Don’t mess up this board with your shady scams like you did on the other boards, this is a strictly Nospecto Board!
Na wa o!
so he’s a cross-carpeting agent?
Hmn….
am out of here…lol
@seun and @luti
This board is strictly 4 NOSPETCO issues..
A word is enough 4 d wise !
Come to think of it…
are u sure user names “luti” and “seun” do not belong to one person?
have those guys from “cameroun or france” whose goods get stuck at the wharf ever accosted u in lagos?
I mean its like one approaches you speaking in some “strange tongues” and the other one comes unannounced, suggesting how both of you can help the 1st guy out and pretending not to know what to do….
Is that the trick here?…again, just thinking aloud.
.
..
Nigeria is the only place where anybody can become a consultant overnite with a web address that is yet to be published on the internet and still succeeds in selling shit to people of “sound” minds.
May God help us ….
Na whaooo fellow brothers
These online 419 don fine us come this blog again.
After we left dipotepede for them.
Anything good from NOSPETCO? Tomorrow is another Friday ooooooo Egba mi
Because i get wound don make housefly turn my skin to harbourworks.
Yesterday was Seun, Today is Adeg.
Dont they have brain to think that this blog is a bad market for them to trade.
Fellows, any new treachery from Nospecto
pls will like more info about nospecto oil and gas
GOD RESQUE US FROM THE HANDS OF THIS PEOPLE.
EVERYBODY SAY AMEEN ABEG.
AMEN.
@ojsheczy or ojcrazy,
whatever ur name is,why dont you jst keep up ur mouth shut and stop messing up urslf…..deolu dsnt give awards to loud mouths….u want to be heard every now and then and as a result u end up talking out of point…..u acquire more knowlege when u talk less and listen more….get dat into ur louzy head mr ITK.
Dear sir,
As it is right now,we are still trying to put one or two things in
place.The nospectcobank will soon be in place say next month,by then
everything concerning payment will be made through this bank and also
all
nospectco investors will be migrated to the bank.as for payment it is
still on going,soonest yuo should recieve you may returns.
THIS A MAIL I GET FROM NOSPEE, COULD THAT BE TRUE??????
Thanks for that ‘Positive’, however, I wonder why that information wasn’t posted on their new website. I’m not trying to be a ‘kill-joy’ here, but we’ve heard all these stories before from NOSPETCO.
@ Seun,
Sorry about that. But silence to your reply is just the best answer.
@Positive
That is great but another way to divert attention. By the way why is it that is only May return they keep referring to. Dont they know that they have over 5 months to pay down the line. No problem shaa, it is well.
It is very simple, if there is a norm that comments should be based on the main topics so be it. It is a matter of orderliness.
This is not a question of this versus that. It is a matter of sticking to the rules.
If there are no rules on this blog, then there would be no basis for this very comment of mine.
On the other hand, if the NOSPETCO forum says that they do not want contamination of their discussion trends, they have the right to complain to the admin.
Guys please what’s nospetco’s new website and is it true that they have acquired a micro finance bank ?
Thanks
sorry,i know this is a dedicated nospecto site but i need some info and i dont exactly know how to get it.1st is lets take a break from nospecto and explore other areas.1,this info about forex is it true.are all them seminars worth it.can one actually pick extra coins there the way they say it.2,them banks are supposed to all have 25 billion so why are they all in the market.are they worth buying into.are there current market prices real or manipulations. TNANX
@Chinedu
you are right, this IS a dedicated Nospecto site, and if you want to talk about something else i suggest you go onto another board. This board is about Nospecto and how we can resolve our problems with them period! People haven’t got their money and you are asking them to “take a break from Nospecto”, are you kidding me?
Yemmy, the new website u r after is http://www.valuedclients.net/
As for the microfinance bank, one hears all sorts of stories, but I’m inclined to believe there is one. For real though, where have you been, this is old new now.
Chinedu, are you a clown, or what? No, we ‘ain’t’ taking a break from Nospetco until they pay us mate. Sorry though, can’t help you with your question cos I don’t know the answer.
I meant to say “this is old news now.”
@ All
In addition to the neva ending ever breaking promises of NOSPETCO wrt returns i confirmed from my uncles discussion wit d chairman that there will be a downward review of returns to 2.5% per slot per month. And also the returns of months june-oct would be negotiated into slots for all clients.(?) thn payments will resume in dec for november returns. other regulations as per divestment will be annouced subsequently. cheers.
Hey Yemi! Where have u been?
@ All,
I dont seems to understand this issue any more. It is like the more we seek ; the more we get confused.
By the way, how many people does this Chairman/MD knows that this one will say i spoke to , i hear from all from thesame MD. I even sometime wonder if he is an administrator or a PRO.
What ever they do with the %, i i know is that i shouldnt get less than my principal which i need NOOOOOOOOOOOOOOOW.
My desire is to know when they’d pay us our money.They have decided to treat us like toilet paper,no briefing at all.No sign of respect for investors.
It’s awfully quiet here lately, what’s up dudes and ‘dudetts’? Word-up, from the latest gist, Nospetco is once again giving assurances that the payment of interest will resume in December; that all efforts are being made to finalise arrangements for this by the end of November.
Do I believe this latest ‘cobblers’; probably not. I’m I optimistic; yes, although that optimism is predicated on the believe that the law is on our side.
I don tire!
I don tire!
I dey go back to my village!
I dey go sell cocoa!
I dey go sell cassava!
Even though na yam….
@Nero,
You are right; it is quiet in the house. Not that it is well with the people though.
I discovered that very few are bold enough to be identified with NOSPETCO and the fact that our money is there.
Thousands of bankers and telecommunication workers with their money in NOSPE are too ashamed to cry out. Those in the Oil and Gas too are not willing to come out. Lawyers, Pastors ….they are quiet.
The matter is left largely in the hand of widows and old men as well as petty traders.
Majority of us are too polished to go the office less we be seen. Some are praying that it should not come to a point where the names of the investors are published for the public to see.
I quite agree with U mat, we need serious prayer and patience to get back our investment. we all r in it
@Mathew,
Its a pity if anyone who has invested in Nospetco is hiding his/her face from public glare.
Companies like Nospecto exist in places like the US, where people just put in there money and go to sleep.
i think the problem with Nigerians is that we are too “big”.
I know if it were in the days of our University education, we would have all matched out to protest in the spirit of “Aluta”.
I want to ask, what has happened to that spirit?So its unfortunate people are hiding like you said.I invested my hard earned money there.I did not steal it from anybody, so why wud I hide or be ashamed of going to their office to get my pay if i were in the country.
What is happening to our generation????????
How long will regulatory authorities want to stay in doing their investigation on this issue?Or is NOSPETCO MD fooling us
Pls. if there is need to beg the so call regulataries authorities{SEC,CBN,NSE} to instruct NOSP. to pay peoples money without further delay i think this is worth doing
@Dele,
The problem of NOSPETCO is not the regulatory bodies as far I know.
It has gone pass that stage of hiding under the cloak of regulatory authorities.
It is not EFCC, CBN, SEC or a case of Banks ganging up against them.
NOSPETCO is just taking advantage of the fact that anything goes in the country.
And with the last judgement of the Supreme Court…….‘anything goes” has been seriously challenged.
I support u mat, it is quite unfrtunate that, in this era, the so called Govt who claim to care for people still keep mute.
@AK,
You are correct!
The government is keeping mute because the masses have not reacted appropriately.
I can assure you that if 2000 nospetco investors take to the streets in protest,president Yar’adua and other well meaning Nigerians will ask Nospetco to refund investors monies.
But the problem is that everybody appears to be hiding,apparently thinking that its a sin to have invested in Nospetco.
Greatest Nigerian students! What has happened to your spirit of alutarisation?
Ile! ile! ile! ile!,…ile…ile!
Nzogbu Nzogbu Eyimba Eyi! Nzogbu!…
Nospetco must climb this mountain, e no go fall!….
…..
….
@
mathew,
RE: posting 507
you said something about the “SUPREME COURT” ruling.
could kindly shed more light on this
Histy: Without much knowledge of Nigeria, I think Mathew is referring to a test case ruling by the Supreme Court on an ‘anything goes’ case, which presumable will set precedent for similar future case/s
Histy & Nero,
I was actually referring to a recent landmark judgement that rubbished the larger than life attitude of some self acclaimed super human beings in the PDP that took victory away from a man in Port Harcourt in a manner comparable only to daylight robbery.
A typical rich and influential individual or group in our nation believed that they can always get away with their horrendous acts. That is why “anything goes” You can settle your way out!
However, the aforementioned judgement is a strong message by the Supreme Court that “anything will not just go again”
Ok, here’s another tale from Nospetco. I have this minute been informed that the much talked about Microfinance is about to take off. In so doing, all Nospetco investors are required to produce their receipts and two passport size photos. What exactly this is for, I have no clue. One would have thought that they have records of investors; so what’s the receipt business all about? Is this another delay tactic by Nospetco? There you go guys, the floor is open for analysis.
Peps, please click on to this link: http://www.valuedclients.net/slide.ppt
Up Nospetco !!!!!! They are at it again.
@Nero,
Bros na lie. Do thay mean that those at overseas should come home to show their receipt.
Ha this people no go die well. So even if they go bankrupt, nobody is sure of his investment since they cant even have our register in tact.
@All,
Just spoke to someone behind one of those numbers on that link Nero gave. Meeeeeeeeen, mouth too much
He said that Investors will be called for a forum sometime in November to endorse the new Plan.
Toooooo much lie. Little do they know that sometime Salt and Pepper dont match
What is actually going on? This people should know that it is poeple’s lives they playing with. On monday they shared a write up to investors saying payment of interest has been going on but slow and it is done through personal cheques. For God’s sake, is it how they’ve been paying us before?
Guys, to be honest with you, I think am dazed!
I just called one of the numbers on their (Nospetco) website (08073089210 to be precise) and the guy that picked the call informed me that I should get to their office (if I’m in Lagos) and collect a letter of address (I guess) by the chairman.
I pray that this would chat a way forward
Backy, Did U get to their office, if so, any better news from the address.
please lets here if anybody collects the letter and lets discuss the content.
or is it another deceit? Is it letter they willl give or money?
Maybe the chairman is giving lus etter of dismiss.LOL
As anybody in the house have been to NOSPTCO office……Pls let us know what is really going on.
Thanks
Please tell me what is going on with Nospetco, because Iam one of the investor and Iam not been receiving my profit since May 2007 and no explanation from Nospetco this is not a right way for them to do business. I hope mr Deoluakinyemi will feed me with all the necessary info as quickly as possible.
Thank you
Let us just hope that the masses will be better off for whatever decision that these people are taking.Let us keep praying for the best to happen.
AMEEN