In the course of last week, I have gotten many calls asking me when I’ll post something on Sefteg so that they can make up their minds whether to invest or not to invest. While I personally do not pride myself as a top notch financial analyst, one thing I do is that I keep my nose very close to the ground and my ears, all over the place. I also rely on the readers on this site to provide the information that they have.
When I heard the returns that Sefteg was giving, I was perplexed! Well, not so badly though, I had heard of Risk Managers giving such returns as well, so it wasn’t too far fetched. They give 30% every month! What that means invariably is that in 4 months you already have your capital back. There is a little snag though, which I’ll try to elucidate on. For treasure link, it’s quite a simple model, you bring in your money for 12 weeks and they practically multiply it by 4 for you. 300% returns in 12 weeks, that’s truly a treasure link, but are they for real, for long, and who among them should rather win your money or your trust?
I’ll like to start by using a story I learnt not too long ago. It’s the story of the Elephant and the 6 blind men. This story has a lot of variations, but here is one that I love so much.
John Godfrey Saxe’s ( 1816-1887) version of the famous Indian legend,
It was six men of Indostan,
To learning much inclined,
Who went to see the Elephant
(Though all of them were blind),
That each by observation
Might satisfy his mind.
The First approach’d the Elephant,
And happening to fall
Against his broad and sturdy side,
At once began to bawl:
“God bless me! but the Elephant
Is very like a wall!”
The Second, feeling of the tusk,
Cried, -“Ho! what have we here
So very round and smooth and sharp?
To me ’tis mighty clear,
This wonder of an Elephant
Is very like a spear!”
The Third approach’d the animal,
And happening to take
The squirming trunk within his hands,
Thus boldly up and spake:
“I see,” -quoth he- “the Elephant
Is very like a snake!”
The Fourth reached out an eager hand,
And felt about the knee:
“What most this wondrous beast is like
Is mighty plain,” -quoth he,-
“‘Tis clear enough the Elephant
Is very like a tree!”
The Fifth, who chanced to touch the ear,
Said- “E’en the blindest man
Can tell what this resembles most;
Deny the fact who can,
This marvel of an Elephant
Is very like a fan!”
The Sixth no sooner had begun
About the beast to grope,
Then, seizing on the swinging tail
That fell within his scope,
“I see,” -quoth he,- “the Elephant
Is very like a rope!”
And so these men of Indostan
Disputed loud and long,
Each in his own opinion
Exceeding stiff and strong,
Though each was partly in the right,
And all were in the wrong!
MORAL,
So, oft in theologic wars
The disputants, I ween,
Rail on in utter ignorance
Of what each other mean;
And prate about an Elephant
Not one of them has seen!
What should the blind men have done? They should have listened to each others perspectives, put it all together, and get a fuller picture of the elephant like the one above. We all look at things from different angles, I’m about to share mine, feel absolutely free to share yours as well. When we bring it all together, it gives a fuller picture.
SEFTEG
Plus: 1)Sefteg allows you to invest as small as N50,000 and promises you 15,000 per month (30%). If you are willing to delay your gratification and collect returns on a quarterly basis, they give you returns equal to 100% every quarter, and more if you don’t mind collecting after a longer period. 2) They seem to care about your next of kin, so they ask you to submit the passport and name, at least, if anything happens to you, someone can still claim the funds. 3) They pay you 5% for referring people to them (remember to mention my name oh :)) 4) There is an extra bonus for investing more than N300,000 with them, you get to earn divided after each year if the year was really good.
Minus: 1) They say they are into local and foreign shares and diamonds, that sounds a bit spooky. Which foreign shares guarantees you so much? Loads? 2) Their office looks like they haven’t started using the money, but that’s not a problem, few of these schemes have good looking offices. 3) I hear your capital expires after 2yrs. You first forget your money for 2yrs only never to get the actual capital back. This is also not so bad, it means your money returns 620% in 2yrs and not 720%. 4) Sounds too good to be true and not sustainable. Why not offer less? If they offered 15% won’t we still be interested? Why 30%? It looks to me like a hunt for the greedy. 5) I don’t know anybody who is doing it, or has recovered his/her money in full, if you have, pls speak up.
General Gist: Their office is at 10 Abibu Oki Street. Leventis Building Suite 05, Ground Floor Lagos Island. They can be reached at sefteg02@yahoo.com
My Personal View: If you have some money you won’t miss, you can try this. It sure won’t hurt to have 50k somewhere to fund your parents account, and if it stops to work or doesn’t you know you can afford to miss it.
TREASURELINK
Plus: 1) If all you have is 9,400 you can start, this seems the lowest as of today. 2) You don’t need to worry about your money for 1yr, it’s just 12weeks of sleepless nights 😉 3) It’s almost 300% returns in 12 weeks, the only thing that currently beats that is Canadian diamonds, and that’s MLM (i.e it comes with some effort). 4) If you can afford to loose N30,000, about 10 of you can combine together to make part with 100k+ each in 12weeks. 5) They are into the popular oil and gas biz.
Minus: 1) My first attempt at cracking these numbers made me feel they were into some kind of pyramid scheme – it’s rosy for the guys on top (the first to try it) and the base keeps getting wider, until it bursts. 2) Why aren’t they using the banks, I understand the problem of collateral at the beginning of every business, but what about now? 3) Looks like it is time bound, how long can this be sustained for. What will the objective of this be?
General Gist: Their office is at 29 Airport Road Lagos, their head office is in Ibadan. The number of slots, investment, returns are shown in order below.
7 9,400 30,000
15 19,000 70,000
21 26,200 100,000
31 38,200 150,000
41 50,200 200,000
63 76,600 310,000
127 153,400 630,000
255 307,000 1,270,000
511 617,200 2,550,000
1023 1,228,600 5,110,000
2047 2,457,000 10,230,000
My Personal View: If you must do this, do it with money you won’t miss, partner with a few friends, make up you mind not to get hooked, set a target and stop on target. These type of things if they work will increase your cash flow, but not wealth. Wealth takes discipline and consistency. That’s available at GFS 🙂 (What do you think, I can sell what I believe in too now, abi?)
I hereby declare the floor open for the other “blind men” and of course ladies. Let’s pull our thoughts and research together, and lets make some money 🙂
292 thoughts on “ROI: Sefteg vs. Treasurelink”
I was already going to ask you about these 2day, cos i heard about them from a friend, as you say, if one is looking for cash flow, then risk what you can afford to lose… and for Wealth i will definetly go with our own GFS.
although i am yet to know the minimum deposit and if we get paid everymonth too.
as usual your are a wealth of knowledge or should i say a blessing to us all.
For Sefteg, I personally know someone who has received 2 payments… meaning he has 2 more months to wait and he’ll be in profit. Like Deolu said, this should be done with money you won’t miss. I always say the higher the return, the higher the risk… and the advise is not to be greedy. If you must go for these high yield investments, transfer the monthly returns into more stable investments like Stocks, Real estate, Mutual funds or even keep it in the bank. If you keep reinvesting your profit into the same company, you’ll only have yourself to blame if something goes wrong.
Deolu,
This is clearly high risk and like you said, the watch word should be ‘invest what you can afford to lose’. If you make your money back, you can play with the excess. They’re getting bigger every 24hrs. One day, they’ll be unable to handle the pressure then …kabooooom…Be wise in your dealings and protect your self from the explosion.
All these investment opportunities sound like an abundance of rain but if we throw cautions away, we may eventually have ourselves to blame.
They came up now just because of the nature of our economy that has refused to be revived after several attempts.
But Deolu, like you said it is good to put the money there if it would not hurt and if at the end of three months your money is back, you can close your mind for eventualities.
God will guide us right
Deolu,
Thank you. This is a very high risk investment. but you know everytin in life is about risk. if you have money you believe if you loose it it won’t pain you, why not try it.
Hi, thanks once agian for your analysis. I wish to clarify an issue. Does it imply that I dont get anything from Sefteg until after 2 yrs. i dont seem to get that part. Pls any telephone number?
@ All thanks for you comments and valuable suggestions, I’ll say look before you leap too.
@Tioluwalase, 08034700757 and 08033537607, lanre and bimbo consecutively. What I understand is you keep getting interest every month for 2yrs. After 2yrs it all stops. You’ll need to reinvest another capital to start again.
Thanks Deolu, meanwhile I saw some one that looked like you on Funmi Program ( NTA) could not really hear anything but I thought the person really looked likeyou, was it?
hi deolu
pls do you have any phone number or e-mail addy for Treasurelink?thanks
I believe this people are fake. What stocks will bring that kind of returns they are offering. Well, like Deolu said put the amount you won’t miss in case they disppear into thin air.
Treasure links- 08066787307, 08039400007, 08033889458
What’s responsible for the current proliferation of these schemes at this point in time? Can somebody respond?
Tioluwalase – These lines are not available. I have made several attempts at getting to speak with someone at the other side.
Is there any information available about individuals who’s been to their office?
hi Tioluwalase,
bin trying the treasurelinks number since yesterday and the only one that’s ringing is not answered.are you investing with them?how did you go about it?
Hi Lolo,
These companies tend to operate on the private equity model obtainable in developed economy.
My fear at the moment is that they meant not be well organised,although they help to propel the market.
I have a feeling that what we are seeing lately have to do with some growth in Nigeria economy.
These company do thrive because they are less regulated.They tend to operate in secrecy.There is also lack of accountability and transparency on their part which make many people uncomfortable.I want to believe these companies look out 4 bargains e.g undervalued stocks, oil & gas import/export, shipping etc. In most cases return tend to come in short term.
If too many of these companies spring up and chasing similar deals and competing with each other this meant not be too healthy.
Another problem is that if this company have too much money, they might start overpaying and is just a matter of time they will run into problem i.e umana umana.
Presently this is season of growth for these companies.
Do invest wisely and fast, have at the back on your mind growth in biz like is followed by a crash then growth again. History tend to repeat itself.Can i hear u saying finance house of the early 90s.
hi,
all these investment schemes are all risky but according to Deolu put in money u know u won’t miss. i want to use this medium to market the canadian diamond traders and clubfreedom, these are mlm programmes and they are for real, Deolu also mentioned that of canadian diamonds, if u want more info on both programmes call XXXXXXXX.
All investment are risky no doubt, even personal business does not exclude one from this reality. However what i think comes to mind when one hears of all these investment opportunities, is beyond the normal risk factor. It is Geniuness. Are they into real legal business? Who are the people behind the whole thing? Are they registered with appropriate bodies? What does EFCC think of them?. These and many other similar questions will create more clarity on the subject matter, rather than waiting for a while to discover that they are a scam. Can some please answer my afore mentioned questions?.
I am finding this difficult to believe maybe because of my education, training and experience. I have been around for a while in terms of financial management experience but has yet to know a business model that make such returns. What business will these schemes be doing with the invested sums? There is that simple financial principle of matching tenor of funds with the gestation period of the business investment ie short term funds should only be put in investments that will quickly turn around profit. We should all watch out with these schemes please!!! Sounds like the finance house schemes of the early 1990s to me. The starters will make the returns so as to widen the net while the later entries will lose money.
Hi All,
I have this much information on treasureline. I have been discussing with some of the key people there in the last 1 month and the latest information I have which may be of interest to all is that they have been discussing with the Security and Exchange Commision to get registered as Fund Managers. They have recorded some success along this line because they were listed amongst the companies to be registered by SEC in the 1st quater of 2007 as fund managers. You can check the BusinessDay newspaper of the 2nd of March. I figure that SEC will look into their legitimacy before getting them registered. However, anything is possible in Nigeria.
I plan to go into this investment in this operational week. The beauty of it is that with the return rate, you can afford to sustain the same level of investment after your first payment.
My advice is to invest only what you can afford to loose. The rewards here though far outweighs the risk. Your measure of the risk we should remember is partly a function of the information you have about the scheme and how releible that information is.
Hope this helps.
Shalom!
Life is all about taking risks…Like they say…No risks …No reward..
Sometimes…when we waste too much time, we lose the window of security…
Even if it was fraudulent, do you think they would not be greedy as well to allow it last for about 12 months before cutting people off.
My brothers and sisters..I have set my investment limit.
Come Monday morning…i will be off to Sefteg…
Hi, I went to Zenith where Sefteg has an account and was told that one cannot pay into the account for now. What can this imply???????
Latest information has it that TreasureLink is FAKE. I have not been able to reach any of the lines given by Tioluwalase. Investors, beware!
Hello Lolo,
U are supposed to believe what u desire. I have gotten thro to them on a number of occasion but until recently. For you to outrightly declare them as FAKe is not wise and not fair. They have recently applied into SEC as fund managers. U can copy the link below and check it out, no 18. I have benefitted once and will do over and over again.
Cheers
http://www.sec.gov.ng/pnoticesintendingoperators.htm
Lolo,
What information do you have which made you to conclude that Tresureline Interlink is fake?
Hello Tioluwa,
I guessed my conclusion was rather hasty but it was based on the available information. You should have notify the house with the details of their dealings with SEC when you have it.
Whether they register with SEC is not an issue until now, this is just an addition to their CV. I sent the SEC stuff when I got it. For your information I will give whenever I like.
To be frank the issues are serious most of them are tempting real tempting but very risky. Come to think of it are there no laws that can bind them incase of fraud? we see there representatives all around,but that is not enough.If they are real believe me it cant be for long.If you will try, try now they will want to encourage people and probably back out when they have peoples trust. Life it self is risky so i might try a few.
Cheers
Hi All,
It is so sad that we all have either heard or experienced that individual and supposed cooperate bodies have used several mediums and platforms to defraud many of thier hard earned monies. Nonetheless, the fact remains that not all businesses and people will be involved. when i first heard about NOSPETCO, it was with mixed feeling,but since i joined,it has been smiles all the way. The Nigeria factor cannot be undermined,but the risk in joining any of this investment opportunities is equal to the risk we take in leaving our homes in the morning in search of our daily bread. Remember, not all who sleeps @ night will wake up in the morning and so when you do, just believe God still have plans for you. When you join believe that for as long as you are involve, nothing will happen. Just as u plan for 2moro even when you are not sure of the next 1 hour of your life. FAITH IS ALL YOU NEED!!!! Anyway, you can wait for me while i collect my 2.55Million in a few weeks time.
Dapo Banjo.
Bros, i see it your point o,really tis too good to be true and enticing even to an investment analyst and a finance consultant,but what can one do in this kind of economy? You need another source of income apart from your monthly earnings called salary and you will not steal.
What i believe like you said is for one to put in a little amount you will not miss if lost and not to be greedy. I know one or two peopple that have gotten return on their investment and the gist is that interlink is registered with the SEC and SEFTEG is insured with an insurance coy ‘foreign’.If you can help verify these infoormation,it will help i guess.
Thanks
Hi all,
Tioluwalase, I felt very uneasy when I saw the website you submitted ( http://www.sec.gov.ng/pnoticesintendingoperators.htm ). It is too un-professional for a Nigerian parastatal and it appears to have been manually typed ( my dog could produce this page in it’s sleep – If I had one ).
If you visit Central Bank’s site ( http://www.cenbank.org/Supervision/otherlinks.asp ), the web address for SEC is “http://www.secngr.org” and it is under construction.
Is it possible that the link you submitted is a PHISHED SITE?
Don’t get me wrong; I am also looking to put my money to work, albeit, very cautiously.
My advise, “While it is good to look before you leap, try not to become a spectator”. If you can part with some free funds, and I mean PART WITH IT, go ahead, take the plunge.
Afterall, that that cannot kill me will only make me stronger.
@ All, here is fresh information I just got from a mail from a friend I haven’t seen in a long time.
“Hi Deolu,
Tall time no see or hear from you. I guess i now know why.
Since i came in this morning i have been on this site and i have also asked myself, why havn’t anyone inform me about this? I was search for some answer through the yahoo search engine when i saw you site as one of the pages to check for solutions. You bet i did not wait for other sites to display before i clicked this.
About SEFTEG Vs. Treasure Line/Link
I have a friend here in the office who invested in SEFTEG and was paid the intrest promised in the agreement and he has invested more. Seeing that the stuff looks real and with all i have read and heard from people i have also invested some little amount too.
My plans was to take excuse from the office and finilize all paper works concerning the investment in both SEFTEG and Treasure Line/link. Lucky for me i confided in a senior colleague on my mission. She quickly advised me accordingly, she said i could go ahead with the SEFTEG but for Treasure Line/Link i should not do it because there are some guys who invested in it and have not gotten either capital or intrest till today and it’s now the 16th week since they invested. That the company has been asking them to wait and uptil now (march 14th, 2007), they are still waiting. These are people well known to her.
I feel this information might be of immence benefit to the house.
Keep the flag flying.
Joshua”
I also recently spoke to some of the managers of SEFTEG, Amandi a neze oh.
Hello All,
Chris you should be carefull before condenming the work of others. Tioluwalase’s links is definately not a phis at least not the SEC home page he provided i.e http://www.sec.gov.ng is REAL.
What I did (and of course which anybody with internet connection can do) is just to use google to search for “Security & Exchange Commission” under CBN’s website.
To do this just type into google “Security & Exchange Commission” site:www.cenbank.org
It makes google to search for “Security & Echange Commission” only under CBN’s web site i.e http://www.cenbank.org
Or preferably just click on this link
The first link (with a date of 14 Mar 2007) on the google search result takes you to a CBN webpage. That page has a colmn on the rigth with the heading “Other Related Institutions”. SEC is number 18 on the list and the homepage is exactly the same as Tioluwalse’s. i.e http://www.sec.gov.ng
However, the SEC home page timed out, but so also did the Nigerian Stock Exchange Homepage (Number 20 on the same list). I dont think its anybody’s fault that these pages are not up.
I’m like you Chris, I want to invest in treasureline as well, but I’m also being careful, doesn’t mean I should bring down someone else’s research effort.
@Deolu
Very good info from Joshua. I guess I have to hold a while before putting my money on the line
.
Hello again,
The SEC homepage will load with this link http://www.sec.gov.ng/index.htm There is a column on the right side of the page with links to some other pages. The first link take you to “Current List of Market Operators” Following that link, I couldn’t locate Treasurelink on the list. So I went back to Tioluwalse’s link. The heading of link says “INTENDING CAPITAL MARKET OPERATORS……” Meaning that they are yer to be registered. The body goes furhter to say that “Members of the public who have objections to any of the applications are advised to forward same to the Commission……” Maybe those guys Josua mentioned above should consider this option.
Hi all,
Let me start by saying a good job well-done to Adeolu Akinyemi for his initiative to float this kind of forum.
I am currently in the UK studying and really interested in investing in some of this companies.
My Finance module thought me that the higher the risk the higher the return. So since someone has got his or her return within the stipulated time this implies that the investment is real and it is worth taking the risk.
Like Adeolu advised that one should not put the money you will miss and I am of the opinion that merging with friends will make one spread the risk.
This is to me too good to believe!!But to be sincere with ourselves life is all about risk.My advice to everybody is don’t invest what you cannot afford to loose or part with.
Deolu, you have said it all.A word they say is enough for the wise.
Guys keep investing but just be careful!!!
Hi Deolu,
Wheneevr i try to view this iste it seems to ‘ open with errors’. The comments are usually cut of by the sides hence I cant seem to be able to read thro the comments properly. Is it my browser or yours?
I cant really clarify what people are saying about the SEC thing for treasure line. I never said they have been certified by SEc all I said was for people to check out the site and confirm not conclude that they have been cretified by SEC.
I mean this site and not iste.
@ Tioluwalase,
I think it’s your browser, or does anybody else have this kind of issue? I’m using the latest version of mozilla as my browser and don’t have any of these issues… you might want to try it. Let me know if there are any other issues.
And thanks for clarifying so many issues about SEC e.t.c here. Well appreciated.
I think Nigeria has gone beyond those days when one man or a body can reap off Nigeria just like that, our regulatory bodies are up to the task.
I have invested 4 slots in nonspecto and have made my pay back 2 ys ago, i have started with sefteg and am in my 2nd months,so i nurse no fear or risk.
If u are scared,pls keep ur money in the bank and dont spread news u cant back up.
Yes I have the same issue Tioluwalase raised. The comment are cut-off from the lef side margin. I use IE version 6 and I’m don’t have the administrative rights to install anything on my coy’s system.
Well, as a temporary measure, I just copy the messages out to a word document or even notepad. This brings out every character in all messages
Chris, I think your statement- ‘It is too un-professional for a Nigerian parastatal and it appears to have been manually typed ( my dog could produce this page in it’s sleep – If I had one ‘ is somewhat rude. If there is an issue with something think you should clarify rather than castigate. People like you are the ones that make people keep information when they have it.
Though I have not invested but I know many people who did and have received their pay off.
The earlier the better.
Tioluwalase, Ibrahim, Haba
Tis a pity you’ve decided to take my observation PERSONAL.
In case you did not notice, I critisized the DESIGN of the site and not the fact that YOU posted it. It was a straight observation which is supposed to help in researching the matter further ( which is wot Ibrahim did ).
Loosen up. I know this issue is tense and investing your money is very personal, but please, keep an open mind, share your findings and please welcome other people’s observations. Even if we appear too “NOT TECHIE” to use the internet.
Oh, by the way, I still think the SEC site is $£!tty 🙂
Hey Chris
Pls read my post again. I didn’t take it personal with you. I just dont think its healthy to call the site a phis simply because its not too professional (at least in your opinion) and also the statement about ypur dog.
By the way I have not invested. For me, it rather sounds too good to be true, then the mail from Deolu’s friend Joshua. However, this is Nigeria and we are talking about oil business here. Allmost anything is possible in the Nigerian oil industry. I’ve heard of people earning thousands of USD on a daily basis.
Hi All,
I’m new to this site, and first of all will like to say thanks to Adeola for the innovation; I have appreciated all the information’s been shared on this forum and hope long it continues.
I think d watchword is caution and on one should get carried away.
Michael
Nice job setting up this forum as it is very informative and entertaining.
There is sumtin we’ve gat to realize, there is nuttin that goes up and does not come down. whether its regulated by law or listed on SEC does not have any bearings whatsoever, afterall banks and companies do collapse.
The most important thing is jump in early with ur eyes wide open. After making ur initial investment, u can then think bout the next approach.
So far, has anyone gotten back any form of payment from treasurelink. I was told they started last august, it’s bout time someone gets paid.
Hi Deolu, I,m quite impressed by your site. Actually I heard about sefteg yesterday and I was very curious and sceptical about the whole thing ‘cos its too good to be true, but as the saying goes “no risks, no reward”. My question is as a student is it quite advisable to take this unmeasurable risk?
Hi Deolu,
Reading the article above made me thing again about HYIP [High Yield Investment Programs]. I would like to know if you have at anytime looked at such programs that are offered online and if you think we can make any money from them. I can say i have read a whole lot about them in the past couple of days, but then i am not so much of an investment guru, so i can’t really say but i am thinking of taking the rist with little amounts to see if i can make some money, but i would still like your opinion or anyone else who might have some clue?
Thanks
By the way keep up the good work of trying to give us all the chance to hit it big
I had a friend who works at Firstbank, run a check on Sefteg account.He found out that the deposits are left dormant for a long period of time and during this time frame there appears to be no major withdrawal made for something like investing in the so-called oil and gas they are into.It appears that they simply make payouts using other peoples deposits.Sounds complex?No,actually its very easy to do:just keep on accepting deposits and make payouts using the deposits and in a fixed period of time the set-up may foldup.Infact, Sefteg was incorporated last year, which makes it more difficult to understand why they havent invested people monies up till now.Some of these deposits are even kept in fixed deposits……and the interests?Well, your guess is as good as mine…If you have something conflicting please dont hesitate to reply this post.
luvin the comments…by the way you can reach treasure line on 01-8790898…perhaps someone could shed more light on the rumor that CBN’s governor’s “hammer” coming down on these “illegal finance houses” especially with the blackmail campaign being run by a so called “association of finance houses” that fingered nospecto as illegal in a publication in The punch newspaper…i find the possibility rather absurd but then…and if ma lil question strikes fear in you heart, then i guess you have no business dealing with “high risk, high yield” investments
i tried the lines for sefteg but none is going thru. any more numbers?
I visited Sefteg’s office last week friday and was surprised to find out that the office operate from a one room back office with just two staff. Intending investors should be cautious of where they put there money!
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these remarks are really interesting.
i’ve invested 307,000 naira in treasureline (two weeks ago) and i was thinking of investing more. but after reading ur comments, i think i’ll just put it off. i might even consider sefteg.
I heard sefteg is moving from abibu oki street on lagos isalnd to FCMB building on oyinjolayemi in VI by april 02,2007.
my advice is you invest what wont make u colapse in case it is a scam.all the best my guyz
From the comments so far, GFS stands a chance as good investment to rely on at the momment.
Please don’t gamble!
Hi, i have being trying to do some background check on sefteg and treasurelink but i cant seem to find a website for both investment companies. Pls can you help out here. tanx
hi, pls can you help me out with the web address of Nospetco oil and Gas.
Hi deolu, can u tell me what GFS is all about.
I was only informed about Sefteg Nig. Company yesterday and my friend told me it might be real. Although he hasn’t invested into it. Maybe if I have some excess cash I might just tried and invest a little into it.
tell me more about your product
hi all,
lovely contributions!
please when do u think sefteg starts counting once one pay into their account?
kingsley_B
hi,
lovely contributions!
please when do u think sefteg starts counting once one pay into their account?
cheers
Deolu,
could you kindly give more light on GFS and how it runs, i really cant get it. Just shed a little light and what the returns would be like. I would like to know the minimum balance of the two types you have (PMC and FMC) and also the GGR.
i just want to know if anyone knows about silver trust investments
Hi Guys,
Am i have investment in sefteg, and i think i can answer your question.
Let’s say you pay in today 5th April, expect your intrest 6th May (If it’s a working day)
I hope this answer’s your question.
Thanks
PLS IS THERE ANY TRUST,SAFE INVESTMENT YOU CAN GUARANTY .
Deolu,
How can I apply to work with GFS?
Emeka,
There is no investment that can be guaranteed not even stock and shares or property
Emeka, that’s the simple answer. None is guaranteed! That’s why you need knowledge and information such that you can balance your risk appropriately.
Deolu
I’m interested in the saphire club of the first inland bank but don’t you think a website is needed in order to make success as you have rightly analysed?
Deolu,
more power to your elbow.You’re doing a great job in making people realise the impending danger in not looking before they leap.I’m just a beginner in this site.
Can you just put more light on ‘referral’ involved in GFS because I’m contemplating on joining in due course.
Does anyone know any scheme called web solutions,i will really appreciate ur urgent response
Dear All,
Nigerians and human being generally dont and will never learn from history.
The era of the finance houses was a blessing and a curse to many till date, the fortune/Eriri Eriri; Umana umana, etc
Now again, Nospetco and few has restarted the money doubling scheme and the field is being flooded by other money multipliers now…………….be careful!
Whie limiting yourself to 10-30% returns monthly when you can make more yourself? With N1m, you get N10K – 30Kmonthly to recover your capital in about 4 – 12 months. But with time and a good broker to advice, you could make 50-100% between 1 – 3months. This is what they wont tell you, and because they believe (and often right) that the average Nigerian is mentally weak and physically relaxed, they take us for a ride.
May I ask you all this simple question: under what legislation (CAMA, etc) are these company registered in Nigeria and are they permitted to operate in money matter the way they do? Pls be careful, cos if EFCC wages in as done to finance houses, then your sweat would fly away right within your own eyes.
My sumission is just am advice. If you do it, pray to get your invested capital out + small profit before they all vapourise.
See ya next time. Am watching and I sincerely pray my fears dont come to pass.
HI
@Kayode Ehiz
pls can you recommend any broker that can achieve that result of 100%in 3 months because i still spoke to one on saturday and his promise was 50%PA.
thanks
hi guys,
i have actually invested in sefteg and until date i have been able to get 2 months payment and am expecting the 3rd before the end of the month. i think sefteg is real but what baffles me is that the 5% bonus they claim to be paying on every investment of every customer u refer seem not to be true. i have reffered over 7 people but i have not gotten a dime on any of their investments…infact, i have made reports to 1 of the ladies in charge of the whole business but the reply i got is ‘refferal bonus is on hold for now’…but really, i am very okay as long as the 30% on my investment gets to me monthly. please guys, i need info on wealth solutions. i’l like to know if anyone here in into it or knows anyone that has a testimony about dem.
Ade
Dear all,
i find this forum very interesting ,however i realize that most of us potential investors are not investing in the most important asset ,YOURSELF.
i assume everyone here wants to be wealthy,but in order to realize ur dreams you have to LEARN TO EARN YOURSELF. If you invest in educating urself FINANCIALLY, U CAN USE ur knowledge to earn even more money than these schemes promises, more importantly, u have CONTROL over ur money.
Deolu,
i really appreciate ur views and insights .I hope ur ideas turn into wealth and goodluck !
Ade, pls. i need more info on sefteg.i tried their lines but they r not working. i want to make an investment . pls. reply
@Ade, I heard the referral system has been canceled
@Aisha, They’ve moved from Marina to Oyin Jolayemi Street. FCMB Building. V.I. Don’t know their phone numbers though…
This site is really rich, i really get informed.
Thanks comrades
I Invested in NOSPETCO 10 months ago and my returns has been coming in regularly I am planning to try SEFTEG. Life is all about risks but we have to manage the risks wisely.
Pls could anyone let me know if there are other schemes that pay more than sefteg, wealth solution, treasureline, wealthzone and nospetco, i am involved with them all and i need to take more risk cos the higher the risk the higher the returns. PLS HELP!!!
Hello Deolu
I trust that you and all yours are keeping well. I need clarification on four issues – 1) modus operandi of the wealth solutions scheme, 2) the GFS, 3) 6k4u, 4) Septeg(?). Also, Jide of Treasureline Interlink Limited can be reached on 08055242220. Deolu, I do need this info urgently. Thanks in advance.
pls whats the least u can invest in NOSPECTO
Bros how far?saw ur mail as per sefteg office space in ur correspondence,just want you to know i heard that they are somewhere at Oyin Jolayemi str V-Island now.Guess while all this lasts dont put more than you will miss,everything na risk.Men you are doing a good job keep it up,only say u sef like the %thing mentioning your name more wad 4 u.
Bros thumbs up keep the good work up
i invested in sefteg in march after researching on it for about a month and a half.i have received my april payment.no matter how much research is done on these high yield schemes it does not reduce the risk involved.people go on about how legitimate they are but what would you say about banks that go under for not being able to meet up with current cbn regulations.were they not also legitimate?it’s best to get what you can now before the bubble bursts..it is bound to burst.once the market gets saturated then some people are going to be crying foul.
get as much as you now that you can…just don’t be greedy…
the time frame i would give these schemes is 2yrs.
i hear wealth solutions have the most outrageous payout.they started in january…they still have about 18months to live..(for them however i think i’l give them 12months.)
happy investing to all
hi
i will like to join the canadian diamon trader and also the sapphire flash club under you, but am a bit scaptical abaut the cdt. how do it work, hope its some kind of difficult MLM that u slave to death b4 making a profit
thanks
hi guys,am new in da house,heard sefteg,treasureline,wealthsolution accts wth gtb bank has been frozen by efcc…can someone pls make some findings on the true facts…nice job deolu.
hi deolu,
heard this morning that Ribadu(efcc) said all these investment companies shld stop all transactions for now and that all banks shld not pay from thier acct.says he wants to carry out some investigations on them all.ow true is it?pls respond as soon as u get any info.
I am shocked at what Nigerians can do to their fellow Nigerians. Do we hate ourselves this much. After reading all the series of mails from contributors. I am angered at what these companies are doing to fellow Nigerians. A lot of investors will not survive losing their investments no matter how little theyhave invested.This is daylight robbery. We know how greedy people are. Our love for money is uncomparable to none. This issue is a very serious one. The banks want free funds. The investors are money monkers, the companies involved are fraudulent, the regulatory authorities are also mischieveous? Do the EFCC want to tell us they are just getting to know about the existence of these companies? Some of them have operated for years and months. Our regulatory bodies should find out and monitor activities of companies who go into funds management. How many people in the public have access to the internet to know what’s happening? I pity all those who have put in all their life savings expecting returns that will never come to pass.
All investors who have invested should take heart. May the Good Lord give you all the grace to bear your losses.
mary,u shldnt jump to conclutions dat all the people dat ave invested into these coy ave lost their money,try and be optimistic in your reasoning nd learn how to encourage instead of running people down…investigation dosnt mean the end.
Deolu,pls could u confirm if the freezing of the so called investments bank accts by efcc is realy true.cos i know couple of people who payed into wealthsolution’s first bank accts today….if all debits and credits into their accts ave been stopped,why are the banks still accepting payments…pls let someone make some genuine findings.
Hello Deolu,
Can you confirm if there is any stay action on this investment?
I was in the GTB to pay toda and was told to hold on for awhile because an investigation is currently going on .
Thanks.
Proshare News
NEWS ALERT – Investors in Private Oil Deals
Posted Friday, April 27, 2007
There is unconfirmed news that the EFCC via its NFI Unit has commenced investigations into the following schemes: Nospetco, Flagship, Sefteg, Wealth Zone, Wealth Solution, Treasureline and Greenmind.
Though we are unable to confirm this information at this time, the source (who works for a bank) claimed that all banks in Nigeria have been instructed to freeze the accounts of these firms (No credit no debit) effective 25th April 2007.
i will welcome any confirmation on this investment outlet that has generated a lot of attention lately.
are there any of the high yield investment company that been indicted by efcc
Tinuke,i dont know wch branch of GTB you went to ,but i am telling you as of today GTB bank airport rd branch,the one very close to treasureline accepted payments today..also news have reached me that GTB has unfrozen Treasureline bank accts and payments is commencing rightnow…i also called wealthsolution’s head office in ibadan and they told me,everything is going on fine and people are still paying into their accts,as a result none has been frozen.
i heard the news today and am somehow worry cos someone says the banks ceo are the one behind all these investigation.anyway i pray thing comes out good cos my money is there oooooooooooo.
hi peter,
canadian diamond trading is really a nice and safe program. it is better to spread ur risks , so give it a try. i joined in november and cycled out in december and im in again in this endless cycle of $3,500 and diamonds worth $2,500 every time you cycle out. you can call me for more details- 018908090
Deolu,this is a very wonderful site,more power to your elbow.i invested in sefteg on the 19th of march and was paid on the 20th of april.although no referral commision was paid as promised.i hope the news about the freezing of sefteg accounts does not mean we have lost our money.
I must say a big thank you Deolu for the way you analysed both sefteg and treasurelink.What i want everyone to understand is that no business comes without its own risk.I somehow believe sefteg,reason:its a mind thing and i will follow my heart.I plan starting with as low as 50k and i will see what will come out of it.I will also love to invest with Genesis solution because of the fact that i trust the owners.Like the popular saying goes ‘follow your heart and Shine your eyes.
no matter what we speculate about this invesment stuff the fact still remain that until you try it personally you can’t say anything outrightly, just make a trial with what you can go to bed without worry on. i am going to look for them personally tommorrow please any one got contact with any of them recently? kindly let me know the latest gist about any of sefteg, treasurelink or nopestco
Hi Deolu,
You are doing a good job.
To as many as aired their comments, I think we all need to look before we leap, then get evidence of whatever irregularities or abnormality in these ‘finance houses’ so people can make informed judgement.
I think the people with meaningful information should share with the house.
Keep the good work going Deolu and well done.
Hi Pple,
Just saw the comment about Seftec and thier not making any activityon that account!!!!
Really i’d encourage our banker friends to try check up for us, see if they have an account in your own bank and if theirs movement in it, cause i’d like to believe that they cant have one account……..
Pls lets know ur findings cause this could be information worth knowing…..
Thanks
hi Deolu,
could you educate me more about clubfreedom?my friends and i are planing to buy the whole slots…could you tell me how many slots or stage do we need to fill up to have the first person cycle out?you can email at seun4lifeng@yahoo.com or call me 0802392689,8522227…tnx
Still on Seftec, i want toi say a big thank you to all those who have contributed in educating me in one way or the other about the company. I have made up my mind to give it a try. If u dont try it out, u really cant tell,i am planning starting it with 17k.
I will like to know their office addresses, both in lagos and ibadan and in any other branch.
If you also know of another one, do please, let me know.I learnt there is another one called wealth solution in ibadan.Have u guys heared anything about it?
thanks a zillion times.’Deolu, you are doing a very wonderful job.How can i be a part of your program.
I just got to know about this website few days ago thru my bossom friend(Enoch). I have read thru all the mails sent by the contributors and i must confess have been really blessed by what i have seen so far. Deolu, you know what! YOU ARE TOO MUCH. God bless you . we need more of people like you and me in this Country-Nigeria.There are two main things i would like to discuss with you for now. First,
i’m a medical doctor, contrary to the belief of most people that doctors don’t know any other thing apart from medicine,they don’t know how to manage money, i want to be different, i really want to know more about investments. Secondly, i have an idea that i think is worth sharing, but i will like to discuss that with you pesonally if you can arragement for us to meet. My phone no-08052080931.Tnx,God bless you real good.
deolu,
pls i,ll really like to know all about GS and club freedom. I was interested in sefteg but with all the info i,ve gathered from u all, i think i,ll pause 4 now. so if anyone can tell me about GS, i,ll really appreciate it
I learnt that the pay -in of wealth solution have been adjusted with effect from 16th -may 2007(wednesday) week 17. the minimum is now 21 slots – i.e N34,650, rate per slot is now N1650.
I guess this is as aresult of increase in partronage, you need not hear how much people are patronizing them each day.
we pray tthat the jealous bank moguls will not succeed in running down this God-giving privileges to the middle and lower class masses
Amen.
join 6k4you here
http://www.6k4you.com/otuayi1
http://www.6k4you.com/olusanmi1
i just heard about them last week, and i have been searching for information about them since then. but i’ve gotten enough for me to make a decision.
i think i’m interested in SEFTEG, but can’nt find their phone numbers on this site though i have sent a msg to their email address.
thanks.
continue the good word.
you can as well make some cool money with 6K4YOU. you will earn $6,000 within 10 weeks. just follow this link http://www.6k4you.com/tfk
pls I want knw about wealthgate?
Hi Deolu,
They said a word is enough for the wise. In this case of Sefteg investment actaully i did it in november and till today i have collected 5 times my 15000k am waiting this month payment it is optional it is not force but the thing is that you should not put the money you will suffer for if the thing in not true.
it is always ‘ Na lie Na Lie in nigeria if we did not buy lie we will not buy the true ‘ .
So in my own view i thought it is true for now.
I really don’t know which to follow now,
I want to put some money on this wealth solution and sefteg.
But comment from people here may make hold on or put in little that i wont miss too much
Does anyone heard about cashseeds at ibadan, If you invest 2000 naira you wil be pay off 228,000.00 two hundred and twenty eight thousand Naira After 8 weeks. I have invested and i am now Afraid
I have entered into the feeder board level and all my downlines have paid but we require ppl to take up the slots that have been paid for immediately.
If you are interested join this wonderful team @ http://www.6k4you.com/SolaIsiade for a speedy moving forward.
Thanks
oludare,
why are u afraid?remember the process u went thru to pay!u were not afraid then,it is after payment that u are now afraid?is to late to cry when the head is cut -off ooooo,Dont mind me i was only pulling your legs.
Remember the slogger.”dont put what u cannot afford to loose!!!
I think there are now too many of this hyip,so let get more information about them before making payments,if u must make.Moreso,the fact that they have account nos in the bank is not a guarantee for payment b/c the data banks may have maybe fake,so let us be carefull
the new era of the hyip now is payment of as low as =N=2000.00,some do not even have an office where u can visit and chat with them all u have is phone nos after payment .
‘be carefull when investing’.
weel, all said and done, it worth giving a trial.
i’ve made up my mind to invest what can’t hurt me.
it’s 50-50. you either venture inlife or you vergetate.
life and investment is all about risk…period.
Hi Oludare,
Please guy give us the contact details of cashseeds. That is phone number, contact person and contact address. Thanks man.
I guess this is a begining of becoming what you desire in life but it all centers round your motive either to be a millionaire using this methods or just growing your wealth as a civil servant. if you must know no man on the suface of this earth can be a rich man based on his/her salary regardless of the Disposeable Income at its position hence the risky events and acts makes them who they are today.
Bless in a country where investment is just on the touch road one would say why not a broker…but tell me really can u get a good yeild as this froma broker ar those who are trying to meets their daily needs make brokeages payment not to speak on investing in shares. the facts remains that all that matters is the low and mighty are all living within the same vinciity just that you see them differently.
I will like to advise that take every chance you can and make the fat goodies you can get and leave the candy for the new-comers . as regards treasure-link I had a scheme with them earlier february but it took them longer than stated to get the returns which was just few days ago…imagine what that would have done if in the oda investment programms that promises 8weeks returns. I feel treasure link is cool but they are time consuming not just slot or months but really sluggish in payment and won’t advice anyone to step into it as the days are not counting to them.
for those who have address of the other schemes kindly mail it to me and break the plans on it soperations…imagine what the wave is now reviewing of investment plans why you may ask? this is to reduce the yeild paid and get in more investors like me and you.
for the rates used, i have not gotten any institution that can produce that valueable returns without you paying a huge cost of capital and snapshot by monitoring agencies…sometimes last 3weeks was informed EFCC closed teh accounts of all these scheme operators and after a while releases it. in the papers of Tell last month some directors and operators of such scheme were arressted in Ibadan by EFCC and still in detention…it was tagged Exploitation…Hi folks i just sent a mail to Sefteg and got a response while written this to you and imagine that they are just online but can this not be the next “FORUM BANK style”
I am still expecting you guys to hint me more on 8weeks returns and amount breakdoen for invetsment…sorry would like to ask, why don’t we know this people but instead they come through agents? food for tought.
Hi Dara,
Call This Number for cashseed investment 08057778431
Next week is their week 11, I cant wait till next week to view my intrest in my account.
Oludare Atinshola (manchester base)
Hi deolu,
i must confess to you Deolu, this investment of a thing is geting crazy and one is getting tempted to go for it as much as am trying to discipline my self not to do friends and coleague are collecting return what do i do? should i go for it and pretend i as if never had the capital in my life or what please respond.
Thanks Olu. I so much appreciate. I’ll call them.
blacsmith pls what im i suppose to do to register with sefteg.
Dear All,
Kindly inform the house when you are paid your returns by this HYIPs like Cashseed,Pennywise, Golden Power etc
Thank you
@Ronke,
I feel you, as in i feel you real good !!!
But you know what? the answer to your question lies with you, what do you want? What can you risk?
I made up my mind that i was not going to do any more of all these HYIP’s again, i want to just focus my attension on just a few like these clubfreedom stuff and Forex.
See, i have like 3 slots in it and they are moving very fine and soon i will be earning $6,000 over and over again some will just be within few weeks. We are talkin about 700k plus over and over again!
and like i told my friends i said if i now put my money in any HYIP again it will be like Ronaldihno asking for Ronaldo’s autograph coz these is part of what these guys do and pay us peanuts.
Think about it and make up your mind.
See you at the TOP!
Josh
08034389504
hi guys can someone tell me more about these investment houses.Thanx
Hi, i am one of those that just reads and doesn’t contribute but i feel this information will come in handy. i saw something on channels news that say EFCC has blacklisted 20 fund managers in ibadan. Pls can anyone verify or dismiss this information.
Hello all, I spoke to the editor of channel news and he told me he does not know of any such news. What or who do we belive, he practically hunged the pphone on me. Why? I really dont know. However, I know right now the tension is building agai, A beg make every body realx o! No need for BPs rsiing, it will only get you in hospital and not efcc or cbn.
Cheers
Adeolu Akinyemi, you de o! So te your name de for Business Day. I call u tire.
No shaking!
I called the Channels office and I belive I was directed to speak to the editor, I asked him if they aired any thing like that and he said no and practically hunged up on me.
We dont know who or what to belive right now. But one advise pls dont give it a thought. We dont want Bps rising again, it wont do anyone anygood since there is really nothing we can do about it.
Bros Adeolu, your name just they fly around BusinessDay anyhow! I call you tire!
No shaking everyone. Be calm, cool and collected. Advise goes to me sef.
Someone said so too in my office but we dismissed it bcos it is not well pronounced as the last time their accounts was frozen.
Hi,
Till today i have been against the Sefteg thing but now, i am beginning to buy the idea. Pls what is Sefteg real address and do you have to have a current account to get monthly payments from them cos i know that with nospecto, youhave tohave a current account? If you have invested in them, pls give me full info as per where to go and all the requirements needed. Thanks a bunch
@ all, I think all this CBN and EFCC saga is becoming too uch o!
I
The moment I hear CBN or EFCC my heart skips a bit, whether you follow the rule or not, you still do not want to lose any money. Here I am with and majority of the people I know we are yet to collect WS week 17, Nospetco is messing me up, I do not know what will become of others with time, May 29 is around the corner, whether sick or not, I dont know what Alh Yadua is up to. Will Mr Goodluck actually bring us Goodluck? Or will the duo decide to ……..It’s better imagined than said.
For me, I have decided to face Clubfreedom squarely, no efcc, no cbn no sec registrations, just you and your computer. It is pertinent now especially with my great grandfather Deolu having collected $6K twice, and about to out run me again, Dipo , My granfather has collected once and on the journey to the second, my father is on his way to collecting and me the begotten son on STANDBY, i am standing by and working hard to to collect mine, with this I have piece of mind. Another good thing, I collect once and a chance to collect over and over, what more? I can plan my progress and go to bed, not keep one eye opened because CBN might decide to cough tomorrow and Efcc sneeze and there I go looking for cough syrup, to help them pacify their discomfort, abegeeeeeee!
If you are game on this, (CF) please join my team at http://www.clubfreedom.biz/rt17970 you are sure to be a winner, there are no promises without hard work o, so dont think its gonna be easy but with a little effort from every one we can recycle over and over. You are free to join and pay for yourself, however if you have challlenges with payment, pls contact me at forme4you@gmail.com and I will help you sort that out. I bet you there is no better team than this. Join today and actually sleep with your 2 eyes SHUT!
Of course there are existing positions on the boards for sale. Contact me again if u are interested.
CIao!
hi deolu,
i really appriate your writeups in this forum,there ‘s another called megawealthteam,its just puting N2500 as a member and the money starts accriung from day 2 of the investment.pls deolu do u know anything about this megawealthteam?
kayode
@kayode,
Megawealthteam speaks for itself.
It is much organise and less stressful. A bit of IT (Computer Skills) will be required for smooth operation.
Highly recomemded
Visit their website http://www.megawealthteam.net or contact me.
this investment thing is getting out of hand , it is also tempting ,anyway it is worth the try.i am presently doing one that gives me 7% every month .how can i be join sefteg . pls send me ur form.
well i have been able to invest in wealth solution. please is there anybody on this site who can bodly say he recieved his return from wealth solution thhis week, atleast some people should be paid -off this week. and what wek are they now?
please supply this information in other to boost my expectation.
Pls. were is sefteg office located in lagos
would lik to hav sefteg,cashseed,penneywise bank account for payment and contact addrex.nice job & keep it up.
I PRAY THAT GOD WILL GUIDE YOU ALL IN DOING THE RIGHT THING, IN MAKING THE RIGHT CHOICE, BECAUSE THE REAL COMMODITY THAT IS ON OFFER IS YOUR SOUL. GIVE YOUR SOUL TO THE RIGHT SOURCE.
WHAT’S HYIP
A High Yield Investment Program, or HYIP, is a type of pyramid scheme normally offered via the Internet. HYIPs typically accept deposits as low as $1 while promising astoundingly high returns.
Online HYIP schemes rarely last for the long term. Overwhelming number of cases suggest that HYIPs are Ponzi schemes, in which new investors provide the cash to pay a profit to existing investors, which they typically then withdraw.[citation needed] This approach allows the scam to continue as long as new investors are found and/or old investors leave their money in the scheme, known as compounding (because even higher profits are promised).
The introduction of e-currencies has made it possible for HYIPs to operate on the internet and cross international boundaries, and to accept large numbers of small investments. HYIPs usually accept deposits by either e-currency, like e-gold, e-bullion and INTGold, or use specialist third party payment processors like AlertPay, SolidTrustPay, CEPTrust, TriStarMoneyChangers and StormPay. HYIPs typically offer a significant incentive commission (for example, 9% of invested funds) for members to attract and refer new investors.
Most HYIPs disclose little or no detail about the underlying management, location, or other aspects of how money is to be invested, and relatively little information (other than asserting that they do various types of trading on various stock and other exchanges) on how they actually generate the returns they purport. They are sometimes presented with some form of an emotional appeal, appeals for faith, and promises that they will help investors achieve financial freedom.
Arguably, the largest HYIP scam that has existed on the internet was PIPS (People in Profit System or Pure Investors)[1][2]. The investment scheme was started by Bryan Marsden in early 2004, (according to the Wayback Machine record of http://pureinvestor.com) and spanned more than 20 countries. PIPS was investigated by Bank Negara Malaysia in 2005 which resulted in Marsden and his wife being charged in a Malaysian court with 97 counts of money laundering involving more than RM77 million – US$20 million – (copy of New Straits Times article dated 11 Oct 2006). Even after these charges were brought forth many of Marsden’s followers/investors continued to support him and believe they would see their money some day. This behavior and denial could be seen and still is seen on hyip forums such as Talkgold Forum and others.
WHAT’S A PONZI SCHEME
Overview
A Ponzi scheme usually offers abnormally high short-term returns in order to entice new investors. The high returns that a Ponzi scheme advertises (and pays) require an ever-increasing flow of money from investors in order to keep the scheme going.
The system is doomed to collapse because there are little or no underlying earnings from the money received by the promoter. However, the scheme is often interrupted by legal authorities before it collapses, because a Ponzi scheme is suspected and/or because the promoter is selling unregistered securities. (As more and more investors become involved, the likelihood of the scheme coming to the attention of authorities will continue to increase.)
The scheme is named after Charles Ponzi, who became notorious for using the technique after emigrating from Italy to the United States in 1903. Ponzi was not the first to invent such a scheme, but his operation took in such a large amount of money that it was the first to become known throughout the United States. Today’s schemes are often considerably more sophisticated than Ponzi’s, although the underlying formula is quite similar and the principle behind every Ponzi scheme is to exploit lapses in judgment arising out of greed.
Notable Ponzi schemes
[edit] Highest dollar schemes
The eponymous scheme was orchestrated by Charles Ponzi, who went from anonymity to being a well-known Boston millionaire in six months using such a scheme in 1920. Profits were supposed to come from exchanging international postal reply coupons. He promised 50% interest (return) on investments in 45 days or “double your money” in 90 days. About 40,000 people invested about $15 million all together (roughly $150 million in 2006 dollars); in the end, only a third of that money was returned to them.
Besides the Ponzi scheme other similar historic schemes include:
Before Ponzi, in 1899 William “520 Percent” Miller opened for business as the “Franklin Syndicate” in Brooklyn, New York. Miller promised 10% a week interest and exploited some of the main themes of Ponzi schemes such as customers reinvesting the interest they made. He defrauded buyers of $1 million and was sentenced to jail for 10 years. When he was pardoned he opened a grocery store on Long Island. During the Ponzi investigation, Miller was interviewed by the Boston Post to compare his scheme to Ponzi’s — the interviewer found them remarkably similar, but Ponzi’s became more famous for taking in seven times as much money.[1]
Between 1970 and 1984 in Portugal, a woman known as Dona Branca maintained a scheme that paid 10% monthly interest. In 1988 she was sentenced to 10 years in prison. She always claimed that she was only trying to help the poor, but in her trial it was proven that she had received the equivalent of 85 million Euro.[2][3]
MMM was a Russian company that existed in the 1990s. It involved at least two million people and collected as much as $1.5 billion. The founder was sentenced to 4.5 years in prison in 2007.
In autumn of 1994, the European Kings Club collapsed, causing a damage of about $1.1 billion. This scam was led by Damara Bertges and Hans Günther Spachtholz. In the Swiss cantons Uri and Glarus about every tenth adult invested into the EKC. The scam involved buying “letters” valued at 1,400 francs that entitled buyers to receive 12 monthly payments of 200 francs. The organisation was based in Gelnhausen, Germany.[4]
In May 1995, Pennsylvania’s attorney general moved to freeze the assets of the Foundation for New Era Philanthropy and its chairman, John G. Bennett, Jr. The organization had raised over $500 million from 1,100 donors. Participants, including the Red Cross, had believed they were participating in a matching-gifts program through New Era but, in fact it was simply a Ponzi scheme. Losses amounted to $135 million.
In early 1996, the SEC filed a civil action against Bennett Funding Group, its chief financial officer, Patrick R. Bennett, and other companies Bennett controlled, in connection with a massive Ponzi scheme. The companies fraudulently raised hundreds of millions of dollars, purportedly to purchase assignments of equipment leases and promissory notes.[1]
In 1997 the government of Albania officially endorsed a series of pyramid investment funds. When the inevitable end came, the people of Albania, who had lost $1.2 billion, took their protest to the streets in a revolt that toppled the government.
In 2000, a Ponzi scheme perpetrated by Scientology minister Reed Slatkin came unraveled when the U.S. Securities and Exchange Commission regulators became aware that Slatkin was not a licensed investment adviser. Slatkin had raised some $600 million from over 500 wealthy investors, mostly Hollywood celebrities.
In December 2005, in Los Angeles, California, Larry Toshio Osaki, who ran a gigantic Ponzi scheme and continued to offer bogus investments in accounts receivable “factoring” after being ordered to stop by a federal judge, was sentenced to 20 years in federal prison. In addition to the prison term, Judge Stephen V. Wilson ordered Osaki to pay more than $145 million in restitution to victims.
In May 2006, James Paul Lewis, Jr. was sentenced to 30 years in federal prison for running a $311 million Ponzi scheme over a 20-year time period. He operated under the name Financial Advisory Consultants from Lake Forest, California
In October 2006, in Malaysia, two prominent members of society and several others were held for running an alleged scam, known as SwissCash or Swiss Mutual Fund (1948). SwissCash offered a returns of up to 300% within a 15-month investment period. Currently, this HYIP investment is offered to citizens of Malaysia, Singapore, and Indonesia. It claimed investors’ funds were channeled to business activities ranging from oil exploration to shipping and agriculture in the Caribbean. The company claims to be operating out of a New York and incorporated in Commonwealth of Dominica.
HYIP games
As a result of online forums and monitoring sites which have made HYIP investors more aware of their nature, a different sort of “honest” HYIP began springing up in the early months of 2006. Basically, the HYIP owner calls his or her program a “ponzi-structured game” where one should “not invest money one cannot afford to lose”, and where there is “never a guarantee of earnings or refunds”. They promise to pay out up to (for example) 95% of deposits, the rest going to hosting or other fees and the owner’s profit.
In such “games”, the first participants (“investors”) may make a good profit and are encouraged to refer other people to the program because of referral commission, the fact that they have already made back their principal and are playing with profit, and that the more people who deposit money, the more money can be paid out to participants. In theory, strategies can be developed to maximize profit using these games (but, of course, since this is a zero-sum game, such strategies work by taking advantage of ignorance or errors by others). Some forum users may gain a reputation whereby others will trust their word that they have been able to withdraw their profits, encouraging others to invest in the hopes that more will invest after them and that they can therefore make a profit. As these games are by definition Ponzi schemes, it is inevitable that the vast majority of investors who are not at the top of the pyramid will lose their money.
These “games” might be considered as lotteries. However, the odds of winning cannot be determined, as one cannot know whether one is playing early enough to win money (that is, whether a sufficient number of new participants will follow). Thus, these activities are unlike a lottery or other forms of gambling, where a player has an equal chance of winning no matter when a ticket is bought, or where the odds of the game are known.
Many claim that 2006 has been a disastrous year for HYIPs. The HYIP industry is going through hard times. There is no way to predict how popular it will be tomorrow. Most programs are scams and if they are not scams, they are a disaster in terms of profits. People don’t invest as much as they used to be and most of them are very cautious. A new breed of HYIP games is likely to appear but only time will tell how successful it will be.
HYIP monitors
HYIP monitors, or HYIP listing/rating sites, are websites that list and/or promote HYIPs for referral commissions. The monitor charges each HYIP a listing fee which is usually then invested into that program, although there exist free listings and occasionally monitors which invest their own money. The monitor then labels the HYIP as “Paying” or “Not paying/Scam” depending on whether interest is received within the terms specified by the program. Monitors also allow other HYIP investors to rate and comment on the programs, based on factors such as promptness of payouts and responsiveness of the HYIP administrator. Programs with higher ratings achieve higher rankings on the monitor sites, which coupled with a “Paying” status may entice more investors who rely on the monitor.
In most cases, HYIPs only pay monitor sites to keep their “Paying” status visible, but do not pay other investors. As HYIP monitors are not affiliated with the HYIPs themselves, they are unable to prevent investors from being scammed; they neither help to recover lost funds nor track down the scammers. Promoting or perpetuating Ponzi schemes is a criminal offense punishable by jail terms or fines in most countries. That the monitor sites place disclaimers saying that they “do not promote the programs advertised on their website” does not absolve them from criminal liability.
In order to generate a “paying” status early (so that future visitors will see it) and maintain it for the longest possible time, newly opened HYIPs list their site quickly as well as constantly pay monitors their interest on time. Added to the fact that many monitors invest the listing “fee”, and that a commission is received on each deposit made by people who visit the HYIP via the monitor, they are the most likely to profit when a program runs out of funds.
HYIP owners can manipulate monitors and forums, by paying people to comment positively or by using a range of IP addresses or proxy servers in different locations so that “paying” votes appear to come from around the world. This allows the HYIP to rise up the rankings more quickly than others, giving investors a false sense of security. Additionally, even if they know it will scam in the future, some investors will also rate new HYIPs positively until the HYIP stops paying, because they want more people to invest after them in the hopes that the program will last longer. Future scammers can also build up a good reputation on forums for a large payoff once most forum members trust them.
CASHSEED SCAM ALART !
Cashsed promise to pay 258,000.00 on a slot after two month , the greatest Shock today is that their staff told m,e on phone conversation that the money has been reduce to 17,00.00 on one slot after two months.that they will be paying me 17,00.00 (seventeen thousand naira ONLY) …This is a Big Scam after i invested hoping to receive more money
See us see trouble oooooooooooooo
This guy, do you personally have a business you are doing that will even give you 17000 naira from 2500 naira after 2 months? So you think Cash Seed people have magic powers abi? Better start using your money for meaningful business and stop hoping for senseless payouts for nothing. And you know what, they’re all still going to reduce it much further till they can no longer do so and then they will cut their losses and RUNNNNNNNNNNNNN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
GENERAL HYIP ADVICE
Before investing in High Yield Investment Programs there are several aspects to take into consideration. Here’s a list of the most important ones:
› Always get some knowledge about the High Yield Investment industry before making a decision to invest your money in High Yield Investment Programs. A good advice is to read every page of this website before doing anything else. As mentioned before, when done right, High Yield Investments are extremely profitable, but without knowing the industry and which programs to invest in you’ll most likely lose your money. Knowledge is one of the major keys to success in the HYIP arena.
› Think about what your reasons for investing are. Are you looking at it as a solution to your financial problems you shouldn’t even think about it. As mentioned several times on this website, High Yield Investments are risky, and if you’re unlucky enough you could eventually end up without any money at all.
› Always think over your financial situation before taking the step to invest in HYIPs. Never invest more than you could afford to lose.· Are you a gambler or more careful? Even if High Yield Investing is much like gambling there are options that seem to be safer than other. Decide how big risks you are willing to take.
› If you’ve made the decision to start investing, find a few programs that you believe in, and invest in all of them. Diversifying your investment on several programs will reduce the risks and you won’t lose everything if one program goes out of business.
› Before investing in a specific program, do some research on it. Does the website look professional? Do they provide any contact information? Where are they based? Check this out before making a final decision.
› Always check what the rules are regarding withdrawals before investing in program. Some programs let you withdraw your money whenever you want. Others keep your money locked for months.
› Do some calculation using our high yield investment calculator to find out how long it will take before you’ll get your investment back.
Sometimes High Yield Investment can tend to be very much like gambling. And yes, it is very much about luck and about finding the right programs. However, if you follow the advice given above you’ll dramatically increase the chances of winning the game.
Dre, if you have received the 17k for 2500 invested, thank God.Dear all kindly join my 6k4you team with only 24k and you will reap a return of 700k minimum within a period of 2months. It is stress free and you can go to sleep knowing you money is secure. I market for my downlines and you can join our team from any of this links below:
http://6k4you.com/6k2.cgi/agbaje1
http://6k4you.com/6k2.cgi/olusola1
http://6k4you.com/6k2.cgi/odunola
I would be glad to be of help, so let us go
Hi all,
Have you heard the latest jist about our HYIPs?…. The Combination of Soludo and EFcc has mandated them all to have a cash base of N500 Million in CBN account (result of last week meeting that i promised) Plus all other registration Formats.
The goods news to us and HYIP establishment is that…they have been granted permission to operate as long has they are paying their mandatory capital base in instalment over the next 18 months. Deadline before any action against them will be December 2008.
The Other news is …some of them still refuse to register properly, rather they operate as a Company to the public, while really what they are doing is simply an agent to bigger HYIP Company.But if caught they simply rise up and show the authority their agency code and contract (Not breaking the law).
Overall, this Hyips will survive longer than we all anticipated.
I am here to help anyone who need further advise confidentially on specific company. For security reasons, i will not disclose publicly details all my investigations. But the summary is …majority (over 80%) are registered properly, Paying their CBN capiatl base currently on instalment , while the others are approved agent(legal) but masqurading as an individual set up(illegal).
see you at the Top!!
@Robert,
Please send me detailed information on SEFTEG and Wealth Solution. iexlolo@gmail.com
well,well, my people, i think we need to be careful here, cos money has its own spirit when the love for it becomes excessive. also think that if u have something you can part with ts worth trying afterall its not stealing. however i am afraid of the ones that offer so much for so little, like the one that gives 258k for 2.5k. its scaryyyyyyyy!!!!!!!!!
uzo
please, who is aware of the companies that have paid their CBN capital base or even part of it, so that we will know the one’s to log on to. Also important are the legal agents in lagos, so that one will not fall victim to the likes of UMANA.
please i need to invest mine this week. somebody should help me please.
@Uzzy,
The truth is none of the HYIPs has paid the total fundof N500M, The CBN allows instalment payment over 18 months deadline. Most of them are currently paying. As per the legal agent . Do not pay cash to any agent. Pay into the HYIPs Bank Acount and present your teller to the agnet for necessary forms filling.
Contact me if you need further assistance.
@Lolo,
Best tip for the day, Join WS TODAY(week 17), they will be in week 18 in less than 48 hours. my email is robertadegoke@yahoo.com.
Sefteg can be done anytime, they are currently cruising.
To all,
Breaking news……..Pennywise new single slot is now N5,000 per slot. to generate a pay off of N251,000 in 11 operational weeks paid out in instalment. i have personally seen two lucky final paid off with large sum.
Week 15 start very soon.
A new fund manager opens in Abeokuta soon. 25% pay off MONTHLY .Minimum investment is N10,000 and Maximum is N1,000,000. Minimum contract on period of investment is 12 months. I will keep you posted. Legal registration in progress.
See you at the top.
News in Brief……
Cash Seed reduced their payment….(One slot/N2500 payoff N17,000 in 6 weeks)…used to be N258,000 in 10 weeks…. Excuses/alibi is SEC not happy with big payoff, youth will no longer work.
My Observation….Raising fund for CBN
Pennywise ..paying off week 14 (forever) to start week 15 on Monday 11th june. No longer use Intercontinental. Fat Cheque given back to Pennywise on monday .
N2,500 is longer a slot, it is now N5,000 / slot
OPen Gate is a real deal…superb set Up, Delivering promises as long as investors dont invest too large sum. professional team#
WealthSpinner relauch(fantastic OptionZ).. Join while early…will compete with wealth solution for long. Great MD.
Successpoint….Just realised their admin errors last week,…..all house in order now…fully computerised admin set up….Jury is still out in few weeks to tell
Wealth solution and Treasureline….Nothing stopping this guys as long as there are investors…payment will always be delayed due to adminstartion slugishness.
WealthZone, Hazonwao,Zenon,Portland cement, Nospetco GFS, Mutual Fund, Flagship, Uphenry, Risk managers, Greenmind, Sefteg……….Long live investment club world wide.
Megawealth, 6k4you, clubfreedom, silvertrust, saphire-First inland, Yourinvestmenexpert.com,……Thanks to world-wide-web.com, investment made easy.
Did i mention,…..Golden Chance,..Spring of wealth, divine success, golden naira????……No reference as at press report.:)
Latest Fund manager in Town….Starting tomorrow…”Pot of Wealth”……..Not sure how long “Cool wealth” has been existing!!
Newspaper comments in the last few days can be described as “Bad blood” to say the least. This guys are practising MLM at its Best, Forex/Oil/Gas/Quarry/Stock trading, bla..bla…My As…..!!!!
I hope i have been of great help!!!!
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.
Kindly send information about the capital base of 500 million naira on HYIP to my e-mail. I learnt you can give more information privately. Also share more light on First bank & Nospetco
@ T. O and all,
Yes, it is true first bank and Nospetco is having issues currently. this will cause delay in client payment (due to volume of clients with first Bank).
But my advice, No panic, Banks are gining all these HYIP problem due to the volume of trading and workload with only COT gain for them!!.
It will be resolved,
Currently yesterday , OPen gate closed account with SKYE and GTB. only trading with First Bank and Spring bank Currently from Today. Consequently payment for registered client with GTB and SYKe will be delayed.
No Panic…Just supply a new account.
please oh.i want to invest the little money i have on pennywise.i hope it is real and i can’t wait to start counting millions at the end of the day.please advise me.
pls i need more info on open gate, spring of wealth and divine. i need contact addresses and bank account numbers to pay into
I have come in contact with two investors (close friends in Ibadan) that received their payoff from WS recently.
Please I need more informations on Forex Trading and this Clubfreedom.
i was at sefteg office this afternoon and they have reduced their payout to 20% per month and they stopped collecting money from people.
@ wummy
Below are the details I have for Open Gate and Divine Success.
According to Robert (our Online Adviser), GTB and SKYE Bank have both closed the accounts of OPEN GATE.
If this is the case, you also have the option of paying into their 1st Bank Account, also included below.
OPEN GATE
=========
FBN:
Acct No: 1812030007467
Acct Name: JEG PROPERTIES LTD
GTB:
Acct No: 404445369110
Acct Name: JEG PROPERTIES LTD
DIVINE SUCCESS
==============
FBN:
Acct No: 4352050000718
Acct Name: DSMC
GTB:
Acct No: 403441054110
Acct Name: DSMC
Thanks so much for your advise but i will like to ask you about megawealthteam.i registered as an agent with them and i have been adding people means registering people under me.telling them that is real .please what can you said about megawealthteam.
Anthony
To All ,
Yes the braeking news from Seun is absolutely real.
The news just being released.
Treasuline will pay all week 25(pay off) on wednesday 13.06.07, but a new format of payment start with this group.
You shall receive your payment, but only 60%of total pay off expected).
The balance of 40% will be automatically re-invested for you for for week 26 (and pay off week 30).
But again, you shall receive 60% of advertised payoff figure. with another set of 40% invested on your behalf for week 31 (pay off week 35)…..and it continues.
Brothers and sisters, let us look at the positive side.
1) They are able to pay off with bonus (be it less than expected)
2) you are AUTOMATICALLY expecting another set of pay off after FOUR operational weeks.
3) And another payment after FOUR operational weeks for ever (Until the rules change again!)
4) Their operational week will NOW be faster due to less liability (spread over and over ).
But if you prefer, you can also argue they change their mutual agreement made at week 21 till date. But this guys need to survive. Can only pay fund that is in the Bank account (hopefully invested!!)
See you at the top
it is interesting to know how much profit one can make with the rigth information. i would like to know the full details of divine success, i would also like to know how safe or rather “risky” divine success and sefteg are…
and info on any fairly new venture that pays well cos i think the starters are the winners.
cheers
Guys,
Please does anybody know the current situation of the the HYIPs with the banks. I understand from the forum that the HYIPs are having some difficulties with the banks. Please anybody with recent information should please share it.
Toyin
toyin no wahala.
pls when will week 15 of pennywise starts?
All HYIPS INVEST IN INTERNET NETWORK BIZ. TO AVOID DISCONTINUTY IN THEIR BIZ, THEY WOULD HAVE TO RE-INVEST A PERCENTAGE OF EVERY PAY- OFF IN OTHER TO CYCLE OUT THOSE APPROACHING TOP THE PYRAMID, OR ELSE THEY DIE OFF. I CAN MAKE YOU A FINANCIAL EXPERT IF YOU CARE. ALTHOUGH I,M NOT BAED IN NIGERIA but i’m interested in changing people’s lot with ideas.
please does anybody know about wealthgate? i heard that they are in ilorin, and that they are currently doing well to their subscribers. i really want to be sure about them before i invest mine. also pertinent is their state with the CBN/BANKS?
Robert,
Could you please post the details on Cool of wealth.
I mean the acct number,bankname and agent’s name.
I need to key i sharp sharp.
Fellow Nigerians,
I posted my comments on this site about treasureline last week but to my chagrin, it was not deleted. I stay around Ajao Estate, so i frequent Treasureline office at airport road.
To start with, the 60% retension of the pay off is generating a lot of heat at that office. Some guys took away the generating set and computers at trasureline office in Lagos. I was asking the guy there, he told me that their management are causing this problems but they are the people suffering it.
Furthermore, he told me that some armed robbers accosted him to tell them how real there biz is and he staked his life on it that is 100% safe. They invested huge sum on the premise that if there investment churns out the expected pay off, the ll relinquish there former “trade” of stealing. The guys there are confused, devastated on how to face there armed robber friends. Is alarming. I pray nobody harms them.
Lastly, am a prospective and sceptical investor on the Hyip scheme. Many don chop shaa, but is still a shoddy deal.
pls, i am new on this site i need information on Wealth Solution . I want to know when they entered week 18th and when will they enter week 19th?. Pls, i need this information asap.
Well it is most unfortunate that Treasureline with their lack managerial skills have tied down the funds of their investors and breaching the contract at any opportunity they get.
Look my people this people are going down and cannot afford to colapse alone. that is why they are saying they want to reinvest our funds for us against our wishe this is totally not accepted and people should not just fold their hands and have these guys to play with our intelligence.
It is bad enough that i made payment of 307K to get a 1.27 Mill but was later informed that it had being change without Treasurelink contacting to let me know,what a “Investment company” very disorganised
I think EFCC should look to their activities they are really messed up and lack the disciple. They are claiming to reinvest your own money for because they know that no body in hi/her right mind will reinvest any dime with them again, in order to be in business they are now forcing people to invest with them. My question is are we really left with no choice. Holla people
please i am new into this sefteg stuff, but want to invest into it. kindly send me thier info and your advise on them
HELO MY NAME IS TJ BABS OWOLABI FRON SHOMOLU LAGOS
PLEASE I AM IN SEARCH FOR A REAL PAYING HYIP THAT WILL PAY ME SO THAT I CAN CATHER SOME MONEY FOR MY FOREX TRADING SCHOOL SINCE I DONT HAVE BIG MONEY TO START WITH THEN I WILL BE ABLE TO INVEST LIKE $20 TO START AND PL;EASE LIKE HOW MANY PERCENTAGE WILL BE PROGRAM PAY?
THANKS IN ANTICIPATION
TJ BABS
07034488331
To all of you who was at the seminar today, how ready and quick are you to make a move as per club freedom? We need to help each other move up the ladder cos best believe, its just an MLM as the rest is.
Hi all,
I need someone to feed me with information about Treasureline. I mean the week they are in as I belong to week 26 and do not know when they are going start paying people in week 26 (Not in the country at the moment)
Will appreciate it if I can get a clue about this.
Thanks.
Good day,l am alexandar charity,
p/s l want to know about megawealth or megawealthteam, there web is http://www.megawealthteam.net
thank you.
pls what is happening to sefteg.i was due for payment on the 4th of this month.till now no payment.
In my search for more information about sefteg i got myself to dis site. i read through d post, it was quiete fantastic. To Deo i say you a Guru and articulate writer. Thanks.
Question: Is it possible to register with sefteg without being there in person. Am base in Yola and would like to queue in too!
what i guess is that LIFE generally is all about RISK but the most important i staking a reasonable risk
can someone give me pennywise account name, bank names and account numbers
hello,please can you please confirm the email of the following company for me.
1)treasure line
2) sefteg.
i hope you can be of help .
thank you
from
mr ayodeji danjumah amao
Hi Yemi,
Thanks for the blog. You did a great job and I’m really appricate it. You have sucessfully created a forum for Nigerian to communicate.
Concerning all the HYIPs..I will strongly advice don’t invest money you can not part with alternatively never go and borrow money to invest in HYIP.
Life is all about risk. I don’t know how these people makes their money but we just have to be careful.
Even Banks in Nigerian today nobody really knows how the makes their money too, because in my state we have banks every where even when there are little private investments.
I have been paid twice but i know this things are not here to stay. They Don’t create wealth but only increase your cash flow. Wealth takes discipline and consistancy.
Nigerians make una shine una Eyes…..
CBN disowns ‘wonder banks’
By Yemi Kolapo
Published: Wednesday, 27 Jun 2007
The Central Bank of Nigeria has dissociated itself from the activities of fund management firms, called ‘wonder banks’, saying anyone who gives his money to them, does so at his own risk.
Skip to next paragraph
File
CBN Governor, Charles Soludo
The Director, Banking Supervision, CBN, Mr. Ignatius Imala, said even though investigations into activities of some of them showed that their core activities did not contravene the law, they were not authorised to collect deposits from the public.
The firms offer high returns for deposits or investments by clients.
Imala, who spoke at the Bankers Committee Meeting in Lagos on Tuesday, said the CBN would issue a public notice soon to warn members of the public regarding the emergence of wonder banks.
According to him, “Nobody has been informed by the CBN that fund managers are to raise capital from anywhere. I am not aware that the CBN has given that type of authorisation that fund managers exist. Fund managers are not under the supervisory jurisdiction of CBN. But any moment form now; there will be a public advertorial to warn members of the public regarding their emergence.
“Apart from the deposit money banks that are supposed to take money from the public, anyone who gives his money to such fund managers, does so at his own risk.”
The CBN said it would also caution banks to be wary in their dealing with customers who mobilise funds from the public through bank accounts.
Depositors of such institutions in the 1990s had their funds trapped.
Some of these wonder banks include Nospetco, Wealth Solution and Sefteg in Lagos, and Pennywise in Ibadan.
y is sefteg not payin up pls,,,,,,
Adeola,
I read your post of June 17th and I think I have some info about Treasure Line’s date….
They’re in week 26 already and I was there some time last week to confirm cos I’ll be due for week 27 and I think for you to claim your payment, you’ll have to be there in person cos there’s a form you have to fill when you tender your receipt so I’ll advise, since you’re outta da country you can just get across to your people to help you claim the money and if you can’t trust them with it or you feel they can’t get to where you kept your receipt, I’ll advise that you get yourself back into the country and claim your money asap…
This one na money matter and it’s better you come down and queue for your cash asap.
Take care I hope you’re having fun wherever you are.
Yemmie
Please, can any body tell me when will wealth solution will be in week 19. Any information about this will be highly welcome.
hi all, as anybody been paid nospee for the month of may?
Pls what is happening to site not open?pls i want to enter my acct. Number
i read a lot of how everyone is so scared of their investments and EFCC, CBN etc…now let me give u a secret..use swiss cash..i have been making thousands of dollars with them for over 5 months now..safe, secure and trustworthy. with multiple opportunities and interests. You can register if u want but u need a referal ID..if u want to use my upline you can use ngene4846001 as your ref ID..there are lots of benefits and a weekly life conference you will benefit from.
Cheers and best of luck as you earn a minimum of 25% monthly on your investments..no tax..no vat..no frills..no chills..no efcc and no cbn..and u know best of all…you do not lose your capital investment..like sefteg and primehill.
guys,if u have investment with sefteg,pls speak up and let us know if they are still paying.i am yet to recieve my payment that was due last week.
let us hope there is no problem.
please can anyone kindly send me the current break down of slots of the following wealth programmes….WEALTH SOLUTION,POSITIVE MOVEMENT INTERNATIONAL,PENNIWISE,DIVINE SUCCESS,EASY SUCCESS,AND ANY OTHER EFCC FREE PROGRAMMES….Kindly send me a mail to XALLYXBAY@OUTGUN.COM or INDOMIES@OUTGUN.COM……….or call me on 08080507156 or 017613542….My name is Adewunmi
I gavesoemone money to invest in wealth solution on the 8th of march and up till now he claims they havent paid him anything yet..that they where in week 15 that march and now they are in week 19…but i think its over 3 months now not just 4 weeks…please if you have any useful information that can assist me…will be appreciated
Has anyone received payment for week 26 from Treasureline. If so, in what %. So many stories are going on that they are not paying. Anyone in the house with good or bad news, please share.
Guys,
I just want to give you an update about SEFTEG’s new payment plan. you know sometime ago they had to close up for a while in order to set things up properly which isas a result of re-organising themselves, well they actually came up with the new payment plan when they re-opened and the new payment plan is below:
INVESTMENTS REGISTERED FROM 1st – 15th OF EVERY MONTH WILL BE PAID ON THE 15TH WHILE INVESTMENTS REGISTERED BY 15th – 30TH WILL BE PAID ON THE 30TH OF THAT MONTH SO THEY ARE ONLY PAYING INTERESTS TWICE A MONTH NOW SO I DON’T THINK THERE’S NOTHING TO BE AFRAID OF AS IM ALSO STILL WAITING FOR MY OWN PAY.
AND ANOTHER THING IS THAT THE STRIKE MUST HAVE CONTRIBUTED TO THE DELAY BUT THEN GIVE THEM SOME EARLY MORNING VISITS….
Please Please Please.Can someone out there in naija confirm the true situation with the following Hyips.Wealth solution,Goldpower,Devine success and Sefteg.I sent money last week finally to invest.only to hear today that the accounts were frozen over the weekend.Is this true?Also Please confirm the latest on Treasure link Cos i Had invested 2 months ago.I also heard that there is no one at there lagos office.Is dis true.Please clarify for us all outta the country.God bless you all.
Hello McKenzie,
thanks for dropping something useful I have visited their site and it seems to be happening there but I really need you to help me out since you’ve been through it here’s my email kenpetcars@yahoo.com my phone number is 08080296000 you can just email me or send me a txt msg on my phone cos I need to call you and ask you some questions about this Swiss Cash of a thing.
thanks so much bro…
Someone help????? what’s happening to treasureline – wk 26. Is there anybody who has received payment and in what ratio……………
Hi All,
On SwissCash; I ask anybody interested to do some research b4 jumping in.
Belows my findings for now:
http://blog.urbanreality.net/2006/10/05/swisscash-scam-busted/
Hope it helps.
Cheers,
Jay
What week is wealthsolution in?
What week is Pennywise in?
Thanks for the quick response.
Sefteg is paying as I was paid N27000 last week Monday,I invested N100,000. Though there was a delay due to the strike,i was supposed to have been paid on June 15 but it’s still okay.
I invested N100,000 on April 10 and on May 15 i got N30,000 and on June 25 i got N27000 a reduction probably due to 10% VAT and i hope they will revert back to N30,000 due to the reversal on VAT.
pls any news on treasureline…………………….
Nife,
I think wealth solution should be in wk 19 now cos few weeks ago when I started mine they were in wk 18 so it should wk 19 now
pls can anyone tell me wats happening to silvertrust hotlines. they arent hot at all o. i just need an information on when silvertrust will pay week 18. thanks
Megawealth says they will be back on the 15th, can anuone confirm this
am asking the same question as monkee – pls any news on treasureline?
thanks
MY PEOPLE MAKE UNA ANSWER NA…………. WHAT’S HAPPENING WITH TREASURELINE………………. ARE THEY PAYING AND IF SO WHAT WEEK……………. SOMEONE PLEASE TALK TO ME……………
MY PEOPLE, IM ON MY WAY TO NOSPETCO AND IM GOING THERE TO PUT UP A FIGHT AND I HOPE IM JUST ABLE TO DO THAT. I JUST NEED MY CAPITAL COS I NEED TO DIVERSIFY MY INVESTMENT I HOPE TO GIVE YOU GUYS MORE GOOD NEWS WHEN I GET BACK MEANWHILE AS FOR THOSE WHO KNOW MORE HYIP’s THAT I CAN INVEST IN PLEASE DO LET ME KNOW COS WHEN NOSPETCO PAYS MY MONEY I WANNA RUN IT OUT IMMEDIATELY IM ALREADY CONSIDERING HAZONWAO BUT IT’S HARD TO LOCATE THEIR OFFICE AND ALSO WEALTHZONE ANY ONE WHO HAS WEALTH ZONE’Z ADDY SHOULD PLEASE HELP ME WITH IT. HERE’S MY EMAIL
kenpetcars@yahoo.com
Merci
ANOTHER THING GUYZ TRASURELINE OUGHT TO HAVE ENTERED A NEW CALENDER WEEK WHICH IS WK27 OH GOD MY OWN WEEK OF PAY….. WELL I HOPE I DON’T HAVE TO GO THROUGH WHAT I SEE MOST PEOPLE COMPLAIN ABOUT COS THEY TOLD ME OPEN AN ACCOUNT WITH OUR BANKERS WHICH IS ONE OF THEIR PRIME EXCUSE BUT FOR ME I DID AND I HOPE THEY JUST LODGE IN THAT FAT CHEQUE INTO MY ACCOUNT MAN I CAN’T WAIT TO SEE IT’S MANISFESTATION…….
GUYZ I’LL HINT YOU LATER…..
sefteg told me 2days ago on the phone that they have sent out the list to the banks who are supposed to be crediting our accounts automatically but you know this banks seem to be on the edge this days I just feel they are being egoistic about what they envy anyway I hope those of us waiting to be paid for 30th are still expecting and incase any one of you receives his or her own pay abeg make una let me know ooo…..
yemmie did u say ought to? we need a little bit of fact here and not wishes – hope i did not sound so harsh. anyway what u said cools my blood abit but am still far off – week 29. maybe i shld just check back when president Yardua goes for a second term.
GUY…… IT’S BEEN A ROUGH DAY AS I TRIED TOILING AROUND LAGOS AXIS JUST TO FIGHT FOR MY SO-CALLED MONEY.
WELL I JUST CAME BACK FROM NOSPETCO AND TREASURE LINE’S OFFICE BUT THIS PAGE WILL HINT YOU ON TREASURELINE WHILE YOU’LL GET NOSPETCO’S HINT ON IT’S ON LINK.
BACK TO BUSINESS FOR THOSE OF US WHO ACTUALLY DROPPED OUR PAYMENT INTO TREASURE LINE’S ACCOUNT THROUGH THEIR AIRPORT ROAD AGENT {that’s what they call them now oooo }, IT’S OBVIOUS I HAVE TO BREAK THE NEWS BUT THOSE GUYS ARE ON THE RUN.
I WENT THERE NOT TO CLAIM MY MONEY WHICH IS DUE FOR WK27 BUT JUST TO ACTUALLY KNOW IF THEY HAVE ENTERED WK 27 AND TO MY SURPRISE I FOUND SO MANY PEOPLE HANGING AROUND THEIR OFFICE AND WHEN I MADE AN ATTEMPT TO WALK IN, I FOUND THEIR DOOR WAS LOCKED UP AND THE WORST OF IT ALL WAS THAT THERE WAS NO NOTICE OR EITHER RELOCATION OR AND USEFUL INFO THAT WOULD HELP THEIR CUSTOMERS SO I TRIED TO MOVE CLOSER TO THE PEOPLE I FOUND OUTSIDE AND TRIED JOINING THERE DISCUSSION BUT THE FACT IS THAT THE AIR PORT ROAD OFFICE IS CLOSED AND AS I HEARD THAT THEY HAVE NOT PAID PEOPLE FOR WK 25 TALKLESS OF WK26 SO WHEN WILL WK27 NOW ACTUALLY RECEIVE THEIRS?
AS I TRIED TO LEND MY LISTENING EAR OUT AGAIN I OVERHEARD ANOTHER YOUNG MAN SAYING THAT SOME FOR WK25 HAVE BEEN PAID BUT THROUGH ANOTHER AGENT NOT AIRPORT ROAD’S OFFICE THEY CALLED THE GUY ”JIDE”
SOLUTION:
IT’S VERY HARD FOR ME TO COME TO A CONCLUSION HERE BECAUSE I HAVE BEEN TO THEIR HEAD OFFICE AT IBADAN AND I THINK THEY SHOULDN’T HAVE ANY SUCH SUCH AS PAYMENT AS THEY LOOKED ORGANIZE BUT THE FACT IS THAT THE AGENT WHICH WE USE ACTUALLY DETERMINES THE OUTCOME OF THE WHOLE PROCEDURE SO I’LL ADVISE YOU GUYS TO GO TO THEIR HEAD OFFICE AT IBADAN AND LODGE YOUR COMPLAIN THEY SHOULD BE ABLE TO HELP OUT.
ANOTHER HINT I HEARD OF IS THAT THEY NOW ACTUALLY FORCE YOU TO SIGN A SMALL FORM THEY CALL IT STATING THAT YOU RE-INVEST 40% OF YOUR EXPECTING INCOME AGAINST YOUR OWN WISH…. CAN ANYBODY ASK THEM WHY THEY HAVE BRIDGED THE CONTRACT WE ALL SIGNED WHEN WE WERE BRINGING OUR MONEY?
GUY I NEED TO TAKE A NAP FOR THOSE OF YOU WHO NEED THEIR HEAD OFFICE ADDRESS, I WILL TRY PAST IT LATER IN THE EVENING OR EMAIL ME AT kenpetcars@yahoo.com and I’LL SUPPLY IT TO YOU
LET’S NOT FEAR GUYZ GOD IS IN CONTROL…
guys,help me thank God.sefteg just paid me.they paid 27% instead of 30%.this is still okay cos i thought they were having problems.
i think they are still paying now
Lateef,
Im so happy for you, but which bank are you using cos i use UBA and they still haven’t credited my own account ooo.
lateef please give us the details of your payment. what month were you paid for and for how long have you been with them.
thanks anyway for yesterdays good news
This is real bad news Yemi. This is scrary………….
Treasureline, Airport branch don kill people o………………………..
Please let’s keep ourselves updated on treasureline cos it is heatbreaking…………………
May Go continue to strengthen us all.
Regards.
I was at TreasureLine’s head office in Ibadan yesterday and NO, they have not closed down. They told me they were having delays in paying week 25 people and their staff in Lagos were being threatened and their equipment being vandalized. The therefore decided to close the Lagos office until they sort out all week 25 people. They are currently in week 26 and a text will be sent to those due in week 26 once payment starts.
Their office in Ibadan is quite impressive and professional – far from the Lagos office.
GUD MORNING GUYZ I JUST FELT LIKE DROPPING YOU A PIECE BEFORE I HEAD FOR SEFTEG’S OFFICE THIS MORNING AS MUCH AS THEY HAVE PROMISED PAYING UP FOR MAY, I STILL HAVE NOT PERSONALLY RECEIVED ANYTHING IN MY UBA ACCOUNT AND THAT’S QUITE WORRYING BUT THEN I’M NOT BOTHERED I’M ACTUALLY GOING TO THEIR OFFICE THIS MORNING TO KNOW WHAT’S UP WITH MY OWN PAYMENT
ANY ONE WHO HAS RECEIVED HIS OR HER OWN PAY SHOULD ALERT US PLEASE AND LET US KNOW WHICH BANK THEY ACTUALLY PAID AND FOR WHICH MONTH.
THANKS FOR YOUR CONTINUAL CO-OPERATION I’LL HINT YOU WHEN I GET BACK.
Guy Im bck from SEFTEG and bet me it’s still the same story they have not paid my money despite the fact that I had to queue up for about 2hrs before been attended to they only said I should wait till Friday after I filled a complaint form so Im urging as many of you who hasn’t gotten theirs too should go to their office and sort things out and don’t expect miracles as they seem to be working with the complains that are filed in……
Check Nospetco’s link for theirs…..
hi guys,sefteg paid with my gtb account.i was paid for june on the 5th of july.this is mythird payment cos i started on the 19th of march.
best of luck to yopu all.
Hello Guy,,,
I heard this morning that WS MD apprehended please any one with useful info on this should post a detailed comment on it while I make my own findings…..
Thanks
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hi folks, sefteg has paid me for the month of may/june. and honestly i have not even gone to complain yet. i guess they had the process bungled up for some time but they are sorting things out now. tell me more about this WS gist – is it true? what was he apprehended for? and where? infact who apprehended him or her – the police or EFCC?
Please what going with Treasureline, can somebody tell me what week they are running now? I’m in week 27 like it’s taking yea come.
Hello,
Please what going with Treasureline, can somebody tell me what week they are running now? I’m in week 27 like it’s taking yea come.
Hi guys,
Could somebody let us into what’s really going on in WS , i have put a large sum of money. i don’t even know what week they are now, i’m suppose to be paid in week 21.
guys, I’m yet to be paid by sefteg o! i use zenithbank and i just hope it’s a temporary problem. I tried calling, but they wouldnt pick the call and their e-mail seems not to be going. I’ve been receiving my returns since march so, i’m still optimistic.
what week is wealthsolution, for over 3 weeks now they have been on week 18 what is happening
am not against these wealth creator if they are sincere and honest it is a great idea. kindly recommend a reliable one for me.
thanks
HEY GUYS….. SEFTEG HAS PAID MY MONEY FOR THE MONTH OF MAY AND IT WAS PAID ON THE 10TH INTO MY UBA ACCOUNT SO FOR AS MANY THAT HAS UBA ACCOUNT WITH SEFTEG SHOULD CHECK THEIR ACCOUNT IM SURE WE’RE MOVING FORWARD…..
TAKIA GUYZ….. MEANWHILE I WANA USE MY OWN MONEY TO SPONSORS ANY ONE INTERESTED IN BEING ON MY DOWNLINE ON CLUB FREEDOM OOOO
YEMMIE
08080296000
hi guys pls o what is happening to wealth solution? i am due in wk 22. what week are they in?
Please i need informations pertaining to books on investment. I would like to broaden my knowledge on invesments. Hope u guys help me out with dis info. Thanks
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kenpetcars@yahoo.com
08080296000
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@all
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Hey pips,
heard yesterday that treasureline has gone under. This I heard was published in PM nes yeterday evening. Please is there any other info on this guys?
Thanks
GUYZ, THIS IS WHAT I HAVE BEEN ABLE TO GATHER ABOUT TREASURELINE, WEALTH SOLUTION AND PENNY WISE FOLLOW THE LINK BELOW:
http://www.thenewsng.com/modules/news/article.php?storyid=3126
http://www.thenewsng.com/modules/zmagazine/article.php?articleid=17488
CHECK IT OUT GUYZ….
Thanks yemmie. They sent an sms yesterday saying they are having challenges with thier banks
can anybody help me about the truth about Wealth Solution and the rest of them i heard from PM News of yesterday that some of them are on the run. Is that true.
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can any body tell me what is happening, it seems sefteg and notspecto is going the way of treasureline wealthsolution ,and other.u need to be at their to see how people that have one complainor the other of nonpayment spanning over 2-4 month besiege the office. they gave the same complain of bank frustration ,buggling of their office and computer system and others. wetin dey happen
@fehitola,
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JUST DECIDED TO DROP THIS NOTE FOR EVERYONE WHO IN SOME WAY HAVE INVESTMENTS IN HYIP’S I THINK PENDING THE TIME THEY RESOLVE THE BANK ISSUES AND WHATEVER DEALING THEY HAVE WITH SOLUDO AND EFCC I THINK WE SHOULD ALL DIVERSIFY A BIT AND NOT GET OURSELVES STUCKED TO ON STREAMLINE OF INCOME
FOR THE FACT THAT I KNOW SO MANY THINGS EVEN BEFORE THEY HAPPEN DID NOT GIVE ME A GUARANTEE THAT I’LL BE THE BEST COS IF I WERE TO GO BY TIME FRAME THEN I WOULD BE THE NIGERIAN’S LEADING CLUB FREEDOM CYCLER JUST BECAUSE I HAVE KNOWN IT SINCE SEPTEMBER 2006 WHEN IT FIRST CAME INTO THE NIGERIAN MARKET.
MY POINT NOW IS, I SEE AND HEAR PEOPLE ON A DAILY BASIS COMPLAIN ABOUT DELAY IN PAYMENT OF RETURNS FROM THEIR HYIPS BUT SOMEHOW I HAVE NOT BEEN MOVED ONE BIT TO REACT TO ALL THIS STUFF’S SIMPLY BECAUSE I BELIEVE MY LIFE ITSELF IS A RISK I HAVE INVESTMENT WITH SO MANY OF THIS PEOPLE AND IT’S ACTUALLY SO CRAZY TO KNOW THAT ONE OF THEM IS ACTUALLY INTO CLUB FREEDOM AND AS I TRIED TO TRACK THEIR USER NAMES I GOT MORE AGGRESIVE AND HAD TO STOP.
DO YOU KNOW THAT SEFTEG THAT DECIDED TO PAY IT’S CUSTOMERS %30 PROFIT KNEW WHAT THEY WERE DOING ? TAKE FOR INSTANCE, IF EACH SLOT SEFTEG GET IN CLUB FREEDOM GETS $6000 PLUS A $1000 TRAVEL VOUCHER, THAT MEAN THEY HAVE MADE $7000 OUT OF SOMEONE WHO DROPPED JUST N50,000{NAIRA} AND SITS BACK AT HOME WAITING FOR MIRACLE TO HAPPEN SOON WHEN HE GETS PAID AND CALCULATE THIS EARNINGS PER SOMEONE WHO INVESTED 500,000 NAIRA IN SEFTEG CAN YOU SEE THAT AS MUCH AS WE THINK WE’RE WISE AS INVESTORS, I STILL THINK WE’RE FOOLS………
IT WOULD HAVE BEEN SO HARD FOR ME TO CONVINCE 2 PEOPLE TO BE MY DOWNLINES IN CLUB FREEDOM WHICH ACTUALLY GIVES THEM EACH THE OPPORTUNITY OF EARNING THIS SAME $6000 AND A FREE 7NITE VACATION BUT BECAUSE SOMEONE HAS SET UP AN AIR-CONDITIONED BUSINESS HALL AND SOME FILES FOR YOU TO SIGN YOU TOTALLY GET COMMITED AND DROP YOUR EARNINGS IN THEM WHILE THEY MAKE 100 TIMES YOUR INITIAL CAPITAL THEY STILL END UP PAYING YOU PEANUTS ON THE LONG RUN WHO STANDS TO LOOSE BECAUSE I KNOW THAT SOONER OR LATER YOU’LL MAKE UP YOUR MIND TO JOIN THIS SAME CLUB FREEDOM WHERE SOME PEOPLE HAVE ACTUALLY MADE MONEY OUT FROM THROUGH YOUR OWN MONEY { it’s heartbreaking}
THE OFFER IS STILL ON AND MY POINT IS LET’S DIVERSIFY A LIL AND INVEST IN CLUB FREEDOM, I AM A LIVING TESTIMONY COS IT HAS ACTUALLY EXPOSED ME SO MUCH THAT PEOPLE I NEVER WOULD HAVE DREAMT OF TALKING TO IN A LIFETIME I HAVE BEEN OPPORTUNED TO MEET THEM JUST TO DISCUSS WITH THEM ABOUT CLUB FREEDOM AND MERKETING CLUB FREEDOM ITSELF HAS INCREASED MY POTENTIAL AS A SALES PERSON. GUYS CLUB FREEDOM IS NOW 30,000 NAIRA ONLY AND YOUR REWARD IS $6000 WITH A MINIMAL TASK SO WHY DON’T YOU TAKE UP THIS OPPORTUNITY AND GIVE IT A TRY THERE’S NO RISK INVOLVED AT ALL……….
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a man dat has not succed is one dat has not taken a risk. thanks 4 ur encouragemeem. sefteg is now at oyin jolayemi opposite taste fried chicken v.i
paying..just got paid on swiss cash….again. wirte daguru_investments@yahoo.com for more info.
really good program
hi guys,i have been with sefteg since marc.they have paid me 3 times but i have been due for last months payment since 30th of july.i am yet to be paid and i hope they are not having problems.
HI GUYS
WHAT IS HAPPENING TO WEALTHSOLUSION, TREASURELINE, PENNYWISE AND OTHERS? ARE THEY NOT EXSISTING AGAIN?
PLS GUYS INEED A REPLY
THANKS
AYOOLA
I hear Wealth Solution is planning montly payment schedule like Sefteg i.e 10% on investors money every month, would like to know if anyone have heard and how true is this?
I was at Ojodu last week Tuesday withe so many people to check how far with Wealth Solution payment but to my surprise i met their office closed. A note was pasted on their door that those due for week 19 will paid on August 27, which they are supposed to have paid since june. But what baffles me now is that when i (with some other people) tried to trace their new office on that same street we did not get them so how do people get paid.
Wealth Solution is trying to introduce another plan. The one we have done we have not finished that one they are trying to bring up another idea, my advise is that let us wait for them to settle everybody b/4 we can invest again and let them even publish their new address so that people would have rest of mind. Many people would have high blood pressure as they closed down their office without notice. Their promise was that week 21 which i belong to will be paid 1st week in august because of the strike action but now only God knows when week 21 will be paid. Pls anybody with useful information about them should please drop it people are worried.
Thanks for the great job done.
@all,
This is to express my grief against all Nigerian HYIP. I must tell you that it’s like they succeeded in gathering money all around the country and finding a way to do away with them. The worst of them all is cashseed who not only refused to pay people’s money but also ask us to buy scratch card of #500 each in order to get paid and also did not pay after all.
It’s a pity.
if you have any contrary comments, you can pls do.
I believe the better option is to go 4 those scheme like clubfreedom or gateaway club, cos you determine when and how much you’ll be paid.
If you’re interested in joining either of the both you can contact me,
Also if you want to join without the stress of marketing you can contact me also as we have already a plan that will allow you to join(Clubfreedom and gateaway club) and we’ll market for you and share the profit in ratio … contact me on (ayo4higherglory@yahoo.com or call 08056640801) to know more.
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To fund your e-gold account with ease, contact ayo4higherglory@yahoo.com or call 08056640801
PLEASE ANY UPDATE OF TREASURELINE, AIRPORT OFFICE…………………………………………..
@all,
i went to TL office @ Ibadan like 3wks ago to drop a copy of our slips(my coleagues) and i was told that payment for week 26 will be made by the following week but nothing came. I went again last week but met soldiers from irate subscribers, we were told they fled bcos of harassment,i called and they said except they get security that they would not be able to pay,but by next week something will happen…i hope so
guys, sefteg keep sendin text messages and e-mails apologizin for delays in payments. they said they would resume payments this week… or latest next week. let’s see how sincere they are.
Hi guys!
Could someone tell me what is happening to wealth solutions. I hear they could not pay at present because the banks wouldn’t coperate with them. Their is however a notice at their office in lagos that investors should not worry because their funds are safe. This was about four weeks ago.
@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.
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‘WALE
guys, sefteg paid on the 21st sept. It was 2-month outstanding but they paid just one. Mayb they’ve settled with the banks.
QL,
ARE U DERE? AM STIL WAITN 4 UR GSM NO 4 US TO DEAL.
WALE
QL,
ARE U DERE? AM STIL WAITN 4 UR RESPONSE.
WALE
Please i want to know what is happening to sefteg,i invested on 1st of june 2007,i only got one payment and that was on 31st july 2007 and since then i’av not heard anything from there.
08062703600
Hello House, i just received an e-mail from Sefteg intimating me that they ‘re undergoing routine check.Also they said that they have been forced to vacate their office due to threat and attack to staff and property from investors. Let me even paste the e-mail here: DEAR VALUED CUSTOMER,
SEFTEG NIGERIA COMPANY LIMITED is undergoing routine inspection by regulatory authorities i.e our records books, accounts and the mode of operations are under scrutiny.This means all activities including payment has to be on hold until the inspection is over.
In the mean time ,the management has decided to vacate the office. This is due to the continous threat being issued by clients to lives of staff and properties of SEFTEG .The environment is no longer safe or conducive for work.
We will resume work immediately after the inspection to listen to all your calls, comment ,suggestion and complains.
Keep praying and believing in the SEFTEG dream of CREATING WEALTH IN EVERY HOUSEHOLD.
Once again we will like to assure you that your investment is in safe hands.
We look forward to commencing activities and doing good business with you.
Please feel free to send us emails sefteg02@yahoo.com
MANAGEMENT.
Hello All, though i started sefteg much earlier as in February, i hv collected my initial capital i.e N30k about trice and 27K about twice, my husband has even collected 100K twice cos he did the quarterly plan. All i can say is that we were all mis led into HYIP. and seriously if not for regulatory bodies, we still would have being enjoying the returns irrespective of whether the returns were outrageous or not. any way, they sent a text saying they are resuming today 19th, but that they are still being investigated. I think the last amount that was paid is July. Lets just keep our fingers crossed.
Sefteg is also going the way of other HYIP’s,they are yet to pay guys August and september and October is ending very soon.
Please can someone tel me what is happening to Sefteg and Nospecto, i have not received any info from them concerning payment and the year is fast running to an end.please help
I think most of these fund managers were sponsored by some big boys to send nospetco out business. I know they will all refund depositors money after they have achieved their aim.
http://odili.net/news/source/2007/nov/1/511.html
How true is this story. There is another one in the punch on the same day. Why is Sefteg not included?
sounds unreal…but you can earn 10% daily for 15 days…no marketing no gimmick…guys have been earning since last week. Nospecto gave 8% monthly..sefteg 30% monthly..but i tell you…you will get 10% daily. If you put 1000 dollars..you will get 100 dollars EVERYDAY for 15 days…for info write to purespeed400@yahoo.com with the topic AMALL INVESTMENTS
what’s latest on treasureline????????????? anybody ???
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pls i want you people here do this job for me i know that you are being doing this great job for some people before ..i am looking for a lady that go by name EBERE ONWUDLII MERCY miss she attend BTI computers school at Abule Egba she is from NGOR OKPALLA FROM OWEERI pls do see her let her contact me with this nuber 08035195529 or mail me at this address..pls thank
help me find ebere mercy pls i am femi scott my number is 08035195529 pls do help me do this i need to see her
Hello everyone,
my own story is very sympathetic and greedy.
I was introduced to Sefteg around March i invested by April, by May, June they paid my returns and i was heavylly pregnant and I have started a monthly contribution of 10, 000N in my office which i collect N100,000 August 2007 by 31st of August I invested that money, calculating my returns in months already, by September i started hearing a sort of things about the company i invested, i even went to their office to my surprise is closed down directing us to their lawyers.
I know that you are abusing me already but please if you have any information about Sefteg let me know.
or Contact on 08035844537, or 07092108775
hello guys,
i also invested in treasureline but have not received my payment till now. but just last week, a friend of mine called me and said she heard they are back in lagos. though i havent gone there b/c i’ve not got the time, but you can try it out.
She said that to get there, u pick a bus going to going to Ojodu Berger and stop at Taiwo or Road safety Bus stop.
there is a New shopping Mall which is beside NEPA Building there. their office is in the New shopping Mall.
God will see us all through.
coach well done sir. this is good stuff. always making sure that people around you are financially independent. may God bless you.
The post titled ROI: Sefteg vs. Treasurelink | Self-Motivation, Personal Growth and Entrepreneurship Development on DeoluAkinyemi.com was very informative