Happy New 2009!
Sorry for the long break, yours faithfully have been fully engaged in several activities and have less time lately for doing what we love most- serving you latest information as it happens.
Briefly for Nospetco Investors, this is to inform you that the final verdict have been in suspension since November 2008 due to the ongoing strike of court workers in the country which as at this moment is yet to be resolved though underground negotiations are on between the Federal Government and the striking workers to solve the problem.
We will keep you posted as soon as the issue is resolved. Till then lets keep our fingers crossed and hope for the best.
Asper SEFTEG no news till date. We wrote to the Liquidators some times last year but have not gotten a response to our mail till date.
To our countless readers who showed concern by mailing and calling us to know the reasons why we have not updated in a while and also those who wanted more information on certain issues. We say THANK YOU and want to let you know we are making conscious effort to be back full time.
The year 2009 will be surely be great for us all. Amen.
Saturday, January 10, 2009
Nospetco Awaiting Final Verdict...
Saturday, September 13, 2008
CF Extends Membership Expiration to 2009
Clubfreedom has just announced the extension of existing member’s membership expiration to September 1st, 2009.
imoisilis.com congratulates the new Management of CF for this new stand.
Recall our earlier post complained about the "renewal" clause introduced by the company as a prerequisite for the new reward plan in October, 2008.
We welcome this new development and see it as a strong motivation especially to the existing member who had lost hope with the company under the former Management.
For us, this is a wakeup call to all existing members to pick up their CF marketing kits and hit the road again to financial freedom.
Please don’t hesitate to join now, follow this link: www.clubfreedom.biz/simoisili to your financial freedom!
Please see excerpts of the mail below.
Clubfreedom Listens To Its Members!After careful thought and consideration and LISTENING to our VALUED members, we have made a MAJOR decision that affects ALL members!
Yesterday, we announced our NEW REWARDS PROGRAM that will launch on the 1st of October, 2008. This new system offers a chance to our members to earn more than THREE TIMES what our current system offers.
Here’s the good news folk, the owners of Clubfreedom are willing to invest the required funds to launch this NEW REWARDS system and there will be no membership renewal required for at least 12 months. That's right, they are willing to incur a SUBSTANTIAL short term loss in order to keep our members happy!Here's a reminder of the NEW REWARDS PROGRAM
Important Details of the Changes:
• All Clubfreedom memberships that were purchased prior to the 1st of September, 2008 will now expire on the 1st of September, 2009.
• All members that joined Clubfreedom after the 1st of September, 2008 will have a 12 month expiry date. In other words, if you joined on the 2nd of September, 2008, your membership will expire on the 2nd of September, 2009.
• As of the 1st of October, 2008, new Clubfreedom memberships and renewals will now be $250 USD.
• As of the 1st of October, 2008, all new rewards will be paid to a NEW wallet system.
Keep These Facts in Mind For Next Year:
• Any memberships that are not renewed by their expiry date will be deleted when the board this member is on splits. All personally sponsored members in the downlines of this deleted member will be moved to the nearest upline member with a paid membership. If a member with an expired membership is at the top of his board when the board splits, he will NOT be eligible for advancement rewards and will be automatically deleted from the system. Once a member is deleted from the system, they will NOT be replaced back into the system under any circumstances.
• The new expiry date of your membership will be listed on the Home Page of your Clubfreedom member’s area in the next few days.
• There will be a renewal link in your member’s area when it is time for you to renew your membership.
We are very excited about the changes to the rewards program.
We want OUR MEMBERS to be happy!
We are looking forward to seeing many members earning MORE REWARDS!
The potential earnings are life changing! Click Here to Read More..
Clubfreedom Back with New Reward Plan!
For all existing Clubfreedom members, Clubfreedom is increasing its payout again this time to more than what imoisilis.com previously advised the former Management headed by Michael Faust to do back then. Please see:
The travel club is introducing the new reward plan from 1st October 2008. With what I have read so far, the reward is a welcome idea and by far surpasses any other MLM I have participated in.
Come October 2008, the new board system will comprise of 3 boards namely:
- STAGE 1 - FEEDER BOARD
Intending members will register with $250 to come on board in this stage and receive $250 when they qualify to Stage 2.
- STAGE 2 - NEW LIFE BOARD
Total Payout in this stage is $5,500 cash reward, comprising of $3000 for cyclers and a progressive $250 for each level climbed and extra $250 each for members whose downlines cycle from STAGE 1 to level 1 in this stage.
- STAGE 3 - TRAVELLERS BOARD
The total payout in this stage is $17,500 cash reward comprising of $15, 000 for Travellers and a progressive $250 for each level attained and extra $250 each for members whose downlines moves from NEW LIFE BOARD to reservation (Level 1 in Traveller’s board), plus a $5,000 travel voucher.
Bringing the total payout to $23,250 (For all the stages)
However, typical of CF, there are conditions to attached to the new reward plans. For example, all existing members over 1 year and above will have to renew their accounts or risk losing their current position and having their downlines moved to their renewed upline when the board splits after October 1st 2008.
The cost of renewal is $200 before October 1st 2008 and $250 after then.
Please go through the conditions below:
If you are a current CF member, please check your e-mail for the latest CF update or alternately log into your CF account and click CF rewards.
Note that existing members will have to agree to the new terms of condition spelt out by CF, my guess as a result of the challenges faced earlier on roll out.
Have a lovely weekend.
Friday, August 22, 2008
FirstBank Pays N24bn Dividend, Appoints New Director
The lull in the capital market notwithstanding, First Bank of Nigeria Plc has paid a N24 billion dividend at N1.20k per share, for the financial year ended March 31, 2008. This, the bank believes, is to reaffirm investors’ confidence in its ability to create value and keep faith with its promise to shareholders.
The total dividend payout, the largest in the history of Nigeria's banking industry, is almost enough to get a new banking licence – going by the N25 billion minimum shareholders’ funds requirement.
The bank has also declared a bonus of one share for every four shares previously held before the close of the shareholders’ register on August 08, 2008. At the Annual General Meeting (AGM) held yesterday at the Transcorp Hilton Hotel, Abuja, shareholders poured accolades on the bank while expressing their satisfaction with the “continued impressive performance”.
The bank's total assets and contingents grew by 65.8 per cent to over N2 trillion, while profit before tax grew by 85 per cent to N48 billion. The Annual Report and Accounts presented at the AGM, in line with the bank’s industry defining posture on corporate governance, contained a detailed and explicit dedicated section on risk management disclosure, described as unprecedented in this market. In terms of shareholders’ funds, FirstBank also consolidated its leadership position in the industry with an increase of N272.1 billion or 325.2 per cent from N83.63 billion to N355.63billion, which is higher than the shareholders’ funds of all the 89 pre-consolidation banks put together.
This stellar performance, according to the bank, is driven by an all-inclusive understanding of the growing customer service realities, and the elimination of impediments to effective service delivery through continued network expansion, product development, and strengthening of its global footprint.
Meanwhile, the Board of the Bank has approved the appointment of Ms. Ibiai Ajumogobia, a seasoned human resources technocrat, to its board, effectively replacing the eminent academic, Dr. Udo Udo Aka (MON). This is coming barely two weeks after the announcement of Mr. Sanusi Lamido Sanusi, the Executive Director, Risk and Management Control, as the new Managing Director/Chief Executive to take over from Mr. Jacobs Moyo Ajekigbe, the incumbent MD/CEO who is retiring from the Bank after 31 years of services to the Bank.
The Chairman of the Bank, Alhaji Umaru A. Mutallab (CON), formally introduced Ajumogobia and Sanusi to shareholders at the AGM.
Ajumogobia is a Human Resources Management and Training Consultant with over 18 years of core Hr experience at the Senior management level in the large corporate private sector. With a background in Law and Interior Design, she worked first in the Rivers State Ministry of Justice and subsequently in the Federal Ministry of Justice before she joined the Shell Petroleum Development Company of Nigeria Limited (SPDC), where she moved through a range of HR roles, gaining extensive experience of Recruitment, Training Needs Analysis (TNA), Manpower Planning and Development, Policy Development and Employee Relations as well as Change Facilitation and HR Project Management. Whilst in Shell, Ms. Ajumogobia became a certified Change Facilitator, and was the company's Change Focal Point in the Eastern Division.
After 12 years with Shell, she left to join a major international banking institution – Citibank Nigeria, a subsidiary of Citigroup. She was the Country Head of Human Resources covering Nigeria and overseeing the Rep Office in Ghana. She stayed with Citi for just over four years and left the organisation in December 2003. In June 2004, she incorporated The Daisy Management Centre Limited and opened formally for business in December 2004. A private 12-Room Residential Management and Training Centre, The Daisy offers facilities for training, conferences, seminars and meetings, as well as Business Class guest rooms for business guests and residential programmes.
Ms. Ajumogobia recently joined the Team-building network in the United Kingdom and is an accredited team-trainer, certified to use the Margerison-McCann Team Management Profile. She is also a Member of the Chartered Institute of Personnel Development (CIPD) and recently completed the Management Development Accreditation Programme with the Centre for Management Development (CMD) in Lagos.
Many financial analysts see the past year as “industry-defining and revolutionary” for the bank as it continues to set the pace in the industry with landmark initiatives which re-affirms its leading position in the financial services industry in particular and the nation in general. For instance, in February this year, the Bank made history on the floor of the Nigerian Stock Exchange (NSE), when its market capitalisation closed at N1,039,254,191,332.50k, thus making it the first Nigerian financial institution, and indeed, the first quoted company in Nigeria, to hit the N1 trillion mark. In keeping with its strategic intent of being a global player, the bank inaugurated its FBN Bank UK Paris Branch, thus making it the first Nigerian bank to have a presence in mainland Europe (that is, outside the United Kingdom). As part of its pioneering initiatives, the bank also launched a self-service bureau de change product, the FOREX ATM, essentially for converting foreign currency to naira, the first of its kind in the Nigerian financial services industry.
Also, in recognition of recent adverse global trends in the agricultural sector and the need for timely intervention to safeguard the food security of the country for national development, FirstBank single-handedly sponsored and co-initiated along with the Nigeria Economic Summit Group (NESG) and Agro-Nigeria the International Conference on Food Security. The bank is engaging the executive and legislative arms of the Federal Government with the output of the deliberations for policy formulation. In a statement by the bank’s Head, Corporate Planning & Group Coordination, Mr. H. O. Bakare, FirstBank says it believes “these various initiatives and the bank’s strategic approach to running its business have facilitated its continued growth and ability to delight shareholders”. The changes in the Board and the continuous re-invention fit perfectly into ensuring that FirstBank remains dependably dynamic as well as maintaining leadership in the increasing challenging operating environment, he added.
Courtesy... THISDAY Newspaper
Saturday, July 26, 2008
First Registrars notifies investors on 17 offers of firms
Head, Finance & Accounts of the company, Niran Adetunji disclosed that First Registrars is ready to package an indemnity to investors who had not yet received their share certificates from the recent offers handled by it for their various client companies.
"For those who have not yet received their share certificates for the various companies we have handled their offers as Registrars, they should send a formal letter and we would package an indemnity for them within seven days and issue them the duplicate" he said.
A list of the companies as published in First Registrars notice to investors in about 10 newspapers Adetunji told Proshare in Lagos, include ARM Aggressive Growth Fund, Platinum Habib Bank Plc (Bank PHB) Costain West Africa Plc, DEAP Capital Management and FBN Heritage Fund offers of 2007 respectively.
Others are Fidelity Bank Plc’s 2005 offer and 2007 Rights/offer respectively, First Bank of Nigeria Plc’s (FBN’s) 2003 Rights and 2007 Rights/offers respectively.The list also include StanbicIBTC Ethical Fund offer of 2005, StanbicIBTC Bank offer 2005, Kakawa Guaranteed Income Fund offer 2007, Oando Plc’s Rights/offer of 2004.
There are also the Oasis Insurance Plc’s Rights/offer of 2007, Prestige Assurance Plc’s and Standard Alliance Insurance Plc’s offers of 2006 respectively and the IBTC Guaranteed Investment Fund offer of 2007.
He maintained that First Registrars would reissue physical share certificates or direct crediting to the investors Central Security Clearing System Limited (CSCS) accounts; if furnished and indicated while filling the indemnity form.
...Courtesy of ProShare News
Tuesday, June 24, 2008
Holidays and Cash- Michael Faust's New Plan
Please find below an e-mail, I received from one of my contacts as a confirmation of Michael Faust new plan. The plan which will launched formally on July 1st in Australia, is a Binary MLM called Holidays and Cash, with weekly payouts in Euros depending on individaul performance. It is different from the board matrix system a lot of us are currently used to.
The registration fee is €200 and that includes €50 for a special debit card that can be used anywhere in the world.
Payments can be made via wire transfer or through the debit card which can be funded by e-gold, c-gold, e-bullion etc.
You can learn more about it by clicking this link: http://www.solutionminded.com/editor/assets/online_room.html to access the powerpoint presentation of the new plan, or mail me (imoisilis@yahoo.com) to have the slides mail directly to you.
Hello,
It's incredible. Every day we get more and more people from around the world getting excited about HolidaysandCash.com and wanting to participate in the incredible rewards programon offer!
People who were million dollar earners in this type of business, people who were critics and skeptical of other businesses like this, and people who are totally new to the concept, are all anxiously awaiting our launch date of July 1.
Please go to http://www.solutionminded.com/editor/assets/online_room.html to access PowerPoint Presentations, downloadable flip chart presentations, details on live online presentations I am hosting, and much more!
Next live online events are this Wednesday evening 8.00pm Sydney time (AUS) and 8.30pm London GMT time. I will be going through the Rewards Program in more depth so please take an hour out to learn all the ins and outs of this exciting new program.
P.S. In order to ensure we have all our systems fully tested we are going to put off the release of the pre-launch site and just wait until July 1 for the soft launch.
Keep getting the word out using the promotional tools we have done up for you in the mean time.
Regards
Michael Faust
President & CEO
HolidaysandCash.com
"Who says you can't work and play!"
Let HolidaysandCash show you a new way of living...travel, money and time!
Saturday, June 21, 2008
Still on SEFTEG
Please find below a copy of the directive given by the Liquidator of SEFTEG Nigeria Ltd, IJEWERE & Co. (Tax Consultants). Submission of documents is still opened.
SEFTEG NIGERIA COMPANY LIMITED (IN LIQUIDATION) 04/02/2008 IN THE FEDERAL HIGH COURT OF NIGERIA HOLDEN AT LAGOS SUIT NUMBER FHC//L/CP/1133/2007
ADVERTISEMENT OF COURT APPOINTED LIQUIDATOR FOR THE WINDING UP OF SEFTEG NIGERIA COMPANY LIMITED (IN LIQUIDATION)
Pursuant to the order of the Federal High Court, Lagos, presided over by his Lordship, Honourable Justice P.A. Olayiwola dated 4th February, 2008, I Emmanuel Itoya Ijewere of Messrs Ijewere & Co. (Chartered Accountants), No. 106/110, Lewis Street, Lagos has been appointed by the court as the PROVISIONAL LIQUIDATOR for the purpose of conducting the proceedings in the order made by the court on the 4th February, 2008 against SEFTEG NIGERIA COMPANY LIMITED (IN LIQUIDATION) RC 696744 whose registered address is at Plot 1661, Oyin Jolayemi Street, Victoria Island, Lagos.
All debtors of the company are hereby directed to deliver their payments to me at my office address stated above.
Also, all creditors of the company should forward their claims relating to and connected with the company to me, containing the following;
- Names, addresses (postal/residential and e-mail) and Telephone numbers of investors
- Copy of passport page of international passport, drivers’ licence or national ID Card
- Photocopies of Deposit slipsiv.Evidence of all payments received from Sefteg Nigeria Company Limited (In Liquidation) to date (if any)
- Evidence of next of kin presented to and recorded by the Company.
All past or present officers who are in possession of any asset of the company are equally directed to surrender same to the Liquidator forthwith.
Submission of claims can be done using the following medium:i)electronically at the following e-mail address: mailto:sefteg@ijewere.com
ii) by post at P.O.Box 8713 or
iii) hand delivered at 106/110, Lewis Street, Lagos.
Please note that all payments, assets and claims should reach the Liquidator within two (2) weeks of this publication.
All deposits, cash and other liquid assets in the custody of any bank and other financial institutions for and on behalf of the company should be held until further instructions from the Liquidator.
NB: For further information, please check our website, www.ijewere.com.
Depositors who have formed associations can also present their claims through the leader of such associations, e.g. SEFTEG Investors Forum.
Information would also be posted on our website from time to time for ease of correspondence between the liquidator and stakeholders in the Company. Click Here to Read More..
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