[tasiere]

Originally Posted by ojobello

Murphy,
When I started our club sometimes in May 2007, I was aware of the knotty legal issues that will arise especially because of lack of guidelines in setting up and managing investment clubs in Nigeria. So to get around the initial legal hurdle, I decided to start with my friends many of whom have know me for 15-20 years. To get their buy-in without a full scale documentation wasn't difficult. Then as soon as these friends saw the benefits, they invited other friends who had similar trust in them. Today, we are about 35 members (and still growing) with almost N20million investment. We are web-based and because of this, transactions are viewed online and this makes it easy for some of the members outside Nigeria to see how their account is running. So far, I think we are doing well.

Good day Murphy,

Is your investment club still accepting memebers. If so what are the requirements.

Thank you