Investment Education In Nigeria

[goldsun]

Originally Posted by overload

seems you work in kakawa funds magt...so if the kakawa 'bank' goes burst; who do i go to ask for my money? At least in banks I get about 50k from NDIC if am not wrong (heard it was increased sometime)

kakawa is owned by GTB and some other banks. Not likely to go burst

[horlads]

Originally Posted by overload

seems you work in kakawa funds magt...so if the kakawa 'bank' goes burst; who do i go to ask for my money? At least in banks I get about 50k from NDIC if am not wrong (heard it was increased sometime)

You're permitted to think so...but I must admit, I don't work for kakawa. I just know a number of products in the industry and I thought to share since someone mentioned it....

Kakawa is licensed to do what they do...and they are required to hold investments in a trustee account. So even if Kakawa goes burst, I believe your investment is safe.

[overload]

Originally Posted by goldsun

kakawa is owned by GTB and some other banks. Not likely to go burst

so if banks even as big as Lehman Broses can go burst why cant kakawa? or are they bigger than those that went burst in the past?

[overload]

Originally Posted by horlads

You're permitted to think so...but I must admit, I don't work for kakawa. I just know a number of products in the industry and I thought to share since someone mentioned it....

Kakawa is licensed to do what they do...and they are required to hold investments in a trustee account. So even if Kakawa goes burst, I believe your investment is safe.

sorry for the allegation.. but am just trying to play safe, but my problem with the discount houses is that am not sure that they are insured with NDIC.

pls how does it work with this trustee thing? what of if the Trustee is a bank and they are also burst..

[goldsun]

Originally Posted by overload

so if banks even as big as Lehman Broses can go burst why cant kakawa? or are they bigger than those that went burst in the past?

i was just trying to say kakawa is not a completely independent company and some oversight will be ensured by the owners

[horlads]

Originally Posted by overload

sorry for the allegation.. but am just trying to play safe, but my problem with the discount houses is that am not sure that they are insured with NDIC.

pls how does it work with this trustee thing? what of if the Trustee is a bank and they are also burst..

Don't worry, a bank going bust doesn't mean our holdings with trusteeship arm is gone...it's just like saying CSCS or a registrar goes bust, what happens to your shares?

[knightofdelta]

Originally Posted by goldsun

kakawa is owned by GTB and some other banks. Not likely to go burst

Don't be too sure, my friend...

[emmanuel ewumi]

Originally Posted by goldsun

kakawa is owned by GTB and some other banks. Not likely to go burst

FBN is also a major shareholder in the company. The former MD was seconded from FBN.

[nosa2]

Originally Posted by migiets

Na everything you wan setup for Nigeria?. .

My brother no knowledge is wasted plus in any case I'd soon be getting out of my current business and moving into something more long term, I've got a few ideas but I still dey shine my eye.

[Picolena66]

BBC News - A typical Chinese self-made billionaire

Wu Changjiang: A typical Chinese self-made billionaire!!

[johnnykuku]

Kakawa tb minimum investment is 1 million

[Salida]

An easy way to value a new firm — The Punch - Nigeria's Most Widely Read Newspaper

[Picolena66]

BBC News - Africa gathers in Lagos for Maker Faire

Wow............here hoping to their Advancement and Greatness forever!!!

[Salida]

Passive income: Make your money work for you — The Punch - Nigeria's Most Widely Read Newspaper

[hispy99]

Soon, success in business will be largely online driven - The Punch - Nigeria's Most Widely Read Newspaper

[hispy99]

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[Salida]

What to ask before buying annuity

[overload]

Originally Posted by hispy99

Soon, success in business will be largely online driven - The Punch - Nigeria's Most Widely Read Newspaper

yes naa. This is how its being done in the developed nations. My only concern for now is that we need like a pay pal in nigeria. A coy i can trust to pay for me without sending my bank details to just any coy out there online.

Moreover we need to improve our broadband with in this country

[overload]

Originally Posted by Salida

What to ask before buying annuity

if its to buy from Insurance coys, its a no no for me and my family!

[goldsun]

Originally Posted by overload

yes naa. This is how its being done in the developed nations. My only concern for now is that we need like a pay pal in nigeria. A coy i can trust to pay for me without sending my bank details to just any coy out there online.

Moreover we need to improve our broadband with in this country

with the diminishing revenue from voice, data is definitely where the network has to improve on. We'll soon be there