NewStats: 3,263,447 , 8,180,175 topics. Date: Friday, 06 June 2025 at 12:18 AM 3r165

bfn1:

FBNQuest stands out for consistent dividend payments with a -friendly app, in my opinion.

On the contrary, Stanbic has a history of payment failures. I've personally experienced this 2 or 3 times, with instances of dividend reinvestment without instruction.

They sent out an email last week, apologising and promising payment by January 8th (yesterday) which they still have not done as at the moment of making this post.

First of all I was using Stanbic IBTC alone before I had to start using United Capital and FBNQUEST. The last two are more transparent in with their interest pattern.

Stanbic has always maintained a kind complicated and deceptive interest pattern that customers will never understand. Before they will say it was daily. Later, they say it's monthly. Yet, it is not separate from the the principal. If you want to be transparent why not put interest space and principal space separate like FBNQUEST and United Capital. Then pay it out/reinvest it monthly if that what you desire.

Good day all,
I have tried to follow this thread from a few pages back and i feel good finally adding my comment here with such ionate, legitimate money making investors such as yourselves.



editted

freeman67:



First of all I was using Stanbic IBTC alone before I had to start using United Capital and FBNQUEST. The last two are more transparent in with their interest pattern.

Stanbic has always maintained a kind complicated and deceptive interest pattern that customers will never understand. Before they will say it was daily. Later, they say it's monthly. Yet, it is not separate from the the principal. If you want to be transparent why not put interest space and principal space separate like FBNQUEST and United Capital. Then pay it out/reinvest it monthly if that what you desire.

Boss what is happening am a novice I want to start investing in mmf but am scare now what is happening now people are complaining about stanbic do stanbic defraud them am lost here

Mrluv:
Boss what is happening am a novice I want to start investing in mmf but am scare now what is happening now people are complaining about stanbic do stanbic defraud them am lost here

The complaint should not deter you. It's a way of giving about services or situations we are not very pleased with the hope that they'll effect some change for better service delivery. That said, if they don't change. There are always alternatives so it should not stop from doing what you plan to do.

I am new to this MMF stuff. Just a question. If I invest 2M naira in stannic MMF, what will be my interest in a year?

freeman67:



First of all I was using Stanbic IBTC alone before I had to start using United Capital and FBNQUEST. The last two are more transparent in with their interest pattern.

Stanbic has always maintained a kind complicated and deceptive interest pattern that customers will never understand. Before they will say it was daily. Later, they say it's monthly. Yet, it is not separate from the the principal. If you want to be transparent why not put interest space and principal space separately like FBNQUEST and United Capital. Then pay it out/reinvest it monthly if that what you desire.

Accrued interest in Stanbic MMF can be seen as you to the app. It's separate from your capital. At the end of every month interest is reinvested or the accrued interest is paid to your bank at the end of each quarter if you opt of interest payment into your bank .

KCnaira:



Good day all,
I have tried to follow this thread from a few pages back and i feel good finally adding my comment here with such ionate, legitimate money making investors such as yourselves.

After reading up, i wanted to start with Stanbic, FBN and Norrenberger in order of priority. With recent concerns about Stanbic i may just switch to Meristem.. My intentions are to do dollar investments only with the best bi-annual ROI available..

Ladies and Gentlemen @emmasoft et al
Kindly point me to the best ones to start for someone looking to spread just around 2k dolls??!!


special regards to the creatoer of this thread and emmasoft doing good job as well as other contributors.

For MMF go with Stanbic, fixed income fund go with SFS Capital, for dollar fund go with Norrenberger.
for stocks go with investment one.
open with the links on my signature.
You can also chat me up for any clarification, my numbers are on my signature

freeman67:


Good afternoon House, if you are using Stanbic IBTC Asset Management be sure to regularly keep your records and Statements of , please. I to my app almost every day and I see what happens there always. I checked daily throughout the holiday period because I wanted to add to my subscription but I did not generate and keep the statements.

I discovered my that the interest on my MMF was debited in on 31 December 2023 but not credited to my or reinvested. I sent them a mail in that regard but they did not reply so I had to call them.

They picked my call and couldn't tell me anything tangible than it was they credited me twice and this had to debit me. When I informed her that same happened in my other MMF , she said it happened to all their MMF . I instead mine was not correct from my observation and she asked for the proof/evidence that I don't have.


Also, last week made a deposit that was to be credited to my MMF last week, the money was credited to my GIF instead. That was their mistake not mine. Instead of them to just say sorry and rectify the problem, the kept lying and insisting that I made the payment to GIF collection that was they credited it there. However, the transaction receipt is with me. On the receipt, my MMF number is clearly stated in the Narration space and I rightly sent the money to MMF collection . Mistakes are normal but why would you lie and insist on something you are not sure about instead of just rectifying the mistake.

I used to enjoy their services but now, I don't understand what is happening with them now again. This year, I will be ing my statement at least monthly to avoid all these stories.

@freeman67, apologies for all the inconvenience. I know you are very objective when it comes posting stuffs here. Actually, from my end, everything seems okay. The reinvestment of interest was done 31st of December, I guess the issue is in some s and not general.

However, I will escalate as much as possible though it's a bit difficult because I can't be specific since some of the information I need to be specific can't be shared in a thread like this.

simplebb:



This is serious.
I’m yet to be paid till now also

Please can you provide the number I can call them on also.

FBN quest has paid since 2nd of January


What’s happening with Stanbic please ? @emmasoft

I can assure you all is well. internally no issues. The delay could just be an interface problem because payment into bank s involves other networks and there is volume as per customer base. that notwithstanding please get in touch if you don't mind.

Thank you.

enque:
Freeman67

I had this same issue with stanbic. I checked my balance on 31st night and then on checking again in January, I saw a totally different figure.
ed the statement from the app, but it didn't contain the balances so it was hard to reconcile the figures. I had to to web to get a more detailed statement before I got clarity.

for now, I'm keeping a close eye on the .
Doesn't even help that the app doesn't allow screenshots.

Please note, that sometimes there is a little time lag between the app and the web. The app is actually for a glance. For a more detailed check use the web. That is not to say the data on the app is wrong. They are both correct and serve the purpose depending on the investor's interest at that particular moment and what information is needed.

Please I am new to this. I don't know which one to . It seems SFS has a good enough review on their app in playstore. Which do you suggest I ?

emmasoft:


@freeman67, apologies for all the inconvenience. I know you are very objective when it comes posting stuffs here. Actually, from my end, everything seems okay. The reinvestment of interest was done 31st of December, I guess the issue is in some s and not general.

However, I will escalate as much as possible though it's a bit difficult because I can't be specific since some of the information I need to be specific can't be shared in a thread like this.

This is true. Mine and that of my wife were effected effective December 31, 2023. Please try to takeup @freeman67 case with Stanbic. He is a strong voice here in Investment.

Oritna94:
Please I am new to this. I don't know which one to . It seems SFS has a good enough review on their app in playstore. Which do you suggest I ?

To get advantage of benefiting from all debit instruments you can do both stanbic MMF and SFS fixed income fund.

MMF has Tbills and as basic underlying assets
While fixed income has FGN Bonds in addition to what MMF has.

Click the first two links on my signature to open or chat me up yo get more charity.

emmasoft:


To get advantage of benefiting from all debit instruments you can do both stanbic MMF and SFS fixed income fund.

MMF has Tbills and as basic underlying assets
While fixed income has FGN Bonds in addition to what MMF has.

Click the first two links on my signature to open or chat me up yo get more charity.

what is sfs?

Mrluv:
what is sfs?

It's d name of the fund manager just like stanbic.
The firm is SFS Capital and they mange the SFS Fixed income fund with current rate at 11.05%

emmasoft:


@freeman67, apologies for all the inconvenience. I know you are very objective when it comes posting stuffs here. Actually, from my end, everything seems okay. The reinvestment of interest was done 31st of December, I guess the issue is in some s and not general.

However, I will escalate as much as possible though it's a bit difficult because I can't be specific since some of the information I need to be specific can't be shared in a thread like this.

Thanks for your response and readiness to solve our problems here always. You know I first made a post last week to see if it was a general thing or peculiar to me. Where you advised that it could be a lag with the them and the bank or something.

After that, I waited till the end of that week yet didn't hear from them. So on Monday this week, I called them to find out why and also to complain why the fund I sent was credited to a different .

It was then they told me that they have already reinvested the interest, but the figures showing didn't add up. It was short of the deductions they made. So I insisted, then they claimed that they mistakenly added interest twice on 31st to all their MMF s and had to deduct all MMF s. That also is not correct because I monitored my always and did that daily from 23rd to 31st because I wanted to top up and don't want to make the deposit and be stressed before it will be credited because of their end of year activities. Usually at the end of the month, on the app you will see the (Negative Red) deductions and reinvest interest of same amount for us that chose reinvestment and for others it will only be deductions because it's credited to their bank s. So, if it was true that they mistakenly credited s, you would have seen the credit twice and one debit and your balance will add up.

In this case, it didn't. All the while, from December 31st I only saw debit from my MMF s and noticed a reduction of same from my balance as against what it was earlier. I thought it was just a normal glitch that it would later be resolved and the reinvestments made.

All that while, my s were same that way till I complained on Monday then on Wednesday I opened my app and discovered the debit was corrected to credit without a corresponding increase in the balance and also adjustments were made to the app whereby no display of interest deductions before credit as it were again. Infact all previous monthly interest deduction before credit that used to be displayed was wiped out. So if everything was fine, why all the measures? They just discovered that lots of people don't have time to be monitoring investment s that's why they did it.

For some of us saying the web is more reliable than app, that's is not true. The app is more transparent, because on the app will see your daily increase at a glance if you have the time but on the web, everything is just lumped up so you can never get any serious clarifications from there.

When I insisted on being short changed they said that I should provide evidence unfortunately I didn't the statement or keep screenshots because I wasn't thinking situation like this will come up.

So from now, I will try as much as I can to be keeping statements and screenshots weekly or at least monthly.

freeman67:


Thanks for your response and readiness to solve our problems here always. You know I first made a post last week to see if it was a general thing or peculiar to me. Where you advised that it could be a lag with the them and the bank or something.

After that, I waited till the end of that week yet didn't hear from them. So on Monday this week, I called them to find out why and also to complain why the fund I sent was credited to a different .

It was then they told me that they have already reinvested the interest, but the figures showing didn't add up. It was short of the deductions they made. So I insisted, then they claimed that they mistakenly added interest twice on 31st to all their MMF s and had to deduct all MMF s. That also is not correct because I monitored my always and did that daily from 23rd to 31st because I wanted to top up and don't want to make the deposit and be stressed before it will be credited because of their end of year activities. Usually at the end of the month, on the app you will see the (Negative Red) deductions and reinvest interest of same amount for us that chose reinvestment and for others it will only be deductions because it's credited to their bank s. So, if it was true that they mistakenly credited s, you would have seen the credit twice and one debit and your balance will add up.

In this case, it didn't. All the while, from December 31st I only saw debit from my MMF s and noticed a reduction of same from my balance as against what it was earlier. I thought it was just a normal glitch that it would later be resolved and the reinvestments made.

All that while, my s were same that way till I complained on Monday then on Wednesday I opened my app and discovered the debit was corrected to credit without a corresponding increase in the balance and also adjustments were made to the app whereby no display of interest deductions before credit as it were again. Infact all previous monthly interest deduction before credit that used to be displayed was wiped out. So if everything was fine, why all the measures? They just discovered that lots of people don't have time to be monitoring investment s that's why they did it.

For some of us saying the web is more reliable than app, that's is not true. The app is more transparent, because on the app will see your daily increase at a glance if you have the time but on the web, everything is just lumped up so you can never get any serious clarifications from there.

When I insisted on being short changed they said that I should provide evidence unfortunately I didn't the statement or keep screenshots because I wasn't thinking situation like this will come up.

So from now, I will try as much as I can to be keeping statements and screenshots weekly or at least monthly.

@freeman67, this is well-detailed . I wish you could visit the physical office.

emmasoft:


@freeman67, this is well-detailed . I wish you could visit the physical office.

Been a while I have visited the office branch. I opened the my MMF s from SIAML branch office in Abuja but the last time I wanted to do a transaction there immediately after COVID there was no body to attend to me. I ask by the bank staff to call instead.

freeman67:


Been a while I have visited the office branch. I opened the my MMF s from SIAML branch office in Abuja but the last time I wanted to do a transaction there immediately after COVID there was no body to attend to me. I ask by the bank staff to call instead.

I'm sure they would have resumed fully because the Lagos office is fully operational and customers who need to visit the physical office can walk in and be attended to.

Attention: Investors in SFS Fixed Income Fund who Used my Link

Thank you for ing my ministry.
Your patronage is much appreciated and never taken for granted.

If you have opened an and have not yet funded, you can do so with as little as N5,000, and your interest will start accruing.

Please note that after you your BVN kindly generate your virtual number.
This will enable you to have a personalized number such that as you deposit into it, the money goes straight to your investment there is no waiting time.

You can also give your virtual/personalized number to a 3rd party and once money is transferred into the , it goes straight to your investment. This can be helpful if you don't want to spend the particular money you are expecting, in that case, you can give your virtual number to the source of the cash e.g a debtor or even your company. You don't even need any description. Once you use your virtual , it's treated as your personal bank only that the content always goes to your investment directly.

When generated, it's normally a Wema, sterling, or Providus bank in most cases.

As usual, I'm always available for any further clarification if needed. See my details on my signature.

Do 'smoh' giveaway

emmasoft:
Attention: Investors in SFS Fixed Income Fund who Used my Link

Thank you for ing my ministry.
Your patronage is much appreciated and never taken for granted.

If you have opened an and have not yet funded, you can do so with as little as N5,000, and your interest will start accruing.

Please note that after you your BVN kindly generate your virtual number.
This will enable you to have a personalized number such that as you deposit into it, the money goes straight to your investment there is no waiting time.

You can also give your virtual/personalized number to a 3rd party and once money is transferred into the , it goes straight to your investment. This can be helpful if you don't want to spend the particular money you are expecting, in that case, you can give your virtual number to the source of the cash e.g a debtor or even your company. You don't even need any description. Once you use your virtual , it's treated as your personal bank only that the content always goes to your investment directly.

When generated, it's normally a Wema, sterling, or Providus bank in most cases.

As usual, I'm always available for any further clarification if needed. See my details on my signature.

enque:
Do 'smoh' giveaway

@enque your patronage is invaluable, you are on point and your suggestion is noted.
"I thank you specially" and I celebrate you.

emmasoft:


I'm sure they would have resumed fully because the Lagos office is fully operational and customers who need to visit the physical office can walk in and be attended to.

Will try and check them whenever I am chanced. Thank you.

This year, try diversifying your investment to a more stable currency.

Explore balanced funds and equity funds this year especially if your investment horizon is between 1 to 2 years, they had an impressive performance last year and still hold lots of potentials.

Do something different this year in your investment journey and watch the results.

MMF is not the only mutual fund in the world!

ernie4life:
This year, try diversifying your investment to a more stable currency.

Explore balanced funds and equity funds this year especially if your investment horizon is between 1 to 2 years, they had an impressive performance last year and still hold lots of potentials.

Do something different this year in your investment journey and watch the results.

MMF is not the only mutual fund in the world!

Well said.

Are there others that guarantee capital preservation?

ernie4life:
This year, try diversifying your investment to a more stable currency.

Explore balanced funds and equity funds this year especially if your investment horizon is between 1 to 2 years, they had an impressive performance last year and still hold lots of potentials.

Do something different this year in your investment journey and watch the results.

MMF is not the only mutual fund in the world!

ernie4life:
This year, try diversifying your investment to a more stable currency.

Explore balanced funds and equity funds this year especially if your investment horizon is between 1 to 2 years, they had an impressive performance last year and still hold lots of potentials.

Do something different this year in your investment journey and watch the results.

MMF is not the only mutual fund in the world!

please anyone have an advice for someone who wants to invest in stanbic dollar mutual fund or incase there’s alternative please share, thanks.

stephano100:



please anyone have an advice for someone who wants to invest in stanbic dollar mutual fund or incase there’s alternative please share, thanks.

You can go ahead, most dollar funds returns are in the range of 5.5 -7.5%. They all operate the same way because the underlying asset is majorly eurobonds.

However, in of initial deposits Norrenberger accepts less than $1,000 and also accepts naira deposits at a conversion rate slightly above the black market rate on the day of the transaction.

To open an at Stanbic, kindly click the link on my signature and complete the online form.
You are free to me. See details on my signature.

VeeInsider:
Are there others that guarantee capital preservation?

Yes, fixed-income fund, actually even balance fund or equity funds do but it requires that you be vigilant and know when to pull out.

emmasoft:


Yes, fixed-income fund, actually even balance fund or equity funds do but it requires that you be vigilant and know when to pull out.

is this not stressful?

enque:

is this not stressful?

Of course, that is where individual investor's objective comes in with consideration of their risk tolerance.

Is this balanced fund real or just there to lure investors?