By william Jimoh & Paul Metu
I have never participated in any of the mutual funds and this is because I have been buying shares since 1970. Based on my long experience in investment, my advice is that before embarking on any form of investment available in the market, mutual fund inclusive, there is need to understand the type of people that make up the group and those managing it.
Though I have shares in many companies, about 80 of them, I don’t have anything against either bonds or any form of mutual funds because I see them as another opportunity for those interested in investing in the market, but cannot bear the risk in shareholding.
Investors, most especially those who engage in monthly or weekly contributions, which often result to a situation where some members cannot get their contributions back can embrace collective investment schemes of whatever type they want knowing fully well that they can collect their money at anytime provided they follow the laid down rules.
Another reason why I support mutual fund is that, since it is been regulated by the Securities and Exchange Commission, SEC, investors can be rest assured that their investments are safe. For this reason also, it can be recommend for people seeking a profitable venture to invest in apart from stocks.
Additionally, if as an investor you are going for any form of investment, mutual fund inclusive, there is need to ensure that you understand the market very well. This is because, many managers of these collective funds are announcing their services on various media, but not all of them are very sincere,” ( Adewale Abiodun is the Chairman Ogun Chapter of the Nigerian Shareholders Association)
Prince Marcel Ajaerel
Concerning the issue of mutual funds, you need to have full knowledge of what you are entering into because it is the understanding you have about how things work in such market that will sustain you, as well as make the venture profitable.
Every investment is a risk, especially in this part of the world. I think investment in mutual funds is good and can be undertaken considering the benefit that comes with it. But if you don’t know about such investments and you involve yourself in it, you might fall into the wrong hands.
Lastly, if you are new in the market, to participate in this form of investment, you need somebody that is into the business or someone that has the idea to guide you. You don’t have to venture into such investment as a novice, and if you do, you might end up investing in a venture you may not like.
COMPLAINTS and INVESTIGATIONS
I need information on my Oando shares
Please kindly help me find out why for almost four years I have not received any dividend or update on my investment in Oando Plc.
Please contact First Registrars at Plot 2 Abebe Village Road, Iganmu or call 08033018295, 08191410456.
I need contact of Forte Oil registrar
Sir I want to know where I can locate or contact the registrar of former AP Plc now Forte Oil and also inquire about my unclaimed dividends. (Adewara Olusegun Olayinka)
Contact Zenith Registrars at plot 89 Ajose Adeogun Street Victoria Island Extension Lagos, Nigeria E-mail: email@example.com. Tel: 2708930-4
I can’t cash my dividend warrant
I bought shares from Access Bank and I do receive dividend warrants because I don’t have a current account. Please help me, I need a stockbroker. (Isaac Bill)
We don’t recommend stockbrokers to readers. You can visit www.nse.com.ng for list of licensed stockbrokers. However, you don’t need a stockbroker to cash your dividend warrants. You need to open a current account into which you will pay the dividend warrants. Also, you should contact the registrar of Access Bank to revalidate the dividend warrants, or register for e-dividend (direct payment of your dividend into your bank account). The registrar is United Securities Limited, located at 10, Ojikutu Street, Victoria Island, Lagos. Telephone: 01-2714566 or 01-2714567)
I need update on Daar Communications shares
Please what is the status of my Daar Communications shares that I bought early 2000? (John Otamere Asemota Benin City)
Please contact Please contact First Registrars at Plot 2 Abebe Village Road, Iganmu or call 08033018295, 08191410456.
No dividend from ETI
I bought the shares of Ecobank Transnational (ETI) in 2008 and received certificate through a post office. But since then, I have not received any dividend from the company (Agbontaire Francis)
Please contact ESL Registrars Ltd, 16/A Rauf Taylor Close, Off Idego Street, Victoria Island, Lagos or call an official of Ecobank on 08023877599
No communication from Premier Breweries, 5 others
I bought the shares of the following companies over ten years ago. They are RS Nigeria Plc, Premier Breweries Plc, Ellah Lakes Plc, Jos International Breweries Plc, Aba Textile Mills Plc and Unipetrol Nigeria Plc. But since I bought the shares, I have not received any communication from them. Please help me to investigate (Ceramic Manufacture)
You need to contact the registrars of these companies for update on your investment. For Premier Breweries contact Africa Prudential Registrars Plc at 220B, Ikorodu Road, Palmgrove, Lagos. You can call 01-8401153, 01-8931501, and 01-4606460 or send message to firstname.lastname@example.org. For Jos Breweries and Ellah Lakes contact – City Securities, Primrose Tower, 2nd Floor, 17A Tinubu Street, Lagos. Tel: 234-1-2641298, 234-1-7924462. For Unipetrol now Oando Plc, contact First Registrars at Plot 2 Abebe Village Road, Iganmu or call 08033018295, 08191410456. For Aba Textile Mills contact NIDB Trustees, NIDB House, 63/71 Broad Street, Lagos.
I need investment advice
I just gained admission and I have N850, 000. Please I need advice on what I can invest the money in that would sustain me throughout my schooling (Onos Michael, Effurun Delta State)
If the money is meant for the four years you are to spend in school and there is little hope that more will come, then you need to be careful. If you must invest, safety of your money must be the number one priority as you can’t afford to speculate with the money. For this purpose, investment in fixed income instrument e.g. treasury bills or FGN bond would be most appropriate. Alternatively, consider buying a blue chip highly liquid shares that you can easily sell. For the former, see your bank, and for the later, see a stockbroker.
How do I recover unclaimed dividend in First Bank, two others
I have shares in First Bank, Cadbury and Oando and they send me a paper detailing my shares position. Please help me on how to get my accumulated dividend from these companies. (Friday Odoemelam)
The three companies have the same registrar namely First Registrar. Please contact the company at Plot 2 Abebe Village Road, Iganmu or call 08033018295, 08191410456.