Firstly Dipo,I must commend the great work you're doing,looking out for your neigbour's welfare and all.God bless your family N you.I've never heard of Nospecto until now and I must commend the CEO for his innovativeness.My only snag's that I'm currently unemployed and out of investable cash.It's worth the risk and I commend other genuine Nigerians who may want to raise funds like this.

@ Ade

Thanx so much for your comment!

You are fully involved in this business as I can purely see. Being involved means you know what it is about and you did not put all your money in it. This explains a lot.

You are on guard!

I am actually ruminating on your perspective but as I said; since you are experienced in investing; you know how to play the game. Knowing how to play the game is different from just putting your money into it.

Your worth is not based on the abundance of what you have; that X5 could disappear tomorrow but God forbid. All i am saying is try to manage your risk as oppose to depending your life income on a scheme that is not solid enough.

I AM NOT SAYING YOU SHOULD NOT PUT YOUR MONEY IN NOSPECTO BUT MANAGE YOUR RISK!

Thanx again Ade

Dipo nice comments, but you are giving people a bad impression about the company. Yes, life is a risk so is business. I can assure you that you are wrong when you made the comment that no one can become rich by investing in something they are not involve in. I am a full time investor in the UK. I invest in shares and independent businesses as silent partner I have no involvement what so ever. I have been doing NOSPETCO for two year and presently I have 25 slots having started with just two and YES I have made all my initial capital back. Life is a risk, business is a risk, you have to be prepared to take this risk if you want to be sucessful. YOU cannot become rich by being an employee, you can be very comfortable but not wealthy. As far as I know Nospetco as been running for years and yes their business model is a bit unusal but I know for a fact contracts they have secured with manufacturing businesses t supply black oil and various other oil distribution networks.
Yes i have 25 slots and I can also confirm that I was very skeptical in the beginning and even today as I write my guards are still up as you must have calculated how much I have at stake. During september 11 2001 after the attack in the USA I lost thousands of pounds more than I have with Nospetco today at thesame time I have gained more money after 9/11 cooled down than any other time. Business is simply a risk be it Property, shares, savings, bonds, venture capital or starting you own business.
All I will say to people looking to invest in Nospetco is please go for it and dont waste time, people are making money so can you. The X5 I drive and the house I finish building 3 mths ago were all done with this SO CALLED NOSPETCO money. I am a very ethical man, very religious and honest all i look for is legitimate businesses to invest in. I find it very rude if people that knows nothing about this business accuse investors as greedy, I agree we might be greedy but I will tell you this success comes with GREED. You have to be greedy to be successful, to get a promotion, to haggle in the market to become very rich. Greed is not a bad thing, it becomes dangerous when you are willing to do anything for money (I am not). Its human nature to always want more and also Dipo life is a gamble so is business. The friend that introduced me to Nospetco has been doing it for almost 4 yrs now with no hassle. Don't get me wrong I understand your article but be a bit more optimistic and maybe you can make some money as well. I have arranged to see the CEO of Nospetco in December and he is happy to meet with me and also EFCC has audited their business several times without seeing any fraudulent activity or pyramid sheme. I am not saying you should all go out and put your life savings in something you dont know about but Nospetco is something worth looking at. Try it and keep praying, they are helping lots of nigerians. Also in a news paper article I read the CEO say its cheaper to get this money from the people and pay them such returns than borrowing money from the bank which is against his religion. Please do your research before you conderm a business. I have noticed that the only bitter people are people that have not invested in Nospetco, the moment someone invests and starts seeing their returns the views changes.

Disclamer: Every business is a risk, you can make good money or lose all your money. Speak to your financial adviser or accountant if in doubt.

Thanks people,
Ade

just greedy people invest in this schemes, they seem to be making money because they are getting their monthly %, nothing extra minimum 6months contract, it take about 12months to recover the 450,000 invested, what if the company folds up after 5 months u only get 200000N MINUS your 450k lol
what happened to your podcast @dipo, iwas expecting an original voice not an electronic reader! and it only reads one sentence

@ Tola

Thanx for visiting; your perspective is worth reviewing!

@ Wale

The scheme is very ok except they have no watchdog (regulators) in their industry so there is actually nobody to check the processs.

But as the saying goes «No risk, no gain»

I always thot the scheme was crazy but everybody around me seems to be doing it and they are making so much money from it.
I have been thinking about it in recent times. Your article is helping me reinforce my decision not to do it.
Regards

Well said Dipo, you hit the nail right on the head. I hear the scheme has been around for about 3 years but the sudden popularity its gained in the last 6 months leaves me worried that all is not right somewhere.

My advice to those currently on the scheme is to withdraw for now until after the 2007 elections.