Hey people

Please any one has details whether Nospetco books have been checked by EFCC? This seems to be a good business for nigerians.

i think it will be nice for somebody to respond from NOspecto.
The law required every register coy in nigeria to declare their profit and tax. is nospecto doing this. make yourself known to pple so that they can know more about you

@ Ade

Thanx once more for your contribution; I really appreciate it.

Hi People,

Mitchell: To answer your question. Nospetco is a simple business partnership between you and Nospetco in which any profit they make with your money will be divided 60:40. They take 40% and you take 60% and you also pay all fees. For simplicity purpose they have arrive at a figure of N40,000 for every N450,000. You are not investing in Nospetco like a normal business in which you buy shares and hope to earn some dividend at the end of the year. Nospetco to me is fantastic because of the fact that I have made all my capital back
and I will say the biggest fear people have is the fact the their Business lack transiracy. As per the EFCC yes I heard it, no one from their office or from EFCC office has officially confirmed it. My information is from a relaible source and it makes sense for me to believe it because for a company of high profile and negativity from nervous investor I believe EFCC would have investigated their dealings. Although I know a lot of us don't have reliability in Nigerian police officers but I will say I got my info from a very very senior Police Officer who is also a big Nospetco investor.

To be honest I really dont want to talk about this Nospetco again, I am tired of negativity left right and centre. Its not for everyone and also if you use the ultimate Business (Gambling) rule you will be fine, which is «DO not Invest or Gamble Money you cannot afford to Lose». If you are scared and bear this in mind then you will be fine. Like I said in my previous posting I have been doing this for two years and my friend is going into her third year, so far so well no regrets what so ever.

Dipo,
As per the X5 you mentioned. Oh yes I know my worth is not messured with what I have but I mentioned those things pourly on the basis to let people know I paid for those with pour profit I have earned from Nospetco it was not said to be pompous or anything like that.
For those of us already investing in Nospetco we might have been a little harsh in responding to Dipos post. Read it carefully, there is a lot of sense in what he said and at the same time he is not saying People should not invest in Nospetco. Do your own homework calculate the level of risk you happy with and go for it but dont do it if you are not a risk taker or if you will give yourself hypertension because you are not sure what will happen tomorrow.
I invest in new businesses and well as established businesses and I can tell you everyone or them have a level of risk. For example, Enron was American 5th largest company until 2001 when fraudulent activities was discovered amonst its executive which later lead to the downfall of the comany an its auditing firm Authur Andersen. Luckily for me I sold my holdings in late 2000, I would have lost an incredible amount of money and this is a fool prove company according to great investors because of the companies success. Anyways people I gotta go.
Mitchell and those that want to know Nospetco's contact details
Nospetco Joint Venture Management
10th Floor, Allied House, 155/161, Broad Street. Lagos
Teplephone: 01-7914293, 2641267

Cheers,
Ade

Hi Kay,

Let me start by thanking you for the comments; it will actually give more insight into investment.

1.) To be involved in a company does not mean you are part of the decision making body. Having shares in any company in the NSE will gaurantee your involvement because you are sent the annual Profit & loss Statement, you are informed on the new products and how the old products are faring. you know the people in the board and you can predict the indexes therefore make analysis.

2) Shares of a company in the NSE is considered an asset in Financial institution.

3) Do you know that the same year first bank lost money; it actually declared profit and dividen. Thats the power of investing right!

4) Since you have no regrets with investing in Nospetco; i wish you the best.

I am not advocating investing in risky schemes without managing the risks...............................

Dipo,

It's obvious people like you wont have investment placement in any coy that you are not involved in. But what happens in the case of those that are investing in bank shares? At least, a deal involving share holder's money in First Bank PLC went sour with IIL saga.

Then what coy have you invested in and that you or people you know are actually involved in?

The most active sector in NSE is the banking sector, and how many shares can you acquire before u can be involved in any bank?

Dipo, if you are not a major stake holder in any coy you can never be involved and u and I knows what it means...

There's a clear cut difference in being involved and being an investor or having an investment placement.

I have no regret in dealing with NOSPETCO and am sure many people will toe dis line. What kind of sure can you buy with 450k and get 40k interest in a month?

You response will be appreciated cos am afraid if there's any.

Kay,

Lagos-Nigeria.

Dipopo,

You are doing a great job! But one thing you must get right is that you dont need to tell the populace that NOSPETCO scheme is somehow but you can help a lot of people by giving them hints on investment placement or scheme as you called it,becareful with your choice of words.

@ Mitchell

The firm is incorporated.

There is no proof that EFCC checked their books, it's only a rumour which has not been substantiated.

I am sure Ade is one of the readers of this blog and I believe he will make a comment on this topic soon.

men,i bow ooooooooh 4 this investment that pays over abt 110 percent a year.i want ur view on it,do you know whether the company is incorporated,plz can u link me with ade to give me the lolo asper the firm and it's operations.i know the man that controls the helms of affair there is one mr.maiyaki.plz furnish me with the firms profile and it seems legitimate if the EFCC has not found any misgivings abt the firm.i want to know.thanks

Hey Lanre,

Thanx for the comment!