NewStats: 3,264,407 , 8,183,623 topics. Date: Tuesday, 10 June 2025 at 10:41 PM 72a406382y |
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Seeing this thread on FP after over 15 years since it was first published feels so surreal. Just to put in proper perspective how far this thread have come, this thread came up at a time when it was a flex to use flip phones. When using a blackberry phone with trackpad was like using the latest iPhone, when blackberry OS and the Symbian OS of Nokia reigned supreme. If you were born at the time this thread came on Nairaland, you'd probably be preparing to enter the university. Exchanges on Nairaland were a lot less toxic than what it is today (The more reason I will probably not be engaging on this thread). This is a thread of my experience at the 2008 session of the healing school and the conclusions drawn based on certain facts which still remain very valid. I believe there a lots of revelations, claims and counter claims, drama and a ship load of opinions all woven into this thread over the last 15 years or so. May God give us wisdom to discern SirJohn: 9 Likes |
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Truthfullone19:Hi, how may I help you? 1 Like 1 Share |
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Kenyan28: Great to know you are well. Cheers! |
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donnie is that you? I mean the donnie I knew like 10 years ago? donnie: 1 Like |
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My brother Gooooombs..... long time, I dey jare Gombs: 1 Like |
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Gombs: Hmmm, who called my name? let me just laugh and move on. Listen to Benny at your own risk, dude has a penchant for telling lies that even himself can't believe ![]() 2 Likes |
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Most LPG gas tanks are designed not to explode, good quality LPG bottles are fitted with a safety relief valve to immediately release pressure from the tank when its pressure rises due to heat; I am yet to see a damaged LPG container due to explosion. in fact they can almost never explode, Yes that's true. Most cooking gas explosions are as a result of leaked gas into an unventilated space which ignites when fire is introduced. My advice therefore is, make sure you use a good quality cylinder and If you keep your gas cylinders indoors, ensure the space is well ventilated. 2 Likes |
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spongeisback: Just tell the guy to go listen to Timaya - Telli Person Feat. Phyno & Olamide, that's all I can say ![]() |
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Benblaq: Congrats! it means you have very low hypnotic suggestibility. For some people it comes natural while for some you work on your suggestibility by altering your belief system. 1 Like |
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olusola11:I'm no expert but why not stick to what has been tested, thats why you have a thread like this where you can read about different experiences which helps guide your decisions on which platform to invest in. Heres a link to their FAQs its your call finally http://assetmanagement.cordros.com//CMF-2023--2028-FAQs.pdf |
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peacengine: First things first, Q&A The National Pension Commission (“PenCom”) recently published/released the Amended Regulation on Investment of Pension Fund Assets for the Pension Industry. The new investment guideline introduces a multi-fund structure, which would replace the “one size fits all” structure that puts all active contributors into one Retirement Savings (“RSA”) Fund without consideration for age or risk profile of such contributors. What is the multi-fund structure? The Multi-Fund structure is a framework that aims to align the age and risk profile of RSA holders by dividing the RSA Fund into four distinct Funds. The current RSA Fund will be sub-divided into three separate Funds, while the RSA Retirees Fund would be the 4th Fund. What is the difference between the 4 Funds? The respective funds differ based on their overall exposure to variable income instruments such as equities (that is, Ordinary Shares) and the age profile of the . What are variable income instruments? Variable income instruments are investments that generate income or returns that cannot be pre-determined from the date the investments were made. In addition, the prices of such instruments fluctuate daily. Instruments in this category include Ordinary Shares, Collective Investment Schemes (“CIS”) such as Mutual Funds, Real Estate Investment Trust; Infrastructure Funds and Private Equity Funds. Such investments have potentials to generate high returns over the long term but could be risky owing to uncertainty and fluctuations in market prices and returns. What has age and risk profile got to do with how my pension funds are invested? In investing money, everyone has a limit to the amount of risk that they can take and the amount of uncertainty they can handle. This is known as risk tolerance. Typically, younger people tend to have more capacity for risk because they still have time to recover from loses (if any). Once a person is nearing retirement, it is advisable that they limit the amount of risks they take and reduce exposure to uncertainty as they would start drawing down on their pensions within a short period. Consequently, the allowable exposures to variable income instruments have been designed such that Fund I has the highest allowable limit, followed by Fund II, III and IV respectively. This reduces the risk and uncertainty of contributors in line with their ages. Can I decide which Fund Type to be assigned to? On the day of commencement, a default mechanism shall apply. According to the default mechanism, all active contributors that are 49 years and below would be placed in Fund II while active contributors that are 50 years and above would be placed in Fund III. Subsequently, an active contributor can make a request to his PFA to move between Funds subject to certain restrictions. An active contributor of 49 years and below can opt for Fund I, while an active contributor in Fund III may elect to be assigned to Fund II. However an active contributor in Fund III is not allowed to opt for Fund I while an active contributor in Fund II is not allowed to opt for Fund III. Fund III is strictly for active contributors above 50 years. To be assigned to any fund based on the preceding, an RSA holder must make a formal request to his/her PFA. How often can I move between Fund types? An active contributor may switch from one Fund type to another Fund type within a PFA, once in 12 months without paying any fees (subject to a formal application). Any additional requests for switches among Funds within a 12 month period by the active Contributor shall attract a fee, of an amount not less than a minimum value, to be determined by PenCom from time to time. When will the 12 month period start counting, will it be from the date of commencement or from the date of my first switch? PenCom will provide details on the 12 months period in the operational framework that would guide the transition to the Multi-Fund structure. Are there any benefits in this multi-fund structure? Of course there are. The new structure allows RSA holders more control over how their pension funds are invested based on their risk tolerance. For instance, an RSA holder in Fund III owing to the default classification based on age, may have more tolerance for risks and uncertainty and could opt to be assigned to Fund II. Can I be assigned immediately? No, PenCom is yet to provide the operational framework to guide the transition to the Multi-Fund structure. Once the framework is released, there will be proper guidance regarding when contributors can be assigned based on the default age classification. Contributors will subsequently have the option to be assigned to a Fund of their choice depending on their risk tolerance. Who takes the ultimate switch responsibility between the contributor and the PFA? Whilst the contributor has the right to switch between funds depending on his or her preference, the PFA will be responsible for effecting the switch upon receipt of a formal request from the contributor. The PFA is also in a position to provide financial advice to contributors to assist in assessing risk and making an informed decision. What are the impacts on my pension balance when my PFA moves into the multi-fund structure? The balance in your RSA will not change due to the movement to the multi-fund structure because the entire balance would be moved to the appropriate fund without charges. However subsequent growths in your balance would depend on contributions such as the mandatory monthly contributions, voluntary contributions as well as returns generated by the PFA on that particular fund. What is/are the requirement(s) for switching from one fund type to another? In order to switch from one fund type to another, a formal request must be submitted by the contributor to his or her PFA. Do I need to seek an advice from external financial advisor or my PFA before taking a decision to switch? Whilst you are at liberty to seek advice from external financial advisers, we would make information available on the fund performance and indices to enable you take an informed decision. If my date of birth is wrongly captured, which Fund Type will my PFA profile me? You still have the opportunity to check and update your records with your PFA before the commencement of the transition. Will I be able to move back to the preferred fund free of charge after my date of birth correction (especially when my date of birth was wrongly captured by my PFA)? Yes, you will be able to move free of charge given that a contributor has the option to move for free once within 12 months. However, you still have the opportunity to check and update your records with your PFA before the commencement of the transition. Can I split my voluntary contribution in a separate Fund Type while my mandatory goes into another Fund Type? Every RSA holder is entitled to only one Pin for all types of contributions. Consequently, your voluntary contribution will be in the same Fund as your mandatory contribution. Will the RSA and VC funds have separate fund price or the same? The RSA and VC will have the same fund price because they will be invested in the same fund the contributor selects. How will the Fund Prices under the Multi-Fund Structure be determined at the point of crossing over to the new structure and what would happen to the Old Fund Price and units? PenCom would provide guidance to how the fund price and units would be treated in the operating framework that would guide the transition. What are the multi-funds options for Approved Existing Schemes? Approved Existing Schemes are governed by the Board of Trustees who have the right to structure the portfolios in the best interest of the beneficiaries subject to PenCom’s approval. Consequently, the BOTs of contributory AESs can amend their agreements and restructure them along the lines of the Multi-Fund structure. What impacts does Multi-Fund structure have on my future pension assets at the point of retirement? The Multi-Fund structure provides more alignment between your retirement goals, risk appetite and age. Consequently, there will be a better chance for your pension assets to meet your expectations when you retire. Once an RSA holder makes a withdrawal such as 25% and then becomes unemployed, can he request that his funds be moved to another fund structure since no contributions are entering his RSA? The regulation does not restrict movements due to withdrawal of 25%. As long as the individual is below 50 years, the option is to switch between Fund I and Fund II. Is it possible for a client below 50 years to move to fund III? No, Fund III is strictly for active contributors of 50 years and above. If I decide to switch from Fund II to Fund I, can I switch back to Fund II? Yes, but it will be at a cost if you intend to switch back to Fund I within 12 months. Will I have access to the financial reports of other funds? The annual financial reports of the RSA Funds of all PFAs are published once a year in at least 2 national dailies. In addition, the fund prices would be published daily on the websites of the PFAs. With the new multi-fund structure, can I be given the option to choose which specific variable income instruments my funds can be invested in? No, the regulation only allows contributors to select a Fund, but the PFAs would continue to have the responsibility of selecting the specific instruments that the Funds would be invested in. Will the charge for moving between funds be deducted from the RSA or paid as a separate amount in to the bank? The charge would be deducted from the RSA balance of the contributors. 1 Like |
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zamirikpo: This should give you an idea of how the trend has been. Our worst years were 1996 (40%) and 2006 (>25%) while our best period in recent years are between 2013 and 2016 when we remained on single digit. Things got bad again from 2016 but we are gradually getting better. The idea is to spread your risk, dont put all of your eggs in one basket. Have a realistic plan and a goal, just it is not MMM so its slow and steady. 4 Likes 3 Shares |
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One thing I have noticed with Nigerians is "herd mentality" everyone wants to do what everyone thinks is the right thing without doing their analysis. I have had debates for years with people on why they should not have a 'one size fits all' approach to real estate investment but its amazing how a lot of people think you don't know what you're talking about. For them, since everyone is buying land and building, then they have to do the same. I have heard baseless comments like 'Land always appreciates', 'house always appreciates' and they fail to understand that it all depends on some factors. Anyways, its best to spread your risks, manage your expectations with real estate cos a lot depends on your ability to speculate correctly. I am a fan of liquid investments 6 Likes |
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ahiboilandgas: Bros which part of Nigeria did your friend build duplex for 7m in 2015? 1 Like |
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Miders: Its all a matter of choice Sir |
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Miders: In your scenerio you have made the assumption that both investments have same interest rate right? But in the practical , TB has an advantage with fixed rate for the 365 days period and interest paid upfront. For MMF, interest rates may keep fluctuating and this affects your yield. Rates were well over 18% as at October 2017 but right now it has gone as low as 12%. So say for instance the guy who invested in TB at 17% for 365 days in October 2017 has an advantage over the guy who invested in MMF at 18% around the same period cos the TB rate of 17% is locked down for him while for MMF its not. I'm not a guru but I think this explains it 1 Like |
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Anas09: SirJohn is alive and strong, been watching from the sidelines. Some of the topics we brought to the fore and debated hotly on NL several years ago later became household topics of discussion. 'Tithing' was one of them, I believe every thought on tithing was treated on NL before Freeze made it a national issue. I'm glad that the age of time did what most of us coming together on NL could not do, many things just unravelled on their own. Good ol' days mehn!!! ![]() 3 Likes |
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Hmmm, nearly a decade and this thread is still causing sleepless nights? ![]() ![]() 3 Likes 1 Share |
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Several years on, I'm glad this thread is still opening eyes. I still stand by every word ![]() 8 Likes |
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Hey Guys longest time! been away from the religion section, in fact, I've only been showing up as a guest on NL ![]() ![]() Lots of important things to do jooor; been having a blast with fatherhood jare Candour four mentions from your post on the 500k pledge. . . Errmmm!! NO COMMENTS ![]() Gombs, Joagbaje, Goshen360, et al I hail o peace! 1 Like |
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My brother, the matter tire me honestly ![]() Its unfortunate how low so called Christians will go just to protect some already battered ego. Too bad he can't wriggle out of this one #joagbajepayupyourdebt trustman: 4 Likes |
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Joagbaje: Joagbaje, there's nothing to argue here, this case is closed. The hospital denied having the HIV- result that you and Jeff claimed they had, what more do you need? You were not intelligent to spot the holes, I did that for you and even gave you a wonderful opportunity to learn a thing or two, if pride will not let you see your ineptitude, then I think I should just leave you to your folly. Please let that woman's case be, neither you nor myself can prove who is lying because the conversation was not recorded. I have all of Jeff's recording and I sent some to you and you confirmed he was lying. I have no doubt the woman also may have lied to you like Jeff did. You need to really ask yourself why your so called are lying to you, don't try to blame me for your gaffes. No matter how you try to twist this one, it will be there to sting you for as long as you can imagine. Thanks #joagbajepayupyourdebt 5 Likes 1 Share |
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Joagbaje: You started posting the link to the purported healing as early as August last year, the chat you sent to Jeff asking him to clarify if he was the one in the video was sent in September this was after someone here on NL had already started raising dust about the video. You only bothered to find out because questions have already started flying round. the video was your first error and you already itted here on NL and even apologized for the misrepresentation Joagbaje: I laugh at you! You didn't know when I started my investigation and how far I had gone. I brought you in when I was certain that your Jeff was playing a game, this was after over a month of speaking with him. I sent you some of the recordings so I'm sure you listened to how very cordial our conversations were; you also confirmed from those recordings that your man lied several times. Yes, we got the medical report that confirmed him HIV+ and the hospital also confirmed that there IS NO RECORD OF A HIV- RESULT FOR JEFF WITH THEM. Recall that you and Jeff claimed you have results from three hospitals, well, one of the hospitals already denounced your claim, that leaves us with two right? Jeff was unable to provide the reports from the other two hospitals even after you kept doling out money to him and he kept lying to you with on story today and another tomorrow. Was it not one of your pastor and I that stopped you from further wasting money on the guy? Maybe you should also tell everyone why he later escaped when he heard he would be taken for a fresh test. It was my investigation, I had already gotten my facts and only brought you in to confirm the obvious which thankfully you did. I had may facts as early as September, I was even taunting you on some of my posts to give you a hint that I was doing an investigation but you were not smart enough to see it. At a time, one Boss13 was even raising alarm about the video when he noticed discrepancy, that was when you started ing Jeff to know if he was the person in the video. Joagbaje: As for your statement in bold, stop twisting my words Jo, I know exactly what I said and I dare you to quote where i made the statement without altering any part of it ![]() The case of the 'blind' woman is still very fresh in my memory, the Jeff case finally vindicated me and showed who was lying all along. The woman told me she wasn't blind, you claim she told you she was; well have you asked yourself if this is not another Jeffgate? It was because of this woman's case that I decided to close all gaps with the Jeff case and it worked. I proved beyond doubt that Jeff was not healed, the onus is on you to prove otherwise. produce his HIV- result or keep silent and pay the debt you owe. Thanks 6 Likes 1 Share |
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So you're not ashamed to still show your face here right? You are the one who is dishonest, you never denied any of the facts I put out there. Your claim was debunked and that was what the challenge was all about. Whether or not you intentionally manipulated the whole thing is left between you and your god. There are a million questions still begging for answers in this jeffgate and I know you can't answer them. You already itted that you made a mistake and that this was Satan's attack on your ministry. If you don't mind, please tell the world how I am dishonest. You should rather be hiding your face in shame for being so unintelligent to be fooled by the person of Jeff, that is if actually you were not in on the whole thing. Please post the link to where I owe you and I will pay up Joagbaje: 1 Like |
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Gombs: It was wise counsel for you to jettison the move. Honestly you would have hit the rocks Gombs: Yeah why not, wouldn't be a bad idea having a chat over a cup of hot cappuccino, life is beyond Nairaland and the sooner anyone understands this the better. Gombs: The concept of coercion here was a figment of Joagbajes imagination, he sold the idea to you and sadly you bought into it. That sms to Jeff was sent on the 17th of November, this thread had already reached page 13 at that time, he had eloped from Mikes residence and stopped cooperating. Even Jo couldn't get him to talk again, I had to lure him with a reward since we realised he loved money and had already made Joagbaje part with some cash. It took my intervention and that of Mike to stop Joagbaje from giving him more money. Joagbaje has a lot to thank me for; common sense is not that common after all. Thanks Buddy! 2 Likes |
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Bros, you couldn't have said it any better; I probably shouldn't have bothered replying the shameless bunch. I want to see how they plan to wriggle out of their mess. Candour: |
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So gombs, show me how you came about your 'coercion' theory or didn't Joagbaje show you this convo between me and him where I told him why I made Jeff an offer? Or maybe Joagabje should tell us why a member of his church who was supposedly healed of HIV have refused picking his calls ![]() Or better still can you explain why Jeff absconded when he was told a fresh test would be conducted on him Maybe still he should also explain how either he or Mike was replying me from Jeffs phone even when they claimed that he had absconded and that they could not reach him. If you claim the investigation isn't over, can you please explain why the hospital that Jeff claimed to have tested negative denied having any such record? what more do you need to trash his claim?
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SirJohn: Okay where were we? Ah, I've attached my conversation with Jeff including the one gombs was alluding to in order to sell his 'coercion' nonsense. Please sit back and digest the convo, I'll be back to give details. ^^^Please note the dates in the conversation^^^
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Hmmm, is 'coercion' the new mantra for fighting a lost cause? ![]() I will address it in a moment 5 Likes |
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