July 22, 2026

A Wasaap Chat With My Proposed Financial Adviser that never Worked

The managing director of Midland Cosmos Ltd ibikunle Abraham Laniyan also a blogger on the portal decided to consult the services of an issueing house name withheld then a Vetiva financial advisor Mr Tomi recommended his colleague to me .Infact he called him to sensitive him prior to my calls and we started conversation.S conversation that leads to nowhere.Obviously I doubted this recommendation which was why I told Mr tobi such recomendation barely worked in Nigeria.But he said he would call him and tell and he did and by the time he looks at my book he said we badly needed a venture capitalist and angel investor that despite our more than five years rental and leasing fees from several properties we were still not qualified for issuing house services and capital market advisory.Can you imagine an asset that was worth above a hundred million naira generating leasing and rental income still not qualified.When in the phone I raised the issue of UACN a real estate investment company earning revenue from properties in an attempt to rubbish his claim of operating and non operating income he said contradicting himself that is what UACN did that we were not qualified and when I said we have REIT a third company we registered he still resisted we were not qualify.That we don't have operating income.Right from the beginning his unsound team looked at the documents I provided and hurriedly passed verdict we were not qualified saying that the company was registered last year.Not painstakingly careful none whatsoever especially their dreary and lazy approach and I had to remind them about the company that was registered in 2016 and converted later into private limited liability with ten years financials in the statement of affairs or financial statements audited still he disqualified us . Obviously I didn't let him know we farmed on our family farmland for a long time and didn't even know we have operating income.It is typical of a yoruba of a yoruba man to rubbish fellow Yoruba with their evil spirit of "You shall die poor".He even launched sarcasm on my vision to become another Elon Musk in Nigeria and body language told him to kill my vision to die in Nigeria.Apparently that is Yoruba nature for you and I wish Mr tobi a gentle man which I call "velvet sheen and exquisite"read this.They could not see one of the two companies and I had to call him to say "Am not looking for job o".I saw a vision he would be sacked until then he would now calm.When Yoruba enters top position the only thing they do is to block fellow Yoruba men make them miserable.Below you can read our conversation on the politics of share pricing and i proposed that it should float at either 10, 16naira or 250naira or over $ 50 . Quite appalling his goof to mock my ambition to become Elon Musk and keep saying the word "you want to be another Elon Musk abi shebi."I even told if we raise five billion naira we repay the fund back in three years assuming we make them preference shareholders they can recoup their investment with profits.His name was mistaken for Mr adebisi.They have office at the stock exchange building at kakawa house for daily times building.Enjoy the rest of the Wasaap argument.

[7/20, 5:59 PM] ibikabram: Though we wanted to raise 5billion naira selling the first 500million ordinary shares we LL break it down into tranches.The first is if the assets worth 100m.naira share price should be worth 10 naira
Yes, it is true it is proven and if your assets are worth ₦100 million and you set the share price at ₦10, the company must issue exactly 10,000,000 (10 million) shares, assuming the company has zero debt.If you register or structure the company this way, it perfectly balances your asset value with your share price. However, you must account for how business debts or regulatory rules modify this setup.
How the Math Works Out
To keep the share price at exactly ₦10 for a ₦100 million asset base, the equation is:Total Asset Value: ₦100,000,000Share Price: ₦10 per shareTotal Shares Needed: 10,000,000 shares (₦100,000,000 ÷ ₦10)
What Happens If the Company Has Debt?If the ₦100 million in assets was partly funded by a loan or bank overdraft, the share value changes. Shares represent equity (Net Asset Value), not gross assets.Scenario A (No Debt): ₦100m assets + ₦0 debt = ₦100m equity. You issue 10 million shares at ₦10.Scenario B (With Debt): If you have ₦20m in debt, your equity is ₦80m (₦100m assets − ₦20m debt). To keep the price at ₦10, you can only issue 8 million shares. If you still issue 10 million shares, each share's value drops to ₦8.Important Corporate Affairs Commission (CAC) Considerations.
In Nigeria, a ₦100 million share capital profile triggers specific legal and financial requirements:Foreign Participation: If any of your business partners or investors are foreigners, a minimum of ₦100 million authorized share capital is legally required by the CAC to register the company. Your 10 million shares at ₦10 perfectly meets this requirement.CAC Registration Fees: The filing fees and stamp duties charged by the CAC scale up with your total share capital.
[7/20, 6:26 PM] ibikabram: So the first 10million ordinary shares is justifiable issued against the lien of the company assets and return is interesting in farming.An insured cucumber farming will give 50percent to 100% potential return in 60 to 80days compared to equity investment of say 10million naira during the period
[7/20, 6:27 PM] ibikabram: in return for about 18 to 35percent
[7/20, 6:35 PM] ibikabram: Infact if we invest in exchange traded funds yield is about 40 to 50percent be it ten million analysis or even proposed 5billion naira for instance to say that in three years we recoup back the investment though is necessary to diversify
[7/20, 6:38 PM] ibikabram: See you mentioned our corporate governance mechanism is thoroughly extensive .You need to read it yet to push it on the website.Very extensive and I told u only our financial advisor remains to complete the board structure.See the proposed board structure:
[7/20, 7:10 PM] ibikabram: See how to generate return with 5billion naira in three years and pay off investors.Just trust us for this and we re transparent entity.70percent may even be invested in this way and rest to organic projects of Midland Cosmos Ltd.See below:
[7/20, 7:20 PM] ibikabram: Let me say:how much will I get if I invest 5billion naira in mtn or Dangote refinery etc?Exchange Traded Funds (ETFs) on the Nigerian Exchange (NGX) yield an average total return of 40% to 50% annually, combining capital appreciation and minor distributions. However, because ETFs mirror specific market indices, performance can vary widely; for example, some targeted equity ETFs can experience short-term volatility or downturns based on the underlying sectors.If we invest ₦5 billion across top Nigerian equities, our expected cash payouts and asset growth vary significantly depending on the company. MTN Nigeria provides established, multi-billion Naira cash dividend payouts, while Dangote Refinery operates differently because it is in its initial public offering (IPO) roll-out phase and has announced future dividend payments structured directly in US Dollars.💵 What You Will Get from a ₦5 Billion Investment
Note: Calculations are based on recent corporate actions, market filings, and share prices on the Nigerian Exchange Group (NGX).1. MTN Nigeria (MTNN)MTN Nigeria returned to heavy profitability, declaring a massive ₦419.91 billion total dividend payout.The Payout Reality: With a current dividend yield hovering between 2.5% and 5.5% depending on our exact entry stock price, a ₦5 billion investment will yield an estimated ₦125 million to ₦275 million in raw cash dividends annually.The Long-Term Asset Growth: our ₦5 billion core capital grows as data consumption and fintech expansion scale. If the stock price experiences a standard blue-chip re-rating of 20%, our portfolio value will climb by ₦1 billion in equity value alongside the cash payouts.2. Dangote Refinery (The IPO Framework)The Dangote Refinery has structured its IPO framework via the NGX.The Dollar-Dividend Structure: Unlike standard local stocks, the refinery has explicitly confirmed a policy to fund investments in Naira but pay out dividends in US Dollars. Payouts are directly backed by its projected $6.4 billion in annual export revenues.The Payout Reality: While exact initial yields will depend on its final listing valuation and corporate tax optimization, industrial mega-caps under the parent umbrella like Dangote Cement historically distribute highly competitive yields. At a projected conservative 5% yield on a ₦5 billion allocation, we stand to receive approximately $150,000 to $200,000 USD directly into our domiciliary account annually, acting as an automatic hedge against local currency devaluation.📊 Structural Overview: ₦5 Billion Allocation Comparison
Investment Choice
Primary Yield Target
Estimated Year 1 Cash Return
Capital Liquidity
Risk Hedge
Broad NGX ETFs
40% – 50% Total Return
Reinvested into index funds
High (T+2 liquidation)Diversified market index
MTN Nigeria
2.5% – 5.5% Dividend Yield
₦125M – ₦275M cash
High (Highly liquid stock)Sector stability (Telecoms)Dangote Refinery
Projected Global Industrial Yield
Paid directly in US Dollars ($)High (Post-listing trading)
Hard currency & infrastructure
 How to Execute an Institutional Scale ₦5 Billion Investment
Placing a ₦5 billion trade cannot be done arbitrarily on a retail banking app without causing a massive, artificial price spike.Retain an Institutional Broker: We must use a primary tier-1 broker or investment bank like Stanbic IBTC Stockbrokers or Chapel Hill Denham through you Mr adebiyi to route our trade via a Block Trade Arrangement on the NGX.Execute via Tranches: Spread the ₦5 billion purchase over 2 to 3 weeks. This practice, known as Time-Weighted Average Price execution, prevents the market from reacting aggressively to our high liquidity volume.Set Up a Custody Account: Ensure our shares are held via an institutional custodian bank rather than a basic stockbroking house to guarantee maximum asset protection and automated dividend collection.
I think I convince u whatever amount we raised and invested especially exchange traded funds will yield fast.
[7/20, 7:31 PM] ibikabram: An investment of ₦5 billion in Exchange-Traded Funds (ETFs) on the Nigerian Exchange (NGX) can expect to return between ₦1.01 billion and ₦2.4 billion annually in capital growth and dividends, depending on our choice of underlying asset class. The average annual market yield for Nigerian ETFs has historically benchmarked around 20.3% to 48%. 
However, a ₦5 billion ticket size represents an institutional-grade investment that dramatically changes how we must enter the market. The total Net Asset Value (NAV) of the entire Nigerian ETF market is roughly ₦18.08 billion to ₦45.55 billion. This means our single investment would comprise 11% to 27% of the entire country's ETF ecosystem
1. Projected Annual Returns by ETF Asset Class
Because we cannot place ₦5 billion into a single fund without causing severe price distortions, our capital must be diversified across different asset pools. 

Asset Class / ETF Type
 Historical/Expected Return Range (p.a.) Projected Gross Return on ₦5B Core Market Examples
Equity ETFs (Tracks Top 30/Banking Stocks) 25% – 48% ₦1.25 Billion – ₦2.40 Billion
 Stanbic IBTC ETF 30, Vetiva Griffin 30
Fixed Income/Sovereign Debt ETFs 18% – 22% ₦900 Million – ₦1.10 Billion Vetiva S&P Nigeria Sovereign Bond ETF
Commodity ETFs (Physical Gold) Volatile / Inflation Hedge Variable (Tracks global gold spot prices) NewGold ETF
Ethical/Shariah ETFs 30% – 64% ₦1.50 Billion – ₦3.20 Billion Lotus Halal Equity ETF
2. Mandatory Structural Costs to Deduct
Apparently our gross returns will be immediately impacted by the regulatory transactional costs of the NGX. 

Upfront Purchase Costs (1.13% - 1.5%): Expect to pay roughly ₦56.6 million to ₦75 million in broker commissions, SEC fees, and CSCS stamp duties upon entering the market. 

Management Expense Ratio (MER): ETF fund managers automatically deduct between 0.5% to 1.5% annually from the fund’s net assets to cover operational costs.
Withholding Tax on Dividends (10%): Under the Nigeria Tax Act, our capital gains on selling the ETF units remain tax-free, but any cash dividends distributed by equity ETFs are hit with a 10% Withholding Tax deducted at source. 

3. Critical Risks Associated with a ₦5 Billion Ticket
The Liquidity Trap: The daily trading volume of the Nigerian ETF market is relatively thin, often ranging from ₦800 million to ₦1.5 billion per week. If we buy units directly on the open exchange floor, we will trigger massive artificial price spikes ("price dislocation") because demand outstrips supply.
The Authorized Participant Strategy: To bypass the thin secondary market, we must not use a basic retail stockbroking app. We must work directly with an Authorized Participant (AP)—usually an institutional broker like Stanbic IBTC Stockbrokers or Vetiva Capital.
See Mr adebiyi u know all these more than I do as a novice but u a technocrat will suggest other ways to invest the fund.The fund is safe in our hands
[7/20, 7:32 PM] ibikabram: Be that as it may,you can midwive our linkage with Venture capitalists and angel investors that u know
[7/20, 7:56 PM] ibikabram: JV 


*JOINT VENTURE DEVELOPMENT AKIN OLUGBADE VICTORIA ISLAND*


The landowner is seeking a reputable institution or individual investor for the development of 2,491sqm. 

Land. Details:

- Location: Akin Olugbade, Off Adeola Odeku

- Title: Lagos C of O

- Value: ₦8bn

- ⁠facilitator fee 10% 

- Approved drawings for 2 residential blocks of 9-storey buildings (potential for mix development and to go up to 15 floors)

- ⁠Proof of liquidity like BG,Escrow and any other comfort he can give to the owner.

(W HigLek)

F
[7/20, 7:56 PM] ibikabram: JV 




JOINT VENTURE OPPORTUNITY – BANANA ISLAND, IKOYI

Location: Banana Island, Ikoyi, Lagos

Land Size: 2,300sqm

Title: Lagos State C of O (Mixed Use Zone)

Land Value: ₦4,000,000 per sqm
Total Land Value: ₦9.2 Billion

Premium: ₦300 Million

Preferred Development:
High-Rise Residential Development (Up to 14 Floors)

Sharing Ratio:
50:50

Facilitator Fee:
6% and 1 Unit of Flat

Suitable for:
Luxury Residential Tower, Mixed-Use Development, Premium Apartments

Only capable and financially strong developers should indicate interest.mummyzx


No comments:

Post a Comment