If it's same Denn that I know,... I think he's an ex-banker, so all these financial terms should not be strange to him.
But I think the op should explain himself better... What percentage of the total cost of the car are you expecting before the car could be released to the saver.?

OluchiDelly:
If it's same Denn that I know,... I think he's an ex-banker, so all these financial terms should not be strange to him.
But I think the op should explain himself better... What percentage of the total cost of the car are you expecting before the car could be released to the saver.?

Nothing to explain really. This thing is a pyramid scheme and hence fraudulent.

uokocha70:


Nothing to explain really. This thing is a pyramid scheme and hence fraudulent.

The scamming multi level marketer knows it is a scam that is why he resorted to bickering.

Let him explain in clear terms how a N25k application form would give a potential customer funds to buy a brand new car in a few months.

GOLDMINE LIBERTY CONCEPT LTD

WHO WE ARE
GLC is a professional mentoring centre for empowering and mentoring entrepreneurs who are aspiring to become business owners.

OUR VISION
To raise and empower 1million entrepreneurs who will compete globally in building a thriving businesses.

(As at July 2015, we have raised 1,000 plus. This was reported in the Vanguard newspaper of  July 10th, 2015. As at date, we are on 5,000 plus. Copy of the Newspaper attached)

OUR MISSION
To raise a special breed of visionary entrepreneurs that will be financially and mentally equipped to own world class businesses as we mentor, coach and empower them.

PURPOSE OF PURSUIT
GLC has developed an integral platform to provide seamless independence to FINANCIAL FREEDOM through CROWDFUNDING, COOPERATIVE, BUSINESS SCHOOL and FREE SKILL ACQUISITION for the populace.

In GLC, we are professionals in helping business minded individuals to raise CAPITAL within a short period of time to start-up or expand their existing businesses.

BRAND PROMISE
Financial freedom for all passionate members that work with the vision of the company.

WHAT WE DO
- Raise entrepreneurs.
- Empowering them financially.
- Mentoring & helping them to build world class businesses.
- Grooming them to become world class business owners.

OUR PROGRAMS/PACKAGES -
1. GLC mentoring programs ( Over 15 courses are offered for free to members. Non members pay high fees to participate.)

2. GLC Skill acquisition and Training centre.

3. GLC Resources Library. ( both hard copy, audio and e-copy are available)

4. GLC Home ownership scheme plan. ( Here members can use there funds made from GLC to settle property for ownership between 5 - 10 year while they are already leaving in it)

5. GLC Charity work. We do charity work to orphanages, etc every month. The choice of place are determine by members but sponsored by GLC as a cooperative social responsibility.

6. GLC Car Savers Scheme plan. ( with just 25k down payment you can ride your car in 6 months. You earn 200k in the first month also. Then you wait for your points to accumulate for your chosen category to get the car of your choice.
Categories of cars are -
A - 12m - thru 8,000 points.
B - 7,5m - thru 5,000 points.
C - 3,3m - thru 2,200 points.
D - 1,8m - thru 1,200 points.
E - 900k - thru 600 points.

No other form of payment is required.

7. GLC Multipurpose Cooperative. ( this is a registered cooperative where members of the cooperative could assess loans twice the amount of their savings in the cooperative at a little or no interest)

8. GLC Prepaid ATM Card. (Produced by FirstBank for all GLC members. Here members can load their GLC funds or other monies and also withdraw thru it or to buy things thru the POS in this cashlite economy)

9. GLC Business School. (This is in partnership with Lagos Business School and branded/ supported by Access bank, Diamond and Gtbank)

10. GLC Business plan challenge grant. (Successful business plans access between 200k to 1m free capital grant to bring their plan into reality)

11. GLC Crowdfunding packages.
This includes -
> Students Delights - 3k to raise 30k in estimated 14 days.

> Hallmark fund - 4k to raise 1.6m in estimated 6 to 7 months.

> Premium fund - 12k to raise 450k in estimated 60 days

> Cars Savers scheme - 25k to save for your car in estimated 6 months. You also get 200k in the first month.

> Classic fund - 56k to raise 1m in estimated 60 days.

> Prestige fund - 64k to raise 7m in estimated 5 months.

> Elite Fund - 160k to raise 16m in estimated 5 months.

Note -
(1. The payment are a one-time payment for a chosen package.
2. Everybody brings in 4 donors  each to the same package you have choosing for yourself as a result of your plans and projects, to form the crowd funding process.)

12. GLC Wazobia package - here with 5,200 you can buy foodstuffs worth 17k.


CERTIFICATIONS -
We are registered with CAC and Lagos State cooperative. This could be verified.

Our books of accounts is registered at the EFCC . 
Our payments commitments  of twice every month (1st and 15th every month) to members is also monitored by the same agency.

The agency also ensure that the monies are not for investment purposes but safe for crowd funding process as stated in function and purpose of the company.


WEBSITE
**hidden**


CONTACT
Oladapo Akanbi
GLC Brand Ambassador
Whatsapp - **hidden**
Email - **hidden**


Oladapo Akanbi has 15 years work experience in the financial service industry, with specialization in the areas of Credits, Investments, Mortgage, Cooperative and Risk Management.
After 10 years stints in 3 major banks in Nigeria, he is now into Structured Finance and Real Estate Consultancy for 5 years now in his own setup, Ifybeth Group.

Akdams:
Some are condeming without even know what, how or where. What a blind society!!!

Some are already asking intelligent question.

Some have started the process.

Whichever of the some that you are , its your choice.

Nobody is or will be begged to be successful because destiny can not and will never be share.


Just my 2 coins of advise.

25,000 Down payment and get 1.something million in 4 months. No collateral no referall.

What is in it for you?

Our Prepaid ATM card produce by First bank customised for members.

Everybody brings in 4 donors each to the same package you have choosing for yourself as a result of your plans and projects, to form the crowd funding process....

What other definition of pyramid scheme do we need?

For point of emphasis, I would copy a part of the Wikipedia page on pyramid schemes in my next post.

The cooperative ATM card, sponsored newspaper publication, story on efcc auditing their books monthly are all cloaks of perceived legality to cover the real deal....

These scammers are new comers. People who had real income ten years ago would remember nospecto and co....they are all the same.

Caveat emptor guys

https://en.m.wikipedia.org/wiki/Pyramid_scheme


The unsustainable exponential progression of a classic pyramid scheme
A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.

Pyramid schemes have existed for at least a century in different guises. Some multilevel marketing plans have also been classified as pyramid schemes.[1][2][3][4]

Concept and basic models Edit

In a pyramid scheme an organization compels individuals to join and make a payment. In exchange, the organization promises its new members a share of the money taken from every additional member that they recruit. The directors of the organization (those at the top of the pyramid) also receive a share of these payments. For the directors, the scheme is potentially lucrative—whether or not they do any work, the organization's membership has a strong incentive to continue recruiting and funneling money to the top of the pyramid.

Such organizations seldom involve sales of products or services with value. Without creating any goods or services, the only ways for a pyramid scheme to generate revenue are to recruit more members or solicit more money from current members. Eventually, recruiting is no longer possible and most members are unable to profit from the scheme.

Personal text: I try to be positive and witty but can also be the opposite. I stand for what I believe in and never follow the crowd. I am me.
Gender: m
Location: lasgidi
Website: Denn Auto World
Twitter: @DennAutoWorld
Time registered: August 12, 2009
Time spent online: 2 months & 15 days
Signature: follow my blog at www.dennautoworld.com
Last seen: 11:14pm On Feb 23
View Denn's posts (1884) | View Denn's topics (39)
Sections Most Active In: Car Talk, Autos, Agriculture


That's your profile up

@Denn....den of what sef. There is a movie called Zootropolis. May be you need to watch and possibly change your this afterwards.

As a business and financial analyst, I have taken time to study your profile. And I found out that you do not even worth the pinch of salt that I thought you would. As such it would amount to a waste of economic time talk about investment with you.

Since 2009 you joined Nairaland, all your 39 personal post and 1884 comment had been on .......you can check it for yourself.
How come you become financial analyst all of a sudden. Even if you are an ex-banker like someone said. Maybe your dept in bank then was General services, etc.
because how come with your financial matters knowledge , not a single thread was opened or comment in this regard.

Or have forgotten what you ve learnt over the years.

Anybody can copy definitions and explanations from google . even a Non professional.
But the interpretation is where the knowledge is.

Have also found out you cruticize a lot thru your Nairaland history yet you are yet to proffer a single solution on socioeconomic issues except on Auto and selling of cars. Even on those thread I can list a handful of people you have attacked.

Someone asked you on one of the thread that must you make comments. That's to show how terrible.

And am asking you too "must you make comment"

Mr. Scammer dictector, Inspector, FBI

As a colleague in the same industry (as they said) it will amount to a disgrace if you continue to exhibit such folly as a professional.

Like in the bank , we always say "if you do not understand, do not proceed but ask question." So that foolishness would nor be exhibited.

So get yourself a financial consultant.

This maybe my last comment on you.
Am a very busy person.

I rest the case.


Intelligent questions and opinions please.

Akdams:
Personal text: I try to be positive and witty but can also be the opposite. I stand for what I believe in and never follow the crowd. I am me.
Gender: m
Location: lasgidi
Website: Denn Auto World
Twitter: @DennAutoWorld
Time registered: August 12, 2009
Time spent online: 2 months & 15 days
Signature: follow my blog at www.dennautoworld.com
Last seen: 11:14pm On Feb 23
View Denn's posts (1884) | View Denn's topics (39)
Sections Most Active In: Car Talk, Autos, Agriculture


That's your profile up

@Denn....den of what sef. There is a movie called Zootropolis. May be you need to watch and possibly change your this afterwards.

As a business and financial analyst, I have taken time to study your profile. And I found out that you do not even worth the pinch of salt that I thought you would. As such it would amount to a waste of economic time talk about investment with you.

Since 2009 you joined Nairaland, all your 39 personal post and 1884 comment had been on .......you can check it for yourself.
How come you become financial analyst all of a sudden. Even if you are an ex-banker like someone said. Maybe your dept in bank then was General services, etc.
because how come with your financial matters knowledge , not a single thread was opened or comment in this regard.

Or have forgotten what you ve learnt over the years.

Anybody can copy definitions and explanations from google . even a Non professional.
But the interpretation is where the knowledge is.

Have also found out you cruticize a lot thru your Nairaland history yet you are yet to proffer a single solution on socioeconomic issues except on Auto and selling of cars. Even on those thread I can list a handful of people you have attacked.

Someone asked you on one of the thread that must you make comments. That's to show how terrible.

And am asking you too "must you make comment"

Mr. Scammer dictector, Inspector, FBI

As a colleague in the same industry (as they said) it will amount to a disgrace if you continue to exhibit such folly as a professional.

Like in the bank , we always say "if you do not understand, do not proceed but ask question." So that foolishness would nor be exhibited.

So get yourself a financial consultant.

This maybe my last comment on you.
Am a very busy person.

I rest the case.


Intelligent questions and opinions please.

focus on the subject.

we know your type. when perverts like you have been caught hands down, you resort to personal diatribes.

i will not let you degenerate this discussion into that.

why are you promoting a pyramid scheme business model when its business ideals are notsustainable?

this is an mlm scheme and it is against the rules of this forum.

seun and other mods....this is fya lest this turns into another chucky234 and inspiredm thread

Rule 16: Don't promote MLM schemes or other questionable schemes on Nairaland.