More on Nospecto 2

Still on Nospetco, the latest news reaching me is that the company will be coming out of it travails bigger and stronger in January 2008.

Unconfirmed report has it that they have even registered their own bank to take care of payments of thier clients in an undisclosed name with the regulatory bank of Nigeria, the Central Bank of Nigeria (CBN).

With the new setup, investors will have the opportunity of either divesting, compounding their interest with the principal or divest altogether.

Recently the chairman of the company, Alhaji Yushau A. Maiyaki wrote investors of the company thanking them for their support in the company's darkest hour, the letter, the second written by the chairman since the problem started is currently posted on their website.

Please click on this links: www.valuedclients.net/cletter.htm to view the latest letter and www.imoisilis.com/search/label/Nospetco to read the first letter.

The letters is seen as a way of bridging the communication gap between the company and its clients since they can no longer do business peacefully in their Lagos office without angry investors distrupting their activities and harrasing their staff.

The company which is into Oil and Gas operating joint venture business with interested clients with a sharing pattern of 4.9% (40,000 naira) monthly for every 450,000 Naira invested in the JV.

The company have been having problems since April 2007 and has failed in meeting its own part of the JV for over eight months now.

imoisilis.com is set to feed you with the latest unfolding events of this great company which currently is holding the future of a lot of Nigerians in its hand.