Latest on Treasureline Interlink

For Treasurelink Investors the end of the long wait might soon be over judging from information gathered from the Chairman/MD of the company, Dr Waliu Oyeniran Oyeleke last week in Lagos to imoisilis.com

The discussion covered several issues centering on the crises, formal registration of the organization with Security and Exchange Commission (SEC) (click on the image above), a peep into the future operation of the company and investors’ security.

More insight was given to the alternative investment plan for its current and new operators as mentioned earlier on this site: http://www.imoisilis.com/2008/01/sec-okays-treasureline-businessday.html

The new investment scheme called UNIT TRUST SCHEME (UTS) requires 50,000 Naira to start with a 28% annual Return on Investment (ROI).

The ROIs which will be paid quarterly i.e. four times in a year will be in the following order:

1st Quarter - 10%
2nd Quarter - 8%
3rd Quarter - 6%
4th Quarter - 4%

However this is likely to increase in subsequent years.

The new scheme will see investor’s slots changing into units in line with the company’s new position.

Current Treasurelink investors with investment less than the required start up capital have an option of either summing up the balance or withdrawing out rightly.

Investors whose current investment is above the start up capital will have their investment transferred into the new set up and issued a UTS Certificate that can be traded incase of a divestment.

The new company which is expected to take off soon have recently recruited a new management team to man its new operations and is also partnering with First Registrars, Revelation partners, Balogun Badejo Company (Chartered Accountants) and Osafemi, Soetan, Adeleke & Co (Auditors) amongst others to move its business to the next level.