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FEP members protest Credit Bank proposed purchase.

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AdongM01		#1 Posted : Wednesday, April 20, 2016 12:38:54 PM
Rank: Hello Joined: 4/20/2016 Posts: 1		Second consecutive loss-making Credit bank seeks additional investment from FEP. Something fishy in these two institutions that investors need to be wary of? CB overvalued, FEP making investment decisions without the knowledge of shareholders e.t.c. Read the rest here. http://www.businessdaily.../-/14d7n21z/-/index.html
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whiteowl		#2 Posted : Wednesday, April 20, 2016 7:13:35 PM
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove		FEP members are already shafted but one round of shafting is never enough. Let them go ahead and buy Credit bank.
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enyands		#3 Posted : Wednesday, April 20, 2016 9:52:30 PM
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya		As a non financial person this is how I see it 2014 loss of 1.4b FEP! 2014 loss by credit bank! 2015 loss/profit Fep?????(yet to know) 2015 loss by credit bank! Three losses and maybe potential loss.This math ain't adding up
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Spikes		#4 Posted : Wednesday, April 20, 2016 10:05:46 PM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		enyands wrote: As a non financial person this is how I see it 2014 loss of 1.4b FEP! 2014 loss by credit bank! 2015 loss/profit Fep?????(yet to know) 2015 loss by credit bank! Three losses and maybe potential loss.This math ain't adding up I was persuaded to join by some individuals but I rejected the idea. I have friends together with their spouses have invested millions of shillings in FEP. When the hammer of financial meltdown will fall I pity them how they will scatter. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Othelo		#5 Posted : Wednesday, April 20, 2016 10:49:24 PM
Rank: User Joined: 1/20/2014 Posts: 3,528		whiteowl wrote: FEP members are already shafted but one round of shafting is never enough. Let them go ahead and buy Credit bank. Yawa, have some wazua spirit with our shafted brothers. I was shafted by a pyramid scheme 78k in 2005 and i said NEVER AGAIN!!! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Obi 1 Kanobi		#6 Posted : Saturday, April 23, 2016 10:22:49 AM
Rank: Elder Joined: 7/23/2008 Posts: 3,017		Othelo wrote: whiteowl wrote: FEP members are already shafted but one round of shafting is never enough. Let them go ahead and buy Credit bank. Yawa, have some wazua spirit with our shafted brothers. I was shafted by a pyramid scheme 78k in 2005 and i said NEVER AGAIN!!! FEP is one of the biggest scams in Kenya. May be purchasing this bank is the best deal those FEP members can get, right now I can tell you that organisation is a mess, with ghost investments from here to Timbuktu. The only problem is once they acquire it, will they allow professional management to run it ama they will call on their religious board of Gorvernors to pray as money is lost. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Spikes		#7 Posted : Saturday, April 23, 2016 11:25:42 AM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		Obi 1 Kanobi wrote: Othelo wrote: whiteowl wrote: FEP members are already shafted but one round of shafting is never enough. Let them go ahead and buy Credit bank. Yawa, have some wazua spirit with our shafted brothers. I was shafted by a pyramid scheme 78k in 2005 and i said NEVER AGAIN!!! FEP is one of the biggest scams in Kenya. May be purchasing this bank is the best deal those FEP members can get, right now I can tell you that organisation is a mess, with ghost investments from here to Timbuktu. The only problem is once they acquire it, will they allow professional management to run it ama they will call on their religious board of Gorvernors to pray as money is lost. Most of my friends are members and they perceive their CEO as a hero. When I try to shed some light to them, I am always construed as a spoiler. According to the way they talk is like a majority have a limited scope of doing research and reading widely to get to deeper meaning of viability and feasibility of an investment. The problem of Kenyans is believing in big talks in theory without factoring in embedded risks on the investment and full magnification of the whole picture. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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bird_man		#8 Posted : Monday, April 25, 2016 2:53:37 AM
Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi		http://www.businessdaily...0/-/9xif3v/-/index.html Someone is trying very hard to dispose his wet shivering monkey to unsuspecting staff and diaspora guys.Hapa iko shida. Formally employed people often live their employers' dream & forget about their own.
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ndiwe84		#9 Posted : Monday, April 25, 2016 6:44:22 AM
Rank: New-farer Joined: 1/14/2016 Posts: 12 Location: here and there		The problem of Kenyans is believing in big talks in theory without factoring in embedded risks on the investment and full magnification of the whole picture. The above sentence best summarises the problem with most kenyans when it comes to fly by night investment ideas. You also forgot to add greed.
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kimugaman		#10 Posted : Monday, April 25, 2016 9:34:07 AM
Rank: New-farer Joined: 5/15/2015 Posts: 26		Is the FEP hotel in sagana complete? I think their website has old pics: http://www.fep-group.com/sagana-hotel/ Is it in operation? Has someone driven by?
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