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FEP members protest Credit Bank proposed purchase.
Rank: Hello Joined: 4/20/2016 Posts: 1
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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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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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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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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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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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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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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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Rank: User Joined: 1/20/2014 Posts: 3,528
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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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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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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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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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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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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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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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Rank: New-farer Joined: 1/14/2016 Posts: 12 Location: here and there
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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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Rank: New-farer Joined: 5/15/2015 Posts: 26
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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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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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I was once asked to verify this company and I advised someone not to bother hiring for that job. My rule of thumb is very simple really. Every time you start a business meeting 1. Starting with a prayer and a Jesus song 2. Filled with interludes of more prayer and Jesus songs 3. Finished with a prayer and another Jesus song Don't bother looking at the books. I know I'm hating but in Kenya, that's just the truth of the matter. Each and every ponzi followed the 3 AGM schedules of activities mentioned above. Near the end everyone was told, don't believe the haters, trust us. My humble uneducated opinion is business is business and math don't lie. None of their projects and I mean none has done anything. Now you want them to run a bank? Even the CBK governor knows how hard that is that he's even offering motivational speeches on Twirra. Poleni but here we go again. Thieves are not good people. Tumeelewana?
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Rank: Member Joined: 5/28/2014 Posts: 149 Location: Nairobi
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Lol. I heard that the media staff (Fountain Media) were given a chance to buy the media company, or media company shares or something. They were excited by the idea of owning a media company. I didn't get that at all. When you live for others' opinions, you are dead.
- Carlos Slim Helu
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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alma1 wrote:I was once asked to verify this company and I advised someone not to bother hiring for that job. My rule of thumb is very simple really.
Every time you start a business meeting
1. Starting with a prayer and a Jesus song
2. Filled with interludes of more prayer and Jesus songs
3. Finished with a prayer and another Jesus song
Don't bother looking at the books.
I know I'm hating but in Kenya, that's just the truth of the matter. Each and every ponzi followed the 3 AGM schedules of activities mentioned above.
Near the end everyone was told, don't believe the haters, trust us.
My humble uneducated opinion is business is business and math don't lie. None of their projects and I mean none has done anything. Now you want them to run a bank? Even the CBK governor knows how hard that is that he's even offering motivational speeches on Twirra.
Poleni but here we go again.  Be kind people are loosing money "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 5/4/2015 Posts: 241 Location: Kahno
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murchr wrote:alma1 wrote:I was once asked to verify this company and I advised someone not to bother hiring for that job. My rule of thumb is very simple really.
Every time you start a business meeting
1. Starting with a prayer and a Jesus song
2. Filled with interludes of more prayer and Jesus songs
3. Finished with a prayer and another Jesus song
Don't bother looking at the books.
I know I'm hating but in Kenya, that's just the truth of the matter. Each and every ponzi followed the 3 AGM schedules of activities mentioned above.
Near the end everyone was told, don't believe the haters, trust us.
My humble uneducated opinion is business is business and math don't lie. None of their projects and I mean none has done anything. Now you want them to run a bank? Even the CBK governor knows how hard that is that he's even offering motivational speeches on Twirra.
Poleni but here we go again. Be kind people are loosing money http://www.fep-group.com...nt/files/OTC_Process.pdf
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Rank: Member Joined: 9/9/2015 Posts: 233
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Religion is the opiate of tbe masses. Youve got to give it to them. Those FEP masters are smart. "Buy when there's blood in the streets, even if the blood is your own."
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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FEP is a bunch of conmen using religion to advance their agenda. Heck, they have never issued title deeds to the plots they were selling at Lukenya since 2012. They have nothing to show for the rights issue which they did in 2014. Now, they are coming back for more money. Any investor who does due diligence will keep off this con game. These guys have a sole agenda of fleecing their flock. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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kimanimsc wrote:murchr wrote:alma1 wrote:I was once asked to verify this company and I advised someone not to bother hiring for that job. My rule of thumb is very simple really.
Every time you start a business meeting
1. Starting with a prayer and a Jesus song
2. Filled with interludes of more prayer and Jesus songs
3. Finished with a prayer and another Jesus song
Don't bother looking at the books.
I know I'm hating but in Kenya, that's just the truth of the matter. Each and every ponzi followed the 3 AGM schedules of activities mentioned above.
Near the end everyone was told, don't believe the haters, trust us.
My humble uneducated opinion is business is business and math don't lie. None of their projects and I mean none has done anything. Now you want them to run a bank? Even the CBK governor knows how hard that is that he's even offering motivational speeches on Twirra.
Poleni but here we go again. Be kind people are loosing money http://www.fep-group.com...t/files/OTC_Process.pdf Kimani umetumwa? There are over 10 threads on FEP here you may want to post links on each of them. This scam will explode big time "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: User Joined: 1/20/2014 Posts: 3,528
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FEP will evetually come good, ......... all those Church guys are not conmen!!!! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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Othelo wrote:FEP will evetually come good, ......... all those Church guys are not conmen!!!! Not with those guys at the helm. The CEO only wants to become one thing..... a billionaire.......... and how will he do it? Using religion to manipulate and con all and sundry. His philosophy is built on the end justifies the means. If you are not in #STAY AWAY FROM THIS CON GAME. There are so many investments where one can put their money and enjoy their sleep. In 2014, we argued with a friend and a brother in this forum......... but where did the money from the rights issue of 2014 go? What happened to the IMPEX, HOTEL ROOM, CLASS ROOM investments? It is my cardinal duty to inform the newbies out there who may be ropped into a trap and loose money! History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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BGL wrote:Othelo wrote:FEP will evetually come good, ......... all those Church guys are not conmen!!!! Not with those guys at the helm. The CEO only wants to become one thing..... a billionaire.......... and how will he do it? Using religion to manipulate and con all and sundry. His philosophy is built on the end justifies the means. If you are not in #STAY AWAY FROM THIS CON GAME. There are so many investments where one can put their money and enjoy their sleep. In 2014, we argued with a friend and a brother in this forum......... but where did the money from the rights issue of 2014 go? What happened to the IMPEX, HOTEL ROOM, CLASS ROOM investments? It is my cardinal duty to inform the newbies out there who may be ropped into a trap and loose money! BGL what happened to the housing project? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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