Daily Trust (Abuja)

Nigeria: We Offer 36 Percent Profit On Our Bonds - Broxiom Group

interview

Mr. Christopher Gessman is the Assistant Vice President of the Broxiom Investment Group, the business conglomerate that has in its kitty 11 companies, with the recent being the opening of its investment in Nigeria.

Mr. Gessman said the conglomerate which was started by Mrs. Meiaad Al-Boloushi and Dr. Manar Al-Muthanna in 2007 in Dubai, the Middle East 'Paradise' is floating an investment bond that will pump fresh air into the Nigeria's financial sector and as such open new window of investment opportunity for Nigerians in the face of the meltdown in the Nigerian Stock Exchange and the liquidity crunch in the money market.

Can you tell us about Broxiom Investment Group, Nigeria?

Broxiom Investment Group is a new company based in Abuja, that will offer investment Bonds for people to buy against certain amount of cash, and Broxiom will invest that cash in many projects inside Nigeria in addition to international projects, while we are already paying investors monthly profit from the first month.

What is Broxiom Investment Bond all about?

An investment bond is very similar to shares, but bonds are used for saving money, they do not go higher or lower in price, which means they are stable. A Broxiom Investment Bond is worth USD $10.00 and the minimum amount to buy is $100.00 worth of bonds, which is 10 Investment Bonds.

If I were to be a customer how would I be able to buy bonds, receive my monthly profit and when can I withdraw my capital?

To buy investment bonds you can log on the internet, download Registration Form, fill it out and come meet us in our Office in Abuja, or you can just come to our Office and our sales agents will take care of you. Regarding your monthly profit, you can come to our office at the end of every month, and receive your cash in cheques or payment instruction towards your bank account, however, it has to be over USD $ 100.00 in order to cash it for you. And finally you can withdraw your money any time after the first three months by filling out a Redemption form which you can download through the internet or easily get it from our office. Anyhow, it will not always be like that, we are discussing means of co-operation with couple of banks so the whole process will be automated and fast, for example, you can visit the closest bank to you and visit our kiosk to buy, collect your profit, or even redeem your bonds.

The naira is not stable; Nigerians fear that the value of their investment may fall sooner because of the growing inflationary rate. Are you worried about this?

We accept only dollars for investments and we pay profits in dollars, therefore our investors will not suffer from any exchange rates loss.

How would Nigerian investors benefit from your project?

The benefits are numerous. We offer the highest profit rates in Nigeria which is 3% per month, and 36% per year. A customer does not have to wait for a year to get his percentage at the end of it, like fixed deposits, instead, our minimum investment period is three months, and then they can take their capital or just leave it and collect their monthly profit.

The investment and profit are in the same currency which is USD. Bonds holders will be participating in our monthly draw and we will have over 1,000 winners. With the projects established here, we offer Nigerians more job opportunities, and bond holders will have the priority. Bond holders will always have the priority in our real-estate developments around the world. Minimum amount required to buy bonds is USD $100 only, which is within everyone's capabilities, and there is no maximum amount. I will tell them, hurry and buy investment bonds today before tomorrow, because we are offering only 10,000,000 bonds for now and first come is first served.

Do you have a plan to get listed on the Nigerian Stock Exchange?

We do not intend to enter the stock market, because we actually don't need to do that, since we are selling bonds, and entering the stock market at this time would shake the stability of our group.

Nigerians may want to know some of your other companies?

Our other companies are: Broxiom businessmen services Dubai, Broxiom Maintenance Dubai, bro-xiom entertainment: Romania, Bro-xiom food trading company Dubai, Broxiom international, food trading company: Azerbaijan, Broxiom real estate development Egypt, Broxiom real estate agency Dubai, Broxiom advertising agency Dubai, IIS information technology system Dubai.

And Broxiom interior decoration Dubai. The Retail businesses are: Studio 33 men and women beauty salons in Burjuman Centre Dubai,& in City Centre Dubai, and a restaurant in Beirut called hoodoo, and finally Pet mart, the first one and only pet magazine in the middle east.

What is your relationship with the Nigerian government?

Yes we have good relations with the government as we are also being ably supported by the Senator Nuhu Aliyu.

Recently, the World Bank raised alarm about the rising unemployment rate in Nigeria. How can your investment help in addressing this problem?

By creating projects in Nigeria we are actually looking forward to employing many Nigerians as well as training them to our standards. And we are offering the bond holders the priority of getting jobs or referring someone as part of our loyalty program reward.

How are you affected by the global credit crunch?

We are not affected by global meltdown because we are highly diversified, and the owners explore new chances every day. We are not one of those companies which invest in one sector and just wait for it to grow. Our group works like a beehive, we are all working for the common good of the whole group.

What is Broxiom Group Nigeria's capital base like?

The capital base for our Nigerian company is in the region of N40 million.

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