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Better still an investigation of the company should be carried out by the necessary authorities. Maybe EACC or whichever other authority can come in before it's too late

There is ONLY ONE SOLUTION to these people fleecing fellow kenyans; ASSASINATION!! Am very sure one of these days angry "investors" will loose their temper and do the neccessary ile iwe funzo kwa wahusika na wengine wenye tabia kama hiyo. When 1/2/3 figures that have stolen from unsuspecting kenyans will be sent six feet under and it be known publicly signals will be sent clearly. Nobody will want to start,head or associate with such things lest you be makuenid.

Double speak reloaded.

https://www.facebook.com...S/posts/849108425166789

FEP Diaspora Leadership Meeting 5/17/15
Attendants: 31
Peter
Noel
Beatrice
Charlie
Eunice
Amos
Antony
Michael Karuu
John Kithaka
Solomon Macharia OBO Wangendo Waruimbo
Caro
Wycliff
Raphael
Njaria
Vincent
Prof. Jerono

Meeting commenced 9.05pm CT
Mr. Karuu welcomed everyone to the meeting and introduced the Group CEO to address participants.
Group CEO Dr. John Kithaka to give update on state of FEP Group
CEO asked for everyone to raise an issue that they needed to be addressed during the meeting:

1. Vincent Chesire: Issuance of certificates of shares
2. Solomon Macharia on behalf of Waruimbo: Are we going to receive dividends this year
3. Caro Maina: Eagle shares: We have till June / July to pay without 5% fee. At what point does the 5%
4. Charlie Mutua: When Over the counter shares are going to launch
5. Wycliff Chakua: Corrections to share certificates, have the changes been made?

CEO thanked everyone for the good job that the Diaspora did for PPO. He announced that PPO raised 2.3 Billion Kshs. The official communication coming up in June
FEP has transitioned from being informal to a formal Corporate Company since 1st April 2015

Beginning 1st June 2015, members will notice the difference in communication from Nairobi. Members should look forward to receiving biweekly communications. (When was this meeting held? )
PPO Commissions:

0.5% commission was set aside for the recruitment. You are requested to submit for your commissions through the state leaders ?????????

All money was authorized for release. Make a requisition and payments will be made.

Certificates:

Certificates for PPO were all ready by 30th of March
Certificates to be collected personally from head office due to the sensitivity of the document and legality
To make it easier for the investors in the Diaspora to get their certificates, members can sign form to be provided by Mr. Karuu to make it possible for their State leaders to request their certificates by May 25
Tier 1, 2, 3 certificates are not ready as they are being re-audited and should be done by June 5th 2015. The certificates will be issued by 30th June 2015. CEO requested patience through this process.

Dividends:

There will be no bonus or cash dividends in 2015.
Dividends will be expected to be paid in 2016.

Bank:

Looking to open bank doors in the next 1 month.
Once the certificate to operate has been secured, the dates of AGM will be announced;
1st will be, Bank AGM (Wait they have a bank?)
Followed by FEP AGM projected on or before 27 September 2015

OTC Platform

CEO indicated that company is looking at ways to implement OTC platform for selling shares. More will be communicated once the system has been put in place.

All FEP Group companies are on clear profitability line except bank, MobiKash and Media What is left Supermarket?

National Conference:

Diaspora conference will take place on 9th – 12th October in Atlanta GA
State leaders should plan to bring a team of 5-13 leaders to the meeting.
Most of the Kenyan leadership and management will be in attendance in order to work out the best way of engaging the Diaspora to use more of FEP Products.

Documentary:

CEO Dr. Kithaka has recorded 2 documentaries that will be distributed to leaders by Mr. Karuu. Mr. Karuu will be working on ways to distribute the DVDs and he will communicate.

Eagles:

Members have until July 15th 2015 to pay the 1 million Kshs for shares to avoid paying 5% premiums.
CEO reminded members that although the documents were not ready, those who want to participate should go ahead and make payments thus ensuring that they do not miss an opportunity.

Diaspora Communication:

Mr. Karuu – President FEP Diaspora and will be the reference point on all FEP related matters
Dr. Rono –Group Investors Relations and Communications Manager
Catherine Munyiri – Managing Director Tai Housing Finance Company
Reference Point Housing/Health Care and all matters relating to Leadership Structure
Dr Jerono -President Diaspora Tai Housing

Note that when you send communication to Dr. Rono Email ronoh.desk@fep-group.com or Catherine Munyiri Email Catherine.munyiri@tai-eagles.com ,
please CC Mr. Karuu and Dr. Kithaka. This will ensure that the leaders are aware of any issues that need to be addressed.

NB Investors Concerns will be addressed through the State Leadership and the vice versa and all emails CC Mr. Karuu and Dr Kithaka
Meeting ended 10.00 PM CST.

I went visiting my aunt and in the course of our talks she brought up the topic of FEP. Introducing me to it.

I told her I have heard about it but its said to be a scam.Appperently she has invested about 100k in it.

Someone please tell me exactly what the issues are so that I share with her.
Meanwhile she received her certificates yesturday and to her that is proof that all is well.

You may need to read the whole thread

Me too, can't see anything specific. This is unlike the wazua we normally get links. More of. Muchene than reality. Somebody give us real fact that fep is a scam. Has anyone here actually lost his money through fep and how did it happen, what action did he take?


Couldn't we be actually giving them pubicity, ie free advertisement?

I read that they held an agm last year on this thread , they did it without annual accounts?

Where did Bgl get these figures