Oseco World
  • Contact Us
    +234 803 243 2707
  • Our Address
    Lagos Nigeria
  • Working Hours
    Mon - Sat 7.00 - 18.00

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ENGINEERING SYSTEM OF FUNDING

Currently we develop an Engineering system of funding to help governments or various agencies as well as small, medium and large scale enterpreneurs to improve their economic base and create more jobs to improve the living standards of the entire citizenry.

Government’s agency and individual can use our Engineering system of funding for the construction and improvement of all infrastructure and other humanitarian projects to benefit all human kind.

OSECO assists companies in restructuring their financial commitment, raising finance to meet their project commitment. We also maintain active relationships with various government contractors, individual and institutional investors, major venture capital and investment seeking for expansion to improve their economies or operations large scale.

The OSEMEIKHIAN & SONS ENGINEERING CO. LIMITED (OSECO) is a profit making company that is representing a collection of competitive companies engaged daily in all aspects of generating funds to do business, maintenance and the supply of related goods and services.

The company is registered under the corporate affairs Act and governed by its constitution and by-laws.

This business plan is a workable approach in all form of businesses and a summary of our organizational structure and a statement of our strategic objectives. The plan sets out who we are, how we function, where we are going and what we need to do to succeed.

To provide these choices we will need to build human capabilities and offer the range of things that people can do or take part in life.  The most basic capabilities for human development are living long and healthy lives, becoming more knowledgeable, having access to the resources needed for a decent standard of living and becoming a contributor to one’s community and Nations.

TYPES OF FUNDING

(a). 10% cash funds to deliver 100% funding.

(b). 60% collateral guarantee from bank to deliver 100% funding.

(c). Bank to Bank swift confirming repayment schedule to deliver 100% loan for 10years

(d). Client Bank Present Documents Authority to OSEMEIKHIAN & SONS ENGR. CO. LTD to secure the funds.

(e). OSEMEIKHIAN & ENGINEERING CO. LTD issue a standby letter of credit to the client bank for loan.

WHO DO WE SERVE?

  1. Government
  2. Companies
  3. Individual
  4. Association
  5. Humanitarian Bodies

BREAKDOWN ON TYPE OF FUNDING

(a). The vision includes a financing structure of 10% cash funding in projects like

Project Any Face Value 10% Face Value Project Duration
Road Infrastructures $10M $1M One(1)year
Education $10M $1M 10 Months
Health $10M $1M 10 Months
Agriculture $10M $1M 10 Months
Electricity $10M $1M 10 Months
Housing Project $10M $1M 10 Months
Religion $10M $1M 9 Months
Import & Export $10M $1M 3 Months
Oil & Gas $160M $16M 45 Days
Business Start Up $10M $1M 30 Days
Others Any Amount 10% Face Value Project Specified

 

(b). The vision of 60% collateral guarantee from bank to deliver 100% funding means 60% Asset declaration from bank to bank to enable us funds the transaction for 100% face value of the project.

(c). These vision confirm Bank to Bank comfort repayment schedule letter for the loan because the bank must know your business and be ready to confirm repayment schedule according to the below verbiage.

BANK COMFORT LETTER VERBIAGE

DATE:

CLIENT’S NAME:

CLIENT’S ADDRESS:

CLIENT’S ACCOUNT NO :

REF : ACCOUNT NUMBER LOAN COMFORT

WE BANK NAME ……. LOCATED AT….. , ACTING ON BEHALF OF OUR CLIENT …………

HEREBY CONFIRM, WITH FULL BANKING RESPONSIBILITY, THAT LOAN AGAINST THIS ACCOUNT WILL BE PAID BACK AS SPECULATED IN THE CONSULTANT APPOINTMENT LETTER  (1% FACE VALUE ANNUALLY)AND  AT MATURITY DATE A SUM TOTAL FACE VALUE OF FORTY  MILLION DOLLARS ($40,000,000:00) TO YOUR NOMINATED BANK VIA SWIFT IN FAVOUR OF OSEMEIKHIAN & SON’S ENGINEERING COMPANY LIMITED AS  BENEFICIARY.

FOR AND ON BEHALF

AUTHORIZED BANK OFFICER # 1     AUTHORIZED BANK OFFICER # 2

(d), These vision confirm client deposited bank documents to the authority of OSEMEIKHIAN & SONS ENGR. CO LTD to secure the funds for repayment.

(e). This is the vision that enable OSEMEIKHIAN & SONS ENGR. CO LIMITED to issue a Standby Letter of credit to your bank for a credit facility in your bank.

WHY SHOULD WE EMBACK ON THIS FUNDING FOR YOUR PROJECT

The harsh socio-economic effects of developing your projects make it imperative on our part as contractors to encourage entrepreneurs, governments and their parastatals through the best and easiest way of funding contract with little amount in every projects. Therefore, OSECO Geo-Information Technologies (GIT) provides us as a logistics provider in making money in all our business and also makes us as an important tool for the management of any system concerning your project prior to the introduction of global positioning systems and geographic information systems.

Data obtained in the field of funding was accurate base on our methodology for the period of evaluation of such project. Typical examples include money factors which have held many project not executed. This varies from government to private and individuals. So, as a result of the problems in generating funds for every project oseco has considered the changing nature of funding projects with all establishments.

BEEN IN CONTROL OVER YOUR PROJECT

The deeper motivation for this project comes from the vision of the oseco engineering system to make a positive impact in the lives of every citizen. This project would seek to support that vision through financial support from the Business trading activities of Oseco for the development of nations. The project would also increase the opportunities for interaction between OSEMEIKHIAN & SONS ENGR. CO. LIMITED and the INDIVIDUAL involved in the project and the General people that are hopeful in additional benefits to both groups as they share their lives and different cultural perspectives.

WE GENERATE FUNDS FOR YOUR BANK TO FUND YOUR PROJECT.

We are an International Funding Organization with a background in banking and business finance, our extensive knowledge and expertise will assist in finding the right funding for your requirements.

In normal circumstances we deal with recognized banks or sometimes with other brokers in your relevant country. We can avoid other brokers if asked, but no one can cover the whole world in any depth and we may depend on local brokers to assist us.

Please note that the use of brokers is normal and some banks (such as RBS & SFS and others etc) will not deal with people unless they are introduced via a broker.

Through associate companies and Banks, we have the capacity to assist clients raise finance for their businesses.

EASY ACCESSIBILITY IN FUNDING NO MATTER YOUR COUNTRY

We are willing to arrange the funds to you or offer security to your bank in the form of cash up to 100%+ no matter the country you belong, we as a company is ready to serve you because we don’t overestimate the importance of the idea. You don’t need a great idea to start a business; you need time, money, perseverance, and common sense. Few successful businesses are based entirely on new ideas.

PROCEDURE FOR ENGAGEMENT:

  1. Contact us via our subscription
  2. Oseco offer Policy Proof of Interest Certificate and engagement letter for client signature.
  3. Client submit their project proposal, policy proof of interest certificate, Engagement letter, proof of procedure engagement in (a – e) to their bank for transmission to Oseco bank.
  4. Oseco set up trade finance group attending to each project as the client description to enable the inflow of cash to execute various projects.