Keneking:
Whao so many jobs to be lost due to this...


What about Shoprite in Silverbird Abuja, did they forget that asset too?

goodlifehyd:
Why cant he settle the loan with the same money he was trying to use in helping osun state workers back then.

StOla:
The Murray Bruce family is one I will never gloat over their present financial debacle. Their history in business starting from their father, devoid of government loot, is one that is worthy of emulation.

I might not agree with Senator Ben Bruce politically, but he has my respect for his business acumen and lofty ideals. How this investment went bad is what puzzles me.

maestroferddi:
Nigeria will never be the same again with Buhari's system of governance built on unconscionable arbitrariness and full-blown despotism.


While those clapping at the perpetration of tyranny and emasculation of dissension and opposition are having a laugh, they should do well to remember that power is transient.

Buhari or the APC will not be in power forever.

We are watching.

divinecode101:


You are right my brother, it is because GEJ is also a thief and an ineffectual buffoon - that is why it will never happen
For now, we need to appreciate that what GEJ does not have the capacity to do, PMB is doing - recovering our commonwealth
Just like Tinubu laid the foundation for a modern Lagos, PMB is laying a foundation for a corruption-free Nigeria. Nigeria belongs to us, NOT to few corrupt politician. We either allow the few looters to end our country or put a stop to it NOW
Long live Federal Republic of Nigeria


Long live APC

hotwax:


SO Buhari took the loan for him? Has Ben bruce himself complained?

What is exactly wrong with some lunatic Nigerians?

Do you have access to loan yourself?

Are you not human? Dont you deserve a loan for a business?

Are you born slave?

When ben bruce collects all the loans and refused to pay...is he the only Nigerian?

Tribalism and tribal hate has made some people dogs.

ZuzuMan:

maestroferddi:
You try and put that thing you are carrying inside your head to good use.


Commonsense ought to have told you that Murray-Bruce probably wouldnt have been targeted were he not vocal on national issues.


Unless you are a toddler (you are talking like one in any case), you should the procedure for loan recovery instead of this play to the gallery.


Maybe I may need to drum it hard into your thick skull that virtually almost all Nigerian entrepreneurs/politicians are massively exposed to banks and other financial institutions. If this stringent and punitive measure were to be applied across board, the likes of Dangote would be brought down with a thud.

Why am I even wasting my time on you?

divinecode101:


You are right my brother, it is because GEJ is also a thief and an ineffectual buffoon - that is why it will never happen
For now, we need to appreciate that what GEJ does not have the capacity to do, PMB is doing - recovering our commonwealth
Just like Tinubu laid the foundation for a modern Lagos, PMB is laying a foundation for a corruption-free Nigeria. Nigeria belongs to us, NOT to few corrupt politician. We either allow the few looters to end our country or put a stop to it NOW
Long live Federal Republic of Nigeria
Long live APC

kingviny:
At 30% interest per annum, Senator Bruce is expected to be paying over 3 billion annually. That in itself is killing. If you dont enjoy monopoly like Dangote or if you are not into big time contract runs, it is very difficult to meet up with repayment obligations .

Seeing this, AMCON should have administered justice with mercy to encourage this iconic entrepreneur. Instead of this big disgrace of his brand, they could have taken over behind the scene. The businesses should still have been allowed to run for the sake of the brand equity and for the sake of the employees.

Mr. Bruce's business (entertainment) is a very viable business. If its management are changed and the group privatized, AMCON can still realize a lot of money from this while still retaining 51% of Silverbird group stocks. With what they have done, they have made this going concern un - attractive . No investment holding entity would want to buy SILVERBIRD ventures (bad publicity) and as things stands, thousands will once again loose their jobs. How much can AMCON realise if they are to sell just the building instead of the business?

AMCON money is Nigeria's money, they should act by helping and not by destroying. AMCON has destroyed the SILVERBIRD brand, they have really bruised the Bruces.

bankylan:



Our youths have lost their sense of humanity....what foundation of great Lagos did Tinubu lay? This is 21st century and lagosians are still living like cave men...The worst that could happen to a nation is the emergence of a man like Buhari as the President....the economy is in shambles, there is no job,no plan,naira lost its value, businesses are folding up....Fulani guys are killing and there is word from Buhari other than the fulanis are not from Nigeria....Bro, I only pity the youths still praising Buhari....Let's pray what happened the last time he was in power does not repeat itself...

StOla:
The Murray Bruce family is one I will never gloat over their present financial debacle. Their history in business starting from their father, devoid of government loot, is one that is worthy of emulation.

I might not agree with Senator Ben Bruce politically, but he has my respect for his business acumen and lofty ideals. How this investment went bad is what puzzles me.

divinecode101:


You are right my brother, it is because GEJ is also a thief and an ineffectual buffoon - that is why it will never happen
For now, we need to appreciate that what GEJ does not have the capacity to do, PMB is doing - recovering our commonwealth
Just like Tinubu laid the foundation for a modern Lagos, PMB is laying a foundation for a corruption-free Nigeria. Nigeria belongs to us, NOT to few corrupt politician. We either allow the few looters to end our country or put a stop to it NOW
Long live Federal Republic of Nigeria
Long live APC

hotwax:


Sir werey..

Shut your stinky gub.

You criticize the government for poor economic policies, yet you took a loan of 12billion without repaying.

In short you are not a gud entrepreneur... You will not do better than the government...

Beside, he didnt cry the 12billion clawback is witch-hunt...has he?

Political witch-hunt...why is witch stealing our money too...

If witch is owing us 12billion, he should pay..

Nigeria is not his fathers property.

maestroferddi:
You see the problem?

You are probably an adult but your mental age cannot possibly be older than five years.

So because Murray Bruce has not told you or your village chief that he is being witch-hunted that means that he is comfortable with the kamikaze action of AMCON propelled by Buhari's infamous vindictiveness?

When you grow the sense of a teenager, notify me to see whether I can touch base with you in some form of critical thinking...

StOla:
The Murray Bruce family is one I will never gloat over their present financial debacle. Their history in business starting from their father, devoid of government loot, is one that is worthy of emulation.

I might not agree with Senator Ben Bruce politically, but he has my respect for his business acumen and lofty ideals. How this investment went bad is what puzzles me.

maestroferddi:
You see the problem?

You are probably an adult but your mental age cannot possibly be older than five years.

So because Murray Bruce has not told you or your village chief that he is being witch-hunted that means that he is comfortable with the kamikaze action of AMCON propelled by Buhari's infamous vindictiveness?

When you grow the sense of a teenager, notify me to see whether I can touch base with you in some form of critical thinking...

martineverest:
g

Toofan007:
please what is the purpose of AMCON? Is silver bird owing? yes! has it been able to pay? no! so they should have left him alone because he's Ben Bruce? Seriously?

maestroferddi:
Nigeria will never be the same again with Buhari's system of governance built on unconscionable arbitrariness and full-blown despotism.


While those clapping at the perpetration of tyranny and emasculation of dissension and opposition are having a laugh, they should do well to remember that power is transient.

Buhari or the APC will not be in power forever.

We are watching.

hotwax:


SO Buhari took the loan for him? Has Ben bruce himself complained?

What is exactly wrong with some lunatic Nigerians?

Do you have access to loan yourself?

Are you not human? Dont you deserve a loan for a business?

Are you born slave?

When ben bruce collects all the loans and refused to pay...is he the only Nigerian?

Tribalism and tribal hate has made some people dogs.

babadee1:


Excellent comment I totally agree with you on this. You really made common sense.

Boss13:


What is the business acumen, when you cannot service your debt and you are currently going under Administration? A savvy businessman knows how to match his funding needs. Even when forecasting goes against you, a savvy business understands that he needs to hedge his risk.

Do you know what this means to their reputation? I bet their father would be turning in his grave.

damola1:
i no get TV for house o.. me I wan watch film o!!!!

I saw my first movie there, can't forget it.. Chronicles of Narnia, it's magical.... God bless you and bruce family for giving such an excellent opportunity to experience beauty.. this was I think 2005... when the cinemas was first opened

Can't forget aslan.. the lion, bought a rug with a lion on it... shortly afterwards.


Up till the recent xmen!.. whoops... but this time around at the Ikeja City Mall.

For the love of entertainment, I pray you over come this, Nigeria is damn too stressful, I repeat damn too stressful for me not to have a cinema experience...






Another reason..

izzou:


Hahahahahahahahaha

This your writeup dey funny

But i agree with you

The Bruce family are not agitating. It means AMCON are not wrong.

Times are hard and i really feel for them but i think the takeover could have been done without bruising the image of silverbird

Anyway Genesis cinema still dey sha

Hope dem no borrow sef