tonio2wo:

Very good! Then why is this case all over if its not to tarnish the common sense campaign. They dont ave anything against bruce so this is the best they can come up with.

agabusta:
I passed in front of the place around 2pm and it was still locked with fierce looking mobile policemen roaming about.

Amcon has also put dirty inscriptions on the walls of the building all around indicating a takeover.

I just pity those who rented business outlets at the galleria. Their loss yesterday was not nice at all in view of the exorbitant amount they pay as rent.

If indeed Amcon reopened the place later yesterday, I'm sure its chiefly because of other business concerns using the place.

gare:


That's not how take overs are done you don't close the biz, you don't stop the biz, what happens is that AMCON will be the one taking charge of the biz a until the loan is paid back that is all, biz will still continue, but all payments will be made to AMCON, and if they need to inject more funds to make it more profit viable they will do so.

driveiwe:
Am amazed at the manner of some NL who jubilate over this company's predicament, even if u hate BMB wat about the lots of staffs he has, a frnd works with him, but feeds others from its pay.why hating? ?? wen u can't even manage ur recharge card selling shop.

agabusta:


How will Amcon take over if they dont first assert their authority over the place??

Do you think take over is a tea party?? They will just stroll in and all the managers in the company, all the tenants in the building will just start handing over to them??

Take over of assets following a court order is not that easy, eventhough it is backed by valid court orders. It is usually a show of force. Even when it is between individuals, families, etc.

agabusta:


Why are u mixing issues. Who talked about closing a company??

Amcon is taking over the properties (assets) of the company because of loan default.

Kindly note that taking over assets is not same as closing the company.

What Amcon is after is her funds. Not that they are trying to punish the company.

If the company resumes paying back what they owe, they can approach the court to reconsider the take over order.

Etinosajay:


I think you're the one who doesn't understand what you are saying.

It may help you to read and properly understand what's going on before claiming and counter claiming.


Please read the court order and then read your own previous comment, and tell me who's mixing up issues.

agabusta:


You definitely do not understand the difference between a 'take over'and 'closing a company'. Go and educate yourself on that first abeg. For the records, you are the first to use the phrase 'close down the company'.

WebSurfer:
shebi you dey among one of the billionaires with non-performing loans?

thelegend1:
This takeover has political undertones... There are other billionaires with non performing loans in this same naija

Etinosajay:


May I suggest that henceforth you use words you know the meaning?

You opined that AMCON may have re-opened the building for sake of other occupants.


Re-opened suggest it was first closed down, and further to tha, if not in consideration of other building occupants, it may remain closed down.

Do you not know what words mean by inference?

Are you by any means suggesting that the mandate of AMCON is to seize silverbird assets until they pay their debts, albeit indefinitely, if need be?


I have a feeling you don't like to be corrected

AMCON will not close down any company until the debtor pays. That's now how the law empowers them to operate.

agabusta:


Why are you confusing yourself??

Dont you know the difference between building and company??

I said the building was locked. you then came to say this


Did I ever say anything iike ''the company has been closed down?? Is it not you that introduced that? Does locking a building seem same thing as closing a company??

It is actually you that do not like to be corrected. And it is obvious you lack comprehension skills and right usage of words.

Etinosajay:


That's it right there.

The company in the eyes of the law is represented by its articles of incorporation filed with CAC and domiciled in a piece of paper.

The building is the company in physical, visible to the general public, that is why physical addresses are always stated on business cards and company articles. that is why two things happened yesterday.

1. The company managers were made to sign off in compliance with the court order.

2. The building was sealed as a way of effecting the order of court.

Somehow I don't expect you to understand that. Not every one was manufactured with an IQ to be envied.

I did suggest previously that you should use only words you know the meaning.

It's not a bad thing to debate, but I'm not sure why you want to be wrong and wrong at the same time.

agabusta:


Oga keep quiet. Your low IQ was obvious from your initial responses. Not what you just went to look up on the internet to sound intelligent.

driveiwe:
Am amazed at the manner of some NL who jubilate over this company's predicament, even if u hate BMB wat about the lots of staffs he has, a frnd works with him, but feeds others from its pay.why hating? ?? wen u can't even manage ur recharge card selling shop.