Just got this from a "PHCN" staff that the new DISCOs are taking over fully on monday the 11th of March. Can anyone else confirm this? This is big big news for me. I have been waiting for this day!

I can't wait to see the backs of the government controlled DISCOs and the incompetent staff! This coming the same month of number portability is sweet music to my ears!

They haven't paid fully and you are talking about fully taking over! beside monday is not the 9th...today no be 9th?

billante: They haven't paid fully and you are talking about fully taking over! beside monday is not the 9th...today no be 9th?

There is a payment process. They don't have to pay fully to take over.

Sorry for the 9th date. My mistake. Monday is 11th. But a staff told me this. Just trying confirm it.

thelastPope:

There is a payment process. They don't have to pay fully to take over.

Sorry for the 9th date. My mistake. Monday is 11th. But a staff told me this. Just trying confirm it.

Why not wait for an official confirmation bro, we all are patiently awaiting for the take-over! They are expected to take over between June and July!

www.tribune.com.ng/index.php/complete-business-package/51488-new-owners-to-take-over-phcn-successor-firms-next-year

take dat: Why not wait for an official confirmation bro, we all are patiently awaiting for the take-over! They are expected to take over between June and July!

www.tribune.com.ng/index.php/complete-business-package/51488-new-owners-to-take-over-phcn-successor-firms-next-year

Noooooo! Haba! That news is not very correct. They are to pay the 25% two weeks after signing the agreement which is why I think they are taking over this week. Then they have a 3 month window to pay the 75%. but I think they are supposed to start setting up their structures from now. There is a lot to do. They will employ some new staff, do a lot of management and technical training, do a lot of evaluation of facilities on the ground, open new offices, etc. And they will have to weed some nicompoops out too! So yes, their impact will not be really felt till at least 2 to 3 months time. But am just excited its happening. These PHCN guys annoy me to my bones. Imagine one of them telling me they can't fix a fault in my area until the power goes off and am like, in 2013? Pathetic!

thelastPope:

Noooooo! Haba! That news is not very correct. They are to pay the 25% two weeks after signing the agreement which is why I think they are taking over this week. Then they have a 3 month window to pay the 75%. but I think they are supposed to start setting up their structures from now. There is a lot to do. They will employ some new staff, do a lot of management and technical training, do a lot of evaluation of facilities on the ground, open new offices, etc. And they will have to weed some nicompoops out too! So yes, their impact will not be really felt till at least 2 to 3 months time. But am just excited its happening. These PHCN guys annoy me to my bones. Imagine one of them telling me they can't fix a fault in my area until the power goes of and am like, in 2013? Pathetic!

No bro! The outstanding 75% is to be paid within six months after signing the sale and purchase agreement! I wonder how reliable is the source/staff that gave you a wrong date?
www.thisdaylive.com/articles/phcn-privatisation-fg-receives-335m-bank-guarantees/131548/

This thread's title is ambiguous

Why not tell us what DISCOS means?


Is it Distribution Companies in charge of Electrical Power Supply or Party at which people dance to pop music?

take dat: No bro! The outstanding 75% is to be paid within six months after signing the sale and purchase agreement! I wonder how reliable is the source/staff that gave you a wrong date?
www.thisdaylive.com/articles/phcn-privatisation-fg-receives-335m-bank-guarantees/131548/

Hear it from the horses mouth:

"Chairman of the technical
committee of the NCP, Mr.
Atedo Peterside said the
successor companies are
expected to within 15
business days after the
signing of the sale and
purchase agreement or the
shareholder’s agreement,
whichever is earlier, make
down payment of 25 percent
of the share purchase price
while they are also required
to pay the outstanding 75
percent the share purchase
price withing 90 days.
In his remarks, the Acting
Director General of the
Bureau for Public Enterprises
BPE, Mr. Benjamin Dikki
revealed that all the
successor companies would
meet with the bureau to
finalize arrangement that
gives them comfort without
their taking over before full
payment."




Link to full article below:

www.vanguardngr.com/2013/02/phcn-fg-signs-agreement-with-succession-companies/

Ngwakwe: This thread's title is ambiguous

Why not tell us what DISCOS means?


Is it Distribution Companies in charge of Electrical Power Supply or Party at which people dance to pop music?

No be only party wey dem dey dance. Na owanbe wey dem dey eat amala and ewedu join! You dey see us dey talk about NEPA, you still dey ask quesion! You no serious! Mtsheew!

Ngwakwe: This thread's title is ambiguous

Why not tell us what DISCOS means?


Is it Distribution Companies in charge of Electrical Power Supply or Party at which people dance to pop music?

Me ma I don dey wonder since o, wch kain DISCOs dis people dey dance now na frm ur post I come get d gist DISCOs = Distribution Company(s). I may be wrng though!

.

I hope so oh. Is that we for 24 hours we don't have light? PHCN abi na NEPA MUST GO