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Stats: 2,639,667 members, 6,177,084 topics. Date: Wednesday, 03 March 2021 at 12:08 AM
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by ehinja: 12:36pm On Sep 15, 2016|
Very strong words which hold true. With all our brilliant minds, resources and God given talents we still remain as a people progressively inept in the way we relate to one another and things that are our own.
In other climes the government of the day will protect an homegrown company or establishment given the multiplier effect it can have and bring to the economy.
We have to wake up and get it right as a people and country. Laws should be reviewed, investors encouraged and Nigerians helping fellow Nigerians across board to achieve as we don't have any other country to call our own except Nigeria (at least for the time being).
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by Babysho(m): 12:37pm On Sep 15, 2016|
Sir, I have no idea why the Government haven't created a legacy of making Nigeria a self-dependant country. They keep claiming Agricultural improvement, but it's not only agric that needs improvement. Our media, our transport, our construction even to the little things like Textile. If possible we turn North Korea and practice JUCHE!!!!
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by Tonymegabush1(m): 12:38pm On Sep 15, 2016|
# 4 like 6months naw ave stopped paying 4 my dstv subscription and dia customer care team don call me tire my reply 2 dem is always as usual *u guys Sud introduce pay as u watch *datz d only way I will subscribe 4 una service.
#multichoice neva loved us
#mtn Na dia broda in crime.
#local antenna taken ova
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by ensamy(m): 12:39pm On Sep 15, 2016|
Experience is the best teacher but I better learn from other's experiences.
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by cooldudeng(m): 12:45pm On Sep 15, 2016|
It's rather unfortunate that Toyin would want to play the sympathy card
Am old enough not to always hear one side of the story. I personally followed the DStV and HitV saga when it started and I can categorically say that the above write up is more crap than real
Firstly, the Nigerian government under the then Ministry of Information ( Frank Nweke Jnr) really supported HitV. They stood by the Hitv when the fully paid rights was going to be recalled after been sold to them. Guess Dstv had pulled strings and the sold rights was going to be recalled. The ministry warned that a recall would be that it will not allow any broadcast in Nigeria (please google)
So how did the government fail HiTV? Was he hoping that the government would reverse the sale to Dstv after they won and he couldn't come up with the payment as clearly called out in his write up?
Leaving sentiments aside, businness are in operation to make money. The Nigerian bank that backed HiTv lost billions Shareholders funds at that! is he saying they should continue to lose depositors funds and shareholders funds because they want to support a failed venture that the MD was busy lavishing and mismanaging companies funds
Or is it the numerous staff that lost their jobs after several months of unpaid salaries or the consumers that wasn't getting value besides football and eventually lost money on prepaid subscriptions.
How can a trained lawyer not understand the clause in a contract before signing. Again that calls into question the capability of the person in question.
Let's leave sentiment beside, have learnt how not to run a company especially in tough terrain like Nigeria
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|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by amodu(m): 12:53pm On Sep 15, 2016|
Push Him Down (Phd) syndrome in DNA of Nigerians at play....
I don't know what CONSAT is doing self
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by halamadrid: 12:55pm On Sep 15, 2016|
Multi choice is not forcing you to pay 14k, you can go for gotv. And our own hitv MD is a liar . He didn't mention how he went UK to acquire exclusive rights to epl with 100 million pounds. Something multichoice buys 25 million pounds. They refused to share with multichoice when hitv just bought the epl right. Sorry to disappoint you, it's not just epl that makes sales to multichoice.
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by halamadrid: 1:12pm On Sep 15, 2016|
Mention one indigenous company in Nigeria that's still standing? He paid (MD hitv) 100 million pounds for what multichoice buys for 25millions pounds. Multichoice went to them to share but they refused. Four years later, 2 weeks before they lost the right, Mr MD is now claiming they agreed to share. Epl is not the main market, plenty content are on dstv better than epl.
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by Truly1: 1:13pm On Sep 15, 2016|
Hatred for the messenger does not mean hatred for the message!
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by Jloveme(m): 1:58pm On Sep 15, 2016|
Toyin... to whom much is given, much is expected!! Do ur survey well before embarking on such a tasking job. All over the world, there are policies or institutions that are unfavorable!!! Your driving force should be a determination to penetrate or access such organs!!! Need i tell u that the failure of Hitv has robbed off on us all. From whr u failed others are striving. Lessons learnt
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by Funkybabee(f): 1:58pm On Sep 15, 2016|
why are we enemies of Our self ? for us to embrace our own child in what he is doing is a problem for us, instead we will still be doing bad, talking rubbish even support outsider than our own.why is our government so selfish like this? it keep hurting me when I just sit down and look the power of dstv over us even they increase their sub in this recession time. thank God they gave startimes a way,even now this also hitv already fold up why can't our government invest in our business. I will like people to take concern about this things because it keeps hurting us instead of us typing rubbish on twitter this one of the suppose things we should be mention for them to see it and go and seat down in their house to think
such selfish government
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by beebwai: 2:15pm On Sep 15, 2016|
Am not in anyway happy that Hitv died, and I want another indigenous company to fight dstv and their exploitations, half of dstv customers in africa are from Nigeria, how I wish station like Tinubus consat can fight them for this sports right since he seemingly has the political and financial might. [/quote] thank you o truth teller. He got it wrong. His strategy failed him. Over borrowed, not enough content, didn't look at his competition closely enough. He simply couldn't compete with the might of dstv who've been in the business since the nineties maybe eighties sef. His business ran out of steam and collapse after initial gra gra. Government policy or not, it was all a terribly lame attempt.
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by laudate: 2:16pm On Sep 15, 2016|
It is a great story. A lot of aspiring entrepreneurs can learn from his experience and take precautions, to avoid the same problems he faced. Toyin Subair, experience is a great teacher and I believe you will rise again, bigger, better and more successful from the ashes, just like the Phoenix!
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by DIKEnaWAR: 2:23pm On Sep 15, 2016|
Your Oga Subair was a typical Nigerian business man. Him and his shareholders. They went on a spending spree, immediately they sold out and forgot to renew their hold on the EPL till DStv(those greedy and exploitative bastards) did. I understand that our government is anti-business and very corrupt, but Subair ought to have known all these.
Imagine if Zuckerberg were to be a Nigerian. Imagine what 'small' Linda Ikeji is doing with her change because 'business had been good' . We are Nigerians and we dont know how to build a business that will become a brand and survive us. Disney land, Facebook and WhatsApp used to be someone's business and idea, today they have a become a legacy given to the world.
This is why I admire Seun, though he is like a shark that is contented in a pond, you don't see or hear him living like he will die tomorrow. That is how to build a business and grow it.
I blame this Subair, not our government, for the way DStv had been exploiting us, because he failed to sustain the challenge he gave them . If I may ask, what has stopped someone like Adenuga that has money and in the cable and wireless business from starting a similar business and chasing the DStv thieves out of our clime?
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by djon78(m): 2:43pm On Sep 15, 2016|
Great piece very good for we entrepreneurs. Learnt a lot from the article like;
Reading between the lines before going into any contract with anybody
Study those who wants to invest into your business very well
Never ever because of a morsel of bread, or temporal gratification sign away your life's work, it is better to endure the hunger and ensure you get the best deal. I remember John Maxwell in one of his books said that head or tail, the guy with idea is by far better than the guy with money, and this issue is so much prevalent in Nigeria. That is why entrepreneurs must shine their eyes well.
The issue concerning banks is a no no for me. Getting your funds from Nigerian banks via debt in Nigeria is very terrible. People say 25% to 30% interest, but that is a big lie, some of the banks hide so much charges under that by the time you are done, the interest is almost 40%.
Government support is terrible in the nation. The Government is talking about diversification but they don't know that supporting local entrepreneurs with the right policies will add huge value to the economy. They really need to wake up to their duty.
It has been a good lesson learnt, doing business in the nation is very challenging, but I want to encourage those entrepreneurs out there trying to make a difference to never give up, to keep on striving, to keep on improving there processes and capabilities, to keep on striving despite the huge challenges, for as long as they try, they will one day break the ceiling, succeed against all odds and encourage those coming behind them, that they too can make it.
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by Kobicove(m): 2:45pm On Sep 15, 2016|
He was spending more money than he was making....any business that spends more money than it makes will not last long
No plan for sustaining the business cos he thought the jamboree would last forever...
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by TeamSimple(m): 3:01pm On Sep 15, 2016|
lucarella:Honesltly i had to save this page so i could read at a later time of the day..very informative.
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by ElSherriff: 3:08pm On Sep 15, 2016|
The man has agreed to his naivety and where he accepted responsibility was his being a 'simpleton' and not aligning with the Government. Sometimes, lobbying is needed for businesses to wax stronger, sometimes Government going out of legal boundaries to save indigenous firms can suffice. He even agreed he was near clueless as per the agreements he entered with his shareholders. But I doubt is he was entirely carefree with money. He does not come across as somebody with such tendencies especially as he did not default in the over 1bn Naira yearly payments and all that. In DSTV's case, the South African government completely supported them and would still continue to. The shareholders were also very unwise as they wanted more and have now lost all. In all, I commend the man as my lesson here is in his learning, his gallantry in admitting his mistakes and willingness to share his experiences. Nice comment bro!
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by Kay17: 3:09pm On Sep 15, 2016|
JUCHE is a scam and an empty ideology
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by helovesme(f): 3:34pm On Sep 15, 2016|
God bless you for this.
The more I read Toyin's write up of lies, the more irritated I get.
The bank he was hoping on as backup to provide the much needed guarantee stalled because they were very sceptical about funding Toyin's HITV mess.
If HITV had been properly ran and managed (even if they were operating at a loss which is naturally expected in the first few years for a new business), banks would have been falling over themselves to provide the guarantee he badly needed before the expiration of the deadline.
Toyin presented a business model to the bank that provided the bulk of the funds he needed to start the business. Did he follow the business plan? Didn't he deviate from it? What happened to all the "content" and "programmes" he claimed he was going to bring on board to HITV? Did he do all that? NO!
You can't present a business plan to a bank for a loan of 20 billion naira, the loan gets approved and then you run back to them asking for another 40 billion when you are yet to pay off the initial 20 billion with little progression in the company and expect the bank to do your bidding.
Every bank has a risk appetite and an acceptable level of debt exposure. There are no sentiments involved. If it's outside their risk threshold, they either ask the company to look for another bank to share the risk and provide some sort of syndicated loan (which was what Toyin was hoping to acheive) or they walk away from the deal.
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|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by mastelpro: 3:36pm On Sep 15, 2016|
There are 3 versions of a story
1. My version
2. Your version
3. The true version
Toyin Subair has given his own version, let's wait for others.
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by HAH: 3:51pm On Sep 15, 2016|
Toyin is just trying to play with emotions of some gullible people but some of us here are old enough and can vividly give an account of his performance when he killed his dream with lack of foresight and flamboyance, and come to think of it he is blaming government, when clearly Frank Nweke was visibly supporting him then as minister of information to an extend some said he was the real owner.
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by kingsman66(m): 3:53pm On Sep 15, 2016|
for your mytv,dstv,CTL ,star times,gotv installation and retrecking HALA at your nigga @08179854671 and consider your work done................your comfort is our pride
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by helovesme(f): 4:00pm On Sep 15, 2016|
None of the stakeholders involved in the HITV failed project will join issues with Toyin and engage in a media war. He is best ignored. What i know is that given his past antecedents, no major bank will touch him with a pole (that is, finance any project where he is a major shareholder or part of the key management team). He knows this and that is why he is trying to play the sympathy card.
Yes, there are venture capitalists and business angels in Nigeria. Several venture capital firms based outside Nigeria are also investing in Nigeria based entrepreneurs. The only issue with such agreements (which the average Nigerian struggles with) is the level of scrutiny you are subjected to and the high degree of honesty/transparency that is expected.
With business angels and venture capital firms, every penny given to you must be accounted for. Due diligence is carried out on the entrepreneur and everything is looked at - educational background, age, any relevant experience, previously successful/unsuccessful businesses, personal assets, business acumen, etc).
You cannot collect money from a VC or business angel and then use the money to acquire 2016 Honda accord as 'official car' or a state of the art office at ikoyi or decide you need to upgrade your apartment/move from ikorodu to 1004 flats to reflect your new status (diverting business funds for unnecessary 'business expenses' is something a lot of Nigerian owned companies for known for). there must be a justifiable reason for any penny released/spent.
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by billyadam(m): 4:26pm On Sep 15, 2016|
How did u know??
Prove him wrong by starting yours and let's see how it goes. Dick head.
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by engrshakespeare: 4:31pm On Sep 15, 2016|
Me too. the guy has a firm grasp of English.
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by icedbreez(m): 4:33pm On Sep 15, 2016|
Story, you re obviously a vested interest in this matter. Let MultiChoice loose the EPL and we ll see how far your better content can carry you, if Nigerians ll not drop you like a bad bad habit. U have no idea how hated DSTV n mtn are in Nigeria. Na condition dey make crayfish bend.
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by alabi10: 5:30pm On Sep 15, 2016|
"Two Players Market in Nigeria: How To Survive The Game" another title for this insightful writeup by Oluwatoyin
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by project7(m): 6:17pm On Sep 15, 2016|
The Nigerian factor! This country is a joke.
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by Pdizzle(m): 6:42pm On Sep 15, 2016|
What a man! So much wisdom in this article, the man is too plain to suceed in this terrain. It's however sad as corruption rears its ugly head in every sector of this country, and these fucking white capitalists play to it. HiTV was never ready.
They say Power is not served al a carte, you have to take it forcefully. And if you are going to take it, make sure you succeed!
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by emmanuelpopson(m): 6:48pm On Sep 15, 2016|
he can become an household name in digital TV when he summon courage and start all over again.. he isn't the first to experience such... ask the CEO of KFC...
|Re: Oluwatoyin Subair: The MD Of HITV Shares His Touching Experience by omolola15(m): 6:57pm On Sep 15, 2016|
Without the epl for that 1 year do you know how useless dstv was? I used to own a viewing center and i tell you it'll ba a tough business for multichoice without the epl. The only reason I'm paying 14k is for the epl and champions league. I blocked the z world and Telemundo because I don't want anyone disturbing me when it's time for soccer. And yes they are forcing me because 6k sub is for the epl only and not even all the matches.
Apart from soccer I don't have any business with multichoice. I download my movies online even series as well. I believe their service is on the high side. I was in togo and cannal + is pay per view. Hitv really bleeped up but our government could have done more to help them.
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