Okoyeebows:


If you say the management of Mtn believes they have no need to raise an additional capital at this time, why did Mtn borrow 200 Billion from 7 banks just last Friday?

Gbenga Aluko is on the board of Mtn and his firm Aluko and Oyebode advised Mtn on the syndicated loan on Friday and would be paid by Mtn. Doesn't this tell you something?

tillaman:
Mehn, some people are so freaking rich that the only problem they might be facing is how to spend their money! These figures am ehn you can’t finish it in a life time! Aje

9jaRealist:


Bankers negotiate these deals which lawyers reduce to legal text (likely using the universal LMA documentation used in virtually all common law jurisdictions worldwide, with local jurisprudential adaptations of course). Given that each of the parties involved in this transaction would have their own independent advisers (financial, legal and/or accounting), including global powerhouse law firms such as Baker & Mackenzie and Norton Rose Fulbright, and so it is doubtful that the role of A&O in this transaction was in any way determinative. Nevertheless, any conflict (or potential conflict) of interests ANYWHERE in the world is resolved by FULL DISCLOSURE (and/or recusal).
>

ngadaAwo:
m4 lalclala SE obinpy oam4j domue
rule 2

ngadaAwo:
my4 lalastla sn obinpy oam4j domiue
rule 2

ngadaAwo:
ok bro
m44 lalalala un obcopy o4j doque will fix you

konvict0111:
The coincidence in the timing between these events - listing in the stock market and raising of finance through loan, seems to play well into your sentiments, but unless we can point to fundamental concerns around gearing and growing of top/bottom line, which are obviously not the case with MTN, obtaining a bank loan may not be completely out of place in my opinion.

You can help me see what you see. In the way I'm thinking about it, the management of the company may just have judged the loan option as the most fitting from a strategic and financial point of view and no less. The benefits include that interest payments for debts are allowable deductions for tax purposes and shareholding structure remains undiluted.

I'm happy to learn from you if you have clear-cut convictions why you think something is fishy. I don't see one at this time.

Buckubuck:

The guy is just a conspiracy theorist and an alarmist. If you read his initial post, you'll see him referring to a movie as a source of intelligence. He even seems to know more than Pascal Dozie and referred to him as a failure, which shows the kind of person he is. I only pity ignorant folks who have been hailing him since. But thank God better folks like you and 9jarealist are around and have the patience to clean up the mess he is making. Half knowledge or unintended ignorance is really dangerous!!

9jaRealist:


The “single narrative” in Nigeria that everything and every venture is fraudulent, and people are only looking to rip you off...
>

wiseone28:
My next coming to earth i will answer Dasuki seems that name is synonymous with money

webizone:
When you can change your name. That shows you are not wise enough. It's imperative to change the name.

Guyman02:
Na wao, MTN listing without an IPO is nonsense, they don't want ordinary Nigerians to invest and make profit from that company. Left for a few people most of whom are just cronies of the same individuals that have ripped up this country because they have access to our common wealth. Nonsense and ingredients

aod1:
They should have
using an IPO

MrPresident1:
Elpresidente MrPresident1

Value of Shares: $1 billion

One of Nigeria’s most renowned end time preachers, Elpresidente MrPresident1 is a prolific preacher on Nairaland, a successful corporate preacher in Nigeria. He owns 700,000,000 shares or 25% of MTN Nigeria, a stake that’s currently worth N360 billion ($1 billion).

MrPresident1:
Elpresidente MrPresident1

Value of Shares: $1 billion

One of Nigeria’s most renowned end time preachers, Elpresidente MrPresident1 is a prolific preacher on Nairaland, a successful corporate preacher in Nigeria. He owns 700,000,000 shares or 25% of MTN Nigeria, a stake that’s currently worth N360 billion ($1 billion).

Okoyeebows:
Before you put 1 Naira in the Nigerian stock exchange, go and watch THE WOLF OF WALL STREET. Nigerian Stock Exchange is a place run by Judas Iscariots. Go and find out what Ndi Okereke Onyuike did there. Go and find out what Transcorp did there.

People regularly get burnt in that place of corporate scammers, you need sound financial education to make money there.

Let me tell you a secret Mtn doesn't want you to know. There is a company called MTN International (Mauritius) Limited, which has the controlling 76.08 per cent equity, or 15,485,544,050 shares valued at about N309.71 billion. Once they recoup their money paid as fine with extra by gullible Nigerians, they are getting out. That's exactly how Etisalat got a cash investment and Mudabala telecoms (the Arab owners) ran off with the money.

What most people don't know is that just last Friday, Mtn borrowed 200 Billion for a 7 year tenure from a consortium of banks just Friday 17th of May.

You see that fine mtn paid, they are stylishly collecting it back from Nigerians. They would eventually dump everything and run off like Etisalat. They are scamming as much people as possible preparatory to running away.

The banks they obtained the loan from know this but they don't care. They would willingly take over mtn like they did to Etisalat.

This same Gbenga Oyebode on Mtn board is the chairman of Access bank. Go and find out what Access bank did to Etisalat.

Okoyeebows:
Before you put 1 Naira in the Nigerian stock exchange, go and watch THE WOLF OF WALL STREET. Nigerian Stock Exchange is a place run by Judas Iscariots. Go and find out what Ndi Okereke Onyuike did there. Go and find out what Transcorp did there.

People regularly get burnt in that place of corporate scammers, you need sound financial education to make money there.

Let me tell you a secret Mtn doesn't want you to know. There is a company called MTN International (Mauritius) Limited, which has the controlling 76.08 per cent equity, or 15,485,544,050 shares valued at about N309.71 billion. Once they recoup their money paid as fine with extra by gullible Nigerians, they are getting out. That's exactly how Etisalat got a cash investment and Mudabala telecoms (the Arab owners) ran off with the money.

What most people don't know is that just last Friday, Mtn borrowed 200 Billion for a 7 year tenure from a consortium of banks just Friday 17th of May.

You see that fine mtn paid, they are stylishly collecting it back from Nigerians. They would eventually dump everything and run off like Etisalat. They are scamming as much people as possible preparatory to running away.

The banks they obtained the loan from know this but they don't care. They would willingly take over mtn like they did to Etisalat.

This same Gbenga Oyebode on Mtn board is the chairman of Access bank. Go and find out what Access bank did to Etisalat.

Okoyeebows:
Before you put 1 Naira in the Nigerian stock exchange, go and watch THE WOLF OF WALL STREET. Nigerian Stock Exchange is a place run by Judas Iscariots. Go and find out what Ndi Okereke Onyuike did there. Go and find out what Transcorp did there.

People regularly get burnt in that place of corporate scammers, you need sound financial education to make money there.

Let me tell you a secret Mtn doesn't want you to know. There is a company called MTN International (Mauritius) Limited, which has the controlling 76.08 per cent equity, or 15,485,544,050 shares valued at about N309.71 billion. Once they recoup their money paid as fine with extra by gullible Nigerians, they are getting out. That's exactly how Etisalat got a cash investment and Mudabala telecoms (the Arab owners) ran off with the money.

What most people don't know is that just last Friday, Mtn borrowed 200 Billion for a 7 year tenure from a consortium of banks just Friday 17th of May.

You see that fine mtn paid, they are stylishly collecting it back from Nigerians. They would eventually dump everything and run off like Etisalat. They are scamming as much people as possible preparatory to running away.

The banks they obtained the loan from know this but they don't care. They would willingly take over mtn like they did to Etisalat.

This same Gbenga Oyebode on Mtn board is the chairman of Access bank. Go and find out what Access bank did to Etisalat.

Seunpaul01:


Oh ho!,, 'single narrative'. o fe blow ori mi pelu English. I guess it's a self made phrase.

Buckubuck:

The guy is just a conspiracy theorist and an alarmist. If you read his initial post, you'll see him referring to a movie as a source of intelligence. He even seems to know more than Pascal Dozie and referred to him as a failure, which shows the kind of person he is. I only pity ignorant folks who have been hailing him since. But thank God better folks like you and 9jarealist are around and have the patience to clean up the mess he is making. Half knowledge or unintended ignorance is really dangerous!!

zamanii:


Well in all honesty, Pascal Dozie may not be a failure but he isn't spectacular either. His bank was the only one willing to take the risk of investing in MTN when it first came into the country and today, he's reaping the benefits. He was merely a risk taker who's fortunate to have the risk pay off

Buckubuck:

What exactly do you mean by spectacular? Give me an example of someone who is

zamanii:


He's a regular business man. It's not like he has lit up the sky as a businessman

Buckubuck:


You still have not told me what you mean by spectacular. If being board chairman of largest telecom coys in Nigeria and one of the few individuals who's bank survived the recapitalisation and financial crises of the late 2000s is not enough for you, then I wonder what is.