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TSTV Loses Office Due To Debt - Premium Times - TV/Movies - Nairaland

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TSTV Loses Office Due To Debt - Premium Times by obonujoker(m): 10:05pm On Jun 09, 2020
The West African Business Platform Ltd., a law firm, has taken possession of the Abuja Headquarters office of Telcom Satellite Ltd. Television (TSTV) due to its inability to pay its rent.

The Abuja Headquarters office of the television company is situated at Plot 1191, Jahi District, off Gilmore Construction Company, FCT.

The property was taken over on Tuesday following the judgment entered in favour of the plaintiff by Justice Yusuf Halilu of the FCT High Court in Nov. 2019.

Officers from the Execution Unit of the FCT High Court, including four police officers, were stationed in the premises during the takeover.

The law firm through its principal, Raphael Adakole, had filed the suit in 2018 with No. CV/2739/18 against the television company and its Abuja Managing Director, Bright Echefu.

Filing of the suit was due to the inability of the television company to meet up with the tenancy agreement entered between the plaintiff and defendants on May 1, 2017.

The law firm had particularly sought the order of the court to declare that the tenancy agreement between the plaintiff and defendants had elapsed by effluxion of time.

It also prayed the court for an order directing the defendants to give up vacant possession of all the five storey building of the office complex together with its appurtenances, fixtures and fittings thereof.

An order of the court directing the defendants to restore and reinstate the property of the plaintiff to a tenantable and good condition to the satisfaction of the plaintiff was outlined in the tenancy agreement.

The suit also contained an order of the court mandating the defendants to pay to the plaintiff the sum of N20, 833, 333, being the profit from May 1, 2018 to Sept. 2018.
https://www.premiumtimesng.com/news/more-news/396874-satellite-tv-company-tstv-loses-office-due-to-debt.html

1 Share

Re: TSTV Loses Office Due To Debt - Premium Times by Tocynone(m): 10:07pm On Jun 09, 2020
A promising company down

121 Likes 4 Shares

Re: TSTV Loses Office Due To Debt - Premium Times by Olalan(m): 10:07pm On Jun 09, 2020
TSTV is a classic example of keeping your plans to yourself........they made so much noise and their competitors silenced them

508 Likes 27 Shares

Re: TSTV Loses Office Due To Debt - Premium Times by Nbote(m): 10:19pm On Jun 09, 2020
Dis mumu ppl dat raised our hopes so high and den dashed it into a thousand pieces.. Do more talk less is one lesson everyone shld note.
stieyven:

He who calls another a fool shall be in danger of hell. Matthew 5 :22
You'll do well to receive Jesus into your life, tomorrow may be too late. John 3 :16

So bashing TSTV means I do not have Jesus in my life?? U are no different from the Pharisees Jesus preached about

149 Likes 5 Shares

Re: TSTV Loses Office Due To Debt - Premium Times by nani667: 10:29pm On Jun 09, 2020
sad

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Re: TSTV Loses Office Due To Debt - Premium Times by omocalabar(m): 7:09am On Jun 10, 2020
Someone somewhere killed this TSTV ....Nigeria 4 u

118 Likes 5 Shares

Re: TSTV Loses Office Due To Debt - Premium Times by Tintinnoty(m): 7:10am On Jun 10, 2020
Nigeria failed TSTV. A serious nation would never allow a foreign entity operating within its borders bully an indigenous company. That was what DSTV did to TSTV.

The support the government claimed was given to TSTV was never ironclad.

241 Likes 18 Shares

Re: TSTV Loses Office Due To Debt - Premium Times by WorWorBoy3: 7:10am On Jun 10, 2020
Lmao

2 Likes 2 Shares

Re: TSTV Loses Office Due To Debt - Premium Times by MANNABBQGRILLS: 7:10am On Jun 10, 2020
Olalan:
TSTV is a classic example of keeping your plans to yourself........they made so much noise and their competitors silenced them
How and why should they keep what they do to themselves please?
It is never a crime to "make noise" about what you do or your company.
That is called : ADVERTISEMENT .
Coca-cola "make noise' every time also,
so do Pepsi, and other Big corporations,
but they have been around forever!

It is sad that things do not work out for them.
We need a reliable indigenous cable TV in our darling country.

But with all these thieves, called politicians having a sizeable shares in all the South African firms since 1999 till now, make it happen?!
Question of the day!

This is a 100% wholly owned Nigeria Pay TV company.
When are we going to start patronizing our own?

Another Question of the day!

Duru009:
It's really unfortunate that Nigeria are stocked with DSTV....
In South Africa thy have about 5 strong cable companies. DSTV is not even among the top 4 in that country.....
Thy have killed the following on Nigeria !
HiTV
TSTV
DarSAT
Too bad for this country.......
Sad reality!

122 Likes 16 Shares

Re: TSTV Loses Office Due To Debt - Premium Times by ReubenE(m): 7:10am On Jun 10, 2020
Always keep your cards close to your chest, and keep your powder dry.
They made so much noise that allowed their competitors to sabotage them.

Sorry TSTV

28 Likes 3 Shares

Re: TSTV Loses Office Due To Debt - Premium Times by enitey(f): 7:10am On Jun 10, 2020
Oh sad!

3 Likes 1 Share

Re: TSTV Loses Office Due To Debt - Premium Times by Yedebem: 7:10am On Jun 10, 2020

11 Likes

Re: TSTV Loses Office Due To Debt - Premium Times by Oblongata: 7:10am On Jun 10, 2020
Another one bites the dust

12 Likes 1 Share

Re: TSTV Loses Office Due To Debt - Premium Times by calberian: 7:10am On Jun 10, 2020
Interesting to know that the only evidence that I now have that they really did exist is that their head office got repossessed.

Sad stuff

10 Likes 2 Shares

Re: TSTV Loses Office Due To Debt - Premium Times by Ebhod20(m): 7:11am On Jun 10, 2020
There is so much politics in Nigeria that why this country no fit wrk

11 Likes

Re: TSTV Loses Office Due To Debt - Premium Times by donmixc: 7:11am On Jun 10, 2020
na too much swag and bragging killed this company

3 Likes

Re: TSTV Loses Office Due To Debt - Premium Times by Minjim: 7:11am On Jun 10, 2020
Oh
They couldn't stand the heat.
Dstv is becoming a monster in the Nigerian paytv market

2 Likes

Re: TSTV Loses Office Due To Debt - Premium Times by Growingboi(m): 7:11am On Jun 10, 2020
How come such a promising business became grounded within a short time? Could it be bad managment decision or Nigeria factor of 'you wash my back I wash your back?

I thought by now, DSTV shakara would be a thing of the past. so unfortunate

6 Likes

Re: TSTV Loses Office Due To Debt - Premium Times by Ben404040: 7:11am On Jun 10, 2020
..I just came to check if it's TRUE.

I still had a bit of hope that even in their dieing nature, somehow they will come alive, that somehow they could make a great come back.

Alas The 9ja spirit no deh this one.!!!

With the loss of their head office dies the existence and name TSTV.

RIP
Re: TSTV Loses Office Due To Debt - Premium Times by Sunnycliff(m): 7:11am On Jun 10, 2020
Greatest scam of last decade.

16 Likes

Re: TSTV Loses Office Due To Debt - Premium Times by XOGBADO(m): 7:11am On Jun 10, 2020
Moral of the story: keep your plans to yourself, not everyone is happy about your progress.

22 Likes 1 Share

Re: TSTV Loses Office Due To Debt - Premium Times by FlordFlorez(m): 7:11am On Jun 10, 2020
Which day dem enter business wey dem don dey own money.
Re: TSTV Loses Office Due To Debt - Premium Times by costandi(m): 7:11am On Jun 10, 2020
TSTV, our saviour that never was because of loud mouthedness.

The gargantuan promises they made eh... E pass our politicians own o.

No be only loose office, them no suppose dey exist sef.

9 Likes

Re: TSTV Loses Office Due To Debt - Premium Times by Roon9(m): 7:12am On Jun 10, 2020
Never reveal all your cards grin


call for our 444Wh lithium-ion solar generator that could power your TV, laptop, standing fan and up to 4 lighting points for up to 13 hours daily

4 Likes 1 Share

Re: TSTV Loses Office Due To Debt - Premium Times by Neddstark: 7:12am On Jun 10, 2020
TSTV. I will never forget them. They came like they were bragging like giants that will unseat DSTV. People that could not even afford rights to broadcast from a sports network. Shame on them. Eastern businesses and their thing for sub standard services.

17 Likes

Re: TSTV Loses Office Due To Debt - Premium Times by Achizzy7: 7:12am On Jun 10, 2020
This is not fair.....



LESSONS: If u want to do.....do don't talk
Re: TSTV Loses Office Due To Debt - Premium Times by Whobedatte(m): 7:12am On Jun 10, 2020
FG should have come through for this guys
DSTV monopoly is really affecting us here .
Before it was HITV , now another one gone down
Nawaooo

23 Likes 2 Shares

Re: TSTV Loses Office Due To Debt - Premium Times by Bsmartt(m): 7:12am On Jun 10, 2020
This is a great lesson for entrepreneurs. You don't need too much of a noise before launching a new product.

Your competitors are watching.

14 Likes 1 Share

Re: TSTV Loses Office Due To Debt - Premium Times by sauceEEP(m): 7:12am On Jun 10, 2020
That's the last straw.... undecided
Re: TSTV Loses Office Due To Debt - Premium Times by tetralogyfallot(m): 7:12am On Jun 10, 2020
Over hyped tstv

6 Likes

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