My uncle held a party for Tony Anenih Jr after his wedding in 2000 in Benin City. Many of the new state governors were in town and came for the party. He got five of them into his bedroom and pitched a company called “CyberTel” which was supposed to bid for a GSM license.

Only Delta State was very keen on it. The others told us that they would get back. Cybertel meged into the consortium called First Independent Networks Limited which was started by Bolaji Balogun and his team at City Securities Limited. It was a harrowing period.

I remember traveling to Delta and Akwa Ibom to try to ensure the commitment of the states. FINL was supposed to hold 60% of the license holding company and 40% went to the foreign partner. We later selected a small company from Zimbabwe called Econet because we felt it was easier.

Econet was supposed to bring 40% of the license money and the technical know-how. We had the equity agreement as shareholder and technical services agreement as operator of the license. That 40% never came. It was excuse after excuse. We finally had to go back to the states.

The initial structure we had proposed was for the license entity Econet Wireless Nigeria (EWN) owned by FINL and the technical partner to own 60% of the operating entity Econet Wireless Mobile (EWM) and the remaining 40% coming into that entity from states like Delta and AKSG.

When the 40% from the operator wasn't coming and other shareholders were leveraged to the hilt, state governments were allowed in to buy secondaries from existing shareholders who had covered the initial $285m license fee they didn't bargain for. Shareholders approached states.


OANDO was a shareholder too. I had convinced them to buy into EWN/FINL in spite of Jite’s reservations. He was asking me why India had not seen growth because of GSM? Wale was convinced that it was the right thing. Osaze Osifo from HSBC Capital also had convinced him that it was.

Osaze and Wale were old classmates. Osaze was running the entire financing of the deal and was a true genius. He was the one who arranged the primaries and secondaries in a manner I am still learning from till today. Wale got Lagos State to buy their secondaries and come in.

That was the extent of the Lagos State involvement in the deal. His relative was the state governor and it made it easier for OANDO to convince them. Tinubu didn't even commit to Cybertel initially. Delta State and Oceanic saved ECONET. David Edevbie saved us all.

David was also the one who suggested still giving the operator 5% even though they didn't bring any money and almost got us wrecked. That proved to be the biggest mistake we made.

https://twitter.com/asemota/status/1531634400856879111

Thiefnibu is a mad man, a Buhari Pro Max. Even he doesn’t understand the things his mouth utters.

Imagine a drug lord, a thief and a liar rolled into one. Tinubu shouldn't be allowed to near any corridor of power again

Tinubu is such a pathetic demented liar.

You brought ENRON, not Econet.

I'm reading some comments from some un-informed kids and I'm marvelled at your ignorance.

Tinubu was never among the first investors of Econet, former Akwa Ibom state was there from the onset and Delta state Ibori. Lagos state came later.

If Tinubu could lie like this then everything about him are lies and he should just drink sniper after he loses the primary.

No wonder he was spewing gibberish during the screening, from point A to K and V to D.

What a senile old hag liar!

What do you expect from a drug baron?

Peter Obi should drop him as running mate ASAP because he can't afford to have this sort of scandal in his administration.

Thief. Ole jati jati.

Nigerians, let's stop deceiving ourselves with mediocrity and noise. Our nation is in a state of comatose and if we miss it this time, we may not be able to recover anymore.

If chief tinubu mistakenly becomes president, it will be the biggest calamity to hit the green white green in recent history.
No matter how good the deputy is , if the head is not well, the country will collaspe. You see what is happening with Biden as president of the United States, that is where nigeria is heading to with chief Tinubu.
Use your tongue to count your teeth and salvage the nation. Nigeria cannot afford a pmb or biden promax.

I knew he lied.

So I should believe this my brother say my uncle said over Jagaban

Everyone sha want use Jagaban trend

Mooh247:
So I should believe this my brother say my uncle said over Jagaban

Everyone sha want use Jagaban trend

Stop supporting evil

The shameless chronic lying gene in an average politician

Malory:
Stop supporting evil

Food deliciously served for Mkpuru Mniri miscreants

This done turn IPOB National hero now for pressing their mumu button, he is the new Reno Omokirikiri and FFK


.

Tinubu is old

I knew tinubu was tweeting from Whatsapp when he said that.

Mooh247:


Food deliciously served for Mkpuru Mniri miscreants

This done turn IPOB National hero now for pressing their mumu button, he is the new Reno Omokirikiri and FFK


.

Malory don't play his game.

He wants to derail the thread and divert our attention from what tinubu tweeted from Whatsapp to APC screening committee.

Don't play his game

ChoCho54:
Malory don't play his game.

He wants to derail the thread and divert our attention from what tinubu tweeted from Whatsapp to APC screening committee.

Don't play his game

I see... tell me more about this Tinubu meeting

Let's discuss till we reach page 2

I want to learn

Na Econet now after d spin dat PYO too fell from Heaven to become VP. Na Iba from hatred dey worry una.

I learnt Victor Attah led Akwa Ibom state government was part of the group that brought ECONET to Nigeria. But today, I'm hearing a different narrative from APC presidential screening

Omooba77:
My uncle held a party for Tony Anenih Jr after his wedding in 2000 in Benin City. Many of the new state governors were in town and came for the party. He got five of them into his bedroom and pitched a company called “CyberTel” which was supposed to bid for a GSM license.

Only Delta State was very keen on it. The others told us that they would get back. Cybertel meged into the consortium called First Independent Networks Limited which was started by Bolaji Balogun and his team at City Securities Limited. It was a harrowing period.

I remember traveling to Delta and Akwa Ibom to try to ensure the commitment of the states. FINL was supposed to hold 60% of the license holding company and 40% went to the foreign partner. We later selected a small company from Zimbabwe called Econet because we felt it was easier.

Econet was supposed to bring 40% of the license money and the technical know-how. We had the equity agreement as shareholder and technical services agreement as operator of the license. That 40% never came. It was excuse after excuse. We finally had to go back to the states.

The initial structure we had proposed was for the license entity Econet Wireless Nigeria (EWN) owned by FINL and the technical partner to own 60% of the operating entity Econet Wireless Mobile (EWM) and the remaining 40% coming into that entity from states like Delta and AKSG.

When the 40% from the operator wasn't coming and other shareholders were leveraged to the hilt, state governments were allowed in to buy secondaries from existing shareholders who had covered the initial $285m license fee they didn't bargain for. Shareholders approached states.


OANDO was a shareholder too. I had convinced them to buy into EWN/FINL in spite of Jite’s reservations. He was asking me why India had not seen growth because of GSM? Wale was convinced that it was the right thing. Osaze Osifo from HSBC Capital also had convinced him that it was.

Osaze and Wale were old classmates. Osaze was running the entire financing of the deal and was a true genius. He was the one who arranged the primaries and secondaries in a manner I am still learning from till today. Wale got Lagos State to buy their secondaries and come in.

That was the extent of the Lagos State involvement in the deal. His relative was the state governor and it made it easier for OANDO to convince them. Tinubu didn't even commit to Cybertel initially. Delta State and Oceanic saved ECONET. David Edevbie saved us all.

David was also the one who suggested still giving the operator 5% even though they didn't bring any money and almost got us wrecked. That proved to be the biggest mistake we made.

https://twitter.com/asemota/status/1531634400856879111

Nah so dem dey take bring multimillion Company? My uncle say? This people won't stop amazing me..
And it was never in a record that your uncle bring them... imagine I wonder how many bottles of stout u must have taken at your uncle's party...that made you to conclude this rubbish... Tinubu mentioned 2 companies Telecommunications and Power generation company... why did you not also deny the other one? Yes the records are there that he invited those companies and he invested huge money in econet....that yielded billion..that was the first breakthrough lagos ever had... he risk it and it worked. Maybe you don't even know that Tinubu has the biggest share of the OANDO that bought into your percentage...

Here u are saying ur uncle sey.... so how much did ur uncle invest? What was the MOU between ur uncle and the econet company?

You think those that interviewed him yesterday were foolz? If he had lied about a thing am he would have been disqualified.

I knew he was lying.

Mooh247:


I see... tell me more about this Tinubu meeting

Let's discuss till we reach page 2

I want to learn

Mooh are you saying Tinubu supporters are innocent of that too?

ChoCho54:
Mooh are you saying Tinubu supporters are innocent of that too?

Yes we don't insult Pandora hum!! I mean Peter

Mooh247:


Yes we don't insult Pandora hum!! I mean Peter

Kikikiki

The fight just begun.

ChoCho54:
Kikikiki

The fight just begun.

Please listen to your Candidate

Nigerialabalaba:
Na Econet now after d spin dat PYO too fell from Heaven to become VP. Na Iba from hatred dey worry una.

Defending tinubu must be getting too tough with all these his tweets from Whatsapp.

Mooh247:


Please listen to your Candidate

I won't play your game. You can't derail this thread.

Tinubu lied against Econet.

Though it could be he never intended to lie. He probably had a brain fa.g

ChoCho54:
Defending tinubu must be getting too tough with all these his tweets from Whatsapp.

nobody send awon Omo Ibo o. Dem go talk, type trash and con lose. Why u tink say Tinubu no reply any baga ? why u tink say Uwazuruike call una d most foolish group of people for the universe. shiorr

Nigerialabalaba:
nobody send awon Omo Ibo o. Dem go talk, type trash and con lose. Why u tink say Tinubu no reply any baga ? why u tink say Uwazuruike call una d most foolish group of people for the universe. shiorr

Tinubu reply anyone?

You want him to talk so that his hands and voice would start quaking feverishly

ChoCho54:
Tinubu reply anyone?

You want him to talk so that his hands and voice would start quaking feverishly

Nobody send Ibo people for Nigeria. From 5%ter una don become 0.25%ter so make u continue to wail e no mara

As u wey be lazy yoot, go work hard for life so dat one day even wen ur hand shake, e go become headline.
Dis ur own current ibo miscreant generatuon don cast patapata

Nigerialabalaba:

Nobody send Ibo people for Nigeria. From 5%ter una don become 0.25%ter so make u continue to wail e no mara

As u wey be lazy yoot, go work hard for life so dat one day even wen ur hand shake, e go become headline.
Dis ur own current ibo miscreant generatuon don cast patapata

Igbos may not be politically dominant in Nigeria, but even a pathological hater of the superior race like you would acknowledge the Igbo ingenuity lacking in other Nigerians! Ingenuity, internally internationally acknowledged!

Ori e o pe. Your head no correct. So, you an your thieving uncle know more than members of the screening committee. You and your uncle are the ones that ruined Econet.

This is part of the truth that I know.