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

What is your father then?

MEGA4BILLION:
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

Tinubu is just a liar.

DeleTaller:


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 he would have been disqualified.

You can't even sell your demigod without sounding childish.

Coitus interruptus would have saved your progeny this embarrassment of a scion.

Born2Breed:


You can't even sell your demigod without sounding childish.

Coitus interruptus would have saved your progeny this embarrassment of a scion.

Monkey... I see you

DeleTaller:


Monkey... I see you

Oops! Run along kid.

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

Mods take this to frontpage or you confirms the rumours that you guys are pro-APC cum Tinubu.

Lalasticlala
Seun