Jidefido's Posts
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wink2015:Remi Tinubu just has 2 children for Jagaban. And Jide is not one of them, meaning a child from some love interests in the past. |
teresafaith:Beauty lies in the eyes of the beholder. She is pretty and looks homely mydear |
Queenlovely:Seems you have a good heart! I donate blood regularly without being paid for it cos i may be saving a life in the long run. its however understandable that ur boyfriend is selling his. you wont blame him for such maybe he is cash strapped and has to survive and cant depend on you and all that. you know him better. You can talk him out of that and make him see why he needs to give out his blood willingly and not for sale. |
Queenlovely:I learnt a new word from you today. Agnostic -- a person who believes that nothing is known or can be known of the existence or nature of God. Sometimes, I reason the way you do. This life is so simple and shouldnt be taken so serious though the circumstances around us physically, spiritually and co make it difficult sometimes. We should learn to help people as much as we can. Thats a true purpose of life. some people will say its poverty mentality to say we came to this world empty and we will go back empty. Look at Bill Gates, and co. God bless you ma'am |
Pascalville:You are right. He cant do regular course cos of his busy schedules. so best option for him is DLI and he is good to go |
Way to go. They will be prosecuted. I'm sure the president will want to get back into the good books of Nigerians again and will start with these people. more heads to roll |
looseweight:Keys and passwords to our nuclear weapons and cbn account numbers; |
sorextee:I use close to 50gig on a monthly basis |
Adaumunocha:We know. Lolzzzz |
My great mentor asked me one day, a few years ago, why after the appointment of a Receiver/Manager by GTB over the assets of HiTV I gave up fighting and just rolled into a semi coma. He said this because, he knew how hard we fought to save it. I responded with the story of King David crying to GOD over his sick child but then quickly wiped his face off, ate and started drinking, when the child was pronounced dead. You really just must know when to move on so that you can see and take the future opportunities that will come your way. Thereafter, Solomon, the wisest and richest ruler of Israel was born to David because he looked and lived forward. People who care, ask me what happened to HiTV and others in their supreme wisdom profess their own reasons. I have kept my peace and quietly moved on in life, until I wrote an article recently about 1 million Digital Jobs from the Creative sector. I realise, however, that if I am throwing a challenge to other entrepreneurs to be bold and creative, I, who used to be a poster boy for a generation and who failed after 5 years of a great business endeavour, owed it to them to share my HiTV experience. Choose your shareholders carefully and know the implication of every clause in your Shareholders agreement, if you are going to sign one. HiTV collapsed essentially because of a clause in our original Shareholders Agreement, which allowed a group of founding shareholders to block the company raising money or selling off a subsidiary. This right was exercised to block our capital raise because it was believed to be a possible ploy by another group to take control of the company. We the management were caught in the middle and it took us another 8 months to pursue the alternative that was acceptable to the shareholders but by that time the equity market had gone bust, leaving us grovelling all over for debt. Every power you give up has future ramifications so don’t sign away your life for what may be a quick fix or a “morsel of bread” as it might come back to bite you. The same right you give to Mr A and is used wisely, will in the hands of Mr B be used to destroy your dreams. I failed to know and manage my investors properly, which made it hard for me to mediate when they didn’t see eye-to-eye. Perception is EVERYTHING in Nigeria Your neighbour, banker, staff, bloggers, enemies are watching you and it is not what you are that matters but what others see and are saying about you. Once you are funded by other people’s money, either investors or bankers, it matters what they think. So your lifestyle must be measured. Even if you have access to other sources of income, you must be prudent in spending and seen to be prudent else it will be assumed that you are “extravagant” and/or diverting other people’s money for your own personal use. Solely because it is common place in Nigeria for executives to mismanage corporate funds, people are quick to judge and assume every situation is the same . I never touched company money or take a single bribe or kick back. HiTV had full corporate governance rules in place and a budget that was jealously guarded by a Board that sat 6 times in a year. Even when I went out or travelled with a supplier, I always insisted on paying, but only my shareholders and management team knew that. This forthrightness of mine made me throw caution to the wind since I knew I was clean BUT unfortunately I didn’t realise the negative impact it could have on my reputation. The first thing your adversaries or haters target in order to bring you down, is your reputation. Protect it. Whatever you do, train people and invest in them One thing we did right was to invest in the lives of our people. I inspired all my staff, which grew to about 380 plus, in 6 locations in Nigeria and a London office, including over a thousand dealers, by making sure I led by example, sent them on trainings, exposed them to the international market and bought them books to read about Media, and very importantly made them know we were all in the same boat. If I was comfortable they also had to be, and if they were going through pains, we had to do it together. I have always marvelled at the Receiver/Manager and people who thought HiTV could be locked up with chains? HiTV is today a force in different companies making or waiting to make a difference. However, make sure the people you train and inspire do the same to their sub-ordinates. Usually Nigerians are scared to pass knowledge for fear of being replaced and so you have to teach them to let others fly. Reading the 1 Minute Manager meets Mr Monkey taught me not to micro-manage and get people to earn their pay so that I can be free to do the bigger things. The balance to delegation is to make sure there is a system to ensure that those who are working are justly rewarded. In the absence of a technical foreign partner, we learnt our trade on the job and intensive trainings and we were just implementing our robust researched systems and processes when the company was closed down. How I would have loved to see its results. Equity Vs Debt We gambled on building a company with debt with the hope of converting it to equity once we proved the model. As I said earlier, we were impeded from doing this at the right time. At 25-27% interest on debt, most businesses cannot survive and you will be a slave to the banks for life. That is why they take collateral from you. They lend against your collateral not your business case. Regardless of our strong cashflows, the funding requirements continued to increase. Similar businesses in Europe like Sky, Virgin, Polsat etc had worse debt profiles whilst building up their Brands and subscription models but their markets have sophisticated equity and debt. Unfortunately, we have no sophisticated equity market and I mean Angel investors and/or Venture Capitalist in Nigeria and without that, who can survive? It pains me to admit that someone told the then Minister of Information that Nigerians can’t fund our type of business and I was really hoping to prove him wrong but Alas! We paid 40 million dollars for the first year of the second term of the EPL from mostly equity. But still had to come up with a guarantee of about 70 million dollars for the latter 2 years and in Nigeria, guarantee requires cash in bank. The alternative bank we were forced to use despite all their assurances and being offered half of the amount by another Bank failed to issue same on that fateful Tuesday and only offered it to us on Thursday. Meanwhile the EPL sold it to our competition on Wednesday morning. [b]Watch your debt profile. [/b]HiTV was paying an average of 1.1billion Naira approximately in interests and guarantee charges annually, for over 5 years! For a new company, we did a damn good job but really got blown out once our house was divided. I never live by debt and so was really ignorant about how interest works up till HiTV and of course since then you won’t catch me near it. But what do you do when you have to? They say internationally that “equity is more expensive than debt”, but that is NOT true in Nigeria. Debt is way too expensive and destructive. At the end of it all I was sued in my personal capacity for the debts of the company by the bank, but we have since sorted out our differences, agreed, signed and filed terms of settlement in all legal actions. The Managing Director simply told me, when we finally met, that since we all owned the company, I had to pay out of the liability and not just dump it on them. It made total sense to me and I offered them what I had, they accepted and that was it. Fair is fair. You can’t avoid a lot of skin in the game because investors will be looking for this. You need Government and regulation on your side I ignored government to my peril. The competition spent a lot of time courting all arms of government and I was a simpleton. We just expected the whole world to cheer us on. The laws in Nigeria are as empty as they are full. A lot of writings but you have to make sure your business model is adequately protected. What laws do you need, or what interpretations of the laws do you require, go and get it passed or adjudicated. Don’t assume its there and don’t be afraid of offending anyone. A few weeks before we lost the EPL rights we were approached by the competition to share it with them, in writing. We agreed and were completing the approvals on both sides when we lost the rights. Since they bought it, we asked them for it on the same terms as we had agreed to give it to them just 2 weeks prior, they refused. We ran to government to enforce the fairness clauses of the NBC Act but it fell on deaf ears. We really should have actively pursued the enactment of anti- monopoly laws and competition rules early enough as exist everywhere else in the world. The truth is we never believed in monopoly and offered all our acquired TV rights to anyone who was ready to share the price with us. Our purchase of football rights was defensive, as that was the only way we could get it. Unfortunately, our government was happy to, as they continue to be, leave everything in the hands of foreign dominant players. And whatever we were ready to pay for those TV rights was still far less than what Nigeria was losing from the repatriation of profits by the foreign companies operating in the country! 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! I didn’t, but I am glad I tried. It is the most meaningful, joyful and the greatest thing I have ever embarked on. I can still see the sparkle in the eyes of every true partner of that journey I meet. In conclusion of HiTV 101, I will say this, our thinking that we were doing the right things and following the patterns of all international Pay TV companies was not enough, we had to successfully domesticate those patterns and that proved difficult. Thankfully, our good intentions and hard work have helped most to get great jobs and new opportunities and challenged foreign companies to do more locally. Whatever you do, live forward. https://www.linkedin.com/in/oluwatoyin-subair-5a105186? |
mhizesther:And will always be.. u were in what hostel? I was in El-Kanemi before moving outside campus |
mhizesther:Jaja boys were known for that. Don't know if the trend still continues |
frankdoz23:Mumu |
streets2empire:I can never change my church for a woman. I could go there once in a while but definetely not change |
Guy, I understand how you feel. Some of us have been there where you shut the door against other girls and stay faithful and in the end the lady you did it for failed. Sorry, its simply that she is not meant to be for you. i wont be easy getting over it considering all you have done in the last 6 years, introduction etc. i will advise you to move on with your life. if asked what happened, as a man tell people you caused the break up, defend her still. reason is taking the blame will help you in the healing process. blaming her will make you to recall.. speaking from experience. reactivate your locked down mission, one of them may just be HER. when you meet the right one, you will forget about this one. |
SaulRazor:Stop misinforming Nigerians, He has visited Osun, Ogun, cross River |
Evaberry:No we are not. we are God's own people. The head of the female clan. without us, there wouldnt have been you, without you, there wouldnt have been us. Some men may be scumbags, not all men. Just as some ladies could be oloshos, not all ladies are |
that means the babe visits the guy in the hostel or vice versa. |
How will I know if my girl can cook or not if she doesn't cook for me and how will my relationship grow if I don't take care of my girl as often as I can? Nonsensical advice |
richybankx:It's no longer allowed cos it could cause body damage to the player himself and others. cant recall, an incident occured during a football league match and the necklace caused a damage to the neck of the player. naturally authorities stopped players from putting on even studs till it got to checking if their boots are not metal studs of the old |
Flashh:His statement to me is not ordinary oo. Na so Dagrin sing his own death song, though unreleased. Just musing |
Evaberry:Can I check myself with you? |
MhizzAJ:Are they not human beings with a future? They have feelings too |
24sqm:It took me three months to get over it. Emotional pain is more than physical it can take forever for it to heal |
24sqm:I can relate |
Barcelona superstar, Lionel Messi, has told the club he will not put pen to paper on a new contract, before the summer transfer window closes. Spanish outlet, Marca, claims that Messi wants to see how the club operates in the final days of the transfer market, before committing his future to them. And president Josep Maria Bartomeu is said to understand’s Messi’s position, believing he must prioritise bringing in new recruits ahead of renegotiating with the Argentinian. However, the Spanish paper go on to say that Messi is not thought to be considering leaving the Nou Camp – contrary to reports elsewhere. Barca suffered the embarrassment of announcing Messi had signed a new four-year deal before later confirming he had not. It is suggested that Messi is more likely to sign on in September, when the transfer window has shut and he has returned for Argentina’s World Cup qualifiers against Uruguay and Venezuela. Despite Messi’s willingness to stay, there remains annoyance among Messi’s team-mates over Neymar’s £198million departure to Paris Saint-Germain. Barca have endured a disappointing window, which saw Neymar leave in a world-record move to Paris Saint-Germain. They have also been unsuccessful in their pursuit of Liverpool playmaker, Philippe Coutinho and Borussia Dortmund’s Ousmane Dembele. While Messi is annoyed by the situation, it is understood he is not actively looking to leave the Nou Camp and is still happy at the club. Any contract extension would likely be signed in September on his return from international duty, with the five-time Ballon d’Or winner’s current deal set to expire next summer. http://www.thesportsbay.com/replace-neymar-sign-new-contract-messi-tells-barcelona-board/ |
ThinkSmarter:Don't bother you can never understand |
ANIEXTY:Amen |
The Minister of Information and Culture, Alhaji Lai Mohammed has said Nigerian banks, telecom companies and businesses sponsoring foreign football leagues on local television channels must be ready to spend 30 per cent of their budget on Nigerian local league. He said this in Lagos today, folowing a planned amendment of the National Broadcasting Code to allow for Nigerian content and flavour in what Nigerians consume on electronic channels. The Minister had stirred controversy when he conveyed government decision that any programme meant for Nigerians must be produced in Nigeria. Alhaji Mohammed said he had no regret for stating the position, saying he was not appointed Minister to develop the economy of other countries at the expense of the Nigerian economy. In a statement in Lagos on Wednesday, the Minister said the Creative Industry’s potential of creating one million jobs in three years cannot be realised if jobs meant for Nigerians are being exported to other countries under the guise of producing, in other countries, programmes to be consumed in Nigeria. ”I didn’t say that henceforth, all music videos and films will be produced in Nigeria, or that the production of music videos or films outside Nigeria will be banned. All I said was that if a programme is designated as a Nigerian (local) content programme, we will amend the Code to ensure that it is produced in Nigeria,” he said, adding: ”On that, there is no going back.” The Minister recalled how his office was bombarded with calls from concerned Nigerians when the last edition of the ”Big Brother Naija” was produced in South Africa, saying he subsequently directed the National Broadcasting Commission to investigate the circumstances surrounding the controversy. ”Following the findings, we decided to amend the relevant sections of the Nigeria Broadcasting Code to prevent a repeat of that development. We are now in the process of doing that, so that anyone who intends to produce a reality show or similar programmes for Nigerians cannot take the production of such shows outside Nigeria. ”Nigerians are a very proud and resourceful people, and we are sure that no Nigerian will be against a decision to prevent the jobs that can be done in Nigeria by Nigerians from being exported to other countries,” he said. In a related development, Alhaji Mohammed has said the Broadcasting Code is also being amended to help develop the local football league. ”This (amendment) is not just about the Creative Industry. We are also going to ensure that the NBC Code is amended in a manner that if any company in Nigeria today invests a million dollars in promoting or supporting any (football) team or league outside Nigeria, I want the Broadcasting Code to be amended to the effect that it will not allow that programme to be aired unless that company supports the Nigerian League with a percentage that will not be less than 30 per cent of what was spent. ”This is because we cannot continue to develop the economies of the other parts of the world from the sweat of Nigerians and at the expense of the Nigerian economy,” the Minister said. http://www.thesportsbay.com/lai-mohammed-orders-foreign-football-league-sponsors-support-npfl/
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slyrone:Please what's school? Hope it's not KC. My fellow kingsmen talk about it but none of us know him |