₦airaland Forum

Iwalk:
How do u know all dis?did u work with the two companies
Do u know who Bolaji Balogun is?
Most times Govt use an individual to seal deals
dont b sentiment get ur fact clear Oga
weda Tinubu or Osibanjo,i no fit vote for Atiku.

Buckeyemedia1:
Read what you pasted again, he did not bring them, ENRON in a letter dated June 9th 1999, ENRON International showed interest in working with Lagos State.

A month later Enron formed ENPH a special purpose Vehicle to construct & operate power plants in Lagos State.

The following month Lagos State went into an MOU.

From all facts above, it was a private company that wanted to set up business in Lagos State, he did not bring them.

Giving Walmart a private business looking to invest license to operate in Lagos State doesn’t mean you brought them.

With all due respect, all you brought Sir, was digital Agbero, LCC, Lekki Consensus Company & Toll gate, @ the fastest growing part of Lagos State to collect levy on your behalf.

Buckeyemedia1:
He shouldn’t claim what he did not do, Nigeria was investment hot bed for investment just after the military handed over because of the years of sanctions & uncertainty of the last decade, that was why the economy was growing as much as 8% 1999-2008.

The man only enriched himself & cronies, he takes credit for things that will happen as society progresses.

Lagos State was a progressive state way beforeTinubu way back during the time of Herbert Macaulay, Adeyemo Alakija.

shigishege:
Na Peter obi bring them

Ventura1:
Indeed LASG during BAT era brought Enron, the project was frustrated by OBJ who insisted whatever electricity generated must be link to the national grid.

As for econet, he probably goof.

fyneguy:
Huh? Haba, when you no be illiterate nah.

You should not have comprehension issues ke

Let me pretend you didn't post this

drlateef:
I think you are the liar here. First of all, Enron was killed by Obasanjo. Take that to the bank as sure banker. All the rubbish about Diesel engine and cost of running the berg is complete barefaced lie.

On Econet, it was brought in by investors who had no money to invest in buying the bandwidth slot allotted to them. What effort Tinubu made in bringing them to NIGERIA we don’t know, unless the original operators give us a glimpse of that. But what we know is that Lagos State was one of the major investors as well as Delta State. The latter made no profit when they resold while Lagos state made huge profit when they sold their shares of the consortium.

OP, can I advise you on something? Stop telling lies for political gain.

Buckeyemedia1:
Only Children think Government does business, Government creates an enabling environment, investment comes, creates jobs, Government taxes them (Both investors & Workers).

Business that Governor will choose the board of directors?

Who will account for the money, where is Lagos State shares in Eko Hotel?

You & The Chaugory Brothers more or less own the PPP Eko Atlantic Project?

From Sanusi Fafunwa round about to Apese Barbeach belongs to you & the Chaugory Brothers (Kenneth & Roland).

Buckeyemedia1:
It was not for the attention of Oblivious Doughnuts.

fyneguy:
It's possible Tinubu attended a telecoms conference (I attended one in Dubai), where he met Musiyiwa of Econet and initiated it.

Most of those doubting it are ignorant of investment facilitation. They think it's impossible lol

Iwalk:
How do u know all dis?did u work with the two companies
Do u know who Bolaji Balogun is?
Most times Govt use an individual to seal deals
dont b sentiment get ur fact clear Oga
weda Tinubu or Osibanjo,i no fit vote for Atiku.

Buckeyemedia1:
READ BELOW I BELIEVE THAT IS BOLA TINUBU.

Strive Masiyiwa, founder of Econet Wireless, took to social media to narrate the early days at Econet Nigeria, and spilled the details on what eventually drove the Econet team out of the country.

The first GSM operator in Nigeria, Econet Nigeria usually gets the butt end of jokes due to the multiple name changes, changes to management as well as rebranding campaigns we’ve seen over the years but we had no idea it had such a storied beginning, the kind that would make Shakespeare envious.

Reading through Strive’s post, on the one hand, it’s not really surprising. We’ve always sort of known that things like that take place. On the other hand, reading about the events from a major player feels like reading a political thriller. This is the stuff good movies are made of.

Let me show you:

In screenwriting, there’s a thing called the three-act story structure which divides a story into three parts, ie the Setup, the Confrontation and the Resolution (my creative writing teacher would be proud I still remember). Using that model, I’m going to summarise the story so far in this promised quintology.

The Setup

“I managed to assemble a consortium of 22 investors to put up the money needed to bid…. The license cost us $285m and was the most expensive license ever issued in Africa at the time. This was 2001.”

“We were one of the winning bidders and they gave us just six months to set up business and get our network operating. We were under a lot of pressure but our network was live two days before the others! Customers were pouring in. We were number one in the market with an estimated 57% market share.”

The Confrontation

“Then came the fateful day when I was told that our company must pay a total of $9m in bribes to senior politicians (in state government) who had facilitated the raising of the money to pay for the license.”

“I refused to authorize the illegal payments.”

“James Ibori, the Governor of Delta State, was demanding $4,5m be paid to him in his personal capacity. He was one of the most powerful men in the country and had a reputation for violence. When he heard that I was refusing to approve payment he issued an ultimatum: ”Pay or I will chase you and your people out of the country.”

And the Resolution

I’d love to post that but maybe you should head on to Strive’s blog and find out for yourself.

Buckeyemedia1:
He shouldn’t claim what he did not do, Nigeria was investment hot bed for investment just after the military handed over because of the years of sanctions & uncertainty of the last decade, that was why the economy was growing as much as 8% 1999-2008.

The man only enriched himself & cronies, he takes credit for things that will happen as society progresses.

Lagos State was a progressive state way beforeTinubu way back during the time of Herbert Macaulay, Adeyemo Alakija.

fyneguy:
Lol what has this crap got to with "bringing a firm to Nigeria"? Did he say he OWNED it? Bro, you are full of crap.

fyneguy:
It's possible Tinubu attended a telecoms conference (I attended one in Dubai), where he met Musiyiwa of Econet and initiated it.

Most of those doubting it are ignorant of investment facilitation. They think it's impossible lol

Putinofrussia:
lol

Hatred has blinded some people sha.
Tinubu is the next president of Nigeria in 2023.
Where will you run to?

Buckeyemedia1:
Then why is he lying? No where to run to, Victoria Island Lagos State is my Home ever since when Tinubu stayed in Mobil House off Balarabe Musa Close, adjacent to Late Baba Adini of Nigeria’s mansion Yinka Folawiyo, walking distance from 1004.

President indeed, Party first, over personal ambition. The people come first, he will witness what Fela coined Army Arrangement.

Add am together, give me the answer. One answer you go get.

MrPristine:
In his characteristic manner, Tinubu made two statements that were pure lies at the screening of APC presidential aspirants yesterday, the first lie was that he brought Enron to Nigeria while the second lie is that he brought Econet to Nigeria.

While I won't accuse the geriatric of deliberately telling lies because of the obvious dementia symptoms that he has been exhibiting over the years, I will set the records straight.

Concerning Enron, after the company went bankrupt in 2001 some of their disused equipment were put of for sale. Lagos state government under the leadership of Tinubu without doing due diligence bought one of their old power plants.

This power plant was diesel powered, obsolete and very expensive to run and as a result of this they couldn't reach an agreement to integrate it into the national grid and it ended up being a wasted investment. It is dubious to claim that you brought a company that was already bankrupt to Nigeria just because you bought obsolete and disused equipment from them.

On the issue of Econet, Tinubu never played any role in bringing the company to Nigeria, the credit belongs to Bolaji Balogun and Strive Masyiwa who worked together to bring the company to Nigeria.

Lagos state government only invested in Econet after they got their operating license and needed funds to rollout. Delta state and a good number of other institutional investors also joined in investing in the company so it's very fraudulent for Tinubu to claim that he brought Econet to Nigeria just because Lagos state government joined others in investing in the company.

Even though I didn't expect any better given his questionable character, one would have expected that a man of his age and experience would not resort to obvious lies that can be easily exposed in his desperation to achieve his lifetime ambition.

If indeed he had any real achievements after his 23 years hegemony in Lagos state, he won't have had to resort to lies to market his presidential hallucinations. Let's all remain vigilant.
Concerning Econet, no comment but her did involve in the evening deal before the collapse of the company. This is history and try and read, learn and ask the elderly ones around you for more insight. I think you should be in primary school during Tinubu’s administration.
Cc: seun lalasticlala

Putinofrussia:
Tinubu has won.He has the midas touch.
We want a better Nigeria not these negative sentiments.

fyneguy:
How did he goof about Econet? Has Econet debunked his claim? Abi, you just assumed the firm was to big for Lagos, which turned out to be one of its investors, to facilitate their establishment in Naija?

Ventura1:
You mean Tinubu through LASG invited econet to bid for the GSM license way back then?

Buckeyemedia1:
Read what you pasted again, he did not bring them, ENRON in a letter dated June 9th 1999, ENRON International showed interest in working with Lagos State.

A month later Enron formed ENPH a special purpose Vehicle to construct & operate power plants in Lagos State.

The following month Lagos State went into an MOU.

From all facts above, it was a private company that wanted to set up business in Lagos State, he did not bring them.

Giving Walmart a private business looking to invest license to operate in Lagos State doesn’t mean you brought them.

With all due respect, all you brought Sir, was digital Agbero, LCC, Lekki Consensus Company & Toll gate, @ the fastest growing part of Lagos State to collect levy on your behalf.

MrPristine:
In his characteristic manner, Tinubu made two statements that were pure lies at the screening of APC presidential aspirants yesterday, the first lie was that he brought Enron to Nigeria while the second lie is that he brought Econet to Nigeria.

While I won't accuse the geriatric of deliberately telling lies because of the obvious dementia symptoms that he has been exhibiting over the years, I will set the records straight.

Concerning Enron, after the company went bankrupt in 2001 some of their disused equipment were put of for sale. Lagos state government under the leadership of Tinubu without doing due diligence bought one of their old power plants.

This power plant was diesel powered, obsolete and very expensive to run and as a result of this they couldn't reach an agreement to integrate it into the national grid and it ended up being a wasted investment. It is dubious to claim that you brought a company that was already bankrupt to Nigeria just because you bought obsolete and disused equipment from them.

On the issue of Econet, Tinubu never played any role in bringing the company to Nigeria, the credit belongs to Bolaji Balogun and Strive Masyiwa who worked together to bring the company to Nigeria.

Lagos state government only invested in Econet after they got their operating license and needed funds to rollout. Delta state and a good number of other institutional investors also joined in investing in the company so it's very fraudulent for Tinubu to claim that he brought Econet to Nigeria just because Lagos state government joined others in investing in the company.

Even though I didn't expect any better given his questionable character, one would have expected that a man of his age and experience would not resort to obvious lies that can be easily exposed in his desperation to achieve his lifetime ambition.

If indeed he had any real achievements after his 23 years hegemony in Lagos state, he won't have had to resort to lies to market his presidential hallucinations. Let's all remain vigilant.

Cc: seun lalasticlala

MrPristine:
In his characteristic manner, Tinubu made two statements that were pure lies at the screening of APC presidential aspirants yesterday, the first lie was that he brought Enron to Nigeria while the second lie is that he brought Econet to Nigeria.

While I won't accuse the geriatric of deliberately telling lies because of the obvious dementia symptoms that he has been exhibiting over the years, I will set the records straight.

Concerning Enron, after the company went bankrupt in 2001 some of their disused equipment were put of for sale. Lagos state government under the leadership of Tinubu without doing due diligence bought one of their old power plants.

This power plant was diesel powered, obsolete and very expensive to run and as a result of this they couldn't reach an agreement to integrate it into the national grid and it ended up being a wasted investment. It is dubious to claim that you brought a company that was already bankrupt to Nigeria just because you bought obsolete and disused equipment from them.

On the issue of Econet, Tinubu never played any role in bringing the company to Nigeria, the credit belongs to Bolaji Balogun and Strive Masyiwa who worked together to bring the company to Nigeria.

Lagos state government only invested in Econet after they got their operating license and needed funds to rollout. Delta state and a good number of other institutional investors also joined in investing in the company so it's very fraudulent for Tinubu to claim that he brought Econet to Nigeria just because Lagos state government joined others in investing in the company.

Even though I didn't expect any better given his questionable character, one would have expected that a man of his age and experience would not resort to obvious lies that can be easily exposed in his desperation to achieve his lifetime ambition.

If indeed he had any real achievements after his 23 years hegemony in Lagos state, he won't have had to resort to lies to market his presidential hallucinations. Let's all remain vigilant.

Cc: seun lalasticlala

lekanamisu:
Na you bring them?

fyneguy:
It's possible Tinubu attended a telecoms conference (I attended one in Dubai), where he met Musiyiwa of Econet and initiated it.

Most of those doubting it are ignorant of investment facilitation. They think it's impossible lol

Buckeyemedia1:
He shouldn’t claim what he did not do, Nigeria was investment hot bed for investment just after the military handed over because of the years of sanctions & uncertainty of the last decade, that was why the economy was growing as much as 8% 1999-2008.

The man only enriched himself & cronies, he takes credit for things that will happen as society progresses.

Lagos State was a progressive state way
beforeTinubu way back during the time of Herbert Macaulay, Adeyemo Alakija.