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Nairaland Forum / Nairaland / General / Politics / Banks Get Marching Order To Sell-Off Discos’ Shares (13257 Views)
Video Of Obidients Marching To Teslim Balogun Stadium For Peter Obi Mega Rally / Banks Get Marching Order To Sell-off Discos’ Shares / The Game Is Over For APC As Buhari Receives Marching Order To Accept Defeat (2) (3) (4)
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by deeway200(m): 8:06am On Dec 14, 2022 |
Dreal1247:You are right bro. Those politicians are alariburuku |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by stevups(m): 8:11am On Dec 14, 2022 |
beejay509:But why not Sowore? I think Sowore is younger |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by UnknownT: 8:19am On Dec 14, 2022 |
Ease of doing business in the mud. How can 40percent share owner wake up one day and sack 60 percent share owner? Because the minority has government backing it. Then again, it serves the investors right, you took a loan to buy a disco but for years, you haven't been servicing the loan, declaring losses to the Government but taking the profits to yourself, no major investment in the disco you bought, running the Disco same way the Glazer's family have been rumning ManUtd. Case study is the Benin Disco that was bought by Vigeo Holdings 1 Like |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by Eniitankorede: 8:21am On Dec 14, 2022 |
yomi961: Atiku that wants to sell NNPC to his friends at cheap prices? Atiku that wants to sell refineries at cheap prices again? The ones he sold was a waste of resources and of no benefit to anyone. God forbid. |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by Eniitankorede: 8:23am On Dec 14, 2022 |
Tinubu will even do better. The first Governor to bring independent power supply to Nigeria. That’s the person we want. Not failures like Atiku and Obi. 1 Like |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by BreconHills(m): 8:58am On Dec 14, 2022 |
Ofodirinwa: Whose cronies? Current Discos were set up under GEJ admin 1 Like |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by Nobody: 9:02am On Dec 14, 2022 |
Davies25:true. I always get this feeling too 1 Like |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by JAGS001(m): 9:15am On Dec 14, 2022 |
yomi961:you forgot to add "he sells off the disco's put us in many years darkness and trabaye with the money abroad with the help of his wife madam Titi" and also he was the sole distributor and ambassador of mikano generators in Nigeria that makes the rich less worried about electric power supply |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by emorse(m): 9:36am On Dec 14, 2022 |
UnknownT:Ah! Finally someone understands what I've been trying to explain to one man here who insists that tariffs must be increased before any improvements can be noticed. Whenever I try to make him understand that we're being tremendously over-billed and ripped off with estimated billing, he quotes one PWC document to back up his claims. Whether PWC dey follow me pay for light wey I no use. Abi whether there is 100% guarantee say the figures wey DISCOs give PWC dey accurate. How do you run a business without investing in it? How do you make losses for five straight years yet refuse to step aside? How do you justify that you mean well yet frustrate every effort made to meter your customers? Like you rightly pointed out, the government's move is not very good for our business image but I think it is necessary. The UK government did far worse to Russian businesses and heaven did not fall. 1 Like |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by emorse(m): 9:38am On Dec 14, 2022 |
Davies25:There a high chance we will miss him. I almost got physically attacked when I said this sometime ago. I just close my mouth jeje. 1 Like |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by owobokiri(m): 11:20am On Dec 14, 2022 |
No one is serious about solving the power problems here. They're just trying to resell the discos to their cronies. How many days before the end of Buharis term? They have been in power for almost 8 years. 2 Likes |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by adejobi34h: 11:52am On Dec 14, 2022 |
I'm beginning to think differently...the new naira design is for the benefit of corrupt politicians...they want to store the new notes cos the old one are damaged and not expendableI'm beginning to think differently...the new naira design is for the benefit of corrupt politicians...they want to store the new notes cos the old one are damaged and not expendable... |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by otokx(m): 12:22pm On Dec 14, 2022 |
UnknownT: Is the BEDC matter not in court? |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by UnknownT: 12:42pm On Dec 14, 2022 |
otokx:it is in court, adjourned till next year. |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by erico2k2(m): 2:25pm On Dec 14, 2022 |
Parachoko:Paid that to Atiku and got the VP slot |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by erico2k2(m): 2:28pm On Dec 14, 2022 |
emorse:if they resell it we al are still going to be in same boat. What the Fg needs to do is make sure the Discos owners are not truly making any profit, let us see if they wont re invest their monies like the telcoms.The way 4ward is to make Pre-paid meters mandatory for any charge or bills to be collected. |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by erico2k2(m): 2:29pm On Dec 14, 2022 |
BreconHills:Look when PDP was in power Dangote was their friend, Now APC is in Power Dangote is still their friends, this is what cronies act like. |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by erico2k2(m): 2:31pm On Dec 14, 2022 |
Eniitankorede:NNPC should be sold and a clause of quantity of product to be delivered daily plus committed investment. Why do you think the 6 Discos was taken over by the banks?People already lost monies in them Discos as they where not making money and could not fulfil their finical obligations t the banks. |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by JoeNL22(m): 2:32pm On Dec 14, 2022 |
Buhari.....give marching orders to your people and associates to vote and canvass for Omoluabi Obi. |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by worldTina(f): 2:32pm On Dec 14, 2022 |
Nice one |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by BreconHills(m): 3:10pm On Dec 14, 2022 |
erico2k2: Dangote gives money to all parties during elections. Cronies are people appointed and given licenses for the aim of benefit. GEJ overlooked Siemens to give disco licenses to friends and family. Those people give regular kickbacks. Has Nigeria not gone back to the same Siemens now? |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by Eniitankorede: 3:42pm On Dec 14, 2022 |
erico2k2: The discos were fraudulent contracts awarded by Peter Obi to incapable investors. That’s why he will never win this election. |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by santuse: 4:47pm On Dec 14, 2022 |
OK, let them look for capable hands not their cronies |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by emorse(m): 6:45pm On Dec 14, 2022 |
erico2k2:I agree 100% with the bolded. |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by erico2k2(m): 7:41pm On Dec 14, 2022 |
Eniitankorede:YNo disrespect you still do not have any idea of what it means to privatize an FG asset like This, The Biz model of formal NEPA was split into two GENCOs and DISCOS, Brilliant idea. The only thing wrong with this is the Mode of operation, as it is with this present mode of operation even if it was sold at One Naira, you will still make a loss, The Only way this would work is to make sure that if they do not supply power, they do not get a kobo.What that means is this even if the GENCO was bought for N100 only, the will have to invest Millions to upgrade the infrastructure in order to make profit of some sort. The way forward is to mandate the owners of GENCOs to install Prepaid meters in all household B4 they can bill anyone. Take the Telcoms as case sturdy. |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by erico2k2(m): 7:50pm On Dec 14, 2022 |
BreconHills:So in ur own understanding of all I wrote Dangote to you is not one of the said cronies? |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by BreconHills(m): 8:45pm On Dec 14, 2022 |
erico2k2: No he is not. He has a clear strategy to be in the good books of government irrespective of party. All large companies have the same goals - increase shareholder value. |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by Eniitankorede: 10:27pm On Dec 14, 2022 |
erico2k2: Obi and other committee members knew that the investors lacked capacity and funding. Yet they gave them the contracts. This was a disaster waiting to happen. Did they get bribed? Your guess is as good as mine. |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by Ofodirinwa: 12:14am On Dec 15, 2022 |
BreconHills: ok? |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by erico2k2(m): 5:18pm On Dec 15, 2022 |
Eniitankorede:Another demsay, wise investors knew that no matter how low the cost of Buying the newly privatized structure was ,they will run at a loss, so here comes the no experience people who thought it was a walk in the park, what happened to them now? they lost billions and the banks took over their assets. Its these same assets the FG is asking the banks to resell/relist in the public xchange.Would you put your one kobo into it if asked? |
Re: Banks Get Marching Order To Sell-Off Discos’ Shares by Eniitankorede: 7:09pm On Dec 15, 2022 |
erico2k2: They were not stupid. They thought they were going to make a profit from extorting the people through estimated billing. But the new government fought against it. That’s why they are counting their loses. |
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