₦airaland Forum

GEJ = OLX

SELL IT

Pessimistic? Phew! U need a good dictionary sir

jayhans:
I wonder why sum ppl re so myopic in tinking... dis is a welcm development in wich we all re supposed to be pessimistic abt. Bt rada sum ppl will cum here nd run their maut as they like....dis move can help nigerians in many ways
1. Indigenous telecoms companies re just wat we nid... cos they re our own nd will take our needs nd wants into cognizance rada dan extorting us the way mtn av bin doing.
2. Provision of employment
3. This might just be the breaktru we av bin waiting for as regards cheap data
4. And finally there will enuf room for competition among these netwrk providers..we all re living witnesses to these.. let me stop here for nw..
MORAL LESSON:- DNT ALWAYS WAIT FOR THE GOVERNMENT TO MAKE UR LIFE BETTER. THE KEY TO A BETTER LIFE IS IN UR HANDS... IF OUR DEAR GEJ DAT WE ALL AV BIN INSULTING HAD WAITED FOR THE GOVERNMENT HE WULD AV PROBABLY ENDed UP A SHOELESS FISHERMAN... LET GMB DO HIS WRK.... GET A LIFE ND STOP DECIDING WHU SHULD ND SHULD NT BE PUT IN PRISON

I prophesy come may 29th bros jona and his cohort will be chilling in kirikiri maximum prison with oga asari fanning him as his cell mate. come may no place to hide for the wicked. I laugh in Swahili.

lexy2014:
wetin even surprise me na d way govt begin hyperactive after election.everyday something new. Jona no wan hear oh

guy, it sold before APC primary election check every details online

Funny that u guys couldn't see the true pix.... Ayeni is fronting for A.A oil. A close friend of former bayelsa governor who is from okene kogi state... We all know him. And trust me when I say nitel has been sold since December and I don't know why dey delay the announcement.... Stupid people

Is NITEL still existing?

gateleo:
After fourteen years and five failed attempts to sell the Nigerian Telecommunications Limited, the Federal Government on Tuesday finally handed over the beleaguered first national telecommunications company to new core investor, NATCOM Consortium.

At a ceremony attended by notable persons in the privatisation circle, the Bureau of Public Enterprises handed over instruments of ownership and licences of operation to the Chairman of the NATCOM Consortium, Mr. Tunde Ayeni, who said over $1bn was required to revive the company.

Speaking at the ceremony, Vice President Namadi Sambo, who chairs the National Council on Privatisation said the formal handover was a clear indication that where there is focus and determination, there is a way.

Sambo who was represented by a member of the technical committee of NCP, Mr. Emmanuel Amadi, listed the several failures in the past and added that the success at this time was a reflection of the determination of the NCP and the BPE to increase competition in the telecommunications industry.

He said, “It was the realisation that Nigeria will not attain the desired economic growth without adequate reforms and liberalisation of the telecommunications sector that informed commencement of the telecoms sector reforms in 2001.

“These led to the attempted privatisation of NITEL and M-Tel through strategic/core investor sale to Investors International London Limited. Unfortunately, that flagship transaction failed as the preferred bidder could not meet the deadline for the payment of the purchase consideration.”

He continued, “Failure of first strategic investor sale led to the execution of a management contract with Pentascope in 2005. The management contract did not improve the operational and financial position of NITEL and M-Tel and was terminated.

“Orascom Telecoms emerged the highest bidder with $256m during the second privatisation attempt. Its bid was however rejected by the Federal Government as it was below the reserve price.”

NCP in 2006 adopted the ‘willing buyer-willing seller’ strategy. The strategy which threw up Transnational Corporation as the core investor was adopted to shorten the transaction period since the financial position of NITEL was deteriorating.

Following the inability of Transcorp to turn around the fortunes of NITEL, the NCP on June 1, 2009 revoked the sale of the telecommunications company and its mobile subsidiary.

In another strategic/core investor sale in 2011, both New Generation Communications Limited and Omen International Limited that emerged preferred and reserve bidders could not pay the purchase price and the transaction had to be cancelled again.

Consequently, NCP approved the privatisation of NITEL and M-Tel through guided liquidation. It also on November 11, 2013 approved the appointment of Chief Olutola Senbore as the liquidator of NITEL/M-Tel.

At the financial bid opening on December 3, 2014, NATCOM emerged the preferred bidder with an offer of $252.25m bid price.

NATTAG which had been prequalified by BPE to participate in the process was disqualified as a result of the failure of the company to include a $10m bid bond as had been prescribed in Request for Proposal document.

Speaking at the handover ceremony, Ayeni said immense gaps and opportunities still exist in the Nigerian telecommunications market despite the competition in the industry.

According to him, with a good team of investors and management, NATCOM was ready to make the difference required to succeed. He indicated that the company would roll out services soon after rebranding.

http://www.punchng.com/news/fg-hands-over-nitel-to-core-investor/

..Jail is calling some people. .will soon wake up to see..Fg has privatised Abia state

saintdareok:
guy, it sold before APC primary election check every details online

and did I contest that fact?

dying minutes looting

gateleo:
Where are we going in this Country? The same Tunde Ayeni that donated 5billion naira to Jonathan /Sambo re-election is now the owner of 'our NITEL'

Orascom paid 256million dollars in 2006 but the Nigerian Govt refused selling it because it was below the reserve/value price, now after 9 years they now sold NITEL for 252million dollars! 4million less than the 2006 price. Which way Nigeria?

Leave the guy, he is just wasting his stolen wealth.

When #SaiBaba resumes duty, we will simply recall NITEL amongst other "National Assets" which cannot be left in Private hands since "Due Process" was not followed in the transaction.

It is obvious that Jonathan wants to create a lot of havoc for the incoming President so as to bug him down with myriads of "nonsensical issues".

I swear, this Jonathan MUST smell Kirikiri, at the end of the day.

gateleo:
Where are we going in this Country? The same Tunde Ayeni that donated 5billion naira to Jonathan /Sambo re-election is now the owner of 'our NITEL'

Orascom paid 256million dollars in 2006 but the Nigerian Govt refused selling it because it was below the reserve/value price, now after 9 years they now sold NITEL for 252million dollars! 4million less than the 2006 price. Which way Nigeria?

FRANKLY SPEAKING POLITICS APART,SUCH ISSUES OF ACCEPTING LESSER AMTS AFTER PREVIOUSLY REJECTING HIGHER AMTS ON A DEAL DO HAPPEN IN BUSINESS,HOW?THE PREVIOUS AMT MIGHT BE CONSIDERED UNDERVALUE TO D DEAL,BUT AFTER LACK OF INTEREST FROM ANY ANGLE TOWARDS D DEAL,AND CONSIDERING HOW LONG IT HAS BEEN REDUNDANT,WITH NO SIGN OF FUTURE POTENTIAL BUYER,U CAN CUT UR LOST AND ACCEPT THE FAIR DEAL,INSTEAD OF LOSING PER WHOLE DUE TO PREVIOUSLY UNINTENTIONAL ERROR.SOMEBODY I KNOW LOST 500K ON A VEHICLE SOMEBODY WANTED TO PAY CHEQUE OF 1.5M LAST 9MTS AGO,BUT HE DECLINED SELLING EXCEPT ITS 1.7M,BUT HE LATER SOLD IT 1M THIS MONTH,SO IT HAPPENS.

Lame duck presidency. Everything will be reversed after May 29 2015. LMAO!

odave:
Pessimistic? Phew! U need a good dictionary sir

I guess dats y ur life has bin stagnant... u re busy faulting ppl's post dat u neva av tym to create urs..... wise up bro get a life. Afterall english no be my language. I cn chose to murder it if i want

Oh! I have an idea, I think I should privatize my d*ck too...do u think its a good idea

I'm glad Nitel is eventually successfully sold. But there's something about this Tunde Ayeni, he's definitely fronting for a (some) big wig(s). He's just everywhere in this regime. Learnt he's a very close associate of .........

Evegreen:
So NITEL still exists, thought they became extint ages ago......

NITEL doesn't exist, it's a non functional entity with zero operational capacity, it's empty and shallow with zero capacity to function as a communication company.

This sale is more about real estate. The new owners and cronies in government just bought a skyscraper and one of Nigeria's iconic landmarks, they just bought the huge NITEL HQ in Abuja, they just bought hundreds of landed properties and buildings belonging to NITEL all over the country including offices and guest houses in Ikoyi, VI and in other highbrow areas and GRAs across Nigeria all for little change and peanuts. The money probably won't hit any FG account..

This is a real estate heist and robbery...

This same Tunde Ayeni is the current Chairman of Skye Bank the same Institution that bought over Enterprise Bank which is held in trust for Jonathan and Dieziani. This was done to further increase their networth in the Banking Industry after purchasing Heritage Bank already using Ifie Sekibo as front. In the interest of this nation, all lovers of Nigeria must reject this daylight robbery of a major asset and heritage by Tunde Ayeni who neither has the capacity nor the competence to manage a Bank not to talk of a mega institution like Nitel. Buhari please take note.......

Saw that on another thread. My people GEJ wants to sell everything to himself and buddies before he leaves

Pls wen will dey start recruitment..na dat 1 dey hungry me...

Excuzeme:
Leave the guy, he is just wasting his stolen wealth.

When #SaiBaba resumes duty, we will simply recall NITEL amongst other "National Assets" which cannot be left in Private hands since "Due Process" was not followed in the transaction.

It is obvious that Jonathan wants to create a lot of havoc for the incoming President so as to bug him down with myriads of "nonsensical issues".

I swear, this Jonathan MUST smell Kirikiri, at the end of the day.

How you take know say dem no follow due process...

jonahmonda:
APC by now should be busy doing the calculation on how to make 1naira=1dollar. Instead of poke-nosing on what the current administration is doing.


May be they should hire Prof. Chike Obi to help them out with the formula on how to make 1naira=1dollar.


I know some mumu will quote me now and say the that APC/Buhari didn't say that.


Quote me and say nonsense, and u will see what will happen to you.

U are an ediot..Bringing u 2 dis world was a mistake in d first place

yeye dey smell
BPE selling the wealth of the nation to the cabal since inception...

Dead on arrival!

gateleo:
Where are we going in this Country? The same Tunde Ayeni that donated 5billion naira to Jonathan /Sambo re-election is now the owner of 'our NITEL'

Orascom paid 256million dollars in 2006 but the Nigerian Govt refused selling it because it was below the reserve/value price, now after 9 years they now sold NITEL for 252million dollars! 4million less than the 2006 price. Which way Nigeria?

It's really funny.

notttty:
Funny that u guys couldn't see the true pix.... Ayeni is fronting for A.A oil. A close friend of former bayelsa governor who is from okene kogi state... We all know him. And trust me when I say nitel has been sold since December and I don't know why dey delay the announcement.... Stupid people

[size=14pt]the man in question is 2big2 be a front 4 diepreye, former gov of bayelsa. Tounde is a business partner 2 chairman peace committee for transition govt, who is trying 2give jona a soft landing, sothat jona won't go 2jail [/size]

In Fela's voice, na de sell sell na hin de sweet dem pass.

Some 1 wey donate 5 billion to you why u no go sell am cheap 4 mil diffrence from 2006 bidder. Chai! Thank God dem no sell river Niger

saintdareok:
guy, it sold before APC primary election check every details online

u were just †oo eager †☺ type. U didn't take time †☺ read my post which are just a few lines, cos what u typed has no correlation with my post

Ds zoo is gone belve u me

GEJ

Your water must boil
Ride on sire!!

Yeahreen:
Pls wen will dey start recruitment..na dat 1 dey hungry me...

now you are talking

Yes na, tym no dey

saintdareok:
now you are talking

A consortium run by Skye Bank’s chairman, Olatunde Ayeni, the founder of Sahara Energy, Tonye Cole, and two other companies, have received the nod from the Nigerian government to take over the country’s moribund, but potentially lucrative telecom carriers, NITEL and MTEL, once they pay $242.3 million (about N42.4 billion).
The investment vehicle, NATCOM Telecommunications, on Wednesday emerged the sole bidder for the Nigerian Telecommunications Limited, NITEL, and its mobile subsidiary, the Mobile Telecommunications, Mtel.
NATCOM has as members NATSPACE Telecommunication Investment Limited, PCCW Global Limited, Prime Union Investment Limited, Olutoyi Estate Development & Services Limited, Legal Resources Alliance & Co., Sahara Energy Resources Limited, and LM Ericsson Nigeria Limited.
Of the seven firms, Mr. Ayeni, profiled as a businessman and lawyer on Skye Bank’s website, owns three, PREMIUM TIMES can confirm.
He is the founder and operator of Prime Union Investment Limited, Olutoyi Estate Development & Services Limited, and Legal Resources Alliance & Co. There are suggestions that he has link with NATSPACE but PREMIUM TIMES is unable to independently verify that as at the time of publishing this report.
Mr. Ayeni is leading NATCOM in its acquisition of NITEL/MTEL less than two months after he similarly led Skye Bank to buy Mainstreet Bank from the Assets Management Company of Nigeria, for N120 billion.
In 2013, Mr. Ayeni was the chief promoter of Integrated Energy Distribution and Marketing Company Limited, a group that eventually bought the Ibadan and Yola electricity Distribution Companies, DISCOs.
Mr. Cole is the owner of Sahara Energy, while LM Ericsson is a subsidiary of Swedish group, Ericsson.
NATCOM, which merges the seven firms, appears to a new corporate entity created solely for the purchase of NITEL/MTEL. Very little is known about the consortium.
If the group pays the agreed N42.4 billion to the government, it would be a successful sale that comes after four failed attempts by the Nigerian government to dispose of NITEL.
It however remains unclear whether the N42.4 billion offered by the consortium represents the real value of the telecommunication carriers.
NATCOM emerged winner after NETTAG Consortium, another little known group, was disqualified for failing to attach a $10million bid bond to its bid submission as stipulated in the Request for Proposals (RFP) to prospective bidders.
The RFP requires that 30 percent of the bid price be paid within 15 days of notification to the bid winner, while the balance would be paid within 90 days.
The bid would still have to be subjected to the approval of the National Council on Privatisation, a requirement that appears more of a formality as Wednesday’s bid process was organized by the Bureau for Public Enterprises, BPE, and supervised by the NCP.
At the commencement of the exercise, NATCOM made an initial offer of $221million for NITEL and MTEL.
But the NCP technical committee chairman, Atedo Peterside, who was represented by his deputy, Haruna Sambo, rejected the offer.
The company reviewed its offer to $252.251million, which was immediately declared acceptable.
“I am happy to announce that the resized bid has met the reserve price,” the chairman, Mr. Sambo announced.
According to Mr. Sambo, following the disqualification of NETTAG Consortium, only NATCOM Consortium’s financial bid was considered qualified.
He said apart from submitting a valid bid bond, NATCOM’s technical bid proposal scored an average of 92 per cent, which was considered above the minimum pass mark of 75 percent.
Nigeria started the process of privatising the national telecom groups in 2000 as part of the government’s reform of the telecommunications sector.
However, four attempts and a management contract aimed at repositioning the firms ended without success.
In 2001, the government tried to sell 51 per cent equity to Investors International London Limited (IILL) as the strategic core investor.
There was also the failed management contract by Pentascope in 2005, the aborted Orascom Telecoms bid in 2005, and the strategic core investor sale through negotiated sale strategy to Transcorp that was cancelled in 2009.
The last effort was the strategic core investor sale in 2011, where New Generation Communications Limited and Omen International emerged preferred and reserved bidders respectively.
Following the last failed attempt, Mr. Sambo said the guided liquidation strategy approved by the NCP was adopted.
BPE director general, Benjamin Dikki, said the NCP was faced with numerous challenges, including outstanding unpaid terminal benefits of ex-staff of NITEL/Mtel, arrears of salaries of retained staff and outsourced security as well as accumulated unpaid license and other fees to the National Communications Commission (NCC).
The Minister of Communications Technology, Omobola Johnson, said the privatization of the government-owned telecoms companies was the last segment in the reform process in the country’s telecommunication sector, which commenced since 2000.
She said the Federal Government would continue to fine tune policies to provide enabling environment for the growth and development of a private sector-driven telecommunications industry.
Mrs. Johnson said the liberalisation of the sector in the last 13 years attracted new investments valued at over $32billion entirely from the private sector, resulting in over 130 million subscribers compared to just 750,000 previously.

Source: http://www.premiumtimesng.com/business/172332-skye-bank-chairman-ayeni-sahara-energy-owner-tonye-cole-others-buy-nitel-mtel.html

There is a need for three (3) marketers @ ftlawi global Nig. Ent.

Ftlawi Global Nig. Ent. is a service company based in Nigeria which is into rendering different mode of services to clients.
It is presently recruiting marketers for her cleaning services unit which is one of the service unit of the organisation.

Requirement : Most be resident in Surulere
With Minimum of 3 years experience in sales & marketing
Minimum of OND in any discipline
Good in social media network and computer operation knowledge


Kindly send CV to ftlawi@gmail.com , www.ftlawiglobalservices.com.ng
contact : 08083333740 , 08154393752