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  #1461 (permalink)  
Old 6th July 2009, 08:47 AM
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Default Re: Transcorp
Quote:
Originally Posted by c kenneths View Post
This is politics of bitterness on display. Some powerful forces has sworn to destroy Transcorp and they are stopping at nothing to achieve their aim. First they went after the oil well, stamped it out and went for Nitel, took them long to dislodge Transcorp from Nitel but they succeded at last. Now they are moving for the jugular, making a move for Nicon hotel will be their last strike.

I wonder why the present govt is standing aside watching as a registered company is decimated in broad daylight. Makes me wonder what the identities of the 'tormentors' are?
This is serously bad for the country, if goverment wants to encourage the private sector jumpstartinmg the economy then, these forward and backward movement must stop. how do we encorage investors for the ones we are about to sell when those sold are in confusion. when Dangote and Otedola (Bluestar) bought Portharcourt refinary one thing led to the other and the offer was witdrawn, two years after the conditions of the refinaries are not better, in all excesses of Obasanjo he has the will to live above political board and take dicisions that he feels is right ( even when som are wrong) and not being pushed by political interest.
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  #1462 (permalink)  
Old 6th July 2009, 09:03 AM
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Default Re: Transcorp
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Originally Posted by hispy99 View Post
I feel sad when people cripple the economy using tribal and religeon means for their selfish purposes. probably if nigerian Airways was privatised at the time it should have be done it would still have been serving its purpose. goverment in nigeria cannot run anything and nitel is dead without privatisation and it will affect everybody.
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  #1463 (permalink)  
Old 7th July 2009, 06:40 AM
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Default Re: Transcorp
Guardian Newspapers

Govt dumps sale of NITEL , opts for PPP
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  #1464 (permalink)  
Old 7th July 2009, 07:42 AM
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Default Re: Transcorp
Quote:
Originally Posted by hispy99 View Post
Guardian Newspapers

Govt dumps sale of NITEL , opts for PPP
Who will want to buy trouble? Any sale will be followed by prolonged / multiple court cases.

The best solution - liquidate Nitel completely. Determine all its assets and sell all of them; hopefully in a transparent process. Thereafter, with time, we will forget that Nitel ever existed (like Nigerian Airways)
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  #1465 (permalink)  
Old 7th July 2009, 01:15 PM
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Default Re: Transcorp
Quote:
Originally Posted by Gengen View Post
Who will want to buy trouble? Any sale will be followed by prolonged / multiple court cases.

The best solution - liquidate Nitel completely. Determine all its assets and sell all of them; hopefully in a transparent process. Thereafter, with time, we will forget that Nitel ever existed (like Nigerian Airways)
I think they will soon come to that realisation. Hopefully, sooner rather than later.
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  #1466 (permalink)  
Old 7th July 2009, 01:28 PM
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Default Re: Transcorp
Quote:
Originally Posted by Gengen View Post
Who will want to buy trouble? Any sale will be followed by prolonged / multiple court cases.

The best solution - liquidate Nitel completely. Determine all its assets and sell all of them; hopefully in a transparent process. Thereafter, with time, we will forget that Nitel ever existed (like Nigerian Airways)
This is an excellent solution. If only they will listen to u.
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  #1467 (permalink)  
Old 7th July 2009, 05:25 PM
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Default Re: Transcorp
Quote:
Originally Posted by zainabusman View Post
This is an excellent solution. If only they will listen to u.
Excellent for who? Some people feed fat on NITEL. So they will do everything to ensure that government is in charge. I doubt whether Yaradua will be able to privatise any government enterprise. See the way they went U turn on PHCN. Those milking the parastatals are back in government and will not allow the privatisation to succeed.

No sensible investor will buy NITEL while government still have equity in it! We all know that the FG is the last person you want to have running business with you
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  #1468 (permalink)  
Old 8th July 2009, 06:32 AM
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Default Re: Transcorp
FG restates commitment to Nitel/Mtel sale
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  #1469 (permalink)  
Old 9th July 2009, 07:54 PM
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Default Re: Transcorp
@wanaj0

I completely agree with you. These national assets are nothing but huge feasts for a section of the country. Interestingly only one section -the north- rule Nigeria today and they want to keep everything national for easy reach.
Read this

How sectionalism threatens Nigeria's future

Until Nigeria is well negotiated and stable, I'll stay away from Transcorp.
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  #1470 (permalink)  
Old 11th July 2009, 12:44 AM
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Default Re: Transcorp
..: Welcome to Transnational Corporation of Nigeria Plc.
Transcorp Plc set to expand Hilton hotel
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  #1471 (permalink)  
Old 11th July 2009, 01:59 AM
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Default Re: Transcorp
Quote:
Originally Posted by hispy99 View Post
..: Welcome to Transnational Corporation of Nigeria Plc.
Transcorp Plc set to expand Hilton hotel
Oasis. Positive news outta the debris of negatives. Thou had better held tenaciously to the hilton, for it is proving to be thy only meal ticket.
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  #1472 (permalink)  
Old 11th July 2009, 02:30 AM
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Default Re: Transcorp
This company is as good as dead so my sincere advice for everyone is to stay clear because even in the next 3 years i do not see investors reaping from this company....it's just like other Federal Government Moribund business apart from the Oil sector which is booming a bit...
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  #1473 (permalink)  
Old 13th July 2009, 06:24 AM
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Default Re: Transcorp
Confusion over privatisation of NITEL
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  #1474 (permalink)  
Old 16th July 2009, 04:01 AM
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Default Re: Transcorp
Sale of NITEL
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  #1475 (permalink)  
Old 22nd July 2009, 02:01 AM
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Default Re: Transcorp
Nigeria calls bids for telecoms operator Nitel, units | News by Country | Reuters
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  #1476 (permalink)  
Old 23rd July 2009, 05:33 PM
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Default Re: Transcorp
Controversy trails planned re-sale of NITEL, M-Tel - Proshare
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  #1477 (permalink)  
Old 28th July 2009, 01:53 PM
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Default Re: Transcorp
Nigeria cut off from SAT3 over NITEL’s unpaid fee
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  #1478 (permalink)  
Old 28th July 2009, 08:55 PM
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Default Re: Transcorp
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Originally Posted by hispy99 View Post
everything about these company is controversy,consequently,Forumites have deserted it, if not for Hispy99 this thread would have been a dead one. Thank you for continues update.
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  #1479 (permalink)  
Old 29th July 2009, 01:56 PM
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Default Re: Transcorp
Nitel/Mtel interim board divided over N15bn request
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  #1480 (permalink)  
Old 29th July 2009, 06:19 PM
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Default Re: Transcorp
Can any good thing come out of transcorp?
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