Three Nigerian banks, Guaranty Trust Bank, Access Bank and Zenith Bank. are reportedly set to take over the management of telecommunications company, Etisalat, over unpaid N541.8 billion debt.
Woah, lack of Data Subscribers due to High Data plan Rates? That must be the reason etisalt went into such debt that led to a crash.
Etisalat in Nigeria has the highest Data rate plan that comes with a poor network service so far as far as i’m concerned.
But how did Airtel NG survive?
According to reports, Etisalat had obtained a loan facility totalling $1.72 billion (about N541.8 billion) in 2015 from a consortium of some foreign and Nigerian banks including Guaranty Trust Bank, Access Bank and Zenith Bank.
The telecommunication company that commenced operation in 2009, collected the loan to finance a major network rehabilitation and expansion of its operational base in Nigeria.
Etisalat has blamed the current recession for its inability to pay the loan. The affected banks have dragged Etisalat before the banking sector regulator, the Central Bank of Nigeria, CBN, and the NCC.
They have advised that Etisalat request for a bankruptcy status. NCC has reportedly approved the takeover of the company which is to take place today.
No way. Etisalat users are gonna face the music. These three banks mentioned also have proven to have the worst banking experience ever.I never enjoyed banking with access bank let alone GTB or Zenith, Handing telecommunication to them is like pouring water in a basket. Etisalat will be so ruined in the management of those banks.
I repeat No way
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KenPoly graduate who killed himself, cheated on his girlfriend
Shocking news of a graduate of Ken Saro-Wiwa Polytechnic (Kenpoly), Charles Orji who killed himself over a breakup with his girlfriend broke the internet last week.
The sad news was shared by a Twitter user who wrote,
“A Graduate From The Department Of Estate Management KenPoly Named Charles Orji Has Reportedly Committed Suicide This Morning After his girlfriend dumped him!!! Na wao!”.
Ken Saro-Wiwa polytechnic officials reported that Charles took in “sniper”, a strong insecticide, as a means to end his life.
According to reports by close persons, Charles was hurriedly buried in his hometown due to the unfortunate nature of his death.
As of last week, the reason behind the break-up wasn’t not know until Charles’s family member revealed the unknown. Charles cheated on his girlfriend and killed himself because his girlfriend refused to continue with the relationship.
The family member wrote,
“Charles I’m mad at you for what you’ve done and what you put my sister and our family through, we all loved you for who you were to her and to us. This isn’t the first time you’ve tried to kill yourself for a girl you love, but why make rejoice take the blame for your suicide this time around?
“You weren’t faithful to her but you claimed to love her, you confessed to sleeping with her close friend and even other girls, you weren’t faithful but she forgave you, even though she decided not to put up with your unfaithfulness anymore. You made such a rash decision drinking 3 bottles of sniper just because of the text she sent to you, didn’t even wait to talk to her, when you were rushed to the hospital, she had to send 20k to your people for hospital bills, money she doesn’t even have… before you died you told people that she is to be blamed for your death, now on social media people are cussing her out because of you, your family is threatening her, she’s not safe anymore.
charley, you’ve brought her pain, and no one is even giving her a listening ear… you don’t do that to someone you love… I’ve said enough, let me not say anymore.
“Rest In Peace”.
Lady who videoed Success, cries out for her own share of money
We’ve waited a very long time for this. A time when the lady who videoed Success will ask for her own share of the cake.
Recall the viral video of a school girl, Success Adegor who was chased home for not paying her school fees.
Success got several monetary donations from Nigerians and the Delta State government. Some promised to look into her school’s improverished state and fund her education to tertiary level.
Well, the director of that video,a lady identified as Stephanie Idolor has cried out for her own piece of cake. Obviously, nothing has gotten to her yet as she wrote a piece on Instagram which reads.
“It’s not like I want to share any percentage of the money they have made with them, they are my neighbours, but If Success and Her Family Have Made Over N5Million I deserve at least N1Million”.
Well, to me, I think Stephanie Idolor deserves more than one million naira. She carried out pure Journalism.
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