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AMCON To Takeover Ben Murray-Bruce Companies - Politics (7) - Nairaland

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Ben Murray-Bruce Visits Goodluck Jonathan (Photos) / Buhari To Travel Tonight For Medical Followup. VP To Takeover / AMCON Officials Taking Over Ben Murray's Silverbird Cinema In Lagos (2) (3) (4)

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Re: AMCON To Takeover Ben Murray-Bruce Companies by Trunaijian: 10:16am On Jun 23, 2016
rose54321:
Haba na, the Federal government should step in and bail out companies like this.

If Silverbird is closed down, it's average Nigerians like me and you that will lose their jobs and suffer.

This is common sense, the government should put systems in place to help business and companies from closing down. The military approach wouldn't work here.
The taking over of assets by AMCON does not necessarily mean loss of jobs. Their major mandate is to revive them. This can be done in several ways: I. By injecting sufficient funds ii. Outsourcing the overseeing of company to competent consultants iii. Re-selling the assets to ready investors. Iv. Changing key management personnel etc, etc.
I have said my own, if things keep getting hard the masses will protest.
Re: AMCON To Takeover Ben Murray-Bruce Companies by xtraodinaire: 10:18am On Jun 23, 2016
rose54321:
Haba na, the Federal government should step in and bail out companies like this.

If Silverbird is closed down, it's average Nigerians like me and you that will lose their jobs and suffer.

This is common sense, the government should put systems in place to help business and companies from closing down. The military approach wouldn't work here.



I have said my own, if things keep getting hard the masses will protest.

The fact that you are trying to make sense is commendable but you missed it.
Silverbird group owed billions to Union Bank (who employs way more people than the silverbird group), Amcon bought this debt from Union bank which in turn saved the bank from collapse and jobs of thousands.
Now Amcon has to get their money back from their debtor. If you remember correctly AMCON was established in 2010 after the collapse of the likes of Oceanic bank and co with federal government funds (so Amcon buying back a debt is government intervening and rescuing both Union bank and Silverbird from collapse).
Amcon will not seal off silverbird group, they will take control of their management (remember they are Asset Management Company of Nigeria). So they will run the business to generate profit since Silverbird group defaulting on its loans means they aren't profitable.
So the federal government saved two big businesses.

Hope you understand better now.

3 Likes

Re: AMCON To Takeover Ben Murray-Bruce Companies by Ferdinandu(m): 10:18am On Jun 23, 2016
It is unfortunate that those that is supposed to be opposition in this country all have their hands soiled in one dirty deal or the other. Though it is obvious that Buhari Govt is using that to silence the opposition but obviously,it is better they all pay for their sins. Buhari and APC can never rule Nigeria forever, if they don't learn from PDP woes then their own day of reckoning is coming. It is time that changes everything. We need people who are credible enough to be the voice of opposition not Opportunist who are bitter because their biscuits has been snatched from them.

Twitter Senator if you are owing banks and not servicing the loans I hope you are not going to come out and shout Witch hunting until settle your debts.
Re: AMCON To Takeover Ben Murray-Bruce Companies by JayZeus(f): 10:18am On Jun 23, 2016
lipsrsealed Here goes another massive Job Loss grin undecided undecided
Re: AMCON To Takeover Ben Murray-Bruce Companies by bender79: 10:20am On Jun 23, 2016
[quote author=IykeChukz post=46840058][/quote] Shatap! E pain you.
Re: AMCON To Takeover Ben Murray-Bruce Companies by wowmenow: 10:21am On Jun 23, 2016
dammytosh:


Bros they got a court injunction.

Please forget the tribal sentiment and be objective.

Or research to cure your ignorance.

they handed all his business to muiz banire who is a tinubu boy
you are talking of being objective
when will amcon seize government properties for oweing their contractors
pure withch hunting and nothing more


Re: AMCON To Takeover Ben Murray-Bruce Companies by wowmenow: 10:21am On Jun 23, 2016
dammytosh:


Bros they got a court injunction.

Please forget the tribal sentiment and be objective.

Or research to cure your ignorance.

they handed all his business to muiz banire who is a tinubu boy
you are talking of being objective
when will amcon seize government properties for oweing their contractors
pure withch hunting and nothing more
Re: AMCON To Takeover Ben Murray-Bruce Companies by trekkie: 10:22am On Jun 23, 2016
.

3 Likes

Re: AMCON To Takeover Ben Murray-Bruce Companies by greatcrown: 10:22am On Jun 23, 2016
No cause for alarm! While the businesses were up and running they could not pay their indebtedness. Govt is only helping the senator to reduce his headache.

With the companies seized, his worries will be less.

My thought though!
Re: AMCON To Takeover Ben Murray-Bruce Companies by kokobongo: 10:25am On Jun 23, 2016
I just want to make common sense

1 Like

Re: AMCON To Takeover Ben Murray-Bruce Companies by olatade(m): 10:26am On Jun 23, 2016
Oga dey owe Nigeria and e dey talk common sense? Best common sense would have been to pay us to enable us get more sense because when account balance large confidence and sense na automatic.
Re: AMCON To Takeover Ben Murray-Bruce Companies by dammytosh: 10:26am On Jun 23, 2016
wowmenow:

they handed all his business to muiz banire who is a tinubu boy
you are talking of being objective
when will amcon seize government properties for oweing their contractors
pure withch hunting and nothing more

Who they hand over to is non of your business except you want to write the 11Billion naira cheque out of anger.

2 Likes 2 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by greatwhite(m): 10:26am On Jun 23, 2016
Join us

Re: AMCON To Takeover Ben Murray-Bruce Companies by klinpami(f): 10:27am On Jun 23, 2016
wawaboy1:


WETIN CONCERN PMB FOR THE MATTER;
WOULD IT HAVE BEEN BETTER FOR THE BANK TO GO DOWN.

SOME PPLE LIKE TO CRY FOR ANYTHING SHA

LOL. Some people must add Buhari to any matter
Re: AMCON To Takeover Ben Murray-Bruce Companies by otokx(m): 10:28am On Jun 23, 2016
See falling of hand but Ben Bruce why?
Re: AMCON To Takeover Ben Murray-Bruce Companies by wowmenow: 10:31am On Jun 23, 2016
dammytosh:


Who they hand over to is non of your business except you want to write the 11Billion naira cheque out of anger.

interesting so they have hand over his business to tinubu we should keep quiet
continue
Re: AMCON To Takeover Ben Murray-Bruce Companies by Nobody: 10:33am On Jun 23, 2016
rose54321:
Haba na, the Federal government should step in and bail out companies like this.

If Silverbird is closed down, it's average Nigerians like me and you that will lose their jobs and suffer.

This is common sense, the government should put systems in place to help business and companies from closing down. The military approach wouldn't work here.

I have said my own, if things keep getting hard the masses will protest.

If the banks are closed down , more families earning better than silver bird staff will lose their jobs and their dependants suffer. which do you choose.
Re: AMCON To Takeover Ben Murray-Bruce Companies by dammytosh: 10:36am On Jun 23, 2016
wowmenow:


interesting so they have hand over his business to tinubu we should keep quiet
continue

No we should not keep quiet.

We should vex and write 11 Billion Naira Cheque.
Re: AMCON To Takeover Ben Murray-Bruce Companies by Bluffly: 10:38am On Jun 23, 2016
a2personal2013:
Wahala dey ooooo. Everybody that has voiced against this government is now being pursued by one legality or the other. We are all watching in 3D googles where this will lead us to.

We have an unending list of debtors cutting across various Nigerian businesses. Why is BMB being singled out ?

Like we always say " whatever is good for Boniface should equally be good for boniyarnsh"

I sometimes wonder why most of you all can't see beyond your nose. A single family collected a loan running into Billions which is enough to fund multi-million streams of SMEs and you are here ranting those against the government. Mind this move has been long over-due. Let the truth be told, anyone in government talking from all angles has skeletons in their wardrobes. Either you are for or gainst the government of the day, whatever must catch up with you, must catch up sharpaly sharpaly, be it Buhari's Tyranny of GEJ Cluelessness as you may want to term it.

All thieves shall face their dawn, if the environment he finds himself today is working against him, then good for him. If the axe decides to hack him today, then good for him. His he too much to be used as a scape goat for all the other numerous debtors to sit up. You are asking why BMB, then it should be you.

There are many small 10,000 naira debtors out there that banks do not spare, that is even if they got the loan, and here is someone with billions and not paying, haba

Bye

2 Likes

Re: AMCON To Takeover Ben Murray-Bruce Companies by georgeidoni: 10:38am On Jun 23, 2016
You sure need common sense. Did anybody tells you that Dangote and Donald Trump are not servicing their debt? Must you politicise everything? Somebody is owing Union Bank N11b since 2005 and you are here spewing nonsense. I sure pity you.

[
quote author=truthspeaks post=46842436]I meant, it's wat politics come wit. Aftrall BMB won't be d 1st n last biz man to owe. Even Dangote de owe, Donald trump de owe even as rich as they are. It's because BMB is in opposition n they knw he has a strong media influence. 2019 is fast approaching n ApC knows it will lose. So they hv to start eliminating all opposition from now[/quote]

1 Like

Re: AMCON To Takeover Ben Murray-Bruce Companies by jude90(m): 10:39am On Jun 23, 2016
hmmmmmm so bad
Re: AMCON To Takeover Ben Murray-Bruce Companies by FBLJ(m): 10:40am On Jun 23, 2016
Its official, talk against them and they will come after you..... my friend once advised me, for your Family sake, leave them alone...... BUT NIGERIA MUST BE FREE. FROM CORRUPTION, TYRANNY AND ALL VICES
Re: AMCON To Takeover Ben Murray-Bruce Companies by 1trillionlikes: 10:41am On Jun 23, 2016
houstonia:
what more evidence do we need to identify a tyrant, after them go yab GEJ a man who withstood every opposition, degradation, insults and criticism with silence. Wole Soyinka you won't tell them again “any government that is afraid of criticism is......... ”
GEJ froze Governor NYAKO's acct in 2013, sacked Sanusi too, blocked Ameachi from traveling. Those weren't tyranny, it should not be now especially when those under the heat have no genuine defence rather than saying Aisha Buhari, zenith bank, immunity, etc.
Re: AMCON To Takeover Ben Murray-Bruce Companies by Angelb4: 10:46am On Jun 23, 2016
rose54321:


When the financial crisis hit the US in 2008, the govt. had to bail out wall street, the alternative then meant a looming depression, massive unemployment and the likes.

Now agreed this isn't in anyway as major as that, but still if the opportunity cost of doing so is less, government can always intervene, introduce an economic incentive to assist companies from closure.

Bros, so we have to assist Ben Bruce's Silverbird from being sized by AMCON? Pls, the economy is affecting my business, i need NGN1b to boost it. Hope you're fine now? Iranu...
Re: AMCON To Takeover Ben Murray-Bruce Companies by Nobody: 10:47am On Jun 23, 2016
omonla10:
Like seriously

Silver bird keep the dream alive

Not

Make them shareholders. No free lunch.
Re: AMCON To Takeover Ben Murray-Bruce Companies by Angelb4: 10:47am On Jun 23, 2016
greatwhite:
Join us

Bros, Chat no dey this guy agenda now at all.
Re: AMCON To Takeover Ben Murray-Bruce Companies by turnup05: 10:54am On Jun 23, 2016
Its a wakeup call for our brothers and sisters who are civil servants in osun state to contribute 500 naira to save Ben Murray Bruce and family because yawa wan gas. One good turn deserves another

2 Likes

Re: AMCON To Takeover Ben Murray-Bruce Companies by Bluffly: 10:54am On Jun 23, 2016
Ferdinandu:
It is unfortunate that those that is supposed to be opposition in this country all have their hands soiled in one dirty deal or the other. Though it is obvious that Buhari Govt is using that to silence the opposition but obviously,it is better they all pay for their sins. Buhari and APC can never rule Nigeria forever, if they don't learn from PDP woes then their own day of reckoning is coming. It is time that changes everything. We need people who are credible enough to be the voice of opposition not Opportunist who are bitter because their biscuits has been snatched from them.

Twitter Senator if you are owing banks and not servicing the loans I hope you are not going to come out and shout Witch hunting until settle your debts.

It is better that way. If APC determines oppositions day of reckoning now, let PDP do the same when they are there, before we know it normalcy will be returning because they will push themselves to formulate laws that will prevent cheating

1 Like

Re: AMCON To Takeover Ben Murray-Bruce Companies by freekick: 10:58am On Jun 23, 2016
So on point my broda. Na so.
Goke7:
Its time for someone to finally implement the common sense he has been blabbing about.
Re: AMCON To Takeover Ben Murray-Bruce Companies by GeneralShepherd(m): 10:59am On Jun 23, 2016
a2personal2013:
Wahala dey ooooo. Everybody that has voiced against this government is now being pursued by one legality or the other. We are all watching in 3D googles where this will lead us to.

We have an unending list of debtors cutting across various Nigerian businesses. Why is BMB being singled out ?

Like we always say " whatever is good for Boniface should equally be good for boniyarnsh"

I detest hypocrisy, I am proudly igbo. You actually agree that BMB is actually owing AMCON but you are only upset that other debtors like ARIK have not been held accountable.

Don't be like the zombies that see no wrong in the actions of our Dullard president Buhari, if BMB is owing let him pay up!
Re: AMCON To Takeover Ben Murray-Bruce Companies by Sunsets: 11:00am On Jun 23, 2016
"...the magnificent structure located at Abonnema Wharf Road and Abali Park in Port Harcourt City of Rivers State."
IS it the Kiosk that they are referring to as 'magnificent'? Its as small as maggi structure.
Re: AMCON To Takeover Ben Murray-Bruce Companies by Nobody: 11:00am On Jun 23, 2016
That's business for you... They cease your properties if you cannot pay your debts. I believe, he will find a way out.

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