Bank shuts down HiTV Premises | Welcome to Linda Ikeji's Blog

LI_Leaderboard_4

LI_Leaderboard_1

LI_Leaderboard_2

LI_Leaderboard_3

Tuesday 22 November 2011

Bank shuts down HiTV Premises

At about 12 noon yesterday afternoon, Monday Nov 21, people from GT Bank, their lawyers and some police officers stormed the Lagos premises of Toyin Subair's satelite TV, HiTV, and locked the place up without giving much explanation to staff, who were given just a few minutes to vacate the office building.

26 comments:

Atobatele said...

What a disgrace!

Chikaka said...

Ding dong! His cup has run over!!

Anonymous said...

Wtf

Anonymous said...

GT bank.. too late Mr subair has used the loan u gave to buy different hublot and rolex watches.

Anonymous said...

No wonder the Hitv porsche hasnt been "seent" at the gym.

Anonymous said...

Watching the channel here in london, i've always known something was not right.

sleekreek said...

Na wah oooo...........

Anonymous said...

Where's Asiwaju, the company buyer, to the rescue?!Lol!!

Anonymous said...

Gbese!

Anonymous said...

No wonder.. i tried watching sky 204 here in london last night!! and got no signal. i tot my TV was faulty... wow!

Anonymous said...

No wonder they have been off air..shame they had a potential hit with the Morning show..heard he had serious issues when he lost the Premiership license and with that went all the sponsors..

Toyin said...

Lol.good for him nd the likes of his dish supplier friend. Them no pay salary to staff yet dem go use money do birthday party finish for jand. Mchew!!!

All these young guys ehn, by the time they start making little millons they start misbehaving (that's when they remember they need to throw a birthday bash for their gfs, organize beach parties and also buy posh cars with customized plate numbers so people will know they have arrived meanwhile na bank money be the bulk of the money)nd nothing matters to them than to spend the little they've made. They don't spend wisely at all. Awon ode!

Anonymous said...

As soon as a Yoruba man hits gold, he will go after all the women he couldn't date initially; until he is broke like that newspaper publisher. I no blame dem o. You can only live once.

Anonymous said...

Foolish Bank, How can you give Billions based on the probability of HITV winning EPL rights?? doesn't make sense in the first place.DSTVs viewership remained stable even when they lost EPL rights because of superior content.Foolish Bank + Foolish company = Bad debt

Anonymous said...

its funny how everyone is always beefing a company that has troubles with banks over loan.

it seem a lot of people have issues with individuals who spent their time to build a company.

see, any company can have isssues with the bank and have their company seal off because negotiations went down.

stop making it look like "Toyin Subair" spent bank money for his personal gain.

He is rich because he built a business. IF you have problem with it, then go and start your own business too.

No sane company (not even the one you all lot work for) run their company with personal finance!

so give him a break!

He'll be back. Haters!

Anonymous said...

Linda u don see the HItv that u're always shoving down out throats, Hitv breakfast show this, Hitv breakfast show that. Thank God i stuck to my DSTV...Hitv gbakwa oku!

Anonymous said...

This is really a shame, when i couldn't watch the breakfast show this morning i wasn't pleased at all now i know why!! Eya i hope they open up for business again soon o cos the breakfast show was fast becoming an addiction for me.

Anonymous said...

hahahaa, new regime at gtbank and segun wants his moneeeyyy. hehe, he bit of more than he could chew.

Anonymous said...

LMFAO Anonymous November 22, 2011 4:32 PM
You surely are a mad deluded fool. And if u r one of his sugar honies, omo better shift base. No recovering from this one. Jimi Agbaje is a BAWSE. No more faking 'big man' with bank money. Y'all r gonna pay. Nuff said.

Anonymous said...

Meant Segun Agbaje not Jimi.

Anonymous said...

It seems GTB is fond of not doing proper checks and analysis before giving loans.
Last time it was Wale Babalakin,now Toyin.Why did Toyin even need loans?I thought the likes of Victor Odili were behind HITV?
at least the guy enjoy the money small.I doubt the parties he threw and the babes he yanshed were the reason the business blew up.I just think he did not have a sustainable business model for the pay tv thing. He should take a look at Top tv in SA and go back to the drawing board.He needs to find a backer who is willing to stay for the long term and stay away from bank loans.it must be possible.

Femillionaire said...

Good for GT Bank. I hope what he owes them runs into billions of naira and I hope they never recover it. They were the reasons why HiTv did not succeed in getting the EPL rights by dilly dallying at backing it. In Nigeria, if you do not have football (EPL & Champions League) on your bouquet, it will be difficult for you to survive. I would have loved a local company to thrive in this business and not the foreign DSTV which exploits Nigerians by charging us the highest in Africa, including South Africa.

Anonymous said...

I wish this had happened to my former boss.If you know what media house founders do to their staff and how they mismanage operational funds, you'd all be screaming "bloody murder!". Thank God I am out of that Matrix.It's a such a huge relief!
Only God knows what this one did.

Anonymous said...

Awwww. no more Koko Mansion.... LOL...

Toyin spent like a drunken sailor, lets admit... £2,000 on a pair of trainers.....on a good day... Hm...

He will be back sha... I beleive...

Ayeekooto said...

Why are some ppl fond of jumping up whenever they see a business heading to the rock. Kudos to HiTV for being the only indigenous company to challenge DSTV's monopoly. At least, they made pay TV affordable to an ordinary Nigerian. It should be noted that every business has a trial phase & I'm confident HiTV will surely whether the storm. Relax.... Hitv is coming back stronger.

Anonymous said...

Everyone knows Toyin is not a saint and going around saying the notorious Publisher of a certain newspaper is your God and idol speaks volumes about his mindset and the path he chose. Nasty people last the longest in Nigerian business, so yes Toyin and his arrogance, wild irresponsible spending and flashy behaviour will be back. He comes from nothing so he has a lot to prove.

Recent Posts