GTBank Shuts Down HiTV Premises & Puts It Into Receivership

Bank shuts down HiTV premises

A team of mobile police officers, a lawyer and a GTBank staff went to lock up the building

At a few minutes past 12pm on Monday, a team of mobile police officers and two civilians; a lawyer and a staff of the Guaranty Trust Bank (GTBank)stormed the premises of HiTV, the Nigerian-owned pay satellite TV.

A source, who works in HiTV and spoke to Daily Times on condition of anonymity, said: “They gave everyone in the building five minutes to pick up only their belongings and exit the building.”

When HiTV staff members enquired as to why they were being told to vacate their office premises, the team replied:"We don't owe you an explanation as to why we are locking the place."

Staff of TVC who were present in the building were also asked to exit and afterwards the entrance to the HiTV building was shut.

Gtbank has put HITV in to recievership for it (hitv) failure to pay or liquidate about 9 billion naira loan the bank granted it. Chief Aribisala A Ajibola as the receivership manager. What this means is that the receivership manager will take over the affair of hitv to sell the asset either in bit or all as it deam fit. My prayer here is to get someone who can buy the whole of the asset so that the company can continue to exist for the benefit of the subscribers.

i don't always feel happy seeing someone's downfall

JB, am not happy about it either... this leaves dstv with no tangible competition; it is bad news all the way for Hitv, the nigerian subscribers and everybody employed in the Hitv chain.

i knew that it will come to this,recently there programmes are not even interesting anymore.they not updated

Very sad and disheartening

bad management uhh? too bad , i hope they'll sort it out soonest

Isn't really good to hear. I pray they sort out very soon.

what a blow.....

what a blow.....

no wonder the dog is unable to bark!

Ohhhhhhhh

Wht a pity?

Why una dey pity them now, se una dey paid dem month subscription for the service wey una dey enjoy. Na chincos una dey carry their money give. Well sha me I dey among una as well. Lol

No wondr only the channel they subcrib for is work thre own channels is off air

d monopoly has bin set by dstv,b4 it can b broken it requires alot of hardwork ych cant easily b reached

Hmmm

This is so some how, speechless really, what next... I see something coming soon, can't say if its good or bad

This is so some how, speechless really, what next... I see something coming soon, can't say if its good or bad

justhots4u wrote:

This is so some how, speechless really, what next... I see something coming soon, can't say if its good or bad

Be prepared so that the blow does not hit you below the belt. This means that you should expect the unexpected.

Its becoming interesting

eh yah, good for them

....

E no easy.

ibadek wrote:

E no easy.

.without higher mountain life continues.

ibadek wrote:

ibadek wrote:

E no easy.

.without higher mountain life continues.

The struggle continues.

aluta continua victoria ascerta

hahaha

What a shame!

ARE THEY BANKRUPT?