Rhythm FM and Silverbird television have resumed operation after a “break in transmission”.
The electronic media platforms owned by the family of Ben Bruce, a senator from Bayelsa east, went off air on Thursday after officials of the Asset Management Company of Nigeria (AMCON) sealed off the company’s buildings in Abuja, Lagos and Port Harcourt.
The Bruce family allegedly defaulted in paying back a loan of N11bn they secured from Union bank; hence the forced closure of the buildings housing the businesses.
A few hours after reports of the closure of his buildings, the Bayelsa senator expressed optimism that things would get back to normal, saying “tough times don’t last, but tough people do”.
And on Friday, the management of Silverbird communications issued a statement announcing that its radio and TV stations had resumed operation.
“The management of Silverbird Communications Ltd, owners of Rhythm Fm and Silverbird TV sincerely apologise to its numerous viewers, listeners and online subscribers over the disruption of our operations across television, radio and online media,” the statement read.
“This was due to a situation beyond our control. However, we are pleased to inform you that we are back on air on radio, television and on our online platform.
“We thank you for your patience and understanding at this time.
“We remain committed to the provision of quality infotainment and premium service across our platforms.”
*Hmmmmmmm.....*smelling the air for something fishy*
Happy for you Senator Bruce...that was fast!
I hope this was not a PR stunt oh....in Nigeria anything is possible..Silverbird more popular than ever,more customers and at the end,Bruce is the one who comes out smiling...hmmmmmmm!
Now this is common sense. Happy for him too.
ReplyDeleteNot any publicity stunt. According to his(Ben Bruce) tweet, their real estate division is still affected.
ReplyDeleteWhere can i buy sleep biko?
LaFresh, you can't buy sleep. What you need is a good deek in your thing and you will sleep like a baby afterwards
DeleteGood for him
ReplyDeleteStella, do you have anything against Ben Bruce? Cos I don't understand this your comment. Was the business supposed to shut forever?
ReplyDeleteAsk stella o
DeleteYeah that was really fast, shame to all haters, shit happens and bros Ben Bruce and the management of silverbird group have applied common sense to the matter.
ReplyDeleteYour comment will be visible after approval
What haters are you talking about?
DeleteApparently they have resumed business but under the ownership of who? That's the question here.
DeleteLolz,Stellz.
ReplyDeleteSee conspiracy theory o.
I don't think so though. He probably sorted himself out, him and his brothers.
Good to know they're good now.
#WhiteDiamondOut
I said, 'lolz?'
ReplyDeleteThis palm wine has really done me in.
Goodnight maynne.
#WhiteDiamondOut
I love "lolz"
DeleteHehehe, Iphie.
Delete'Laughing out loud zebras.'
#WhiteDiamondOut
Not this time Stella. He defaulted. They foreclosed. He renegotiated with an undertaking and several high ranking guarantors and loud mouth ben had to seek support from the powers that "used to be but still are very relevant".# lips sealed but you can bank the info.
ReplyDeleteLike u were there wen he was seeking d power. Oloshi.
DeleteI'm sure it's ur likes that were jubilating thinking d man will go under.
Hmmm obasanjo is his brother in law...
DeleteYes he is close to obj
DeleteOloshi ke? Eka joy you must be disturbed o. Sad bitch
DeleteOloshi ke? Eka joy you must be disturbed o. Sad bitch
DeleteNice to know....
ReplyDeleteHappy 9t rest stells
Bullshit. I hope he has settled his debts. These are the people that make innocent ones lose their jobs cos of bad debts and loans. Meanwhile they are living large. Witch hunt or not, I dont care, they should start slamming them all. "common sense is indeed not common.
ReplyDeleteSee painment oh. Come to think of it, have u ever heard silverbird workers complain of being owed salaries? Cos they had a little issue now that was even quickly been resolved, u have resorted to calling him names.
DeleteOshisco
Ok. AMCOM took over control of the companies which means the companies will keep operating but revenue will go towards repayment of the debt.
ReplyDeleteMaybe if we understand how these things work, we will stop seeing it as witch hunt.
Thank you ooo. Please tell them.
DeleteThank God. My own Advice is that he should stop talking too much. Meanwhile See How they striped, Assaulted and Raped innocent girl in public, make sure you Watch this
ReplyDeleteI just hate when you make your market women comments. Pessimism.
ReplyDeleteEnd time Bruce Lee
ReplyDeleteNo, he has not bounced back. The seized properties are still seized. The other small businesses are the ones at work. And this news has k-leg because the Management fail to make the obvious known. The report here say they ALLEGEDLY....It is not ALLEGEDLY. They are really owing AMCON. So what is the ALLEGEDLY doing there?
ReplyDeletePolitics or no politics,being a nigerian entertainment ethusiast,i can boldly say he has done a whole lot in improving our show biz and all,he was among those who saw everything coming before now,he invested his money in this even before the loan,ask the C.e.o of Up front and personal Mr Okoye,ask D'banj and Don Jazzy.That man na legend sha finally,but he needs to pay what he's owing anyways.but i will always respect him because he has been an employer of labour for decades now,so apparently he's been assisting this country's unemployment crisis for years!
ReplyDeleteWell said. Haters can go to hell.
DeleteEla joy I suggest your read anon 00:47
DeleteComments to know better about what amcon functions are.pls take time to understand issues and forgot for a second about politics. That being said happy I can take my kids to cinema again
Must something be fishy?
ReplyDeleteKai, u ehn.
Under sensible situations, amcon taking over doesnt mean business will atop, just that amcon will be running the business. So it should go on and then the preoceeds will be remitted to amcon and that will be servicing the debt
Thank you. I wonder when people will get to understand these things.
DeletePR stunt ko. Now's the time for him to dig out his hidden loot and save face. All the stash they've made since abacha era. Anyway, if union bank gets some part of the 11bn, they renovate their dead branches. All's well that ends well. Common sense is back
ReplyDeleteHidden loots that he's using to pay salary to his workers abi? Go and sit down abeg. The man is trying
DeleteHe has negotiated and probably drafted an agreement with a payment plan. He can afford it. I don't know why he's just being a typical Nigerian business man.
ReplyDeleteThings might not be too rosy for him now. U never can tell.
DeleteYaay Mr Common Sense Is Back!
ReplyDeleteStuffs Like That Happen Though!. Most businesses do run on loans. Welcome back Sire! Click Here to Learn How to Get
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This was always a routine business issue. Debtor defaults, bank enforces rights, debtor makes good faith repayment and commits to new debt servicing schedule. Bank reopens business. Everything goes back to normal. Jokers turned the whole thing into politics.
ReplyDeleteWhich saddens me.
DeleteAMCON have always foreclosed loans as they like. Its half of their work. Their statutory rights.
Businesses have always owed banks. Its part of the banking game and what floats commercial banks. This loan taking thing. No big business man is free from loans or mortgage or debentures or bond of some sort.
Yet, I read some critics saying Ben Bruce was feeding fat from the misery of bankers. Ben Bruce was owing and was still feeding fat from the poor. These men saying this vacuous thing, do they believe these things? Or just want to miseducate people?
Or the fans saying its witchunting without reading the facts at all, like AMCON wont do their duties if Bruce's company is found wanting, just cos he is Bruce.
Politics and business shouldnt mix.
@White Diamond, honey it's Mayne and not Maynne. Truly, the palm wine is really working.. Lol
ReplyDeleteHehehe, Nwa Mummy.
DeleteNahh, I use two or more 'n's for mine.
You know, like a drawl. ;)
#WhiteDiamondOut