Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • About
    • Advertise
    • Contribute
    • Donate
    • Forum
    • Contact
    Login
    InfoStride NewsInfoStride News
    • Home
    • Business
    • Celebrity
    • Crime
    • Nigeria
    • Politics
    • Sports
    • Technology
    • More
      • COVID-19
      • Editor’s Picks
      • Health
      • Opinions
      • Press Releases
      • World
    Subscribe
    InfoStride NewsInfoStride News
    Home»News»African News»West African News»Nigeria News»Ibori Chased Econet Out Over $4.5M Bribe – Strive Masiyiwa

    Ibori Chased Econet Out Over $4.5M Bribe – Strive Masiyiwa

    Nigeria News By David F.Apr 29, 2017No Comments2 Mins Read
    Facebook Twitter WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

    James IboriStrive Masiyiwa, CEO and Founder of Econet Wireless has alleged that a sum of $9million bribe was demanded from him by ex-Governor of Delta State, James Ibori.

    According to Masiyiwa’s blog, the London based Zimbabwean said the ex-governor had threatened to chase him and his business out of Nigeria if he fails to yield to his demand.

    In his words: “Then came the fateful day when I was told that our company must pay a total of $9m in bribes to senior politicians (in state government) who had facilitated the raising of the money to pay for the license.

    “I refused to authorize the illegal payments. Meeting after meeting was held to try to get me to agree, but I would not. The money would not be paid as long as Econet was the operator and I had signing authority.

    See also  Abiola Ajimobi Has Prioritised The Rapid Development Of Oyo State - APC

    “James Ibori, the Governor of Delta State, was demanding $4,5m be paid to him in his personal capacity. He was one of the most powerful men in the country and had a reputation for violence.

    “When he heard that I was refusing to approve payment he issued an ultimatum: “Pay or I will chase you and your people out of the country.” I refused. The shareholders met and voted Econet Wireless Nigeria out of management. They cancelled our management contract.

    James Ibori and his colleagues personally attended the meeting to remove us. After the meeting one of them (a prominent local businessman even today) came up to me and said: “Unfortunately for you, God does not have a vote.” I had to withdraw all my staff and their families: 200 people in all. We left Nigeria.

    See also  The Unity Of Nigeria Is More Vital Than Politics - Godswill Akpabio

    A consortium of 22 investors that include leading banks, businessmen, Lagos State and Delta State government put up $285m to bid for the licence of Econet Nigeria under ex- President Olusegun Obasanjo.

    Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate

    Bribe Econet James Ibori Olusegun Obasanjo Strive Masiyiwa
    Share. Facebook Twitter WhatsApp Pinterest Reddit Tumblr VKontakte Email LinkedIn

    Related Posts

    How to end prolonged PDP crisis – Plateau Gov, Mutfwang

    Jun 3, 2023

    Tinubu’s emergence, will of God – Bayelsa APC chieftain, Wilson

    Jun 3, 2023

    No plans to dump PDP for APC – Wike after meeting with Tinubu on Friday

    Jun 3, 2023

    Fuel subsidy not sustainable – APC governors

    Jun 3, 2023
    Add A Comment

    Comments are closed.

    Get Social with Us
    • Facebook
    • Twitter
    • Pinterest 95
    • Instagram
    • YouTube
    Latest Posts

    Tupac’s Star Will Be Well Deserved – Hollywood Walk of Fame

    Jun 3, 2023

    I’m Tired Of Repeating How Much MUFC Needs A Goalie And Striker – Roy Keane

    Jun 3, 2023

    Tina Turner Died Without Meeting Her Grandkids And Great-Grandkids

    Jun 3, 2023

    I Feel Appreciated At Manchester City – Gundogan

    Jun 3, 2023

    Subscribe to Updates

    Get the latest breaking news straight into your inbox!

    Random News

    Khloe Kardashian Opens Up On Cancer Scare

    Aug 17, 2016

    Rihanna’s Fenty Beauty Range Selling Fast

    Nov 27, 2017

    Social Media Coordinator Job at RusselSmith Group

    Nov 16, 2013

    Uche Jombo Rodriguez Shows Off Post Baby Bod

    Jul 4, 2015

    InfoStride News delivers the latest breaking news, Nigeria news, world news and top stories on business, celebrity, entertainment, politics, sports, technology and more. Experience the best of in-depth coverage, special reports, football highlights, political opinions, crime watch, celebrity gossips etc.

    GooglePlay Store Button

    Support InfoStride News' Credible Journalism

    Credible journalism involves a lot of efforts and money; and can guarantee a fair, accountable and transparent society, including democracy and government. We need your support to continue offering free access to our loyal readers and visitors like you.

    Click here to Donate

    Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • Our Terms
    © 2023 InfoStride News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Continue with Facebook
    Continue with Google
    Continue with Twitter
    Lost password?