REVEALED! The Lies Tinubu Told APC Presidential Screening Committee

 

Asiwaju Bola Ahmed Tinubu 

 

Speaking at the just concluded screening of presidential aspirants of the All Progressive Congress, Bola Ahmed Tinubu, former governor of Lagos State and party founder, claims to have played a role in building the telecoms industry in Nigeria by bringing Econet Wireless (now Airtel) to Nigeria

However, tech investor, Victor Asemota has moved to debunk Tinubu’s claim, stating that Lagos State was only involved in its founding through the acquisition of secondary shares after much deliberations had taken place.According to Asemota Tinubu didn’t even commit to Cybertel (Econet’s founding trading name in Nigeria) initially. until after Delta State, Oceanic and David Edevbie did the major work.

What Tinubu said at the screening

Highlighting his contribution to the development of the telecoms industry, Bola Ahmed Tinubu said “There are three highways in the development of a nation. If you have gas or supplying diesel, electricity transmission is also a highway and communication.

“I could remember that I brought Eron to this nation. Telecommunication is now a success today in Nigeria. I brought Econet. I helped them; they now want to adopt 5G; we started it.

“Nigeria is rich. The essence of our livelihood must be placed on short-term and medium-term values. They must produce values for us,”

Asemota’s rebuttal

Disagreeing with Tinubu’s claim, Victor Asemota, who also worked at Econet during its early days gave his account of how Econet Wireless came into Nigeria.

He said, “My uncle held a party for Tony Anenih Jr. after his wedding in 2000 in Benin City.

“Many of the new state governors were in town and came for the party. He got five of them into his bedroom and pitched a company called ‘CyberTel’, which was supposed to bid for a GSM license

“Only Delta State was very keen on it. The others told us that they would get back. Cybertel merged into the consortium called First Independent Networks Limited, which was started by Bolaji Balogun and his team at City Securities Limited. It was a harrowing period”.

He added that he had to travel to Delta and Akwa Ibom to ensure the commitment of the state as FINL was supposed to hold 60% nse holding company, and 40% went to the foreign partner.

“We later selected a small company from Zimbabwe called Econet because we felt it was easier,” he said.