I’m not too happy to read the news about fellow entertainment law colleague, Tony Subair, based in Nigeria, whose media company has been shut down for alleged unpaid debts. I hope all parties can come to a quick resolution of the problem. I wish him the best of luck and a Christmas miracle.
I don’t practice Bankruptcy law. But I do know that if you are in the USA facing similar issues i.e. inability to take care of your debts, it might be prudent to visit a bankruptcy attorney to discuss filing for bankruptcy. Nigeria also has its own bankruptcy law and if you are in Nigeria, you should also visit a bankruptcy attorney. Nigeria’s Bankruptcy Act can be found here.
“Entertainment Highway’s multi-channel digital satellite TV service, HiTV had its offices locked up by officers of the Nigerian Police Force today, Monday November 21.
Sources say the order to lock up the office which is located at 24a, Isaac John Street was issued by the management of Guaranty Trust Bank allegedly due to unpaid debt.
When Nigerian Entertainment Today visited the company this afternoon, some of the company’s staff were seen standing nearby, while others stood directly in front of the gate.
‘They owe GT Bank money, that’s why we have locked the place up’, one of the policemen told our reporters.
None of the HiTV staff granted our reporters audience when they were asked questions pertaining to the matter.
All HiTV servers have been shut down, subsequently affecting the channels hosted on it, including Hi Sports, Hi Nolly and Hi Nolly Yoruba. Third party channels such as 1 Music, Biscon, Hip TV and 4Real TV have also been ‘temporarily’ shut down. However, the other channel. . . ” – NET has the full story. Read HiTV’s apologies to subscribers here.
I am a trial lawyer as well as the founder and principal attorney for UDUAK LAW FIRM. You can follow me on twitter at www.twitter.com/uduaklaw or www.twitter.com/africamusiclaw. I am also the President & CEO of Ladybrille Media Group, Inc. I have over seventeen years combined experience in the fashion and entertainment industries and welcome your basic Music Business Questions. Have a question for me? Send me an email: ([email protected]).