Finally, NCC Approves 9-mobile Acquisition By Teleology

Finally, NCC Approves 9-mobile Acquisition By Teleology

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Post Views: 419 The Nigerian Telecommunications Commission (NCC), on Monday, finally gave its blessings for Teleology to takeover of 9mobile, followin...

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The Nigerian Telecommunications Commission (NCC), on Monday, finally gave its blessings for Teleology to takeover of 9mobile, following which a new board is to be announced soon company.
Reuters quoted Teleology as saying the composition of a new board of directors, led by 54 year-old Nasiru Ado Bayero, describing it as “another significant milestone, (which) follows the issuance of final approval … by NCC.”
Ado-Bayero, son of the immediate past Emir of Kano, Nigeria, replaces Dr. Joseph Okwu Nnanna, a deputy Governor of the CBN, who was appointed after the apex bank intervened to prevent 9mobil’s creditor commercial banks from placing into receivership.
Stephane Beuvelet will serve as the acting managing director, according to a statement by Mohammed Edewor, a new non-executive director of the new 9Mobile.
Commenting on the new board, Ado Bayero, the Ciroman Kano, described this as a new epochal phase, thanking all the employees who built this viable business.
“Our debt of gratitude also goes to our subscribers even as we assure them to get ready for real best-in-class additional value for their relationship with the 9mobile brand. Without you, there could not have been a 9mobile business for us to invest in today. We will justify your confidence in our brand by making significant investments that will improve the value you get for using 9mobile.”
Mohammed Edewor also thanked the outgoing members of the Board, headed by Dr. Joseph Nnanna for helping to shepherd 9mobile through the critical transition phase it has passed through since July 2017.
The new chairman, who worked at Continental Merchant Bank from 1988 to 1989, Coastal Corporation (Oil & Gas Company), Houston, Texas, from 1990 to 1991 and Hamlet Investment, Inc. from 1991 to 1992, is on the board of Platform Petroleum Limited, Sahelian Energy & Integrated Services Limited, Seplat and Intels.
He is the Chairman of Enclo Limited, a Nigerian company providing currency operations support services to the Central Bank of Nigeria.

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