Etisalat Nigeria Chairman Resigns

Hamilton Nwosa
Writer

Ad

Oil Prices Aren’t Likely To Rise Anytime Soon

Analysts surveyed by Reuters expect Brent Crude to average $67.65 per barrel and WTI Crude to average $64.65 per barrel this year, with slight adjustments from previous forecasts. Factors contributing to the subdued oil price outlook include rising supply from OPEC+ and non-OPEC+ producers, slowing demand growth post-summer, and uncertainties from U.S. trade policies. Major…

US denies visas for Palestinian officials before UN assembly

The administration of United States President Donald Trump has announced it is denying and revoking visas for members of the Palestine Liberation Organization (PLO) and the Palestinian Authority (PA) before the United Nations General Assembly (UNGA) in September. The announcement was made in a statement released by the US Department of State on Friday. “The…

2027: Crack as Tinubu’s Northern ally, Senator Marafa Dumps APC, accuses president of betrayal, neglect

By Obinna Uballa A major crack has emerged in President Bola Tinubu’s Northern political base as a key stakeholder and former Zamfara Central Senator, Kabiru Garba Marafa, together with his supporters, have all resigned from the All Progressives Congress (APC), accusing the president of betrayal and neglect. Marafa, who reportedly coordinated the Tinubu/Shettima Campaign Organisation…

Ad

The Chairman of Etisalat Nigeria Limited, Hakeem Bello-Osagie, has resigned his position.

The resignation takes immediate effect.

A statement obtained by our source confirmed the development, saying the decision followed “the approval of a restructuring plan for the telecommunications firm.”

You may also read: Banks Seek EFCC’s Probe of $1.2billion Debt

Mr. Bello-Osagie, the one-time Chairman of the United Bank for Africa, UBA, was the surviving shareholder in the embattled mobile operator currently embroiled in a $1.2 billion (about N377.4 billion) loan repayment crisis with a consortium of 13 Nigerian banks.

He was the promoter of Emerging Markets Telecommunications Services, EMTS, which controlled 15 per cent of the equity holding of the company

His resignation followed the withdrawal, two weeks ago, of the company’s major shareholder, Emirates Telecommunications Group Company, which announced the decision to quit effective June 15, 2017.

Ad

X whatsapp