Breaking News
Home / NEWS / Big News!! Hakeem Belo-Osagie Resigns As Chairman Of Etisalat

Big News!! Hakeem Belo-Osagie Resigns As Chairman Of Etisalat

The chairman of Etisalat Nigeria, Hakeem Belo-Osagie, has stepped down following the restructuring of the telecommunication company.

His resignation is effective immediately.

Etisalat was taken over by a consortium of banks two weeks ago.

The banks, led by Access Bank PLC and other local and foreign banks have taken over the telecommunication company effective June 15.

The take-over came as a result of a futile effort by Emerging Markets Telecommunications Services, EMTS, promoted by-one time Chairman, United Bank for Africa, UBA, Hakeem Bello-Osagie, to reach agreement with the banks on debt restructuring plan in the protracted $1.72 billion (about N541.8 billion) debt impasse.

 

The post Big News!! Hakeem Belo-Osagie Resigns As Chairman Of Etisalat appeared first on Naijaloaded | Nigeria No. 1 Online Portal.

Source: Naija Loaded

Big News!! Hakeem Belo-Osagie Resigns As Chairman Of Etisalat

Share This:

About UpdaterNg

Check Also

Premier League!! West Brom SACK Manager Tony Pulis After 4-0 Defeat Against Chelsea

Tony Pulis has been sacked as West Brom head coach with the club a point …

Leave a Reply

Your email address will not be published. Required fields are marked *