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General

Belo-Osagie resigns as Etisalat Nigeria chairman

Monday 3 July 2017 | 08:11 CET | News
Etisalat Nigeria chairman Hakeem Belo-Osagie, has resigned his position from the telecommunications company over a NGN 1.2 billion debt owed a consortium of thirteen banks. The development came barely a week after the largest shareholder in Etisalat Nigeria, the Mubadala Development Company, pulled out of the company, having transferred its 45 percent of shares to the banking consortium. Local reports say that six directors in the seven-man board of the telecoms company had earlier resigned, leaving only Belo-Osagie. The six Mubadala and Etisalat Group appointed non-executive directors were

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Categories: General
Companies: Etisalat Nigeria
Countries: Nigeria
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