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.

https://i2.wp.com/damiblog.com.ng/wp-content/uploads/2017/06/hak-1.jpg?fit=620%2C357https://i2.wp.com/damiblog.com.ng/wp-content/uploads/2017/06/hak-1.jpg?resize=150%2C150Owoyomi DamilolaGossips
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...