- The chairman of Etisalat Nigeria limited has resigned from his position
- This follows the debt crises currently rocking the telecom company
- He is said to be the surviving shareholder of the mobile company
Hakeem Bello-Osagie, chairman of embattled telecom company, Etisalat Nigeria limited, has resigned his position from the company.
According to reports by Premium Times, the resignation takes immediate effect.
His resignation decision was said to have followed “the approval of a restructuring plan for the telecommunications firm.”
Mr Bello-Osagie, is said to be the surviving shareholder of the mobile company.
NAIJ.com had reported that Etisalat Nigeria limited is currently embroiled in a loan repayment crisis with some Nigerian banks.
NAIJ.com further reported that three Nigerian banks were set to take over telecommunications firm Etisalat on Wednesday, March 8, over unpaid debt.
According to the report, the move follows the failure of the Nigerian Communication Commission (NCC) to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks.
In the video below by NAIJ.com, Some Nigerians claim President Buhari has turned the country upside down.
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