Nigeria’s telecoms regulator has approved the transfer of debt-laden 9mobile to new investor Teleology, a statement from Teleology said on Monday.
In a statement sent to okay.ng by Mohammed Edewor, Teleology said it “is pleased to announce the constitution of a new Board of Directors for Nigeria’s multi-award-winning telecommunication company, 9mobile”.
According to the statement, this follows “the successful completion of the tenure of the former Board appointed by the Central Bank of Nigeria (CBN) and in fulfillment of the consequential transfer of final ownership to the new investors, Teleology Nigeria Limited”.
“We thank all out-going members of the Board for helping to shepherd 9mobile through the critical transition phase it has passed through since July 2017 and wish them the very best in their future assignments.
“For us, the composition of the new Board of Directors is another significant milestone, and this follows the issuance of final approval of no objection by the Board of the Nigerian Communications Commission (NCC) to the effect that the technical and financial bids Teleology submitted for 9mobile met and satisfied all the regulatory requirements.
“This is indeed the dawn of a new era in the evolution of the 9mobile brand in the Nigerian market”.
The new board of directors is constituted by:
- Nasiru Ado Bayero (Chairman)
- Asega Aliga (Non Executive Director)
- Adrian Wood (Non Executive Director)
- Mohammed Edewor (Non Executive Director)
- Winston Ndubueze Udeh (Non Executive Director)
- Abdulrahman Ado (Executive Director)
- Stephane Beuvelet (Acting Managing Director)
The new chairman Nasiru Ado Bayero, appreciated the telco’s employees and subscribers, who is said should be prepared for best-in-class services forthwith.
“As we begin this new epochal phase, we wish to thank all the employees who built this viable business,” Bayero said.
“Our debt of gratitude also goes to our subscribers even as we assure them to get ready for real best-in-class additional value for their relationship with the 9mobile brand.
“Without you, there could not have been a 9mobile business for us to invest in today. We will justify your confidence in our brand by making significant investments that will improve the value you get for using 9mobile.”
