BREAKING: Teleology Finally Takes Over 9Mobile, Appoints New Board Of Directors

Tuesday, November 13, 2018

BREAKING: Teleology Finally Takes Over 9Mobile, Appoints New Board Of Directors

BREAKING: Teleology Finally Takes Over 9Mobile, Appoints New Board Of Directors

Stephane Beuvelet, 9Mobile Acting Managing Director




By Rommy IMAH


The Nigerian Government regulators tasked with the sale of troubled 9Mobile, formerly Etisalat Nigeria appear to have finally handed over the telecoms operator to new owners, Teleology Nigeria Limited.


Although no official statement has been made by the regulators- the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC), Teleology Monday night announced in a statement signed by Mohammed Edewor, the constitution of a new Board of Directors for the multi-award-winning telecommunication company, 9mobile.


This, according to the statement made available to followed 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.


With the emergence of the Board, the long process for the acquisition of 9mobile has reached a definitive end marking the beginning of a new era for the telecommunications company.


Edewor noted that the composition of the new Board of Directors was another significant milestone, following 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,” Edewor, a non executive director said in the statement.


Meanwhile, the new Board of Directors is comprised of Nasiru Ado Bayero as Chairman; Asega Aliga (Non Executive Director); Adrian Wood (Non Executive Director); and Mohammed Edewor (Non Executive Director).


Others are Winston Ndubueze Udeh (Non Executive Director); Abdulrahman Ado (Executive Director); and Stephane Beuvelet (Acting Managing Director).


Welcoming the appointment, the new Chairman of the Board, Alhaji Nasiru Ado Bayero stated: "As we begin this new epochal phase, we wish to thank all the employees who built this viable business. 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."


Teleology thanked 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 wished them the very best in their future assignments.


Recall that the Central Bank of Nigeria (CBN) in collaboration with the Nigerian Communications Commission (NCC), had in July 2017 appointed a Board of Directors chaired by Dr. Joseph Nnanna, the Deputy Governor of the Central Bank of Nigeria, to oversee the affairs of the company pending the completion of regulatory due diligence of the bid documents submitted by Teleology and 16 others for its acquisition.


The bid process was superintended by Barclays Africa.



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