Business Politics
  • FaceBook
  • Twitter
  • Pin It
  • Linkedin
  • Buffer
  • WhatsApp

How Etisalat Destroyed Themselves By Choosing Buhari Over Jonathan - GEJ Aide

Former Special Assistant to ex-President Goodluck Jonathan on New Media, Reno Omokri, has mocked telecommunications outfit, Etisalat, after they were taken over by a consortium of banks on Tuesday.
Omokri claims the company “destroyed” themselves by backing President Muhammadu Buhari and not his former boss.
He tweeted: “Those behind Etisalat backed PMB and undermined GEJ, thinking they were destroying GEJ. Today they find that it’s themselves they destroyed!?”

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.

However, EMTS Holding BV, established in the Netherlands, has up to June 23 to complete the transfer of 100 percent of the company’s shares in Etisalat to the United Capital Trustees Limited, the legal representative of the consortium of banks.
Etisalat Group, the parent company of Etisalat Nigeria, announced the takeover on Tuesday, in a letter filed to the Abu Dhabi Securities Exchange in Abu Dhabi, United Arab Emirate.

Anambra man of the year award
  • FaceBook
  • Twitter
  • Pin It
  • Linkedin
  • Buffer
  • WhatsApp

Emeh James Anyalekwa, is a Seasoned Journalist, scriptwriter, Movie producer/Director and Showbiz consultant. He is the founder and CEO of the multi Media conglomerate, CANDY VILLE, specializing in Entertainment, Events, Prints and Productions. He is currently a Special Assistant (Media) to the Former Governor of Abia State and Chairman Slok Group, Dr. Orji Uzor Kalu. Anyalekwa is also the National President, Online Media Practitioners Association of Nigeria (OMPAN) https://web.facebook.com/emehjames

Comments are closed.

Welcome!

It looks like you're using an ad blocker. That's okay. Who doesn't?

But without advertising-income, we can't keep making this site awesome.

I understand, I have disabled my ad blocker. Let me in!