Chairman of Etisalat Nigeria, Mr. Hakeem Bello
Osagie, has resigned his appointment
following the approval of a restructuring plan
for the telecommunications firm. The Chairman of Etisalat Nigeria, Mr. Hakeem
Bello Osagie, has resigned his appointment
following the approval of a restructuring plan
for the telecommunications firm. The resignation is effective immediately,
according to an insider source. “Although the chairman had planned to leave
immediately the banks made the take-over
move, he opted to tarry until a road map for
the company was finalised. The timing of the
resignation was strategically delayed till now
when stakeholders have agreed a plan and comes more than a week after Mubadala
Development Company directors tendered
their resignation. The development also reflects Mr. Bello-
Osagie’s deep commitment to protecting the
interest of all stakeholders. It is now expected
that Etisalat Nigeria under its new shareholding
structure will navigate through its current loan
repayment challenge with minimum impact. “ the source added. “Over the last several months, the chairman has
worked extensively with critical stakeholders
to prepare clearly articulated strategies and
robust road maps that will mitigate the impact
of the new shareholding restructuring and
realignment on the operations and management of the 4th largest telecoms player
in Nigeria. With this development, the new board will
assume control of Etisalat. This is coming following interventions, which
have been roundly applauded, from regulatory
agencies, including the Nigeria
Communications commission (NCC) and Central
Bank of Nigeria (CBN) and other stakeholders
to ensure that the best decisions are taken in the interest of the subscribers, employees and
the Nigerian economy. Further announcements on the composition of
the new board are expected from the
stakeholders.” The source remarked.

Source and Photos:- http://legendbaze.ga/2017/06/etisalat-chairman-hakeem-belo-osagie-steps-down/

This is getting serious

So access bank really meant their threats
Damn

sad face.