The Federal High Court, Ikoyi has nullified the Ex Parte Order earlier issued on 3rd July 2017 approving the appointment of an Interim Board for Emerging Markets Telecommunications Service (EMTS), now 9mobile.

The company is the fourth largest telecommunications service operator in Nigeria.

Document obtained shows that the order on Friday by Justice Ibrahim Buba followed the Preliminary Objection filed by United Capital Trustees Ltd in response to the application by Spectrum Wireless, a shareholder of EMTS, for a nullification of the Ex Parte Order.

The development has set off another round of confusion and may affect the January 16 new deadline set by the NCC lat week.

The Interim Board of EMTS backed by the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC), recently received bids from about 5 bidders in its intended sale of the company.

Barclays Africa, the financial adviser handling the sale of 9mobile, had the initial mandate of December 31, 2017 to conclude the sale.

Barclays Africa had since last year, shortlisted the final five firms – Teleology Holdings Limited, promoted by Adrian Wood, the pioneer CEO of MTN Nigeria; Smile Telecoms Holdings, with operations in Nigeria, Tanzania, Uganda, Congo DR and South Africa; Helios Investment Partners; Bharti Airtel and Globacom.

Meanwhile, Solicitor to Spectrum Wireless Communication Limited in a public notice warned that by virtue of the said judgment, Dr. Joseph Nnanna, Oluseyi Bickersteth, Ken Igbokwe, Funke Ighodaro and Boye Olusanya as security trustee nominee of the board of Emerging Markets Telecommunications Service has been nullified and the order appointing them vacated.

The Solicitors warned that any institution or company who transacts business for the purpose of sale or acquisition of EMTS or 9Mobile does so at his or her own risk.

Justice Buba in his judgment said that the motion is struck out having set aside the order adding that “the respondent shall reverse all steps taken by it since the order was nullity.”

SOURCE - https://prexblog.com/9mobile-sale-confusion-court-sacks-interim-board-investors-warns-airtel-glo-others/

Double wahala

.

Lol


Better news jare

Today is my Birthday but poverty won't let me celebrate it

J

this is serious

Can 10 Mobile Just buy them

Nigerian greed has commenced work , this is how they will do and do till all the remaining 17 million subscriber run away and leave a shell company nobody can acquire

Leave all these complex jargons... They need to grease some corrupt leaders hands for them to have a smooth transition otherwise....

i just need to be a 2 percenter in this company biko

Its funny that a dilapidated network operator like Glo, still has the effrontery and audacity to bid for another network operator.

They should be considering about how to improve there network quality instead of thinking about coverage and bandwidth. Its pathetic!

To my mentor Adenuga, stay clear of this deal. Rather focus on growing Glo's subscribers and overtake thieving MTN. It's about time Sir. Oh well what do I know

joel1991:
Today is my Birthday but poverty won't let me celebrate it

At least let me wish you.

Happy birthday �

joel1991:
Today is my Birthday but poverty won't let me celebrate it

at least you're alive. When there's life there's hope. Happy birthday. Here's your birthday gift

English is a confused language..set aside,nunified,respondent where were all these people when interim bicycle get rolling to safe 9mobile..

Confusing

Arab jazz still working

.

what is this ?

joel1991:
Today is my Birthday but poverty won't let me celebrate it

BY GODS GRACE POVERTY WILL NEVER BE YOUR POTION, MAY GOD LIFT YOU FROM GRACE TO GLORY, AMIN. WISHING YOU LONG LIFE, PROSPEROUS AND FRUITFUL YEARS.

joel1991:
Today is my Birthday but poverty won't let me celebrate it

I prophesy to your life, 2018 poverty is banished from your life IJN. You hands to find something doing that will increase your finance IJN.
Go and prosper. Testimony coming your way soonest. Amen.

Kai, even the news was affecting my etisalat sub b4. I hope it stabilises now wey court don talk

joel1991:
Today is my Birthday but poverty won't let me celebrate it

I'm only here to wish you a happy birthday. God bless us

YoungRichRuler:
Na who Etisalat offend?
Dem never comot for their back

who send them to go do 0809ja for life now they are fighting for life what an irony!!

joel1991:
Today is my Birthday but poverty won't let me celebrate it

No worry I go help you celebrate am. See me poping drinks for your birthday below

The controverses surronding this deal have casted shadows of doubt consequently resulting in me backing out. I also want to buy 9mobile.






The sim card i mean

Them no fit dash me ni?instead of giving it to one already made billionaire make them help me na

joel1991:
Today is my Birthday but poverty won't let me celebrate it

Api bai'dae jareh....wullnp
Take dis one faji small...na d one wey remain from xmas and new year sales
Lol