Farouk Lawal Demanded $500000 Bribe-Otedola Tells Courtcultists gouge out seven-year-old boy’s eyesBreaking:Offa Robbery Gang Leader “Michael Adikwu” dies in custodyAdemola Lookman Dumbs Super EaglesTiwa Savage Talks About Battle with Low Self EsteemAlleged Fraud:Dokpesi Has A Case To Answer-CourtI was Told To Reject 2015 Election Result-JonathanPresident Appoints New Supreme Court JusticeFela Durotoye Unveils Khadija Abdullahi-Iya As Running MateUnited Kingdom-Based High Street Fashion Brand, Hype And Steam Officially Launches In Nigeria
NCC Intervened In Etisalat Crisis
Leave a comment | | July 27, 2017 5:12 PM

The Nigerian Communications Commission (NCC) has revealed why they intervened into the present debt crisis confronting the mobile telecommunication company, Etisalat which is now known to be 9mobile.

According to NCC Executive Vice Chairman, Prof. Umar Danbatta, ‘’we took the interest of investors, subscribers and employees into consideration to align with the central bank of Nigeria in order to resolve the debt challenges facing the organization, known as 9mobile’’.

ALSO READ:   FG Releases N100bn Sukuk Bond Proceeds To 25 Road Projects

Danbatta stated further, saying; ‘’over 20 million and 2,000 workers would have been affected if we did not intervene in the matter with a view to finding an amicable resolution.’’

‘’we want to see a viable and thriving 9mobile and we want to cooperate with you so that things can move seamlessly and be successful.’’

Danbatta stated that the commission collaborated with the CBN to avert a looming economic disaster.

ALSO READ:   Banks Make Provisions For 9Mobile $1.2bn Debt

The NCC boss assured the 9mobile team of the commission’s cooperation to grow its network.

Olusanya expressed appreciation to the NCC management for its cooperation that led to a seamless change in name and asked for concessions, especially in the area of spectrum assignment.

NOTICE

Copyright 2018 E247Magazine. Permission to use quotations from this article is granted subject to appropriate credit being given to https://www.e247mag.com as the source.

No Comments »

 


Leave a Reply

Your email address will not be published.

ZENITH
Access Bank
Facebook Page Like
Twitter Tweets
Loading…
%d bloggers like this: