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  • Etisalat Nigeria Chairman Resigns
  • The Chairman of Etisalat Nigeria Limited, Hakeem
    Bello-Osagie, has resigned his position. The
    resignation takes immediate effect.
    A statement obtained by Premium Times
    confirmed the development, saying the decision
    followed “the approval of a restructuring plan for
    the telecommunications firm.”
    Mr. Bello-Osagie, the one-time Chairman of the
    United Bank for Africa, UBA, was the surviving
    shareholder in the embattled mobile operator
    currently embroiled in a $1.2 billion (about N377.4
    billion) loan repayment crisis with a consortium of
    13 Nigerian banks.
    His resignation followed the withdrawal, two weeks
    ago, of the company’s major shareholder, Emirates
    Telecommunications Group Company, which
    announced the decision to quit effective June 15,

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