BusinessAt Last, Teleology Assumes Full Ownership of 9mobile, Appoints New Board

At Last, Teleology Assumes Full Ownership of 9mobile, Appoints New Board

GTBCO FOOD DRINL

SAN FRANCISCO, November 12, (THEWILL) – Teleology, the firm that won the bid for troubled 9Mobile says it has taken possession of the embattled telecoms carrier and appointed a new Board of Directors after a protracted process.

The move it said in a statement Monday “Followed the successful completion of the tenure of the former Board appointed by the Central Bank of Nigeria (CBN) and in fulfillment of the consequential transfer of final ownership to the new investors, Teleology Nigeria Limited…

“For us, the composition of the new Board of Directors is another significant milestone, and this follows the issuance of final approval of no objection by the Board of the Nigerian Communications Commission (NCC) to the effect that the technical and financial bids Teleology submitted for 9mobile met and satisfied all the regulatory requirements. This is indeed the dawn of a new era in the evolution of the 9mobile brand in the Nigerian market.”

Glo

The new Board of Directors as announced are:

1. Nasiru Ado Bayero (Chairman)

2. Asega Aliga (Non Executive Director)

3. Adrian Wood (Non Executive Director)

4. Mohammed Edewor (Non Executive Director)

5. Winston Ndubueze Udeh (Non Executive Director)

6. Abdulrahman Ado (Executive Director)

7. Stephane Beuvelet (Acting Managing Director).

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