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Hakeem Belo-Osagie resigns as Etisalat chairman

Created by Godstimereal 30.Jun.2017 (PM)
[IMG]http://cdn1.dailypost.ng/wp-content/uploads/2017/06/Hakeem-Belo-Osagie636x357-620x357.jpg[/IMG]
The chairman of Etisalat Nigeria, Hakeem Belo-Osagie, has stepped down following the restructuring of the telecommunication company.
His resignation is effective immediately.

Etisalat was taken over by a consortium of banks two weeks ago.
The banks, led by Access Bank PLC and other local and foreign banks have taken over the telecommunication company effective June 15.

The take-over came as a result of a futile effort by Emerging Markets Telecommunications Services, EMTS, promoted by-one time Chairman, United Bank for Africa, UBA, Hakeem Bello-Osagie, to reach agreement with the banks on debt restructuring plan in the protracted $1.72 billion (about N541.8 billion) debt impasse.

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