9mobile Clarifies the Court Order regarding its Sale to Teleology Nigeria

Proshare

 Tuesday, April 10, 2019 9:00AM / 9Mobile

 

The Management of Emerging Markets Telecommunication Services Ltd. (trading as 9mobile) is aware of the news publication being circulated on online news platforms that the Federal High Court sitting in Abuja has nullified the sale of EMTS to Teleology Nigeria Limited. EMTS hereby states that these news reports are incorrect, misleading, mischievous and a total falsehood.

The Federal High Court, Abuja did not nullify the sale of EMTS; the court on 1st April 2019 made an order for parties to maintain status quo as at April 25, 2018. As at the said date, EMTS (9mobile) was not a party to the suit before the court. The action before Justice Binta Nyako of the Federal High Court is not about the sale of EMTS (9mobile) but rather, the transfer of the license even without locus standi.

EMTS (9mobile) has however appealed the order and also sought an injunction pending appeal at the Court of Appeal. Clarifying the recent reports, Company Secretary/Legal Adviser, 9mobile, Ore Olajide said, “The sale of 9mobile to Teleology Nigeria Limited has not been nullified. The court made an order to maintain status quo as at April 25, 2018 when EMTS was not a party to the suit and we have appealed the ruling as well as sought an injunction pending appeal at the Court of Appeal”.

EMTS hereby assures our subscribers and all stakeholders to remain calm as matters are under control and we are working with our team of legal counsels to follow through as deemed necessary.

EMTS remains focused on providing best in class telecommunication services to its subscribers and will provide necessary updates in due course.

 

Signed:

 

Ore Olajide

Company Secretary/ Legal Adviser, 9mobile

 

 

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