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Wednesday, November 14, 2018 04.10AM /Press Release/ By
Teleology
Teleology is pleased to announce the constitution of a new Board of
Directors for Nigeria's multi-award-winning telecommunication company, 9mobile,
following 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.
We thank all out-going members of the Board for helping to shepherd
9mobile through the critical transition phase it has passed through since July
2017 and wish them the very best in their future assignments.
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.
The new Board of Directors 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)
The new Chairman of the Board, Alhaji Nasiru Ado Bayero welcomes the
appointment stating, "as we begin this new epochal phase, we wish to thank
all the employees who built this viable business. Our debt of gratitude also
goes to our subscribers even as we assure them to get ready for real
best-in-class additional value for their relationship with the 9mobile brand.
Without you, there could not have been a 9mobile business for us to invest in
today. We will justify your confidence in our brand by making significant
investments that will improve the value you get for using 9mobile."
It would be recalled that the CBN in collaboration with the NCC, had in
July 2017 appointed a Board of Directors chaired by Dr. Joseph Nnanna, the
Deputy Governor of the Central Bank of Nigeria, to oversee the affairs of the
company pending the completion of regulatory due diligence of the bid documents
submitted by Teleology and sixteen others for its acquisition. The bid process
was superintended by Barclays Africa. But with the emergence of the Board, the
long process for the acquisition of 9mobile has reached a definitive end
marking the beginning of a new era for the telecommunication company.
Signed:
Mohammed Edewor
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