The new owner of debt-laden 9mobile has announced the constitution of a new board of Directors for the new company.
This new appointments is sequel to the successful completion of the tenure of the former Board appointed by the Central Bank of Nigeria (CBN) and in fulfilment of the consequential transfer of final ownership to the new investors, Teleology Nigeria Limited.
The new board of Directors include the appointment of 54-year-old Kano Prince, Nasiru Ado Bayero as Chairman, while Stephane Beuvelet, former Chief Technical Officer of MTN, Cote D’Ivoire (Ivory Coast) was named as the Acting Managing Director.
- Asega Aliga (Non-Executive Director)
- Adrian Wood (Non-Executive Director)
- Mohammed Edewor (Non-Executive Director)
- Winston Ndubueze Udeh (Non-Executive Director)
- Abdulrahman Ado (Executive Director)
Reacting to the new appointment, Chairman of the Board, Alhaji Nasiru Ado Bayero welcome the new appointment.
According to him
“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.”
Recall that in July 2017, the CBN in collaboration with the NCC, had 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.
Now 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.