‘Count Us Out Of Etisalat Board’, Says NCC

The Oasis Reporters

July 10, 2017

The Nigerian Communications Commission, NCC, has rejected the allegation said that it is among the members of the new board of Etisalat.

This was stated by NCC’s Director of Public Affairs, Mr Tony Ojobo in a statement on Saturday in Lagos.

Ojobo said that the attention of the commission had been drawn to a report by some media organisations to the effect that NCC was represented on the new Board of Etisalat.

“The commission hereby makes it clear that it is not on the Board of Etisalat.

“As the regulator of the telecommunications sector, there was a recommendation suggesting that NCC should be on the new board of the company but the commission declined.

“The NCC considered it necessary to bring this to the attention of the general public,” he said.

Etisalat Nigeria on Tuesday, July 4, confirmed the appointment of Boye Olusanya, a former Deputy Managing Director of Celtel Nigeria (now Airtel Nigeria) as it’s Chief Executive Officer.
Etisalat company said that Olusanya was replacing Mr Matthew Willsher, who stepped down as the CEO on Monday, July 3.

Mr. Olusanya would have the task of overseeing the company’s journey into paying off the huge amount of loans it had gathered from a consortium of Banks as it tries as well to stay above water. The banks had recently sat with the NCC and the Central Bank of Nigeria (CBN) to agree not to foreclose on the telecommunications firm.

Other sources .

Greg Abolo

Blogger at The Oasis Reporters.

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