Yesterday, I posted how Access Bank took over Etisalat but it's now revealed that it's not just Access Bank but Ten Nigerian banks in total were involved in the massive lending service to Etisalat that cumulated to some billions of Naira.
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. Below is the list of the banks.
THE LENDERS INCLUDE
1. Zenith Bank
2. GT Bank
3. First Bank
4. UBA,
5. Fidelity Bank
6. Access Bank,
7. Ecobank,
8. FCMB
9. Stanbic IBTC Bank and
10. Union Bank.
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. Below is the list of the banks.
THE LENDERS INCLUDE
1. Zenith Bank
2. GT Bank
3. First Bank
4. UBA,
5. Fidelity Bank
6. Access Bank,
7. Ecobank,
8. FCMB
9. Stanbic IBTC Bank and
10. Union Bank.
Thank 4 inform
ReplyDeleteNa wa for etisalat
ReplyDeleteEtisalat on fire 😎😎😎😎
ReplyDeleteThis is a bad development for Etisalat and my only fear is on the issue of having free data.
ReplyDeleteEtisalat is Dead! How can a bank manage a telecommunication company not to talk about 10 banks
ReplyDeleteIt's possible for them to manage it perfectly well.
DeleteThey either continue with the old workers and they employ new and competent people
Thanks for Your lovely update
ReplyDeleteEtisalat is Dead! How can a bank manage a telecommunication companynot to talk about 10 banks
ReplyDeleteIt's possible for them to manage it perfectly well.
DeleteThey either continue with the old workers and they employ new and competent people
etisalat
ReplyDeleteBad news
ReplyDeleteSo sad for etisalat
A bank can manage a telecom business if it decides to employ competent hands
ReplyDeleteSorry for them
ReplyDeleteEtisalat has sufered
ReplyDeleteYes o Etisalat has suffer a great lost
ReplyDelete