Wednesday, June 21, 2017

Checkout the 10 Banks That Took Over Etisalat Nigeria

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.

15 comments:

  1. This is a bad development for Etisalat and my only fear is on the issue of having free data.

    ReplyDelete
  2. Etisalat is Dead! How can a bank manage a telecommunication company not to talk about 10 banks

    ReplyDelete
    Replies
    1. It's possible for them to manage it perfectly well.

      They either continue with the old workers and they employ new and competent people

      Delete
  3. Thanks for Your lovely update

    ReplyDelete
  4. Etisalat is Dead! How can a bank manage a telecommunication companynot to talk about 10 banks

    ReplyDelete
    Replies
    1. It's possible for them to manage it perfectly well.

      They either continue with the old workers and they employ new and competent people

      Delete
  5. A bank can manage a telecom business if it decides to employ competent hands

    ReplyDelete
  6. Yes o Etisalat has suffer a great lost

    ReplyDelete