Access Bank PLC Takes Over Etisalat Nigeria

A consortium of banks, led by Access Bank PLC and other Nigerian and foreign banks, has taken over the management of Etisalat Nigeria, effective June 15.


The takeover followed the collapse of the 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.
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Edited by: Endy Edeson
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FACEBOOK COMMENTS

Henry Bassey and 4 others

Olajide Crown Johnson

I Smell Conspiracy Against That Man, He Did Not Dance To The Tune Of Power That Be!

Johnson Ahile

So etisalat is in debt and they are rolling out celebs as ambassadors

Johnson Ahile

mr olajide which man are u talking about

Frank Chijioke Adeyinka

Endy what are the names of other banks

Endy Edeson

@Frank.The banks 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.