Teleology Appoints New Board Of Directors For 9Mobile

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New Board of Directors For 9mobile
By Olabisi Olaleye

After a very long impasse over who takes over the embattled 9Mobile,Teleology has officially announced its grip on the telco.
The new owners, Teleology has also constituted a new Board of Directors that include an Acting Managing Director, Stephane Beuvelet.
In a statement signed by the organisation, the successful completion of the tenure of the former Board appointed by the Central Bank of Nigeria (CBN) and in fulfillment of the consequential transfer of final ownership to the new investors, Teleology Nigeria Limited.
Commenting, new Chairman of the Board, Alhaji Nasiru Ado Bayero said, “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.
“For us, the composition of the new Board of Directors is another significant milestone, and this follows the issuance of final approval of no objection by the Board of the Nigerian Communications Commission (NCC) to the effect that the technical and financial bids Teleology submitted for 9mobile met and satisfied all the regulatory requirements. This is indeed the dawn of a new era in the evolution of the 9mobile brand in the Nigerian market”.
Other new board of directors are Asega Aliga (Non Executive Director), former MTN CEO Adrian Wood (Non Executive Director), Mohammed Edewor (Non Executive Director),Winston Ndubueze Udeh (Non Executive Director), and Abdulrahman Ado (Executive Director).
Recall that the CBN in collaboration with the telecoms umpire Nigerian Communications Commission,NCC, had in July 2017 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.

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