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Nairaland Forum / Nairaland / General / Investment / Cbn, Ncc Step In Over Etisalat Loan (485 Views)
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Cbn, Ncc Step In Over Etisalat Loan by iliyande(m): 9:04pm On Mar 09, 2017 |
After a meeting Thursday afternoon in Abuja between the Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof. Umar Danbatta and the Central Bank Governor and his team, a decision was reached to intervene in the loan issue between Etisalat Nigeria and a consortium of commercial banks. The meeting which held at the Central Bank Headquarters in Abuja was convened by the financial regulator at the instance of NCC, the telecom regulator, to further deliberate on how best to stave off the attempt by the banks to take over Etisalat. At the end of the meeting, the Central Bank of Nigeria agreed to invite Etisalat management and the banks to a meeting tomorrow, Friday, towards finding an amicable resolution. The NCC as a regulator of the telecom industry had moved quickly to intervene earlier in the week by reaching out to the CBN convinced of the negative impact such a bank take over will have on the industry. NCC was worried about the fate of the over 20 million Etisalat subscribers and the wrong signals this may send to potential investors in the Telecom industry. Signed Tony Ojobo Director, Public Affairs Nigerian Communications Commission Thursday, March 9, 2017 https://twitter.com/NgComCommission/status/839872951818280962 Lalasticlala
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Re: Cbn, Ncc Step In Over Etisalat Loan by eezeribe(m): 9:09pm On Mar 09, 2017 |
If na common man dey owe bank ordinary 100k,na for Kirikiri you go dey cool off. |
Re: Cbn, Ncc Step In Over Etisalat Loan by do4luv14(m): 9:32pm On Mar 09, 2017 |
eezeribe:i tell you, even court ho chop bail for him hand ontop, . chaii |
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