Hakeem Bello-Osagie, Etisalat Nigeria chairman resigns

- The chairman of Etisalat Nigeria Limited has resigned from his position

- This is followed by the debt crises currently rocking the telecom company

- She is said to be the surviving shareholder of the mobile company

Hakeem Bello-Osagie, chairman of embattled telecommunications company, Etisalat Nigeria Limited, has resigned his position from the company.

According to reports by Premium Times, the resignation takes immediate effect.

His resignation decision was said to have followed "the approval of a restructuring plan for the telecommunications firm."

Mr. Bello-Osagie, is said to be the surviving shareholder of the mobile company

24repoters.com had reported that Etisalat Nigeria Limited is currently embroiled in a loan repayment crisis with some Nigerian banks.

24repoters.com  further reported that three Nigerian banks were set to take over telecommunications firm Etisalat on Wednesday, March 8, over unpaid debt.

According to the report, the move follows the failure of the Nigerian Communication Commission (NCC) to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks.

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