Etisalat Nigeria Chairman, Hakeem Bello-Osagie, resigns

Hakeem Belo-Osagie
Hakeem Belo-Osagie

The Chairman of Etisalat Nigeria Limited, Hakeem Bello-Osagie, has resigned his position.

The resignation takes immediate effect.

A statement obtained by PREMIUM TIMES confirmed the development, saying the decision followed “the approval of a restructuring plan for the telecommunications firm.”

Mr. Bello-Osagie, the one-time Chairman of the United Bank for Africa, UBA, was the surviving shareholder in the embattled mobile operator currently embroiled in a $1.2 billion (about N377.4 billion) loan repayment crisis with a consortium of 13 Nigerian banks.

He was the promoter of Emerging Markets Telecommunications Services, EMTS, which controlled 15 per cent of the equity holding of the company

His resignation followed the withdrawal, two weeks ago, of the company’s major shareholder, Emirates Telecommunications Group Company, which announced the decision to quit effective June 15, 2017.


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  • 0tile

    Is this man really Hakeem Bello or Lamido Sanusi? Allah, the two Islamists look cloned.

    • Izedomi Ohirein

      That is Hakeem, he look no where like Sanusi.

      • Iragbijiile Grant

        Besides he has degrees from Cambridge, Oxford and Harvard.

        Sanusi went to Abu

        • Izedomi Ohirein

          They both went to Kings College Lagos and wear similar biers.

          • Iragbijiile Grant

            Hakeem got into Kings college on merit, no way the Hausa doofus got in on merit.

          • Izedomi Ohirein

            Sanusi must have got into King’s College on merit from the quota reserved for the north.
            King’s College was fee paying & Sanusi was a Fulani Prince. Quite intelligent too.

    • saudat zik

      How can this b sanusi lamido??? SMH

  • Anslem Igueben

    Premium Times Editor,

    Look, you people in Premium Times, look here!
    If you want to do radio program, then, go and turn yourself to Premium Times FM.
    Five minutes ago the headline was APC party talking nonsense that Buhari is jogging around.
    I went inside to bring out my dictionary to look for big English and pour curses on the APC party.
    Lo and behold the headline has changed in one minute to FOUR SOLDIERS KILLED IN BORNO.

    What’s the meaning of that kind of journalism? In just one minute headline has become stale news?
    I now said okay, let me not waste the big English i have crammed and better use them on Boko Haram.
    To me there is no difference between APC party and Boko Haram murderers – both of them kill Nigerians.
    Lo and behold again, within just one minute, headline has changed again to ETISALAT and Bello-Osagie.
    What’s the meaning of all this? I don’t know if headline will change next minute to Osinbajo has RESIGNED.

    • Iragbijiile Grant

      Yibo man, Osinbajo will not resign. The devil is a liar

  • musa aliyu

    Etisata, or Etisalat, or, what do you call ourselves? make una take luna time o! i dry enjoy una fast link, as i type this. make luna no fold up o!

  • sammyctu ode

    Hakeem-Bello Osagie was one of the criminal bankers that contributed to we investors loosing money during the 2008 collapse. He should have been banned from participating in any Nigerian major businesses but cos of corruption and impunity in Nigeria he reinvented himself and brought in etisalat which has equally collapsed on his face now. This guy is not a businessman but a real crook. He and others thought that the party of free money will continue under Jonathan but alas PMB came and changed their evil plans. CBN has no business meddling in etisalat loan problems. The banks that etisalat owed should take over etisalat and the board period.

  • Iragbijiile Grant

    Fake whiz kid has been whisked out!

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