The CEO and CFO of Etisalat Nigeria, Matthew Willsher and Olawole Obasunloye, respectively have resigned.
This is coming some days after the resignation of the Chairman, Hakeem Bello-Osagie and some Mubadala directors of the United Arab Emirate (UAE) firm.
A new board has been constituted. The new board appointments are: Dr. Joseph Nnanna (CBN), Mr. Oluseyi Bickersteth (KPMG), Mr. Ken Igbokwe (PWC), Mr. Boye Olusanya (former DMD of Celtel) and Mrs. Funke Ighodaro (former CFO, Tiger Brands)
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Their resignations came on the heels of the protracted loan impasse of the $1.2 billion the telecommunications firm is owing a consortium of 13 banks, which has subsequently led to the pull out of the parent body and major investor, the Mubadala Group.
[…] Nigeria has a new board with an Acting CEO, Boye Olusanya. They have the mandate to pilot the affairs of this company and […]