9mobile Telecommunication has been taken over by Teleology Following the exit of the CBN-appointed board and the transfer of ownership of the firm to the new investors, Teleology Nigeria Limited, Daily Post reports.
A statement by the company said the decision followed a successful completion of the tenure of the former Board appointed by the Central Bank of Nigeria (CBN) and in fulfilment of the consequential transfer of final ownership to the new investors, Teleology Nigeria Limited.
The company announced the constitution of a new board of directors headed by 54-year-old Nasiru Ado Bayero for the company in Lagos on Monday.
The Central Bank of Nigeria in collaboration with the Nigerian Telecommunication Commission(NCC), in July 2017 appointed a Board of Directors headed by Dr. Joseph Nnanna 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.
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