GSM telecommunications service provider, 9mobile, on Thursday said
that the Federal High Court sitting in Abuja did not nullify the sale of
the company to Teleology Nigeria Ltd. The Company Secretary/Legal Adviser, 9mobile, Ore Olajide, said that
online media reports that the Federal High Court, Abuja had nullified
the sale was false.
He said that the court on April 1, 2019 made an order for parties to
maintain status quo as at April 25, 2018 because as at the said date,
EMTS (9mobile) was not a party to the suit before the court.
“The sale of 9mobile to Teleology Nigeria Limited has not been nullified.
“The court made an order to maintain status quo as at April 25, 2018
when 9mobile was not a party to the suit and we have appealed the ruling
as well as sought an injunction pending appeal at the Court of Appeal”.
“The action before Justice Binta Nyako of the Federal High Court is
not about the sale of EMTS (9mobile) but rather, the transfer of the
license even without locus standi, ” he said in a statement.
Olajide urged all subscribers and all stakeholders of 9mobile to remain calm as matters were under control.
He noted that the team of legal counsel were doing everything in their power to put everything in order.
Olajide said that 9mobile remained focused on providing best in class
telecommunication services to its subscribers and would provide
necessary updates in due course.
The News Agency of Nigeria (NAN) reports that the Federal High Court
in Abuja had earlier warned the Central Bank of Nigeria (CBN), the
Nigerian Telecommunication Commission (NCC) and others involved in the
transaction for the sale of troubled telecom firm, Etisalat (9mobile)
against taking further steps to conclude the sale.
The warning was informed by claim by some aggrieved investors that
despite a subsisting order of the court, made on October 10, 2018 by
Justice Binta Nyako, barring parties to the transaction from taking
further steps pending the determination of the suit, the CBN, First Bank
and others have allegedly sold the firm and transferred its ownership