Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof. Umar Danbatta and the Central Bank Governor, Godwin Emefiele, on Thursday met over the loan issue between Etisalat Nigeria and a consortium of commercial banks.
The meeting which held at the Central Bank Headquarters in Abuja was convened by the financial regulator at the instance of the NCC to further deliberate on how best to stave off the attempt by the banks to take over Etisalat.
At the end of the meeting, the CBN agreed to invite Etisalat management and the banks to a meeting tomorrow, Friday, towards finding an amicable resolution.
Tony Ojobo, NCC Director, Public Affairs, in a statement said the agency “as a regulator of the telecom industry had moved quickly to intervene earlier in the week by reaching out to the CBN convinced of the negative impact such a bank take over will have on the industry.”
“NCC was worried about the fate of the over 20 million Etisalat subscribers and the wrong signals this may send to potential investors in the Telecom industry”, it added.
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