The Chairman of Etisalat Nigeria Limited, Hakeem Bello-Osagie, has resigned his position following the approval of a restructuring plan for the telecommunications firm.
His resignation which takes immediate effect, followed the withdrawal of the company’s major shareholder, Emirates Telecommunications Group Company two weeks ago.
Mr. Bello-Osagie, 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 is a former Chairman of the United Bank for Africa, UBA,
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