, Court didn’t nullify 9mobile sale to Teleology, owners say, Technology Times

Court didn’t nullify 9mobile sale to Teleology, owners say

Court didn’t nullify 9mobile sale to Teleology, owners say

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Owners of 9mobile formerly Etisalat Nigeria have debunked reports that the court has nullified sale of the number four mobile phone company in Nigeria to Teleology Nigeria Limited

Ore Olajide, Company Secretary/Legal Adviser, 9mobile says in a statement made available to Technology Times that Federal High Court sitting in Abuja has not nullified the sale of Emerging Markets Telecommunication Services Ltd, owners of 9mobile, to Teleology.

“The Management of Emerging Markets Telecommunication Services Ltd. (trading as 9mobile) is aware of the news publication being circulated on online news platforms that the Federal High Court sitting in Abuja has nullified the sale of EMTS to Teleology Nigeria Limited. EMTS hereby states that these news reports are incorrect, misleading, mischievous and a total falsehood”, according to the statement.

Olajide adds that the “Federal High Court, Abuja did not nullify the sale of EMTS; the court on 1st April 2019 made an order for parties to maintain status quo as at April 25, 2018. As at the said date, EMTS (9mobile) was not a party to the suit before the court. 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.”

According to Olajide, “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 EMTS 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.”

EMTS says it has appealed the order and also sought an injunction pending appeal at the Court of Appeal.

The 9mobile owners want their “subscribers and all stakeholders to remain calm as matters are under control and we are working with our team of legal counsels to follow through as deemed necessary.”

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