Saturday 27th January 2018

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Adrian Wood’s Teleology Emerges Preferred Bidder for 9mobile Emma Okonji The interim board of 9mobile may have finally settled for Teleology Holdings Limited as the preferred bidder for 9mobile, the country’s fourth-largest mobile network, according to an insider source. Teleology Holdings Limited, promoted by Adrian Wood, the pioneer Chief Executive Officer

appealed. According to the source, once a case has been appealed, all parties involved must maintain the status quo. "The status quo, which is the existing state of affairs, means that the sale of 9mobile will continue until the Appeal Court passes its judgment," the source said.

This development to settle for Teleology Holdings Limited may have brought to an end the acquisition process supervised by Barclays Africa since last year. Teleology emerged as the new owner of 9mobile ahead of Smile Communications, which had been the only other bidders in the final round of

Ortom Furious with Dan Ali , Says Cows, Herdsmen now Have Immunity, Alleges Aides Misleading Buhari … Page 15

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of MTN Nigeria, was one of the shortlisted five investors bidding for 9mobile. According to the source, which is close to the interim board of 9mobile, Barclays Africa, the financial adviser managing the sales of 9mobile had since submitted its recommendation to the board, which met yesterday

to review the recommendation. THISDAY gathered that the board decided to settle with Teleology Holdings Limited, based on the recommendation of the financial adviser. The preferred bidder is therefore expected to make payment within a given period, to take full possession of the

telecoms company. Although Spectrum Wireless Communication has obtained a court injunction stopping the sale of 9mobile, claiming that it invested over $35 million in the telecoms company, and that the repayment was not factored into the planned sale of 9mobile, the source said the case has been

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Dickson Hails APC Committee on Restructuring, Wants Implementation Before 2019… Page 8

Buhari: It's Disgraceful, None of Our Refineries is Working Optimally Pledges to spend excess accruals from oil to boost infrastructure Eni submits proposal to NNPC to fix Port Harcourt refinery Omololu Ogunmade in Abuja President Muhammadu Buhari yesterday in Abuja lamented the sorry state of the country’s four refineries in Warri, Port Harcourt and Kaduna, saying it was disgraceful that not even one of them was working optimally. The President, who was speaking while receiving a delegation from Eni, led by the Chief Upstream Officer,

Mr. Antonio Vella, said no refinery was performing up to 50 per cent. Buhari’s media aide, Femi Adesina, quoted the President to have said: "In my first coming, all our refineries were working. Port Harcourt used to refine 60,000 barrels per day, and it was later upgraded to 100,000 barrels. Kaduna and Warri were also working Continued on page 6

Five Killed in Fresh Herdsmen Attacks in Plateau Eight injured, 20 houses set ablaze

Seriki Adinoyi At least five persons have been killed and eight severely injured in fresh attacks allegedly perpetrated by armed Fulani herders in Jebbu-Miango village, in Bassa Local Government Area of Plateau State. Houses were equally razed in the attacks which took place on Thursday night. This is even as Governor Simon Lalong denied ceding any portion of Plateau land for cattle colony, adding that

he did not contemplate cattle colony, neither did he have it in his imagination. Confirming the attack, the state’s Police Public Relation Officer, Tyopev Terna put the death figure at three. He said: “Yesterday (Friday) at about 1900hrs, the Police Division in Bassa Local Government Area received a distress call that Jebbu-Miango in Bassa was under attack. The Division immediately informed the Continued on page 6

BON VOYAGE… L-R; President Muhammadu Buhari, Inspector-General of Police, Ibrahim Idris and Chief of Staff, Mallam Abba Kyari as President departs for AU Summit in Addis Ababa, Ethiopia ...yesterday

Odinkalu: Buhari’s Anti-corruption Fight, Partisan, Lacks Credibility… Page 16


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Saturday 27th January 2018 by THISDAY Newspapers Ltd - Issuu