Finally, Teleology takes over 9mobile, Appoints New Board Emma Okonji Teleology has finally received approval to take full ownership of 9mobile, 10 months after Barclays Africa, the financial adviser handling the sale of the telecoms, announced Teleology
Holdings as the preferred bidder and Smile Telecoms Holdings as the reserve bidder. Despite the announcement by Barclays Africa and the subsequent transmission of letters of notification to both the preferred bidder and the reserve
bidder since February 21, 2018, Teleology could not take over 9mobile because it was yet to get the letter of 'No Objection' from the Nigerian Communications Commission (NCC), the telecoms industry regulator. The Executive Vice Chairman
of NCC, Prof. Umar Danbatta, had said NCC needed to conduct due diligence on Teleology Holdings to ascertain its technical competence in managing 9mobile. He, however, said the due diligence had been conducted
and the report submitted to the NCC board, but that the board was yet to decide on a position statement, based on the findings of the report. THISDAY gathered that NCC had concluded on the 9mobile deal and had transmitted a letter
of 'No Objection' to Teleology, the basis on which Teleology had to quickly appoint a new Board of Directors for 9mobile, having received the NCC nod to take full control of 9mobile. The announcement of the new Continued on page 6
Osinbajo Restates Support for Fiscal Federalism, State Police … Page 8 Tuesday 13 November, 2018 Vol 23. No 8609. Price: N250
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Fashola: FG’s Massive Spending on Infrastructure Will Soon Pay Off … Page 12
Buhari in Paris, Promises More Investments in Education Omololu Ogunmade, Alex Enumah in Abuja
President Muhammadu Buhari yesterday in Paris, France promised to investment more in the education sector, premising this, however, on improvement in the revenue of the country. The president, who spoke during an interactive session with the Nigerian community in Paris, also told Nigerians in the Diaspora that he was doing his best to effectively utilise Nigeria's resources
but was often frustrated by huge volume of stolen money stashed in the United States, Europe and other countries. Buhari’s pledge to uplift the education sector, which he admitted was the engine room of the nation’s development, came against the background of the strike by university teachers, who downed tools last week to protest government’s poor funding of the nation’s universities. Special Adviser to the
Continued on page 6
Obi Lists Atiku’s Priorities, Says Nigeria Will Be Reunited Adedayo Akinwale in Abuja The vice presidential candidate of the Peoples Democratic Party (PDP), Mr. Peter Obi, yesterday said his principal, Alhaji Atiku Abubakar, would prioritise security, national unity, education and job creation, if elected president of Nigeria, saying the country is broken, that another four years of the All
Progressives Congress (APC) is beyond contemplation of any right thinking Nigerian. Obi, who was also a former governor of Anambra State, spoke on ARISE News, a sister broadcast station of THISDAY and said never in the history of Nigeria has the country been so divided, adding that since the Continued on page 8
FROM ABROAD… Again, Court Stays Kano Assembly’s HONOUR L-R: Vice-Chancellor, University of Westminster, Dr Peter Bonfield OBE; Chairman, EbonyLife Media, Ms. Mo Abudu; and the university’s Chancellor, Lady Sorrell OBE, during the conferment of honorary Doctor of Arts degree on Abudu in Corruption Investigation of Ganduje … Page 6 London…yesterday