It has officially been revealed that the majority stake of 9mobile’s parent company, Emerging Markets Telecommunication Services Limited, was recently sold to UK-registered LH Telecommunication Limited, with the financial details remaining undisclosed.
It is said that the voice and data services provider received approval from the Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission (FCCPC).
The company anticipates that the new ownership arrangement will provide stability and new investment opportunities, allowing it to have a stronger presence in Nigeria’s competitive telecom market. 9mobile has elected a new board of directors such as:
• Obafemi Banigbe has been appointed as Managing Director and CEO.
• While Thomas Etuh serves as the Chairman of the Board. Having more than 36 years of expertise in telecommunications, agriculture, and banking, Etuh founded the TakGroup of Companies and has also been a board member of Unity Bank Plc and Notore Chemicals Industries Plc.
• Nahim Abe Ibraheem, with more than three decades of experience in finance, oil trading, and procurement.
• Femi Edun is a financial services expert with 35 years of experience gained from working at Deloitte and PricewaterhouseCoopers.
• Senator Daisy Ehanire Danjuma holds a top position at SAPETRO, with significant leadership experience in multiple foundations and companies.
• Michael Ikpoki, who was the former CEO of MTN Ghana and MTN Nigeria, is now heading Africa Context Advisory Partners.
• Ibrahim Puri, a seasoned finance expert with more than three decades of experience.
• Gloria Danjuma, with more than two decades of experience leading in various sectors.
• Emmanuel Etuh oversees corporate services as the Executive Director of Lighthouse Capital.
The new leadership team will assist in leading 9mobile through its transition and recovery, which signifies a crucial move in enhancing the company’s market position.
