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Friday, April 05, 2019

9mobile refutes reports on 'void sale,' urges for calm - ITREALMS

The management of Emerging Markets Telecommunication Services Ltd. (trading as 9mobile) has refuted the news making a round that the Federal High Court sitting in Abuja has nullified the sale of EMTS to Teleology Nigeria Limited, reports ITREALMS.

"EMTS hereby states that these news reports are incorrect, misleading, mischievous and a total falsehood," declared the Company Secretary cum Legal Adviser, 9mobile, Ore Olajide in a press statement made available to 
ITREALMS.

"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."

Olajide also pointed out that "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."

Further, the Legal adviser said, "EMTS (9mobile) has however appealed the order and also sought an injunction pending appeal at the Court of Appeal. Clarifying the recent reports, Company Secretary/Legal Adviser, 9mobile, Ore Olajide said, “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 equally assured 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."

Insisting that EMTS remain focused on providing best in class telecommunication services to its subscribers and will provide necessary updates in due course.

Remmy Nweke/DoP

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