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Etisalat come out of bondage of bill because of CBN and NCC

    Finally, we all thought that we would be experiencing either lower or higher price of Etisalat Data Plan sooner or later but the revise is the case.

    It is no longer news that the 4TH popular and most used telecom in Nigeria ‘Etisalat’ was suppose to be overthrown and taken over by few three bank namely ‘Guaranty Trust Bank, Access Bank and Zenith Bank’ this Month but due to the intervention of CBN and NCC, it is NOT going to happen.

    On the 8th of March, it was pronounced and announced that NCC has confirmed the taking over of Etisalat by the 3 banks of Nigeria because Etisalat did not pay the loaned bill but it all seems to be rumors news as they have finally debunked it.

    News Line states that NCC and CBN held a serious and studious meeting on Friday to find a quick resolution to the crisis facing the Telecom.

    Official statement, β€œThe CBN and NCC were able to secure for Etisalat the necessary oxygen to enable it continue to meet urgent operational expenses.”

    But the question remains; What about $1.72 billion loan (about N541.8 billion) obtained in 2015? Do you have anything o say.