Etisalat

Etisalat Nigeria, now referred to as 9 Mobile, took loan from 13 banks amounting to US$1.2bn, but failed to make repayments. The Nigerian senate in a bid to intervene in the debt crisis have directed its Committees on Banking, Communications, Capital Market and National Security to investigate the management and utilization of the loan facility. The motion which was led by Senator Adeola Olamilakan (Lagos West-APC), who hinted that the the seven-year corporate loan was acquired in 2013…