• Friday, March 29, 2024
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9mobile: Court voids transfer of licence, not sale, to Teleology Nigeria

9 mobile

Management of 9mobile has denied reports that the Federal High Court sitting in Abuja has nullified the sale of the telecoms company to Teleology Nigeria Limited.

Reacting to some online news, the company clarified that the court hearing on April 1, 2019, was for the case of transfer of Emerging Markets Telecommunications Service (now trading as 9mobile) licence to Teleology, the new owner, and had nothing to do with the sale, which has been finalised.

“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. 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 licence even without locus standi,” the company said in a statement sent to BusinessDay.

9mobile says it has however appealed the order and also sought an injunction pending appeal at the Court of Appeal.

Clarifying the recent reports, Ore Olajide, company secretary/legal adviser, 9mobile, 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”.

The news of the said April 1 ruling broke online on Thursday and forced 9mobile to clarify certain issues. “These news reports are incorrect, misleading, mischievous and a total falsehood,” 9mobile said in a statement.

“9mobile hereby assures our 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,” it said.