ETISALAT NIGERIA TAKEN OVER by ACCESS BANK AND OTHERS
The etisalat group Nigeria has announced its taken over by the banks. This is as a result of the failure of the debt restructuring plan between estsalat and the consortium of banks and its inability of the telecom company to meet its debt servicing obligations agreed since 2016, amounting to $1.72 billion (about # 541.8 billion) loan facility it obtained from the banks in question since 2015.
This was made known to the public by the financial officer of the group Serkan Okanda, and this will take effect from June, 15 I
