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See List Of The Banks That Took Over Etisalat
One of Nigeria’s telecommunication companies, Etisalat has now been taken over by ten major Nigerian lenders.
The lenders include:
1. Zenith Bank
2. GT Bank
3. First Bank
4. UBA,
5. Fidelity Bank
6. Access Bank,
7. Ecobank,
8. FCMB
9. Stanbic IBTC Bank and
10. Union Bank.
The take-over came as a result of a futile effort by Emerging Markets Telecommunications Services, EMTS, promoted by-one time Chairman, United Bank for Africa, UBA, Hakeem Bello-Osagie, to reach agreement with the banks on debt restructuring plan in the protracted $1.72 billion (about N541.8 billion) debt impasse.
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