9mobile has reacted to the news that the Federal High Court sitting in Abuja has nullified the sale of 9Mobile to Teleology Nigeria Limited, describing it as misleading, mischievous and a total falsehood.
The statement said as at the said date, Emerging Markets Telecommunication Services Ltd, was not a party to the suit before the court, adding that case before Justice Binta Nyako of the Federal High Court is not about the sale of 9mobile but rather, the transfer of the licence even without locus standi.
Olajide 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”. Meanwhile, the President of the Association of Telecoms Company of Nigeria , Mr. Olusola Teniola, has said Teleology Nigeria, which is the majority shareholder in 9mobile, must be bold to comment on the issues at stake, in order to send clear signals to 9mobile subscribers.
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