Court void sale of 9mobile report incorrect, misleading- EMTS

Ladesope Ladelokun

The Management of Emerging Markets Telecommunication Services Ltd. (trading as 9mobile) has dismissed a news publication that is being circulated on online news platforms that the Federal High Court sitting in Abuja has nullified the sale of EMTS to Teleology Nigeria Limited.

The Company Secretary\Legal Adviser of 9mobile, Ore Olajide, in a statement made available to The Daily Times described the news reports as incorrect, misleading, mischievous and total falsehood.

According to Olajide, contrary to the misleading reports, the Federal High Court, Abuja did not nullify the sale of EMTS; the court on April 1, 2019 only made an order for parties to maintain status quo as at April 25, 2018, adding that as at the said date, EMTS (9mobile) was not a party to the suit before the court.

Olajide explained that 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 license even without locus standi.

He further stressed that EMTS (9mobile) appealed the order and also sought an injunction pending appeal at the Court of Appeal.

Clarifying the recent reports, 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 seeking an injunction pending appeal at the Court of Appeal.”

EMTS has, however, assured its subscribers and all stakeholders to remain calm as matters are under control – just as the company is working with its team of legal counsels to follow through as deemed necessary.

Also, the company reiterated its resolve to remain focused on providing the best telecommunication services to its numerous subscribers, noting that it will provide necessary updates in due course.