BY TheCable
Matthew Willsher, who resigned as CEO of Etisalat Nigeria on Monday, will stay on as special adviser to the new man, Boye Olusanya, TheCable can report.
This is part of the “seamless transition” arrangement brokered by the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) to keep the mobile network on the path to management stability.
Meanwhile, the NCC, in a statement issued on Tuesday morning, has announced that Etisalat and its creditors “have successfully reached an amicable resolution of key issues pertaining to its indebtedness”, and that “a smooth transitional process is currently ongoing on mutually agreed terms”.
Willsher, whose contract as CEO was to expire in December 2017, will still enjoy all his benefits and help with a smooth transition process before exiting the company, insiders informed TheCable.
All the agreements reached at a meeting on Thursday involving the CBN, NCC, creditors and the Etisalat management have now been implemented.
Keem Belo-Osagie resigned as chairman, as agreed, the following day, while the CEO and CFO resigned on Monday, paving the new for the new CEO and CFO to assume duties at 7.45pm same day.
In a statement signed by Tony Ojobo the NCC director of public affairs, the regulator said the “amicable resolutions” will also strengthen Etisalat.
Following our Press Release of June 20, 2017 on the above, and in response to stakeholder enquiries regarding the current position on Etisalat Nigeria, the Nigerian Communications Commission (NCC) wishes to state as follows:
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