Revealed! billionaire, others battle over ownership of 9mobile

• Hearings earlier an Abuja Federal High Court person resumed, adding to the ongoing struggle implicit EMTS's ownership and management
• Along with a projected connection of defence and counterclaim, Keystone Bank has submitted an exertion to go a enactment to the case
• Plaintiff Abubakar Funtua sued Theophilus Danjuma, his concern LH Telecommunication Limited, and the different defendants implicit ownership

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

A federal precocious court successful Abuja has resumed hearings, further complicating the continuing conflict implicit ownership and absorption of Emerging Markets Telecommunication Service, oregon EMTS, the holder and relation of the 9Mobile telecommunication license.

Abubakar Funtua sued General Theophilus Danjuma and his concern LH Telecommunication Limited, arsenic good arsenic the different defendants, implicit EMTS ownership. Photo Credit: 9mobile, Theophilus Danjuma
Source: Getty Images

Vanguard reported that Keystone Bank has filed an exertion to articulation the ailment arsenic a party, unneurotic with a projected connection of defence and counterclaim that reveals triable issues and shows the applicant's involvement successful the case.

Among different things, the slope is requesting successful its counterclaim that the solution of the 5th defendant, which was passed connected December 7, 2023, reducing the 3rd defendant's percent stake, interest, oregon shareholding successful the sixth suspect to counterclaim to astir 4.5 percent and raising the stock superior of the sixth suspect to counterclaim from N90,000,000 to N2,000,000,000, is void.

Nigerian billionaire General Theophilus Danjuma (retd) and his institution LH Telecommunication Limited, on with the different defendants, were sued by plaintiff Abubakar Funtua implicit the ownership and power of EMTS trading nether the sanction 9Mobile.

The different defendants see Hayatu Hassan Hadeija, Teleology Nigerian Limited, the Corporate Affairs Commission (CAC), the Nigerian Communications Commission (NCC), Seltrix Limited (sued arsenic the archetypal defendant), and 1 Mohammed Edewor, a manager successful Teleology Nigeria Limited.

A question by Keystone Bank to beryllium added arsenic a enactment to the ailment with a connection of defense, counterclaim, and complaint of fraud against definite defendants successful suit No. /ABJ/CS/1971/2024 was presented to the parties astatine the case's resumed hearing.

The question states among different things that:

“The applicant, Keystone Bank, besides intends to contiguous a counter-claim and has prepared a projected connection of defence and counter-claim which discloses triable and fecund issues and besides demonstrates applicant’s involvement successful the taxable of this suit.“The lawsuit of the applicant, is that the solution passed by the 3rd suspect connected May 9, 2023, approving the alteration of control/ownership of the 5th suspect from the 3rd suspect to the 8th defendant, successful usurpation of the facilities agreements (Deed of Share charge) betwixt the applicant and 3rd defendant, and the orders of the tribunal made connected February 20, 2023, successful suit No. FHC/L/CS/297/2023 is illegal, null and void.“The lawsuit of the applicant, arsenic acceptable retired successful the projected connection of defence and counter-claim, is that the solution passed by the 3rd suspect connected May 9, 2023, approving the alteration of control/ownership of the 5th suspect from the 3rd suspect to the 8th defendant, successful usurpation of the facilities agreements (Deed of Share charge) betwixt the applicant and 3rd defendant, and the orders of the tribunal made connected February 20, 2023, successful suit No. FHC/L/CS/297/2023 is illegal, null and void.

In a caller report, the absorption of 9mobile denied that it had unopen down operations successful Nigeria. Photo Credit: 9mobile
Source: Getty Images

In a connection released Friday successful Lagos, the absorption of the telecom institution 9mobile denied reports that it had unopen down operations successful Nigeria.

It noted that the allegations were wholly unfounded and intended lone to incite needless fearfulness among its loyal customers.

“We recognize that immoderate customers person precocious faced challenges, peculiarly with Mobile Number Portability (MNP), a work that enables seamless web switching.

9mobile explains work disruption, makes promises

Legit.ng reported that the absorption of 9mobile has apologised to Nigerians following a caller work disruption that affected assorted parts of the country.

In a property statement, 9mobile attributed the disruption to aggregate fibre cuts and harm to its web infrastructure.

Customers person reported that the web outage began connected Saturday and persisted until Wednesday, causing important disruption to their connectivity and telephone calls, Leadership reports.

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Source: Legit.ng