Oladimeji Ramon and Ife OgunfuwaSpectrum Wireless Communication has issued a buyers beware notice on the sale of 9mobile. Spectrum Wireless is also demanding a refund of its initial investment of $35m in Etisalat Nigeria. Atabo claimed that the $1.2bn loan secured by Etisalat was shrouded in secrecy as Spectrum Wireless was not aware of it. Justice Ibrahim Buba made the order based on an application by Spectrum Wireless Communication Limited. The transitional board rebranded the company as 9mobile and announced a bid for its sale to interested investors.

Source: Punch January 14, 2018 23:15 UTC