The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have urged Baclays Africa to ensure transparency in 9mobile bidding process. In a joint letter by the executive vice chairman of NCC, Prof. Umar Danbatta and CBN governor, Godwin Emefiele, to GTBank, the facility agent for the 9mobile syndicated loan, they questioned the transparency of Barclays bank, its financial adviser in the sale process of 9mobile. The two regulators had received petitions from bidders and stakeholders questioning the transparency of Barclays bank. “They have repeatedly exhibited signs of opacity in the sale process for 9mobile. The CBN and the NCC will not fold their arms and allow this to materialize,” the letter reads in part.

Source: The Guardian November 21, 2017 03:56 UTC