NCC warns against speculative reports on 9mobile sale

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By Prince Osuagwu
The Nigerian Communications Commission, NCC, Thursday warned the public against relying on speculative reports on the process of 9mobile sale.

Umaru Garba Danbatta, New NCC boss

The commission said that several reports that did not tally with the process have been making the rounds in the past few weeks, but however, advised that until official statements which will involve the two regulators, the NCC and the Central Bank of Nigeria, CBN is out, every other information on the sale of 9mobile should be taken with a pinch of salt.

Executive Commissioner, stakeholders management of the commission, Mr Sunday Dare, yesterday, said that although the interim board of 9mobile is in charge of the bid process, it would submit reports to Barclays Africa, the financial adviser handling the sale of the telecoms company, NCC and CBN before any authentic announcement is made.