New court order jeopardises sale 9mobile

It seems like there's a developing story!

According to reports, a new court order has been issued, which may jeopardize the sale of 9mobile, a Nigerian telecommunications company. Here's a brief summary:

Background: 9mobile, formerly Etisalat Nigeria, was put up for sale in 2017 after the company defaulted on a loan. Several investors, including Teleology Holdings, emerged as the preferred bidder and were expected to complete the acquisition.

New court order: However, a new court order has been issued, which may block the sale. The order was obtained by a creditor, Global Credit and Collection Limited, which claims that 9mobile owes it a significant amount of money.

Impact: The new court order may delay or even cancel the sale of 9mobile, which could have significant implications for the company's future. The sale was expected to bring in new investment and help the company recover from its financial struggles.

Reactions: Teleology Holdings, the preferred bidder, has expressed disappointment and frustration with the new court order. The company has called for the order to be set aside, arguing that it was not notified of the proceedings and that the order is unfair.

Next steps: The situation is still developing, and it's unclear what will happen next. The court will likely need to review the new order and determine its validity. In the meantime, 9mobile's future remains uncertain.

I'll keep an eye on this story and provide updates as more information becomes available!