Welcome to Gistmaster

By Niyi Tabiti News Editor/www.gistmaster.com The Chief Executive officer of Zain Telecom,Nabal Bin Salama has said there is no need for the public to be worried over the current ownership dispute that is facing its Nigeria operations.Salama made the statement in India last week. Salama said he is confident the dispute involving two major 'minority' shareholders in its Nigerian operations would be resolved soon. It should be recalled that Nigerian Billionaire and investor, Mr.Obafoluke Otudeko, whose company owned 14 per cent of Zain (through his company, Broad communications) and South Africa’s Econet wireless had publicly questioned the acquisition of the 65 per cent controlling shares of Zain by Bharti Airtel. The aggrieved parties thereby went to court to terminate the potential acquisition because it did not follow due process.Otudeko and co also said the company should have given them the benefit of refusal of the stakes before inviting Bharti Salam said the