Three Nigerian banks reportedly set to take over Etisalat over N541.8 billion debt

Three Nigerian banks are reportedly set to take over the management of telecommunications company, Etisalat, over unpaid N541.8 billion debt. According to reports, Etisalat had obtained a loan facility totalling $1.72 billion (about N541.8 billion) in 2015 from a consortium of some foreign and Nigerian banks including Guaranty Trust Bank, Access Bank and Zenith Bank. The telecommunication