In November 2018, Olatorera Consultancy Limited published a list of the owners of Teleology. The List was published after the public announcement that Teleology had purchased and taken over troubled 9mobile Etisalat Nigeria. Read Here: Who Are The Investors Behind Teleology? Less than a month after we published the purported owners of Teleology, a hidden owner was discovered. Isa Funtua is a very silent ans strategic investor in 9mobile and other companies in Nigeria. Once it was publicly revealed that Isa Funtua is the real owner of Teleology, buyers of 9mobile, Teleology pulled out of the 9mobile deal.
Top 3 Reasons Teleology Owners Are Backing Out Of 9mobile
- The real investors behind the deal were meant to be completely secret with Isa Funtua very silent. Ado Bayero, Adrian Wood and Asega Alega are part shareholders and not the main investors in 9mobile.
- The deal is not financially worth it with increasing intense public scrutiny.
- President Muhamadu Buhari and Governor of Central Bank Godwin Emefiele prefer Teleology pulls out to prevent further scandals that will negatively affect the upcoming presidential elections.
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