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Disputed Airtel Shares: O and O Networks Limited, Ecobank Appeal Judgement

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O&O Networks Limited is appealing an unfavourable Court of Appeal Judgment that was delivered yesterday, and relating to shares that it previously owned in Airtel Networks Limited.

Disputed Airtel Shares: O and O Networks Limited, Ecobank Appeal Judgement

The case is actually O & O Networks Limited V. Broad Communications Ltd and nine others (Ecobank Nigeria Limited as 10th respondent)

This is contained in a press statement by the company, as published below:

“Our external Solicitors have filed Notices of Appeal against the judgments, alongside Motions to Stay Execution of the Judgments. Parties to the appeals, including Broad Communications Limited, have been served with the court papers.

In August 2018, O & O Networks sold its shares in Airtel Networks Limited for Naira 22.5 billion (approximately US$62.5 million) with the permission of the Federal High Court on June 7, 2018 and subsequently in September 2018, Broad Communications Ltd  filed an interlocutory application requesting the Federal High Court of Nigeria to grant an order directing O&O Networks to place Naira 22.5 billion (approximately US$62 million) – the entire proceeds of the sale of the Airtel shares and an amount which is significantly in excess of the plaintiff’s total monetary claim – into an escrow account in the name of the Chief Registrar of the Federal High Court, pending the final determination of the substantive claim.

The Federal High Court of Nigeria granted the interlocutory application on March 7, 2019. O & O Networks subsequently filed a Notice of Appeal and an application to stay of execution of the Ruling. The appeals against the Ruling were dismissed by the Court of Appeal today 24th November 2020.  A further appeal against the judgments, alongside Motions to Stay Execution of the Judgments have been filed to the Supreme Court today.

O&O Networks will prosecute the Supreme Court appeal vigorously as it believes the substantive claim of Broad Communications Ltd. is without merit whatsoever as O & O Networks sold the shares validly and with the authorization of a court of law.

O&O Networks is a special purpose vehicle previously owned by former Oceanic Bank International Limited (‘Oceanic’) and which, in 2011, formed part of Ecobank Transnational Incorporated’s (ETI) acquisition of Oceanic.”


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Glo Rolls Out ‘Take a Guess,’ Bringing Fun and Big Wins This Season

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In the true spirit of the festive season, Globacom has introduced “Glo Take a Guess,” a new value-added service designed to entertain, engage, and reward subscribers across Nigeria.

The interactive trivia game lets customers test their knowledge of everyday topics and lifestyle trends for a chance to win airtime, data, and exciting cash prizes.

According to Globacom, subscribers can join the fun by dialing 209992# and choosing from daily, weekly, or monthly plans. Once subscribed, they’ll receive an SMS confirmation with a link to play.

“Participants stand a chance to win fantastic rewards, including airtime, data, and cash prizes, when they answer trivia questions correctly,” the company explained. “It’s a fun and rewarding experience for everyone.”

Subscription costs ₦100 per day, ₦300 per week, or ₦500 per month — with corresponding rewards of ₦10,000 daily, ₦100,000 weekly, and up to ₦1 million monthly. The more subscribers play, the greater their chances of winning.

Globacom added that “Glo Take a Guess” is more than just a game — it’s a lighthearted way to stay entertained and earn rewards while easing the pressures of rising living costs.

 


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MTN mPulse Spelling Bee Crowns Seven Regional Champions in Enugu

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It was a display of brilliance and composure as young Nigerians, aged 9 to 15, showcased their spelling prowess in the Enugu regional final of the MTN mPulse Spelling Bee on Saturday, November 1, 2025, held at the International Conference Centre, Enugu. After an electrifying one-hour showdown among 20 contestants, seven young spellers earned the right to compete in the grand finale in Lagos.

These excited champions, Nelson Ede Chidubem, Praise Ihionu, Emeka Nwaokocha Samuel, Treasure Oyibosu, Michelle Atanu Ufedo, Munachimso Onyemaechi, and Oyingba Douglas-Naingba, have been presented with their tags for the grand finale and will advance to Lagos, where they will join other regional winners to contend for the national title.

As part of the event, gift vouchers were presented to children and parents through questions and answers, adding a festive touch to the competition.

In his remarks, Honourable Emeka Nelson Nwagbo, Senior Special Adviser on Youth Mobilisation, Enugu West, said, “This initiative has not only encouraged academic excellence but also inspired our young leaders to pursue knowledge with confidence and pride. To the organisers, teachers, parents, and participants, thank you for making this event a success. Your dedication and support have truly made today memorable.

Once again, we say a big thank you to MTN Nigeria. We are happy that the brand is working in line with the vision of the Governor concerning smart schools. We look forward to more collaborations that will continue to empower our kids and youths,” he concluded.

Honourable Paul Ogbewe Okechukwu, Senior Special Adviser to the Governor on Youth Mobilisation, Enugu East, also commended MTN for fostering literacy and healthy competition among teens, and for hosting the first physical regional finals in Enugu.

Addressing the participants, Temilolu Salako, Senior Manager, Segment Marketing, Youth, Women, & Teen, MTN Nigeria, said, “At MTN, we believe in the power of connectivity and technology to transform lives and build a brighter future for everyone. My team and I are here to inspire, support, and guide you on your journey to success. Together, we can achieve great things and make a lasting impact.”

With the seven winners from the Enugu regional final now advancing to the grand finale in Lagos, attention shifts to the next rounds of the MTN mPulse Spelling Bee regional finals, scheduled to hold in Abuja on November 8 and Ibadan on November 15, 2025.


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Glo Unveils “Play Up” Lottery for Nigerians to Win Millions in Prizes

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Telecommunications giant, Globacom, has launched an exciting new lottery service — Glo Play Up — designed to blend fun, anticipation, and the prospect of life-changing rewards for its subscribers.

Glo Play Up offers Nigerians a simple yet thrilling opportunity to turn small predictions into multi-million-naira wins. The game invites subscribers to pick a lucky number between 1 and 9 for a chance to strike gold.

To participate, Glo customers simply dial *400# or send their chosen number via SMS to 400. Each entry costs just ₦100, and players can either subscribe daily or play on demand — whenever inspiration strikes.

In a statement issued in Lagos, Globacom described the initiative as more than just a game of chance, but a celebration of hope and possibility.

“We understand the optimism and adventurous spirit of Nigerians,” the company explained. “People love to dream, play, and believe in the power of that one big win. Glo Play Up makes that dream more attainable — it’s easy to play, affordable, and truly rewarding.”

Every Friday at 4 p.m., a weekly draw will take place at Glo’s Head Office, where ten lucky subscribers will each receive ₦1 million. In addition, a grand prize winner will be announced monthly, walking away with an impressive ₦10 million. Winners will be hosted at their nearest Glo Regional Office, and all cash prizes will be credited directly into their MoneyMaster Wallet accounts.

With Glo Play Up, entertainment meets empowerment — reinforcing Globacom’s commitment to innovation, connection, and customer delight. The service not only promises excitement but also the possibility of transforming lives through rewarding experiences.

For more information, visit  https://www.gloworld.com/ng/glo-play-up-lottery

 


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