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Is Abdulsamad Rabiu Really Back On The Groove?



Abdulsamad Rabiu


Every business man suffers a down time.

Abdulsamad Rabiu, boss of BUA Group has also had his fair share.


The embarrassing tale of how his staffers practically held him hostage for indirectly laying them off when he sold his  BUA Flour Mill to Olam Foods under the guise of diversifying is still legendary.


However, the talk in business circles presently is that the man is set to buy the newly rebranded 9mobile formerly known as Etisalat.


Though there are speculations that Rabiu via his BUA Group have indicated interests in acquiring 9mobile, questions of his ability to raise the company from the deepest abyss of failure have been asked.


Business elites are aware that for 9mobile to stand a chance of survival it must first find investors who would be able to invest hugely to pay its 1.2 billion debt to a consortium of financial institutions led by Access Bank Plc.

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