The report, which was published by Businessday on Wednesday, purported that NUPRC had given regulatory approval for the major transaction, but the Commission has now labelled the publication as “baseless.”
In a press statement signed by the Head of Public Affairs and Corporate Communication at NUPRC, Olaide Shonola, the regulator distanced itself from the report, stressing that the information did not originate from the Commission. “It must be firmly stated that the information contained in the publication did not emanate from the Commission,” the statement read.
