“The President (President Muhammadu Buhari) himself said that NITEL assets have actually been thrown away, and that is to show you he is on top of it…”
Those words from a key insider in President Buhari’s office have again raised questions about the multi-billion sale of the Nigeria Telecommunications Limited (NITEL), the pioneer national operator of Nigeria sold to NATCOM, a Nigerian consortium promoted by businessman, Tunde Ayeni.
NATCOM paid $252.25 million winning stake for NITEL, the Bureau of Public Enterprises, the nation’s privatization midwife said when the winning consortium, a mix of Nigerian and foreign investors led by Tunde Ayeni, the Chairman of Skye Bank, paid the balance in April, this year.
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tags:
business foreign investors NATCOMS NITEL Pioneer National Operator President Muhammadu Buhari Skye Bank Telecommunication Telecommunications
