Insider: President Buhari believes NITEL’s assets were ‘thrown away’
“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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