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

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

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

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“The President () himself said that 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 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  led by Tunde Ayeni, the Chairman of Skye Bank, paid the balance in April, this year. 

President Muhammadu Buhari of Nigeria
President Muhammadu Buhari of Nigeria

 

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