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 (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.

Editor’s Note: Please check back for more on this story

 
President Muhammadu Buhari of Nigeria
President Muhammadu Buhari of Nigeria

 

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