Ntel owners pull political strings to fix regulatory impasse

Ntel owners pull political strings to fix regulatory impasse

Ntel owners pull political strings to fix regulatory impasse

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Owners of Ntel, the company formerly called NITEL, are exploring political solutions to resolve lingering regulatory hurdles faced by the Nigerian pioneer national carrier, Technology Times can report.

The Nigerian Communications Commission (NCC) wants NATCOMS, the consortium led by businessman, Tunde Ayeni that bought the Nigerian Telecommunications Limited (NITEL) and its mobile business unit, MTel, the public telecoms company originally owned by the Federal Government and later renamed them Ntel, to pay funds running into several billions of naira waived by ex-President Goodluck Jonathan to pave way for the acquisition, according to people conversant with situation at the agency.

Technology Times has learnt that Ayeni and owners of the telecoms company are now exploring political solutions to convince the NCC leadership to waive the financials and resolve regulatory hurdles imposed by the Abuja-based telecoms industry regulator.

As part of moves to explore political solution, the NATCOMS promoters recently met with a governor of one of the Northern states (name withheld), who is believed to wield influence within the inner circle of the Buhari administration and equally considered to have the ears of the top leadership at NCC.

Also at the meeting was a Lagos-based pastor (name withheld) who is believed to be close to Ayeni, that was brought in because of his influence to assist in persuading the governor to help make a case for the promoters of Ntel, Technology Times also learnt.

Professor Umar Danbatta, Executive Vice Chairman/Chief Executive of Nigerian Communications Commission (NCC), seen in photo holding microphone wants NATCOMS, the consortium led by businessman, Tunde Ayeni that bought the Nigerian Telecommunications Limited (NITEL) to pay funds running into billions said to have been waived by ex-President Goodluck Jonathan administration to pave way for the purchase of NITEL, later renamed Ntel
Professor Umar Danbatta, Executive Vice Chairman/Chief Executive of Nigerian Communications Commission (NCC), seen in photo holding microphone wants NATCOMS, the consortium led by businessman, Tunde Ayeni that bought the Nigerian Telecommunications Limited (NITEL) to pay funds running into billions said to have been waived by ex-President Goodluck Jonathan administration to pave way for the purchase of NITEL, later renamed Ntel

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

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