Wednesday, August 19, 2015

LATEST! President Buhari orders probe of $252m NITEL sale

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The sale of the national telecommunications carrier – Nigeria Telecommunications Company (NITEL) – last December by the Dr. Goodluck Jonathan administration for $252m is to be probed.

The company was bought by NATCOM consortium.

President Muhammadu Buhari yesterday ordered the.....
investigation during a briefing by Permanent Secretary Dr. Tunji Olaopa and other officials of the Ministry of Communications at the Presidential Villa in Abuja.

Olaopa told reporters after the meeting that although the President was not opposed to the sale of NITEL, he wanted to ensure that the country was not shortchanged.

According to Olaopa, that was why Buhari directed that detail of the transaction should be forwarded to his office in a memo.

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