House of Reps to probe sale of national carriers to NATCOM by BPE

folarin okunola

December 4, 2015 9:21 AM

The house committees on telecommunications and privatization have been tasked with the task of conducting a comprehensive investigation into the liquidation and subsequent of the two companies by the NATCOM consortium.

House of Reps Speaker, Yakubu Dogara

Various media reports have revealed that the House of Representatives, yesterday, moved to conduct an investigation into the sale of Nigerian Telecommunications (NITEL), and Mobile Telecommunication (MTEL) by the Bureau of Public Enterprise (BPE).

READ: Ntel to launch on 0804 numbers

The committees are both expected to report back to the house in eight weeks for further legislative action.

The decision to prove the sale of the companies was brought about by a motion filed by the Hon. Henry Nwawuba titled: “Call for Investigation of the Sales of Nigerian Telecommunications, NITEL, and Mobile Telecommunications, MTEL, by NATCOM”.

NITEL and MTEL was sold to the NATCOM Consortium for $242.3 million by the BPE back in December 2014.

folarin okunola

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!