Why Buhari ordered for a comprehensive report

Chika Ebuzor 06:08 - 19 August 2015

President Muhammadu Buhari

You will recall that the National Council on Privatisation (NCP), at its meeting of Feb. 27, 2012, approved the privatisation of NITEL and Mtel.

President Muhammadu Buhari recently demanded for a comprehensive report on the sale of Nigerian Telecommunications Limited (NITEL), and Nigerian Mobile Telecommunication (Mtel).

Explaining to newsmen why the President asked for a report, the Permanent Secretary of the Ministry of Communications Technology, Dr. Tunji Olaopa said “The President was concerned about the liquidation of NITEL.”

He also added that “He (President Buhari) is not opposed to its privatisation but he wants to know and wants us to bring a memo on how the whole transaction was undertaken so that he would know whether Nigeria was short-changed.”

You will recall that the National Council on Privatisation (NCP), at its meeting of Feb. 27, 2012, approved the privatisation of NITEL and Mtel through "guided liquidation.”