STUDY IN CHINA

Saturday, April 18, 2015

FG Finally Hands Over NITEL/MTEL To NATCOM

nitel
The federal government, yesterday, finally handed over NITEL/MTEL facilities to the National Telecommunications Commission (NATCOM) Consortium after the company completed the payment of $252.2 million cost of acquisition of the facilities.

The deputy chairman, National Council on Privatisation (NCP) Technical Committee, Haruna Sambo, who gave the hint after the NCP meeting at the Presidential Villa stated that with the transaction coming to an end, council asked the Bureau of Public Procurement (BPP) to hand over the two companies to the bid winner, NATCOM consortium.


He said, “You recall that at the last NCP meeting, approval was made for the financial bid for NITEL/MTEL by the bidder, NATCOM Consortium at the cost of $252.251million. Today, at the council meeting, the council approved the hand over to NATCOM consortium having paid the cost of acquisition.

“By this approval, the process has come to a closure and the council has mandated the Bureau of Public Enterprises (BPE) to hand over the two companies to the preferred winner of course after all other outstanding issues are taken care of.”

Also speaking, the permanent secretary of the Ministry of Power, Godknows Igali, told State House correspondents that government had settled about 98 per cent of ex-PHCN workers including their pensions and gratuities.

He said the federal government also directed that any other remaining cases should be referred to the BPE for settlements.

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