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Nairaland Forum / Nairaland / General / Business / FG Approves Sale Of NITEL/MTEL For $252m (10421 Views)
FG Finally Sells Nitel/mtel For $252m / Finally, NITEL Gets New Buyer. / Reversal Of Nitel/mtel's Sale To Transcorp: What Do U Think? (2) (3) (4)
FG Approves Sale Of NITEL/MTEL For $252m by bugs1: 10:19pm On Dec 18, 2014 |
The National Council on Privatisation (NCP) on Thursday approved the sale of the liquidated Nigeria Telecommunication Plc. and its subsidiary, Mtel, to NATCOM Consortium for $252million. The Chairman of NCP’s Technical Committee, Mr Atedo Peterside, told State House correspondents in Abuja that the approval was one of the decisions taken at a meeting of the council presided over by Vice-President Namadi Sambo. According to Vice-President Namadi Sambo, the ratification of the sale by the NCP marks the end of the entire bidding process and what is now left is to conclude the necessary documentation. He noted that the NITEL/Mtel transaction was different from what happened with sale of power plants because Nitel was not ongoing concern, but a liquidated one and no longer in business. “In view of this, the liquidator will through the court pay some verified claims of creditors of NITEL/Mtel, which, therefore, sidesteps the issue of third party creditors. “But it does not preclude the government from settling any obligations it feels like,“ he further explained. Read Full Story http://monitor9ja.com/2014/12/fg-approves-sale-nitelmtel-252m/ 3 Likes 1 Share |
Re: FG Approves Sale Of NITEL/MTEL For $252m by ojayfrancis(m): 10:25pm On Dec 18, 2014 |
Nawa |
Re: FG Approves Sale Of NITEL/MTEL For $252m by eunisam: 10:45pm On Dec 18, 2014 |
so happy i have my mtel line but no network service. Porting etisalat,mtn,airtel to mtel. |
Re: FG Approves Sale Of NITEL/MTEL For $252m by holatin(m): 11:13pm On Dec 18, 2014 |
why can they resurrect it ? |
Re: FG Approves Sale Of NITEL/MTEL For $252m by kestolove95(m): 11:15pm On Dec 18, 2014 |
gej knows his leavin next year so his selling evritin very soon he will sell aso-rock..dix man don tire mi nd my unborn children. 19 Likes |
Re: FG Approves Sale Of NITEL/MTEL For $252m by SuperModerator: 9:14am On Dec 19, 2014 |
Privatisation is the only thing PDP lead Government know how to do. later, they will say GEJ performed than all our previous leaders... I will always ask who built those infrastructures he is privatising if not the previous leaders ![]() he keeps selling what Nigeria spent years and money to build to his proxies here is one of my previous posts; SuperModerator: 27 Likes 2 Shares |
Re: FG Approves Sale Of NITEL/MTEL For $252m by chenbravo(m): 9:14am On Dec 19, 2014 |
Sfg,watz the essence....fraudsters!!! |
Re: FG Approves Sale Of NITEL/MTEL For $252m by slightlyMad(f): 9:15am On Dec 19, 2014 |
we need to kick cluelessness out before we sells everything 2 Likes |
Re: FG Approves Sale Of NITEL/MTEL For $252m by Nobody: 9:15am On Dec 19, 2014 |
They r just selling n selling. Soon the name Nigeria 'Would be for sale for the highest bidder. 3 Likes |
Re: FG Approves Sale Of NITEL/MTEL For $252m by Prodeegee(m): 9:16am On Dec 19, 2014 |
If u like sell mtn, I aint voting for Gej 8 Likes
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Re: FG Approves Sale Of NITEL/MTEL For $252m by dridowu: 9:16am On Dec 19, 2014 |
Selling selling selling selling selling yet no improvement 6 Likes |
Re: FG Approves Sale Of NITEL/MTEL For $252m by reknownedmarsk(m): 9:16am On Dec 19, 2014 |
jona y u selling dis tinz na....u wan get money rig election abi ![]() we d vigilant nigerians wont allow dah... lets all be happy...freedom at last...BUHARI/OSIBANJO all d way. jona nd his wife shud get their bicycle ready...otuoke to abuja no b small journey o... BUHARI/OSIBANJO 5 Likes 1 Share |
Re: FG Approves Sale Of NITEL/MTEL For $252m by Firefire(m): 9:16am On Dec 19, 2014 |
[s] kestolove95:[/s] Irrelevant, ![]() 2 Likes |
Re: FG Approves Sale Of NITEL/MTEL For $252m by Adminisher: 9:16am On Dec 19, 2014 |
YEAAHHH. THIS IS DAYLIGHT ROBBERY!!!!!!!!( 2 Likes |
Re: FG Approves Sale Of NITEL/MTEL For $252m by Firefire(m): 9:17am On Dec 19, 2014 |
Good move to reposition Nigeria... |
Re: FG Approves Sale Of NITEL/MTEL For $252m by princetigris(m): 9:17am On Dec 19, 2014 |
Which way nigeria?
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Re: FG Approves Sale Of NITEL/MTEL For $252m by Dabss(m): 9:17am On Dec 19, 2014 |
I am not sure nitel is even worth $100million. 2 Likes |
Re: FG Approves Sale Of NITEL/MTEL For $252m by kombats: 9:17am On Dec 19, 2014 |
Finally... But make d money no enter voicemail ooo |
Re: FG Approves Sale Of NITEL/MTEL For $252m by Nobody: 9:17am On Dec 19, 2014 |
Haba! At thiis rate, very soon they willl sell thiss country to china. 1 Like |
Re: FG Approves Sale Of NITEL/MTEL For $252m by DesChyko: 9:18am On Dec 19, 2014 |
The sale of this company is overdue. This is something they should have done long long ago. Not that it is too late though, but if it isn't bought by an Arab billionaire or a person with patience and viciousness for success, it will be a long time before this company can compete successfully with other established communication giants in the country. 6 Likes |
Re: FG Approves Sale Of NITEL/MTEL For $252m by omenka(m): 9:19am On Dec 19, 2014 |
They should steal and corner government assets into the pockets of their fronts and proxies under the guise of privatisation as time permits. 2015 is just around the corner, all the wrongs will be revisited and justice dispensed accordingly. Every single penny must be accounted for. |
Re: FG Approves Sale Of NITEL/MTEL For $252m by Strongbest(m): 9:19am On Dec 19, 2014 |
The opportunity I've been waiting for. Who's gonna partner with me? Let's buy NITEL. Lols. It's well with Naija. |
Re: FG Approves Sale Of NITEL/MTEL For $252m by donmalcolm21(m): 9:19am On Dec 19, 2014 |
I always derive joy when nigeria govt privatise all this elephant assets, it allows the govt to channel scarce resources into. Productive ventures and the money accrued from it will go a long way to cushion the effect of crude oil slide. "This man Gej dey do work wey I take my korkoro eye see" Gej till 2019 1 Like |
Re: FG Approves Sale Of NITEL/MTEL For $252m by ellguapo: 9:20am On Dec 19, 2014 |
Lol is anybody else seeing this ; The Chairman of NCP’s Technical Committee, Mr Atedo Peterside, told State House correspondents in Abuja that the approval was one of the decisions taken at a meeting of the council presided over by Vice-President Namadi Sambo. Chai wallahi I'm relifant ![]() 1 Like |
Re: FG Approves Sale Of NITEL/MTEL For $252m by EverestdeBliu(m): 9:20am On Dec 19, 2014 |
Where have they been all this while?...I never knew those duo still exist. |
Re: FG Approves Sale Of NITEL/MTEL For $252m by BUSHHUNTER: 9:20am On Dec 19, 2014 |
Join the Social Media Campaign to SPEAK UP and prove we are not COWARDS. Is it possible for us to come together once again as we did the last out and this time for a greater cause? You and I know that it is time to reach the Ekiti State govt and inform them that they are indebted to 2013 Batch C Ekiti State Corp Members. I would recommend we STRONGLY remind the state government of their balance due to us in case in their gross oversight, they have completely forgotten and labelled us as ZOMBIES (them no go fit do anything). Quick question mate: Are you a coward? Are you not interested in proving you have a voice that matters? Are you going to sit there and watch them rob you off your entitlement? As for me, I am not a zombie or a coward and I have laboured for that money and therefore i deserve my wages. If so I would suggest we start a trend on social media (Twitter) to be precise and go public with it. A few broadcasts on Whatsapp, Bbm, Facebook and other social channels inviting our colleagues to join up in the trend and we are go to go. FORWARD THIS I have also done a research and we have a list of handles (usernames) we must mention to make our voices heard and also we need to use a SINGLE hash tag which is: #FayoseMustHear These are the handles: Official Username of Governer Ayodele Fayose @GovAyoFayose Official Username of Ekiti State Government @ekitistategov Please pass this along and let begin NOW. Even if we ended up not getting paid, AT LEAST WE DARED TO SPEAK UP. I sign this document by going first and making my contribution. This is my tweet on twitter and many more will follow: Excuse my manners @GovAyoFayose & @ekitistategov. When are we going to be paid our wages? We deserve it and we have labored #FayoseMustHear You can search, view and join up the trend by clicking https://twitter.com/search?q=%23FayoseMustHear P.S: Please remember to include #FayoseMustHear in your message/tweet. P.P.S: You can also mention the official usernames of these high profile news agencies and inform them of our plight. @ChannelsTV_NG @vanguardngrnews @pmnewsnigeria P.P.P.S: Please pass this along even if you are not interested. Other people might be more courageous enough to speak up. We are not cowards, ARE YOU? |
Re: FG Approves Sale Of NITEL/MTEL For $252m by rozayx5(m): 9:22am On Dec 19, 2014 |
does NITEL still have value? maybe their real Estate ![]() |
Re: FG Approves Sale Of NITEL/MTEL For $252m by laurel03(m): 9:22am On Dec 19, 2014 |
kk we don hear all i know is voting 4 GMB in nxt election... #teamtiredofjona |
Re: FG Approves Sale Of NITEL/MTEL For $252m by Ajiswaggs(m): 9:22am On Dec 19, 2014 |
Oloshi |
Re: FG Approves Sale Of NITEL/MTEL For $252m by rozayx5(m): 9:23am On Dec 19, 2014 |
kestolove95: you have only one vote |
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