BPE May Drag NITEL Debtors To EFCC

If information reaching The Tide Business Desk is anything to go by, over the huge amount owed NITEL by corporate organizations, the Bureau for Public Enterprise may drag companies indebted to NITEL to the Economic and financial Crimes Commission (EFCC) and Independent Corrupt Practices and other related offence Commission (ICPC) for necessary persecution.

The Bureau said that it planned recovering the debts owed NITEL before handing the company to new core investors.

The debt, which runs to several millions of naira, is believed to have affected the performance of the ailing company which would be privatised before the end of 2009.

Companies which have indicated intrest in the proposd NITEL sales include, Etisalat Nigeria (EMTS); Omen International limited (BVI); summit Group; MTI Consortium; Finetek. Com/Ericsson consortium, MTNL Limited, India and Globacom limited.

Others include MTN Communications Limited; Anas network Services Limited, Telefonica Consortium; Metro PCS communications Inc; Brymedia (W.A.) limited and Galaxy Backbone Plc.