Business
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.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
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