Nitel accounts holding up sale

9 Dec 2008

The ongoing saga of the privatisation of Nigeria’s fixed line incumbent Nitel appears set to rumble on after the Bureau for Public Enterprise revealed that the absence of audited accounts for the company is preventing any progress towards a sale, reports AllAfrica.com. The telco failed to meet a November 2008 deadline to audit its accounts.

Nigeria, ntel (formerly NITEL/M-Tel)