Nitel 'guided liquidation' too late

GOVERNMENT

-
Image: Titi Omo-Ettu, president of ATCON. By BiztechAfrica
Titi Omo-Ettu, president of ATCON

By Lukas Ajanaku, Lagos, Nigeria

The Federal Government of Nigeria's decision to toe the line of 'guided liquidation' of former state-run but now moribund telco, Nigeria Telecommunication Limited or Nitel and its mobile, arm, Mtel, has been described as wise decision that is coming a little too late.

Efforts by the Bureau of Public Enterprises (BPE), the body charged with taking the government's interest in Nitel to the hammer have repeatedly ended in failure, making it appear that Nitel has been jinxed.

Reacting to the latest move by the government, telecoms operators in the country acting under the aegis of the Association of Telecoms Companies of Nigeria (ATCON), say that if guided liquidation will ensure that Nitel would be rested while efforts would be made to recoup whatever could from the firm, it is a welcome development.

Engr. Titi Omo-Ettu, president of ATCON, explained that the only advice he has for the people charged with implementing the guided liquidation is that they should remember that the moribund telco still has the licence of first national operator.

He says: “If by ‘guided liquidation’ [the government means] a process of resting the corporate name called NITEL and doing our best to recoup whatever we can from the whole project called NITEL, I think there is really no other choice than to do just that, except that it is coming three years late. It may then mean that my position in 2009 synchs with what has now been announced as reported in newspapers.

“The only contribution I have now is to advise whoever is implementing the guided liquidation that the company they are liquidating is still in custody of our First National Operator’s License. And that fact should guide them in guiding the liquidation,” Omo-Ettu said in a statement in Lagos, Nigeria's commercial hub.

According to the ATCON chief, media questions directed at him after the government’s decision had all taken the same tack: “What do you think of this?”

He says: “Honestly, I do not know because it seems to me that ‘guided liquidation’ or any liquidation at all, is a technical matter and I am not versed in the subject so I do not want to let that vocabulary stow into my thought process.

“I have since 2009 switched off all thoughts about Nitel when I considered that the final end had come came for the company. I went into the exercise of valuating the license that Nitel was holding and came up with a figure which hovered around USD2.2 billion. I did not keep it to myself. I called a press conference and explained the explainable part of the valuation and how it would guide us in knowing what the country stood to gain, or lose, if such estimation was required to guide a decision.”

“Since then I switched off in spite of the fact that newspaper journalists would not allow me to take my mind off the subject. Understandably so.”



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE GOVERNMENT NEWS

Kenya unveils new ICT master plan

Kenya has launched the national Information, Communication Technology Master Plan 2017 to spur economic growth in the country. Read More

Botswana to enhance education through Thutonet

Launching the Thutonet Governance Structure, Secretary of Education Reforms, Taboka Nkhwa, said for Botswana to make any appreciable progress in its socio-economic development efforts, substantial resources should be directed at improving educational delivery. Read More

Kenya to digitally register all citizens afresh

Kenya plans to digitally register all citizens as part of national planning and the war against terrorism. Read More

Botswana passes electronic transaction, communications bill

The Botswana Parliament has passed the Electronic Communications and Transactions Bill, which gives legal recognition to electronic transactions. Read More

Angola stimulates ICT innovation in government

The Angolan Government is seeking to boost the use of ICTs in public service administration and service delivery through its ‘Innovate’ programme for the public sector. Read More

Kenyan Deputy President takes to Twitter

Kenya’s Deputy President William Ruto took to Twitter today, to interact with Kenyans on the platform for the first time. Read More

Nigeria, China sign power MoU

A consortium of companies in Nigeria and a Group of top-rate Chinese investors have signed a Memorandum of Understanding (MOU) on power plant projects, including the assembling and manufacturing of pre-paid power meters.  Read More

Cofek challenges Kyalo appointment

Cofek has challenged the appointment of the Information, Communication and Technology Authority Chief Executive, Mr Victor Kyalo. Read More

Therisanyo gets e-learning centre

John Moir and Kagiso Molatlegi Samsung Technologies has handed over an e-learning centre to Botswana's Therisanyo Primary School. Read More

Rwanda seeks device financing models

Didier Nkurikiyimfura Rwanda’s MYICT says it is engaging with stakeholders on financing models that enable Rwandan citizens to buy internet access devices. Read More

PRESS OFFICES

Sage ERP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN Business

FEATURED STORY

Kenyan bloggers get their act togetherKenyan bloggers get their act together

Bloggers seem to be gaining a formidable position in Kenya’s online media fraternity, reports Semaj Itosno.

IN DEPTH

E-waste threatens Ghana’s beachesE-waste threatens Ghana’s beaches

Many beaches in Ghana, already stressed by pollution and poor maintenance, are now facing a new threat: e-waste.

COMPANY NEWS

Further African expansion for Phoenix

Phoenix Distribution, a leading broad-based distributor on the African continent, has expanded its office in Nairobi, Kenya, in a move to better serve its partners in East ...