BPE sacks Omen from NITEL

The Bureau of Public Enterprises (BPE) yesterday terminated the privatisation deal of NITEL with the reserved bidder, Omen Consortium, following the group’s inability to meet payment plans, in spite of

extensions given to it.

A statement yesterday by the BPE spokesman, Chukwuma Nwoko, also indicated that the agency had not decided on the next step.

The statement reads in parts : “Following the inability of Omen International Consortium, the reserve bidder in the NITEL/Mtel sale transaction, to revalidate its bid bond of $105 million, at the deadline of June 10, 2011, (BPE) has terminated the privatisation of the telecoms utility which began in 2009.”-Guardian