Lagos govt to take over of NITEL/MTEL property

The National Council on Privatisation (NCP) has approved the takeover of the NITEL/MTEL property located in Moloney Street, Tafawa Balewa Square, Onikan, Lagos, by the state government.

The Head of Public Communications, Bureau of Public Enterprises (BPE), Chidi Ibeh, confirmed the development in a statement on Friday in Abuja.

Ibeh said the property was one of those listed for sale by the Liquidator of NITEL/MTEL Non-Core assets at the cost of N2.5 billion.