Repayment condition stalls bond for NITEL workers — Investigation

Nitel Headquarters, Wuse Zone

The Debt Management Office may not raise the N54bn which the Federal Government asked it to raise for the settlement of the salaries and other liabilities of the Nigerian Telecommunications Limited.

Investigation by our correspondent showed that NITEL and its mobile subsidiary lack the capacity to fulfill the conditions which the management of DMO has asked for before it can raise the money through issuance of FGN bonds.
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