Money - In Brief

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- The federal government adopted the process of guided liquidation for the moribund Nigerian Telecommunications Limited (NITEL) transaction because the company's liabilities far outweigh its current value, the Director General of the Bureau of Public Enterprises (BPE), Mr. Benjamin Ezra Dikki has said. The Director General noted that the sale process was the best option for NITEL/MTEL as any other mode of sale would have incurred huge liabilities for the government.