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Independentng.com homepage - Home of Independent Newspapers Nigeria LimitedReps may seek arrest of BPE directors over Pentascope deal

Friday, October 8th, 2004 HOME | Previous Page

Reps may seek arrest of BPE directors over Pentascope deal

By Dan Alo

Correspondent, Lagos

 

House of Representative Committee on Communications probing the contract between the Nigerian Telecommunications Limited (NITEL) and Pentascope has warned that the unwillingness of the parties to release the original copy of the document may lead to the arrest of the directors of the Bureau of Public Enterprises (BPE).

Deputy Committee Chairman Leonard Ogor said in a telephone interview on Thursday that from all indications, all the principal figures in the agreement have refused to tender the original copy of the contract before the committee.

Said he: �When the minister was here, he mentioned a new schedule G in the contract which will allow experts from KPM Inc. to provide technical back up for Pentascope. We have requested for the original copy of this schedule G, till date, himself, the BPE director general who signed on behalf of the government and even the managing director of Pentascope could bring before us this all important document�.

In his view, this singular act leaves much to be desired, stressing that if they continue to shield information from committee, �we will be left with no choice other than to order the arrest of those directors at the BPE and all the people who signed the deal in contract which carries serious criminal implications like we have seen during the public hearing on the contract�.

Pentascope has shown that it lacks the expertise to turn around the fortunes of NITEL, he argued, and that the company, in four months, is indebted to local banks to the tune of N14.5 billion.

�The loan they sourced to pay salaries of staff, and from all indications, they are also looking for another N450 billion outside the country. The brokerage firm for the loans, which gets 25 per cent, is the company owned by the husband of the managing director of Pentascope.

�We have promised to bring to book all those involved in this fraudulent deal. Even if the federal government cancels the deal, that does not cancel the fact that there was an illegality in the deal which was intended to defraud the nation and there must be sanctions for this as prescribed by the law� Ogor insisted.

 

 

 

 


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