Nigerian Oil Magnate Theophilus Danjuma Acquires Stake In Telecom Company


Nigerian oil magnate and former defense minister, Theophilus Danjuma, has acquired a substantial stake in NatCom Development & Investment Limited, owners of ntel, a telecoms company spun out of the privatized Nigerian Telecommunications Limited (NITEL).

This was revealed in a press released issued by the company on Wednesday in which it also announced that Danjuma, 78, has been appointed the company’s chairman.

The financial details of Danjuma’s investment in the company were not disclosed.



In May 2015, privately owned NatCom Development & Investment acquired the core telecom assets formerly owned by the national fixed and mobile operators- NiTel/MTel in a liquidation process supervised and approved by Nigeria’s Bureau of Public Enterprises. Some of the core assets transferred to Natcom include licenses and spectrum, towers and transmission equipment, its international gateway and fixed wire networks.

Danjuma, one of Nigeria’s wealthiest men, is the founder of oil exploration company South Atlantic Petroleum, which owns upstream assets in Nigeria, Republic of Benin, the Central African Republic and Madagascar. He also has investments in fertilizer production, shipping, real estate and television production.

Comments

Post a Comment

Popular posts from this blog

El-Rufai’s Son Killed In Auto Crash

Image
Former Minister of the Federal Capital Territory, FCT, Mallam Nasir El-Rufai, has lost one of his sons in a car crash. Hamza El-Rufai died Tuesday morning in Abuja. The former Minister and Chieftain of the All Progressive Congress, APC, broke the news on his faceboook page today. El-Rufai wrote: “From Allah, we came and to Him we shall return. Please join our family in praying for the repose of the soul of my son, Hamza El-Rufai who died in a motor accident in Abuja.” See more photo below:
Read more

Kim Kardashian blasts Kendall Jenner – “I bought her a F***ING career!”

Image
There will be no shortage of family drama in season 10 of Keeping Up With The Kardashians. The first look trailer released Monday for the upcoming season of the highly-popular E! series features plenty of fights, sex, romance and even infringement claims for reality television's favourite family. In one of the more tense moments in the clip, Kim Kardashian appears to lash out at younger sister Kendall Jenner, who has a fast growing modelling career.
Read more

Billy Bob Thornton Denies Sleeping With Amber Heard

Image
The domestic violence case between Amber Heard and Johnny Depp is getting messier by the minute, and now they're dragging other people in the midst of their conflict. Depp apparently accused his wife of cheating on him with Billy Bob Thornton back in 2015, but the actor has completely denied all allegations. 'Our Brand Is Crisis' star Billy Bob Thornton has branded the suggestion that he slept with Amber Heard during the production of their latest movie 'London Fields' as 'completely false' according to reports from TMZ . The story is that he 'never socialized with Amber off set, other than a cast dinner', and adds that he had no on-set contact with her either, other than in a professional capacity. Of course, in the movie, their character's are close; it follows the story of a manipulative young woman named Nicola Six (Heard) who strings along three men including a writer named Samson Young (Thornton) in a bid to bring about her own murder. Jo
Read more