In 2003, Pentascope of Netherlands was appointed as management contractor, charged with revamping the company for the privatization process. But complaints were raised that the bidding process itself was manipulated and that bribes were offered to BPE officials to manipulate the outcome.
Nigerian President Goodluck Jonathan was then forced to set up a panel to probe the sale of Nitel and Mtel following the complaints. The findings of the panel were never made public, but Jonathan later suspended the head of BPE over the accusations.
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