Nwokoh claims the NCP has already provided explanations to all the questions raised by the Senate Committee and will go ahead to liquidate the two companies.

Like many African governments, the Nigerian government claims it has failed to recapitalize the company and keep it operational.

Over the past decade, the Nigerian government has repeatedly failed to privatize Nitel, with various international telecom companies disqualified from the bidding process. Lawmakers have raised complaints that the bidding process itself was manipulated and that bribes were offered to BPE officials to manipulate the outcome.

Several African governments including Zambia and Ghana have faced problems in privatizing incumbent operators. Generally, corruption and lack of transparence among senior government officials have been at the root of the problems.