“We have been able to secure funds from our financiers and we have written to the Bureau of Public Enterprises,” Usman Gumi, the group’s representative in Nigeria, said in a statement. “We have submitted the proof of funds and its source to them.”
New Generation, which include China Unicom Hong Kong) Ltd., Minerva Group of Dubai and Nigeria’s GiCell Wireless Ltd., had until last Dec. 23, to pay the money to the Bureau of Public Enterprises, the agency that manages the sale of state assets. The government has yet to decide on whether it will push ahead with the sale following the delay.
“We are still awaiting directives from our bosses,” Chukwuma Nwakoh, a spokesman for the bureau, said by phone today. “We have made recommendations to them, so we are awaiting the outcome. Our recommendation is not for public consumption.”
