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Great Nigeria Collection

State Capture

Who Really Owns Nigeria?: Mass Reader Edition

By Samuel Chimezie Okechukwu

NITEL employed 20,000 Nigerians. It was sold for $252 million — after a $1.3 billion bid was excluded on "technical grounds." The buyer's consortium included the son of a former minister. Mr. Adeyemi worked at NITEL for thirty-two years. His monthly pension is ₦15,000. The Mass Reader Edition of State Capture asks the question Nigeria's economic history demands: is this a country, or is it a holding company for ten families? It traces the Power Hider, the Memory Eraser, and the Hunger Engine across four decades of privatisation, subsidy programmes, land allocations, and regulatory capture — using the receipts that are in the public record but never assembled in one place.

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