MULTI NMILLION FRAUD ROCKS MULTILINKS
-TELKOM THREATENS TO PULL OUT
There are indications that another telecommunications provider in Nigeria may undergo a metamorphosis soon, as Telkom of South Africa prepares to pull out of Multilinks Nigeria based on alleged fraud that is currently rocking the company.
Impeccable source added that the alleged fraud has been going on in the telecoms outfit for almost a year now but become visible after the visit of external auditors from Telkom, South Africa. Those who should know divulged that the missing money from the auditor’s report amount to multi Nmillion which cannot be ignored by the Telkoms. Sources who preferred anonymity opined that the alleged fraud was detected from departments like Data and Informations and corporate communications.
An insider revealed that Telkom acting CEO, Jeffrey Hedberg was angry when the news of the alleged fraud got to him and he immediately suggested the pull out of its company from the dying Multilinks. It was gathered that the auditor report revealed that normalised headline earning per share from continuing operations decreased by 5.3 per cent for the six month ended September 2010 which revealed that the telecoms operator is in crisis. Those privies to reliable information disclosed that the noise of MultiLinks that it has over 2.5million subscribers, the CDMA operator with the highest coverage and that the owned the fastest broadband internet services are lies to indicate that all are well with the telecoms provider to partners like Telkom, South Africa.
Effort to speak with the Eggheads in Multilinks prove abortive but a top staffer who was interviewed at its head office in Motorways building in Ikeja did not deny the fact that Telkom is ready to pull out but she is not aware of the fraud.
Multi-Links Telecommunications Limited was incorporated in 1994 as a private limited liability company under the Laws of the Federal Republic of Nigeria. It was licensed by the Nigerian Communications Commission (NCC) to operate and provide telecommunications services deploying CDMA (Fixed Wireless) technology. It commenced operations on the 8th of December 1997 as the pioneer operator in the deregulated telecom industry in Nigeria