Speaking during a courtesy visit to the Office of the Acting Chairman of the EFCC, Ibrahim Magu, at the EFCC Headquarters on Tuesday, Akpotaire further expressed the need to re-establish and deepen the existing relationship between the BPE and the Commission
Browsing: BPE
He said: “We need to ensure that they implement what is in the transaction documents and to see if there are problems so that we can proffer solutions
The statement said it was alleged that the Office of the Accountant General of the Federation received payment of N500 million as consultancy for taking part in the privatisation of the Power Holding Company of Nigeria
He said the volume of the bank’s non-performing loans was relatively high in the past, but the bank had embarked on initiatives to manage it downward, including loan recovery
“However, we wish to further clarify that NPA is listed in the BPE Act of 1999 as amended and therefore NCP/BPE has the full powers to handle and conclude the transaction,” it stated
ATEN, while debunking media report by the BPE, said in a press statement signed by its Secretary General, Comrade Makinde Olusegun Michael, on Sunday that only mad pensionable staff would accept a five-year buyout plan when they are entitled to pension for life
According to the statement, the payment made by NATCOM Consortium, the preferred bidder of NITEL/MTEL, is 30 per cent of the bid price and was in line with the guided liquidation process of the transaction
According to the statement, the Federal Government decided to extend the date of payment for the balance of 75 per cent of purchase prices of both companies by an additional 60 days, from August 6 to October 6, 2014
The counsel to the aggrieved workers, Ahmed Tarfa, told the court that the workers were employed as casual staff and corporate guards by PHCN prior to the privatisation by the BPE
Omojola said that the total staff strength of the former PHCN workers was 47,913, adding that out of this, 46,308 had so far been validated
The statement said Manish Mundra, the Managing Director of the company, announced this while addressing members of the Senate Committee on Privatisation, led by its Chairman, Senator Olugbenga Obadara, which visited the company
Northwest Power Limited was declared the preferred bidder with the highest Aggregate Technical, Commercial and Collection loss reduction figure of 29.26 per cent
The company emerged as the preferred bidder on Tuesday in Abuja at the opening of the commercial bids for the privatisation of the successor distributor companies of the Power Holding Company of Nigeria