The Bureau of Public Enterprises (BPE) is strict with privatised enterprises on corporate governance issues, Director General of the Bureau, Mr. Alex A. Okoh has said.
Receiving the Executive Secretary of the Financial Reporting Council (FRC) of Nigeria, Mr. Daniel Asapokhai, who led other management staff of the Council on a courtesy visit to the Bureau on Tuesday, November 5, 2019, Okoh further said that it was because of the Bureau’s strict stance on corporate governance issues that a code of conduct has been put in place for the government appointed directors on the privatised enterprises.
He said the Bureau in its commitment to transparency, accountability and corporate governance ensures that privatised enterprises during the lock-in period provide timely audited accounts of the enterprises.
Earlier, the Executive Secretary of the Financial Reporting Council of Nigeria, Mr. Daniel Asapokhai, had said the purpose of the visit was to present a Memorandum of Understanding (MoU) between the Council and the Bureau on how best the two organisations could work together.
He decried the practice where directorship on the Boards of public entities in the country was based on serving the interests of individuals and zones; and said that the Council was working to address the issue.
Amina Tukur Othman
Head, Public Communications
November 12, 2019.