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  The Bureau of Public Enterprises (BPE) has formally handed over the Aba ring-fenced area of the Enugu Electricity Distribution Company (EEDC) to Geometric Power with the Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh declaring that the asset is being handed over to a tenacious investor that has made …

Geometric Power Takes Over Aba Ring-Fenced Area …Okoh Charges New Owner To Transform Franchise Area Read More »

The National Council on Privatisation (NCP) has granted approval to Orbit Exploration and Natural Products Limited (OENPL) to take over the mineral titles of Ogboyega North and South Coal Blocks, Mines number 769 & 772 ML from Western Metal Products Company (WEMPCO). The company is set to generate electricity with Coal from Mines. This was …

OENPL Takes Over Ogboyega Coal Mines…To Generate Electricity With Coal From Mines Read More »

NCP Approves Standing Committees’ Membership The National Council on Privatisation (NCP) has approved the constitution   and membership of its four Standing Committees with immediate effect. These are, Technical Committee (TC), Stakeholder Engagement Committee (SEC), Finance Committee (FC) and Legal Committee (LC). The approval was part of the decisions taken by the newly inaugurated   Council at …

NCP Approves Standing Committees’ Membership Read More »

 The National Council on Privatisation (NCP) chaired by the Vice President Prof. Yemi Osinbajo (SAN) has approved the delisting of three privatised enterprises from routine monitoring activities of the Bureau of Public Enterprises (BPE). This is after they had fulfilled their covenants as identified in the Key Performance Indicators (KPIs) contained in the Share Sale …

3 Privatised Firms Free From BPE’s Monitoring Activities Read More »

Senate Committee on Public Accounts, chaired by Senator Mathew Urhohide has described as spurious allegations of financial impropriety against the Bureau of Public Enterprises (BPE) by the office of the Auditor General of the Federation (OAuGF). The Committee which cleared the Bureau of the allegations when the Director General of the Privatisation Agency, Mr. Alex …

Financial Impropriety Allegations Against BPE Spurious, Says Senate Public Accounts Committee Read More »