RE: EXPOSED: Bureau Of Public Enterprises Diverts N14billion PHCN Sales Proceeds Into Private Banks. Ordinarily, the Bureau of Public Enterprises (BPE) does not join issues with its stakeholders in any privatization process, but we are constrained to put the records straight given the deliberate and constant disinformation on the proceeds from the privatisation of the […]
Read MoreBPE Draws Up Schedule For Implementing PPP Projects The Bureau of Public Enterprises (BPE) has outlined steps with timelines in the next 12 months to two years; to showcase its collective achievements through the implementation of the new Federal Government’s circular on the administration of Public-Private Partnership (PPP) projects in the country, Director General of […]
Read MoreFG Gives BPE Powers To Handle Concessions With the new Federal Government’s circular on the administration of Public-Private Partnership (PPP) projects in the country, the Bureau of Public Enterprises (BPE) shall be responsible for the concession of public enterprises and infrastructure already listed in the First and Second Schedules of the Public Enterprises Act, Vice […]
Read MoreThe lingering tussle over who owns the Aba ring-fenced area between Geometric Power and Interstate Electric( Owners of the Enugu Electricity Distribution Company (EEDC) has finally been laid to rest with the signing of the Asset Sale Agreement (ASA) between the two companies. At the signing ceremony on Wednesday, November 26, 2020 in Abuja, Director […]
Read MoreADVERTORIAL RE: CAVEAT EMPTOR The attention of the Bureau of Public Enterprises (BPE), Secretariat of the National Council on Privatisation (NCP) has been drawn to a publication on page 48 of the Vanguard Newspaper of Monday, November 9, 2020 titled: Caveat Emptor by the Asset Management Corporation of Nigeria (AMCON) under its Act 2010 (as […]
Read MoreFG, Transcorp Sign Deal For 966 Megawatts Afam Power Plant The Nigerian government and the Transcorp Power Consortium have signed a Share Sale and Purchase Agreement (SSPA) for Afam Power Plc and Afam III Fast Power Ltd, which is expected to add 966 megawatts to the national grid. The deal was signed on Thursday,November 5, […]
Read MoreRE: AuGF REPORT REVEALS HOW BPE OFFICIALS DIVERTED N2.5BN PHCN PROCEED TO BUY PROPERTIES IN ASO SAVINGS Our attention has been drawn to media reports with the above headline which appeared in several newspapers on Wednesday, November 4, 2020, insinuating that officials of the Bureau of Public Enterprises (BPE) allegedly diverted N2.5bn Power Holding Company […]
Read MoreDirector General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has assured workers of the Nigerian Postal Service (NIPOST) that the on-going reform of the postal service will not attract job losses or retrenchment but will rather create more jobs in the subsidiaries that would emerge after the reform. Receiving the leadership […]
Read MoreThe Bureau of Public Enterprises (BPE) is not responsible for the sale of Federal Government’s landed property in the country, Director General of the nation’s privatisation agency; Mr. Alex A. Okoh has clarified. Appearing before the House of Representatives Committee on Public Accounts, chaired by Mr. Oluwole Oke on Tuesday, August 11, 2020, the […]
Read MoreFollowing the half-truths being peddled on the settlement of severance benefits to the ex workers of the defunct Power Holding Company of Nigeria (PHCN, we wish to state that the Federal Government has so far spent N409, 915,331,675.45 on the payment of severance benefits to ex-workers and death benefits of the defunct utility company. The […]
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