Departments

POST TRANSACTION MANAGEMENT DEPARTMENT

The department is divided into five Units as follows:

  1. Performance and Compliance Evaluation
  2. Impact Assessment
  3. Post Transaction Documentation
  4. Labour Matters and
  5. Capital Market Interface.

Core Duties
The Post Transaction Management Department is responsible for the following activities:

  1. To monitor and enforce compliance of investors in fulfilling the legally binding covenants as stipulated in the Share Sales Purchase Agreement (SSPA).
  2. To implement full compliance with these covenants including the implementation of the approved Post Acquisition Plans (PAP).
  3. To assess how privatization has impacted on the privatized enterprises and the national economy generally and conduct post-transaction studies in collaboration with the Strategic Planning Unit.
  4. To collate, maintain and secure all relevant records as regards to the Bureau’s concluded transactions.
  5. To list some companies on the stock exchange and address all labour issues arising from privatization exercise in the bureau

Targets For Monitoring and Evaluation and Impact Assessment for 2018/2019
The main objective/target of the M&E Plan is to be able to Monitor and Evaluate a total of twenty (28) enterprises in year 2018, these drawn from the Aviation Sector, Telecommunication Sector and the Transport Sector with particular reference to sea transport (Ports). The Monitoring and Evaluation will also avail the Bureau with first-hand information of whether the privatization program of the Federal Government of Nigeria had actually had a positive impact on the economic development of the nation. The objective is to establish the level of jobs created and the income generated over the years by these enterprises since they were privatised and concessioned.

The targeted enterprises for 2018 were systematically selected after series of review by the PTMD, listed below are the targets:

AVIATION SECTOR
SNENTERPRISEMODE OF DIVESTMENT YEAR OF DIVESTMENTPROPOSE DATE TO MONITOR/EVALUATE
1SAHCOLWilling Buyer Willing Seller Strategy2009Oct/Nov, 2018
COMMUNICATION SECTOR
2NITELGuided Liquidation2017Oct./Nov.,2018
 TRANSPORTATION/SEA PORT SECTOR
3Tin Can Island Ports, 4 TerminalsConcession2005Oct./Nov., 2018
4Lilypond Inland Container Deport, 1 TerminalConcession2005Oct./Nov.,2018
5Kirikiri Lighter Terminal, 2 TerminalsConcession2005Oct./Nov.,2018
6Onne Port, 4 TerminalsConcession2005Oct./Nov.,2018
7Apapa Ports, 7 TerminalsConcession2005Oct./Nov.,2018
8Calabar Port, 3 TerminalsConcession2005Oct./Nov.,2018
9Port Harcourt Port, 2 TerminalsConcession2005Oct./Nov.,2018
10Warri Port, 4 TerminalsConcession2005Oct./Nov.,2018
11Koko Port, 1 TerminalConcession2005Oct./Nov.,2018
 Total                                                                                                  28

 The M&E team of the PTMD will conduct a Result Base Monitoring and Evaluation on twenty-eight (28) targets covering three sectors of the economy in year 2018.  The exercise will include Monitoring and Evaluation exercise with the aim to produce report of the impact Assessment of privatising the sectors.