In a shocking twist to the long delayed power sector reform and privatisation saga, four states – Delta, Edo, Ekiti and Ondo – came out last week to condemn the process conducted by the Bureau of Public Enterprises (BPE) for the sale of the distribution companies (Discos) carved out from the unbundling of the Power Holding Company of Nigeria.
Speaking on behalf of the four states last Thursday, the governor of Edo, Mr. Adams Oshiomhole and his counterpart in Ekiti, Mr. Kayode Fayemi, stated that the process for the sale of Benin Distribution Company Limited was flawed, fraudulent, lacking in transparency and had been manipulated in favour of one bidder, the Vigeo Power Consortium, to trounce a competitor, Southern Electricity Distribution Company Limited, promoted by the four states. Not stopping at discrediting the power programme, the governors warned Vigeo to steer clear of their states on the grounds that it lacked the technical competence to run the Benin Disco, promising to take their assessment of the transaction to President Goodluck Jonathan.
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