Acting Director-General, Bureau of Public Enterprises (BPE), Mr. Dikki Benjamin
By James Emejo
The Federal Government said Tuesday that it had commenced the process of finalising negotiations which are expected to culminate in the execution of transaction documents which would lead to the hand over of the power assets-including generation and distribution companies, to their preferred bidders.
Acting Director-General, Bureau of Public Enterprises (BPE), Mr. Dikki Benjamin, said during the pre-negotiation meeting with the preferred bidders of Power Holding Company of Nigeria (PHCN) successor gencos and discos in Abuja, that the negotiations had begun in earnest.
It followed the successful receipt of bank guarantees for 15 per cent of the transaction value from the preferred bidders.
Dikki said the privatisation agency’s bankers have affirmed and verified all the bank guarantees provided by the preferred bidders.
Dikki said the privatisation agency’s bankers have affirmed and verified all the bank guarantees provided by the preferred bidders.
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