BPE’s Director General, Mr. Benjamin Dikki
Chika Amanze-Nwachuku
The Bureau of Public Enterprises (BPE) has warned that investors, who fail to pay the balance of the 75 per cent of offer value of their bids for the successor companies carved out of the Power Holding Company of Nigeria (PHCN) within six months from the date the mandatory 25 per cent bid payment was made, would be penalised.
The Bureau of Public Enterprises (BPE) has warned that investors, who fail to pay the balance of the 75 per cent of offer value of their bids for the successor companies carved out of the Power Holding Company of Nigeria (PHCN) within six months from the date the mandatory 25 per cent bid payment was made, would be penalised.
BPE’s Director General, Mr. Benjamin Dikki, gave the warning while speaking on Nigerian Television Authority (NTA) Channel 10 programme in Lagos, at the weekend.
Dikki, according to a statement yesterday by the Bureau’s spokesman, Mr. Chigbo Anichebe, said the investors were expected to fully take over the power assets after paying the balance of 75 per cent bid price since they had made the mandatory 25 per cent payment assured them that power supply would improve when the private investors take over.
He expressed the confidence that all the investors were serious businessmen, who have the required financial means to pay the bid price.
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