There is yet no official comment from the Bureau of Public Entreprises, BPE, more than 24 hours after the close of the commercial transactions the sale of 15 successor companies unbundled from the Power Holding Company of Nigeria, PHCN.
Wednesday 5 pm. was the deadline given to the 14 preferred bidders approved by the National Council on Privatisation, NCP, to pay up the balance of 75 percent of their bid values, having paid an initial 25 percent by way of commitment to the bids in March 2013.
As at Wednesday, 12 companies met the deadline while the remaining two were caught up in international transfer challenges with their respective banks, similar to what happened to Glo Mobile Network, when it bided for the Global System for Mobile, GSM network service in Nigeria.
beginning. We can now embark fully on our strategy to contribute to the development of Nigeria's power sector, whilst creating long term economic and social value for our stakeholders and the greater community. We fully expect our engagement on this world-class project to improve the living standards of all Nigerians as well as impact positively on our country's GDP."
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