By Clara Nwachukwu & Emma UjahABUJA—The Federal Government said Monday, that there was no going back on the Wednesday deadline given to the 14 bidders for the 15 successor companies of the Power Holding Company of Nigeria, PHCN, which were put up for sale by the Bureau of Public Enterprises, BPE.About 10 of the bidders at a round table with the government last week, had requested for a month extension to enable them conclude the financial transactions with their respective banks.The 14 companies cumulatively paid $559.44 million for the 15 successor companies on March 21, being the mandatory 25 per cent bond requested by government to confirm their statuses as the preferred bidders.
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