BPE prepares to handover unbundled PHCN firms to owners

3

From ISAAC ANUMIHE, Abuja

Bureau of Public Enterprises (BPE) has constituted transitional committees of the 15 companies, whose preferred bidders paid 25 per cent of the bid value, with a view to finally handing over to them. Speaking at the inauguration of the committees in Abuja, yesterday, Chairman, Technical Committee of National Council on Privatisation (NCP), Mr. Atedo Peterside, noted that the 15 companies met the deadline after paying the 25 per cent of the bid price.

Earlier, Acting Director- General of the Bureau of Public Enterprises (BPE), Mr. Benjamin Ezra Dikki, explained that each successor company has a three-member committee. The members are each from the BPE, the management of the successor company and the preferred bidder. The BPE nominee is the chairman of each committee. According to Dikki, both BPE and the new owners have a mutual interest in ensuring the companies operate in a way as to maintain the value of the company during the transition period.

He added that the transition period could be within a month or a maximum of six months depending on full payment. According to him, transitional arrangements will allow a platform to ensure that both the companies and purchasers are ready for the handover process. He emphasised that the managements and boards of the successor companies will continue to exercise their functions during the transition period without interference from the transitional committees.

The terms of reference for the transition committees, he said, include, facilitating the smooth transition and eventual handover of the management and operational control of the successor companies to the purchasers; allow purchasers access to the companies in order to prepare for the implementation of their business plans laid out in the proposals submitted to the Bureau of Public Enterprises; provide a forum for purchasers to engage with existing management and employees to ensure a smooth transition and handover; and allow BPE and the purchasers to monitor the on-going operations of the company to ensure they are operating in an efficient manner and in compliance with the terms of the Share Sale Agreements. Recall that Share Sale Agreements were executed between the preferred bidders and BPE on February 21, 2013.

23 yrs boy started importation with N10,450. Read his story here!

Six weeks ago, I couldn't perform in bed. Here's my breakthrough

How to start a profitable importation biz with as low as N10,000 only

How Adetunji generated over N20 million online in 2014. Almost N2m in 2015

How to earn 40k-200k monthly from football matches almost on autopilot

3 Things I did to cure premature ejaculation after my wife left me

How to get flat belly in just 9 days. Click here!

Small manhood and premature ejaculation limited my performance for 4yrs!

Discover How I made N2m in 35 days from importation business

7 Simple yet amazing steps to earn over N200,000/monthly. Click here

Free Download! How to earn N200,000 monthly from importation business

Discover how I made N58000 in two weeks reselling bulksms to Nigerian companies

Click here now if you are interested in earning at least N7,500/daily

Share.

About Author

3 Comments

  1. Enof of your stories, pls hand over d companies 2 d private owners 4 consistence power suply n 4 d change of d old 2 new prepaid metres, n 4 lite 2 get 2 rural communities.

Leave A Reply