Business
THE Bureau of Public Enterprises, BPE, is not responsible for the sale of federal government’s landed property in the country, the Director General of the nation’s privatisation agency; Alex A. Okoh. has clarified.
Appearing before the House of Representatives Committee on Public Accounts, chaired by Oluwole Oke, on Tuesday, August 11, 2020, Okoh said in line with the core mandate of the Bureau, it was only responsible for reforms, privatisation, commercialization/concessioning.
He said so far, 149 enterprises had been reformed, privatised or commercialised/concessioned by the agency and the proceeds of such reform projects were deposited in the Consolidated Revenue Fund, CRF, of the federal government.
A statement by Amina Tukur Othman, Head, Public Communications of the BPE, said that the Director General’s appearance before the Committee was sequel to the summons for the DG to appear and respond to a petition by the Transparent Extractive Sector Operators Initiative concerning the activities of the Implementation Committee of the White paper on the Commission on Inquiry into the Alienation and sale of Federal Government Landed Property which is not the purview of the BPE.
It added that the director general informed the committee that the method of sale of the federal government assets undertaken by the Bureau included core investor sale, share floatation, liquidation, public offers, asset sale, Debt/Equity Swap and Guided Liquidation amongst others.
According to the statement, when the committee realized that the Bureau was invited in error, it unanimously resolved that the Bureau should submit to the Committee, a list of the proceeds of its privatization/enterprise reform activities, its audited account from 2014-2018. The Director General said that the schedule of proceeds of privatisation would be tendered latest, Thursday, August 13, 2020.
Aug. 13, 2020 | 10:10
Tags: BPE denies involvement in sale of landed property of FG
