News

February 24, 2023 News Press Release

NITEL /MTEL PROPERTY IN LAGOS SOLD TO LAGOS STATE GOVERNMENT

The National Council on Privatisation, (NCP) has approved the sale of a NITEL/MTEL Property located at   number 3-5, Moloney street, Tafawa Balewa Square, Onikan, Lagos The property was one of those listed for sale by the Liquidator of NITEL/MTEL Non-Core assets at the cost of N2.5 billion Naira only. Meanwhile, the property is presently encumbered by the activities of illegal occupants and the Lagos State Government (LASG)has promised a harmless takeover of the property. The […]

Read More
February 23, 2023 News Press Release

9 Firms To Verify NIPOST Properties Nationwide

Nine firms have been approved by the National Council on Privatisation (NCP) under the Chairmanship of the Vice President, Professor Yemi Osinbajo (SAN) to immediately  carry out a nationwide verification of NIPOST Properties & Development Company Limited. The firms which are divided into the six-geo-political zones of the country are, Oghogho Ayanru, Raji Adewale Associates, Alaba Odunlanmi, Law Field Barristers and solicitors and B.A. Wali & Associates. Others are, Aliyu Abubakar & Co, Bola Fabola, […]

Read More
February 22, 2023 News Press Release

NCP Approves MESL As Preferred Bidder For Zungeru Hydroelectric Power Plant

  Also Approves Merger of Egbin Power Plant With KEPCO The National Council on Privatisation (NCP) has approved Mainstream Energy Solutions Limited (MESL) as the preferred bidder for the concession of the Zungeru Hydroelectric Power plant (ZHPP) for a fee of $USD70,000,000.25 per year for a period of 30 years. The Council, chaired by the Vice President, Prof. Yemi Osibanjo (SAN), which gave the approval at its 2nd meeting for the year 2023, held on […]

Read More
December 20, 2022 News Press Release

2022 Pink Awards: Alex Okoh Is Public Administrator Of The Year

Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has emerged the Public Administrator of the Year at the 2022 Pink Awards organised by La Veronica Magazine. Presenting the Award to the Director General who was represented by the Director, Post Transaction Department (PTD) at BPE, Mr. Toibudeen Oduniyi on Saturday, December 17, 2022, in Lagos, the organisers said, “the Director General of the Bureau of Public Enterprises, Mr. Alex A. […]

Read More
December 13, 2022 News Press Release

Makurdi Hydropower Will Address Nigeria’s Power Challenge-Minister

The Minister of Power Engr. Abubakar Aliyu has revealed that the 1,650mw Makurdi Hydro Power Plant (MHPP) when completed would not only address the energy shortfall in the country, but also mitigate flooding. Speaking at the inauguration of the Project Steering Committee (PSC) for the concession of the Power Plant in Abuja on Monday, December 12, 2022, the Minister assured that the Federal Government was committed to addressing the power challenge in the country even […]

Read More