Nigeria: FG Tasks NCP, BPE On Due Diligence

25 November 2011

Abuja — THE federal government, yesterday, tasked the Bureau of Public Entreprises, BPE, and the new members of the National Council on Privatisation, NCP, to pay more attention to due diligence of companies vying for public enterprises put up for sale, in the on-going privatisation programme.

Vice President Namadi Sambo who gave the charge to new members of the NCP at the State House Abuja, observed that apart from Eleme Pterochemical which is running in full capacity and has paid a dividend of about N15billion, many other privatised companies did not meet the objectives for their privatisation.

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