Nigeria: Power Firms - 10 Bidders Beat Deadline for 75 Percent Payment

22 August 2013

The Bureau of Public Enterprises kept sealed lips yesterday over the outcome of the privatisation process for the unbundled PHCN companies as the deadline for payment of the 75 per cent balance expired yesterday.

But LEADERSHIP gathered from sources within the bureau that 10 companies had made full payment before the deadline expired yesterday while the remaining four were still making efforts to meet their obligations.

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