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Tag: NCP

  • NCP proposes BoA-NIRSAL merger, capitalinjection for food security

    NCP proposes BoA-NIRSAL merger, capitalinjection for food security

    The National Council on Privatisation (NCP) has proposed a merger between the Bank of Agriculture (BoA) and the Central Bank of Nigeria’s NIRSAL Microfinance Ltd, as well as a fresh capital injection to revitalize the bank.

    Vice President Sen Kashim Shettima, while addressing the second meeting of the NPC this year at the State House, Abuja, said the move aims at reposition the BoA to drive Nigeria’s food security agenda.

    “We must reposition BoA to drive Nigeria’s food security. Let’s get very sound professionals with integrity to manage the bank. If we use it well, it’s going to be a tool for the transformation of our economy because agriculture is the key,” Shettima said.

    The proposal is based on recommendations from the NCP’s committee on BoA, which identified challenges and the need for urgent resolution.

    The committee, chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, suggested a comprehensive overhaul of the bank’s operations.

    “The immediate reconstitution of the Board of Directors of the Bank to enhance corporate governance” and “a merger of BoA with the CBN’s NIRSAL Microfinance Ltd” are among the key recommendations, Edun said.

    He also highlighted the proposal to “cede National Agricultural Land Development Authority (NALDA) land titles to BoA so that it reflects in its balance sheet, thus increasing its capital adequacy for the purpose of raising funds from institutional investors”.

    The committee’s report follows a review of BoA’s operations and the need for reforms to achieve the Tinubu administration’s food security goals under the Renewed Hope Agenda.

    Previous efforts include the collaboration between the Bureau of Public Enterprises (BPE), the Federal Ministry of Agriculture and Rural Development, and the Federal Ministry of Finance to restructure and recapitalize BoA in 2016.

    Read Also: NCP proposes BOA-NIRSAL merger, capital injection to boost food security

    “Adequate capital injection into the Bank by the shareholders” is crucial, Edun said, emphasizing the need for financial reinforcement.

    The NCP also addressed proposals for the establishment of an independent system operator from the Transmission Company of Nigeria (TCN) and a strategy paper for optimizing oil and gas assets.

    The Council, chaired by Vice President Shettima, set up committees to liaise with relevant stakeholders and provide a roadmap for implementation. The committees are expected to report back within three weeks.

    This move demonstrates the government’s commitment to transforming the economy through agriculture and ensuring food security for all Nigerians.

  • NCP proposes BOA-NIRSAL merger, capital injection to boost food security

    NCP proposes BOA-NIRSAL merger, capital injection to boost food security

    The National Council on Privatisation (NCP) has proposed a merger between the Bank of Agriculture (BOA) and the Central Bank of Nigeria’s NIRSAL Microfinance Ltd as well as a fresh capital injection to revitalise the bank. 

    According to Vice President Senator Kashim Shettima, while addressing the second meeting of the NPC in 2024 at the State House, Abuja, the move aims at reposition the BOA to drive Nigeria’s food security agenda.

    “We must reposition BOA to drive Nigeria’s food security”, said Vice President Shettima. “Let’s get very sound professionals with integrity to manage the bank. If we use it well, it’s going to be a tool for the transformation of our economy because agriculture is the key,” he said. 

    The proposal is based on recommendations from the NCP’s committee on BOA, which identified challenges and the need for urgent resolution. 

    The committee, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, suggested a comprehensive overhaul of the bank’s operations.

    “The immediate reconstitution of the Board of Directors of the Bank to enhance corporate governance” and “a merger of BOA with the CBN’s NIRSAL Microfinance Ltd” are among the key recommendations, said Edun. 

    He also highlighted the proposal to “cede National Agricultural Land Development Authority (NALDA) land titles to BOA so that it reflects in its Balance Sheet, thus increasing its capital adequacy for the purpose of raising funds from institutional investors”.

    The committee’s report follows a review of BOA’s operations and the need for reforms to achieve the Tinubu administration’s food security goals under the Renewed Hope Agenda. 

    Read Also: Food security: Kwara gets 3,600 hectares of land from AfDB to grow maize, rice, other

    Previous efforts include the collaboration between the Bureau of Public Enterprises, the Federal Ministry of Agriculture and Rural Development, and the Federal Ministry of Finance to restructure and recapitalize BOA in 2016.

    “Adequate capital injection into the Bank by the shareholders is crucial,” Edun said, emphasising the need for financial reinforcement.

    The NCP also addressed proposals for the establishment of an independent system operator from the Transmission Company of Nigeria (TCN) and a strategy paper for optimizing oil and gas assets.

    The Council, chaired by Shettima, set up committees to liaise with relevant stakeholders and provide a roadmap for implementation. The committees are expected to report back within three weeks.

    This move demonstrates the government’s commitment to transforming the economy through agriculture and ensuring food security for all Nigerians.

  • NCP sets up committee to fast track BoA’s restructuring

    NCP sets up committee to fast track BoA’s restructuring

    The National Council on Privatization (NCP) has set up an ad-hoc committee to fast track the restructuring and resuscitation of the Bank of Agriculture (BoA).

    A statement issued by Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Stanley Nkwocha, said setting up the ad-hoc committee was in a bid to ensure better service delivery in line with the Renewed Hope Agenda of the Tinubu administration.

    Vice President Kashim Shettima, who chaired the maiden meeting of the reconstituted NCP at the Presidential Villa, Abuja, emphasised the importance of the tasks before the new Council, particularly the rejuvenation of BoA, among others.

    Speaking after presentation of the agenda and matters arising by the Director General of the Bureau of Public Enterprises (BPE), Dr Alex Okoh, the VP listed the composition of the ad hoc committee, saying a lot will depend on the decisions of the Council in the months ahead.

    “We have to make some far reaching decisions on the restructuring of the Bank of Agriculture because the bank will be critical to the realization of the Renewed Hope Agenda of the Tinubu administration. It is very important for us and for this administration,” he noted.

    According to the Vice President, the Finance Minister, Mr Wale Edun will Chair the ad hoc committee, while members include, Minister of Agriculture and Food Security, Sen. Abubakar Kyari; Minister of Budget and Economic Planning, Sen. Atiku Bagudu; CBN Governor, Dr Yemi Cardoso; Rep of the Ministry of Finance Incorporated (MOFI); Chairmen of the NCP Technical and Legal Committees; a member of the NCP, Alhaji Mohammed Mustapha Bintube, and the DG BPE will serve as Secretary.

    VP Shettima urged the committee to come up with a roadmap for the resuscitation of the BOA, among other resolutions.

    The Vice President had earlier in his opening address set the tone for the deliberations, urging members to take every task seriously. “We will be meeting more frequently because we have to support the President to execute the Renewed Hope Agenda,” he noted.

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    The Council also approved the completion of the concession of the 700MW Zungeru Hydroelectric Power Plant and particularly directed the opening of a dedicated account at the Debt Management Office for the payment of the concession fees by the concessionaire.

    Vice President Shettima directed the CBN governor to commence the opening of the account at the DMO as proposed by the BPE.

    Yet another major decision taken at the meeting was the ratification of constituted standing committees for the Council, comprising the Technical, Stakeholder Engagement, Finance and Legal committees.

    Also approved at the maiden NCP meeting was the 2024 workplan of the Bureau of Public Enterprises (BPE) covering its privatization activities and participation in international forums to attract interest in the country’s privatization programme.

    Present at the meeting were the Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun; Minister of Agriculture and Food Security, Sen. Abubakar Kyari; Minister of Budget and Economic Planning, Sen. Abubakar Bagudu; Minister of Steel Development, Shuaibu Audu; Minister of Transportation, Sen. Sa’idu Alkali; CBN Governor, Dr Yemi Cardoso, and Chairman of the reconstituted Technical Committee, Mr Oye Odukale, among other Council members.

  • Firms scale NCP’s hurdle for Afam power bid

    The National Council on Privatisation (NCP) has granted approval to Diamond Stripes Consortium, Transcorp Power Consortium and Unicorn Consortium to proceed to the financial bids opening stage for the acquisition of 100 per cent shares in the Afam Electricity Generation Company (Afam Power Plc & Afam Three Fast Power Limited).

    Rising from its first meeting at the Presidential Villa, Aso Rock, Abuja, the Council noted that the two consortia met the benchmark score of 750 points after evaluation in accordance with the criteria set out in the Requests for Proposal (RfPs).

    The BPE, in a  statement said other decisions taken by the Council include: approval for Quest Electric Nigeria Limited to proceed  to the financial bids opening stage for the re-privatisation of the Yola Electricity Distribution Company (YEDC); appointment of Lead Capital Consortium as Financial Adviser for the restructuring, recapitalisation and partial privatisation of the Bank of Agriculture (BoA); and delisting of Transcorp Hilton Hotel, Abuja from post Privatisation monitoring by the BPE.

    Others are privatisation of the Nigeria Communication Satellite Limited (NigComSat) through a strategic core investor sale and commencement of the process of listing it in the schedule of the Public Enterprises (Privatisation& Commercialisation) Act 1999; and the appointment of Vesta Healthcare Partners as consultant to carry out a diagnostic review of the Nigerian Health Sector.

    The privatisation of Afam Power Plc & Afam Three Fast Power Limited could not be concluded during the first round of the power privatisation in 2013 due to issues arising from gas supply to the plant.

    Following the termination of the Share Purchase Agreement (SPA) signed between Taleveras (the then Preferred  Bidder) and BPE in 2016, Council at its meeting of 2107  approved the privatisation of the enterprise based on a strategy to be recommended by the Transaction Advisers.

    For the YEDC, although it was successfully privatised and handed over to the core investor in 2013, a force majeure was declared in 2015 by the core investor citing insecurity in the Northeast region of the country. Following this, the company was duly repossessed by the Federal Government.

    It is expected that the successful bidders will be responsible for operating the generation and distribution companies, making the necessary investments to improve the generation and distribution networks and customer service in line with the objectives of the Federal Government of Nigeria set out in the National Electric Power Policy (NEPP).

     

  • Fawehinmi, a champion of participatory democracy — NCP

    THE Lagos State chapter of the National Conscience Party (NCP) yesterday said the contributions of the late human rights activist, Chief Gani Fawehinmi, to the growth of democracy is immeasurable.

    The state chairman of the party, Mr. Fatai Ibu-Owo, made the statement in Lagos at a symposium to commemorate the 80th post- humous birthday of Fawehinmi.

    According to the News Agency of Nigeria (NAN), the symposium, organised by the NCP, had the theme: “Gani Fawehinmi, the man, his principles, his struggles and lessons for generation today.”

    The fiery lawyer, who always stood against misrule by government in his days, was born on April 22, 1938 and died on Sept. 5, 2009.

    During his lifetime, he was in and out of detention due to his uncompromising stance in fighting injustice and defending the poor.

    Ibu-Owo described Fawehinmi as a champion of democracy, saying his struggles led the birth of the multi -party democracy the country was now practising.

    “Fawehinmi was a champion of democracy and its ideals. Through his struggles, he fought for the registration of not only the NCP which he founded, but the other parties.

    “He was an advocate of participatory democracy and that the country’s democratic institutions be strengthened,” he said.

    The party chairman said Fawehinmi was a lover of the masses, as he dedicated his life to their cause, sometimes inconveniencing himself.

    Ibu-Owo said the present generation of leaders had a lot to learn from Fawehinmi’s leadership by example and love for the poor.

    He said Fawehinmi was a believer in human capacity development, as he awarded scholarships to people who could not afford education.

    Also speaking, another chieftain of the NCP, Mr. John Ntang, extolled the virtues of Fawehinmi.

    Ntang, a presidential aspirant of the party, said the life and times of Fawehinmi are replete with lessons for new generation of leaders.

    He described Fawehinmi as a man of integrity, whose high moral standing was shaped by proper upbringing.

    Ntang said the legal icon was incorruptible, adding he never had any case of corruption against him when he was alive.

    “Fawehinmi was a reason every parent should ensure proper upbringing of their children. His upbringing helped to shape his integrity. He was a man of honour. He loved the masses and the poor,” he said.

    Ntang said it was Fawehinmi’s democratic ideals that inspired him to join politics.

    Another chieftain, Mr Lanre Adeleke, said Fawehinmi was a good example of selflessness.

    The former student leader said the late lawyer helped to secure his release and others when they were detained by the police over agitation for students’ rights.

    “When I was the SUG president of OAU, the government detained me and some other students over agitations for the rights of students.

    “It was he who helped to secure our release after several weeks in detention and even got a judgement for us against the Federal Government of then,” he said.

    The activist’s giant statue which was reconstructed by the lagos State government is to be unveiled today at the Gani Fawehinmi Park, Ojota.

     

  • NCP kicks against state police

    The National Conscience Party (NCP) on Saturday said it was opposed to the creation of State Police in the country.

    The Lagos State Chairman of the party, Mr. Fatai Ibu-Owo, made the party’s position known in Lagos.

    He was reacting to the clamour for the creation of state police in the face of rising security challenges in the country.

    Ibu-Owo said the NCP opposed the idea because it would not solve the security problem in the country but worsen it.

    He argued that the country had not attained the political maturity to adopt state police, as the idea would be subjected to political manipulation.

    Ibu-Owo said in a country where people still identified with tribes rather than the country, the idea was not good for national unity.

    “We at NCP are opposed to the idea because the country is not ripe for such, especially in a country where politicians can be desperate.

    “We believe that if states are allowed to have their own police, politicians would manipulate them to fight or crush the opposition, rather than fight security challenges.

    “Just like governors are using the state electoral commissions to achieve their political whims and caprices in their respective states.

    “Also, state police is not good for a multi-ethnic and multi-cultural country like Nigeria.

    “They could be used to dangerously settle ethnic scores, and this is not good for the unity of the country,” he said.

    NAN

     

     

  • Nine firms bid for monitoring of power sector 

    • BPE to compute results of bids 

    The National Council on Privatization (NCP) on Tuesday opened bids of nine firms that were jostling for technical consultancy for power sector monitoring. 

    Besides, eight firms, including the University of Jos competed for investing in five subsidiaries of the Nigerian Mining Corporation (NMC).

    During the bidding, University of Jos, offered N30million for Naraguta Bricks & Clay Company Jos- Core Investor Sale, although it was said to be below the reserved price.

     PWC offered N34,216,000 for lot six comprising Geregu Generation Company Limited –Thermal, Ughelli Generation Company Limited – Thermal, Sapele Generation Company Limited – Thermal, Afam Generation Company Limited – Thermal and Egbin Power Plant, Ikorodu, Lagos. 

    The NCP Technical Committee chairman, Mr M.K. Ahmed moderated the bidding proceedings in Abuja. 

    At the end of the proceedings, according to the Director-General, Bureau of Public Enterprises (BPE), Mr Alex Okoh, at least four to six firms would emerge after the equalisation of the technical and financial results. 

    He added that “Thereafter, results will be recommended to the NCP for approval. The Bureau will then commence negotiation of the contract terms with the firms that subsequently emerge from this process.”

    Ahmed had said that the bids were submitted by prospective investors for Maiduguri Bricks, Naraguta Bricks, NIMCO Terrazo, Gano Quarry and Kujama Quarry and technical consultants for power sector monitoring. 

    The Technical Committee chairman noted that “There are eight companies bidding for the five subsidiaries of NMC. We are also opening of the financial proposals of the nine firms that have been pre-qualified to move to this stage of the procurement process to engage technical consultancy service for the monitoring of the privatised Power Holding Company of Nigeria (PHCN) Successor Companies (SCs).”

    He was represented by the Senior Special Assistant to the President on Restructuring, Mrs. Ime Okon, who told journalists that the Bureau of Public Enterprises (BPE) would compute the bids results and send them to the NCP for approval.

    Asked to state the conclusion of the bids, he said that “What I understand from what we have just done now is that all the results will be computed and sent to the National Council on Privatization (NCP) for final approval.”

    During the exercise, some of the firms bided in foreign currency which the moderator said would be converted with the current exchange rates.

    The five subsidiaries of the NMC companies for which financial bids will be opened yesterday were : *Naraguta Bricks & Clay Company Ltd, Jos Plateau State

    *Maiduguri Bricks & Clay Products Ltd, Maiduguri *Terrazzo Company Limited (NTL), Gurum, Jos, Plateau State *Kujama Quarry, Kaduna *Gano Quarry, Kano State.

    The power companies that were offered for bidding were Lot one that included Abuja Electricity Distribution Company Plc and Jos Electricity Distribution Company Plc. 

    Lot two included: Benin Electricity Distribution Company Plc, Port Harcourt Electricity Distribution Company Plc and Enugu Electricity Distribution Company Plc.

    Lot three that comprised Eko Electricity Distribution Company Plc, Ibadan Electricity Distribution Company Plc and Ikeja Electricity Distribution Company Plc. Lot four included Kaduna Electricity Distribution Company Plc’ Kano Electricity Distribution Company Plc and Yola Electricity Distribution Company Plc. Lot five consisted of 

    Kainji Hydro Electric Power Plc and Shiroro Hydro Electric Power Plc. Meanwhile, other six comprised Geregu Generation Company Limited –Thermal, Ughelli Generation Company Limited – Thermal, Sapele Generation Company Limited – Thermal, Afam Generation Company Limited – Thermal and Egbin Power Plant, Ikorodu, Lagos. 

    Ahmed said that at the deadline for the submission of technical and financial proposals, BPE received seventeen proposals from the under-listed firms. 

    The technical proposals were evaluated in the presence of the Department of State Security Service and the BPE Anti-Corruption Unit officials. 

    He said that PWC scored 91.7, Halcrow Infrastructure Ltd scored 85.3, Indra/Sigrum Africa Ltd scored, 

    82, Fluentgrid Ltd  (formerly known as Phoneix  Powering Utilities)

    81.88, Emtech Energy Services Ltd s scored 81.8, Alsdur Ltd scored 80.32, Feedback Infra Private Ltd., India & Derekson Ltd. Nigeria scored 78.12, Energy People/Nextier Consulting scored 77.77 and Pakistan Engineering Services (PVT) Ltd. & OskanJo & Partners Ltd scored 75.28. 

    From the expression of interest for the GENCO the bidders were ranked as follows: 

    PWC 92.42, Halcrow Infrastructure Ltd 84.27, Fluentgrid Ltd (formerly known as Phoneix  Powering Utilities) 82, Indra/Sigrum Africa Ltd, 80.44 and Energy People/Nextier Consulting 77.14.

  • NCP, rights groups call for transparency in governance

    NCP, rights groups call for transparency in governance

    The National Conscience Party (NCP) and the Coalition of Concerned Nigerians (CCN) have urged the Federal Government to ensure openness and transparency in governance by releasing vital information on the health of President Muhammadu Buhari.

    The groups said Nigerians deserved to know what is happening to the president, who has been on medical vacation abroad.

    NCP and CCN prayed for the president, saying: “We wish the president quick recovery and pray for God’s abiding strength to help him navigate the affairs of the nation.”

    In a statement signed by NCP National Chairman, Alhaji Tanko Yunusa, the groups said, if there is an evidence that the president cannot cope with his official duties, the Federal Executive Council (FEC) can write to the National Assembly to request for a medical examination to ascertain his fitness.

    Yunusa called for the amendment of the constitution to remove the power to investigate the president health from the FEC and limit the time the president and governors can go on medical vacation.

    He lamented that efforts were being made to hide the true state of health of the president, adding that it was detrimental to governance.

    Yunusa noted that when the late President Umaru Yar’Adua took ill, it was disclosed to Nigerians, recalling that President Buhari called on him to resign or be impeached by the National Assembly.

    He said why he was not calling for the resignation or impeachment of the president, the nature of his sickness should be made known to the public.

    Yunusa said although the president handed over properly to his deputy, Prof. Yemi Osinbajo (SAN), the president has been held hostage by cabals who are hiding on the current circumstances to undermine the constitution.

    He added: “The handlers and medical team of the president should immediately release information on the nature of his sickness. They need to be proactive, given the likelihood that if anything untoward happens to the president, there is the likelihood that violence may be unleashed by some elements who may think that he was poisoned. Governance is drifting and we cannot keep quiet. We need to lay down a good precedence for our future.”

     

     

     

  • Insubordination: NCP calls for arrest of NHIS boss

    The National Conscience Party (NCP), has asked Acting President, Yemi Osinbajo, to immediately  order the arrest of the suspended National Health Insurance Scheme (NHIS) Executive Secretary, Professor. Usman Yusuf.

    NCP said that it is unbecoming of Yusuf to continue to parade himself as the NHIS boss, more than one week after his suspension was conveyed to him by the Minister of Health, Prof. Isaac Adewole.

    Deputy National Chairman of NCP, Waheed Lawal , made the call for the immediate arrest of the embattled NHIS in a statement released in Abuja.

    Lawal said, “My strong belief in the Nigeria democratic process enables me to speak against tyranny, wanton disregard for established authority and unrepentant rigidity for corrupt tendencies especially as the voice of the poor citizens of our country as regards the manipulative tactics at the NHIS office.”

    He chided the House of Representatives for their involvement in the imbroglio which he described as the inconsistency and incoherence of a chamber of dual personalities.

    He said, “it is a matter of public knowledge that the members of the House committee on health have been compromised and are sentimentally delusional by the antics and unguided conduct of Prof. Usman Yusuf, as they portrayed themselves over the years worked against the interest of the executive to stamp out corruption from the public service.

    “The suspension of the NHIS executive secretary is following a precedence which remains one of the best approaches to fight the scourge of corruption, we, and even the green chamber all applauded the suspension of the secretary to the government of the federation, Babachir David Lawal.

    “As such, why are the lawmakers perfecting a legislative coup against the conscience of Nigerians by pushing for the recall of Yusuf who should by now be answering questions from the constituted investigative panel on over 72 petitions received so far, bothering on financial impropriety, gross misconduct and flagrant disregard for the civil service rules and the procurement act?,” Lawal asked.

  • FG privatizes 142 enterprises – Osinbajo

    FG privatizes 142 enterprises – Osinbajo

    The National Council on Privatisation (NCP) has since inception successfully concluded the privatisation and reform of over 142 public enterprises, according to Acting President, Professor Yemi Osinbajo.

    He made the disclosure during the inauguration of the Fifth Council of the National Council on Privatisation (NCP) since the enactment of the Public Enterprises (Privatisation and Commercialisation) Act 1999.

    He pointed out that the inauguration of the NCP is a critical step in the process of putting in place part of the institutional framework necessary for the actualization of the socio-economic agenda of the administration.

    The Head Public Communications, Mr. Chukwuma Nwoko, who disclosed this in a statement yesterday quoted him as adding that: “It is also a demonstration of our administration’s commitment to public sector reform and the central role of the National Council on Privatisation (NCP) in this process. Even though the public sector has been at the

    Even though the public sector has been at the centre stage in the provision of critical infrastructure and services cutting across the whole spectrum of the nation’s life since independence, the emerging importance and centrality of the private sector to the actualization of the economic agenda of the administration cannot be downplayed.”

    The Acting President stated that apart from playing a dominant role of generating employment opportunities, the intervention of the private sector enhances the process of industrialisation, delivers critical infrastructure and services the country.

    To him, the role can only be unleashed when government’s role of regulating and creating an enabling environment is robustly undertaken.  “This will, in turn, offer the private sector the required comfort and assurance to make investments and expect a reasonable return on thereon,” he said.

    He pledged the administration’s commitment to giving all the required support to the NCP in carrying out its statutory responsibilities.   “In return, the Government expects the NCP to come up with creative out-of-the-box solutions for addressing the numerous challenges facing the privatisation and commercialization programme such as non-performance by some privatised enterprises and post-privatisation challenges facing some of the privatised enterprises,” he added.

    “The Government also expects the NCP to make measurable progress in respect of the outstanding transactions affecting some of the areas critical to the economic recovery of the nation.  You must make deliberate and conscious efforts to learn from past experiences and guard against avoidable mistakes of the past.”

    The Acting President explained that over the years, the NCP had concluded significant transactions and carried out economic reform activities in key sectors of the economy such as telecommunications, pension management, ports, power, etc.   Said he: “A mega reform process in the power sector is ongoing with ambitious expectations. Although there are numerous challenges trailing the process, the NCP is expected to critically analyse these challenges and come up with sustainable solutions as part of government commitment to make power available at accelerated rates and to wide sections of the populace.”

    In his remarks, the Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, noted that recently a trend has emerged where certain institutions engage in activities which are tending to compromise and conflict with the statutory functions of the Bureau.

    According to him, “we believe that regulatory agencies and commissions should manage regulatory compliance and not get involved in process as transactions managers or operators as this will clearly create confusion and possible conflict. The Bureau of Public Enterprises operates as transaction managers and we shall submit our processes to the supervision of the relevant regulatory agency responsible for the particular transaction track we pursue to execute our mandate of enterprise reformation, including the SEC and the ICRC.”

    Members of the NCP which is chaired by the acting President are Mrs. Kemi Adeosun, Minister of Finance, as Vice Chairman; Mallam Abubakar Malami, SAN, the Attorney General of the Federation; Mr. Okechukwu Enelamah, the Minister of Industry, Trade and Investment; and Senator Udo Udoma, Minister of National Planning.Others are Hajia Habibat Lawal, acting Secretary to the Government of the Federation; Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria; Dr. Adeyemi Dipeolu, Special Adviser to the President on Economic Matters; Mr. Ituah Ighodalo; Mr. Ghandi Olaoye; Senator A.A. Ibrahim; Dr. Bashir Gwandu; and Mr. Alex Okoh, Director General of the Bureau of Public Enterprises (Member/Secretary.)

    Others are Hajia Habibat Lawal, acting Secretary to the Government of the Federation; Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria; Dr. Adeyemi Dipeolu, Special Adviser to the President on Economic Matters; Mr. Ituah Ighodalo; Mr. Ghandi Olaoye; Senator A.A. Ibrahim; Dr. Bashir Gwandu; and Mr. Alex Okoh, Director General of the Bureau of Public Enterprises (Member/Secretary.)