Femi Otedola’s firm, Amperium consortium, has presented a
confirmation of payment of $33 million including local component of N519.12
million into Bureau for Public Enterprise’s (BPE) account, being 25 per cent
down payment for acquiring 51 per cent of Geregu power plant.
confirmation of payment of $33 million including local component of N519.12
million into Bureau for Public Enterprise’s (BPE) account, being 25 per cent
down payment for acquiring 51 per cent of Geregu power plant.
Akin Akinfetiwa, CEO of Forte Oil, a partner of Amperium
consortium, made the public presentation at the end of the meeting to the
Acting Director General Benjamin Dikki.
consortium, made the public presentation at the end of the meeting to the
Acting Director General Benjamin Dikki.
Though the firm was given 15 days grace, it paid the
purchase sum immediately after the approval was granted.
purchase sum immediately after the approval was granted.
This coming on the heels of National Council on
Privatisation (NCP) chaired by Vice-President Namadi Sambo’s approval for
the sale of 70 per cent of Egbin power plant in Lagos to a Korean firm,
KEPCO for the sum of $407.3 million.
Privatisation (NCP) chaired by Vice-President Namadi Sambo’s approval for
the sale of 70 per cent of Egbin power plant in Lagos to a Korean firm,
KEPCO for the sum of $407.3 million.
