N14 billion PHCN privatisation proceeds not diverted — BPE
N14 billion PHCN privatisation proceeds not diverted — BPE On By Emma Ujah, Abuja The Bureau of Public Enterprises (BPE) has refuted reports that it diverted N14 billion from the proceeds of the privatisation of the defunct Power Holding Company of Nigeria (PHCN). According to a statement by the Head, Public Communications of the agency, Amina Othman, the funds generated from the privatisation exercise of the power sector was used to settle staff liabilities of PHCN. BPE was reacting to media reports alleging the diversion of the N14 billion. ALSO READ: It said, “Truth of the matter is...
Source: vanguardngr.com