Southern Electricity Distribution Company, the consortium floated by four governors in the PHCN bid for the Benin Electricity Distribution Company (DISCO) cheated by submitting two bids during the commercial bid opening ceremony, the Vanguard newspaper reports. According to the report, despite emerging the highest bidder for four of the DISCOs, Integrated Energy Distribution and Marketing Company, promoted by former President Abdulsalami Abubakar, will only have access to two of the companies after passing the stress test or consistency test. Addressing journalists in Lagos, yesterday, on the unfolding drama now trailing the bid process, the Chairman, Technical Committee, National Council on Privatisation, Mr. Atedo Peterside, said decision on the governor’s alleged fraud in the PHCN bid will be decided by the NCP before month end, during which it would also announce the bid winners for the respective DISCOs.
Governors Consortium, Southern Electricity Distribution Company Cheated in PHCN Bid – Atedo Peterside
- Published: 208 days ago on October 23, 2012
- By: onnaedo.okafor
- Last Modified: October 23, 2012 @ 9:02 am
- Filed Under: Headlines, Nigerian News
- Tagged With: Abdulsalami Abubakar, Atedo Peterside, Benin Electricity Distribution Company (DISCO), PHCN bid, Southern Electricity Distribution Company