BPE not opposed to forensic audit of DisCos -DG

The Bureau of Public Enterprises (BPE), has distanced itself from report insinuating that it is opposed to the federal government’s plan to carry out a forensic audit of power distribution companies (DisCos) in the country.

The federal government had on November 1, 2012 handed over the power firms to private hands. However, it still has a controlling share in the running of the privatized entities.

It would be recalled that the Discos have gone to court to restraint the NERC from interfering in their corporate activities as well as restrain the Transmission Company of Nigeria (TCN) and the National Economic Council (NEC) from what they described as undue interferences in the activities.

In addition, the Discos are seeking to restraint NERC from sending forensic auditors to their respective companies.

In a statement personally signed by BPE’s Director General and copied the Executive Chairman of NERC on Friday, May 29, 2020, Okoh said “ BPE was not consulted and was not part of this action”.

The Statement reads in part: “For the avoidance of doubt, the Bureau wishes to inform NERC that there was never a time when the Boards of the Discos neither discussed any of these matters nor decided to oppose the forensic audit or any of such matter.

“Please, note that the Bureau was not consulted and is not part of this action; and therefore is not opposed to the forensic audit being planned by the Federal Government”.

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