FG introduces new governance code for privatised firms

By Benjamin Umuteme

 

Abuja

In a bid to address lapses in the power sector, the Bureau of Public Proccurement (BPE) has introduced a corporate governance framework for privatised firms.
BPE’s Director-General, Alex Okoh, disclosed this at the financial bids for subsidiaries of Nigeria Mining Corporation and technical consultants for power sector monitoring on Tuesday in Abuja.
According to the DG, the new governance framework will enhance the sector to perform optimally.
The DG added that it is part of a new strategy to retrace and redefine its core values and reclaim its culture of integrity, transparency, professionalism, knowledge and competence. Rediscovery means re-examining what has worked before and what hasn’t worked so well.
According to Mr. Okoh, the strategy “would ensure that the Bureau engages the future effectively and with confidence, to guarantee that the objectives of the enterprise reform programme are achieved.
“In the process of delivering our mandate, the key attributes of integrity and transparency of the transactions and reform programs we manage are very important and will not be compromised, he added.
On the technical consultants that would monitor the power the DisCos and GenCos, Mr. Okoh insisted that the Federal Government’s decision to engage technical consultants to monitor the power sector is due to its resolve to discharge its monitoring responsibility over these enterprises for the benefit of all Nigerians.
“However, In addition to these measures, the critical and complex nature of the power sector requires that BPE seeks the assistance of external consultants wi requisite experience and technical know-how to help put in place robust mechanisms to monitor and manage some of the post-privatisation challenges facing the sector,” the DG said.
Meanwhile, the federal government finally washed its hands off the management of the five subsidiaries of the Nigerian Mining Corporatuion as it conducted a financial bid opening for the companies.
At the end of the exercise, Yusuf Mariri Trading Company with N20, 550,000.00 and Duwan Mineral Resources Ltd with the sum of N20, 000,000.00, emerged as preferred and reserved bider for Kujama Quarry in Kaduna State
For Gano Quarry, Kano State, A.A.Y International Mining Company Ltd with N21, 700,000.00 emerged as preferred bidet while Nigerian Spanish Engineering with the sum of N11, 000,000.00 was the reserved bidder.
The mamnagment of NIMCO Terrazzo in Jos was clinched by Alheri (JJ) Nig with N15, 297,000.00 while Nensat International Ltd emerged as the reserved bidet with N9, 100,000.00.
University of Jos, Plateau State emerged the preferred bider with N30, 000,000.00 for Naraguta Bricks & Clay Company, Jos
For a reserved price of N63, 000,000, Gargam Inter Services Ltd emerged as the preferred bider for Maiduguri Bricks & Clay Co Ltd
Customs impounds N15m worth of goods
The Western Marine Command of the Nigeria Customs Service (NCS) has seized goods estimated at N15 million from smugglers along the Gbao, Yekeme and pasha creeks of Lagos and Otta axis.
The seizure, which included 43,750 litres of Petrol were estimated at N6.3 million, 348 cartons and 25 sacks of assorted foreign soaps valued at N3.2 million.
The seizure also included 438 used tyres valued at N2.1 million and 300 bags of rice worth N2.1 million Comptroller Sarki Kebbi, the Area Controller Western Marine Command, at a news conference said the command was apt in the use of intelligence gathering.
“ I have promised that under my watch as the CAC of the command, smugglers will not have their way to perpetrate their evil business.
“My men are highly motivated and I have ordered for a 24-hour patrol of the waterways and creeks and it is yielding positive result as you are aware.
“The NCS, in trying to curtail the activities of smugglers, has
increased the manning of the high ways and some land border routes used for the smuggling.
“To this effect, smugglers have tended to fall to the waters, thinking that it will be easy for them. We are going to smoke them out of the waters. I have advised them to change business, otherwise they will have themselves to blame for their waterloo,’’ he said.
He said that the command’s operations would soon be boosted as the Comptroller General of the NCS, retired Col. Hameed Ali, had assured of the provision of two sea vessels.

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