The House of Representatives on Tuesday, unanimously adopted a motion moved by Hon. Hassan Shehu Hussain of the NNPP, Kano, mandating its Committee on Privatization and Commercialization to investigate the activities of the Bureau of Public Enterprises (BPE) from 2019–2023, during the second tenure of former President Muhammadu Buhari.
The House also mandated the Committee to probe the BPE’s privatisation of 29 percent of residues of the federal government’s shares in the Geregu Power Plant to the core investors to upgrade it to a combined cycle for a total sum of N13,134,375,000 in 2019 and during the period under review,
While presenting the motion, Hussain noted that during the period under review, about 80 public enterprises were privatised through various modes of privatisation including core investors, concessions, assets sales, and initial public offers (IPO), among others.
