Published On: Tue, Oct 24th, 2017

Senate probes privatization of govt coys

The Senate, Tuesday,  resolved to commence a comprehensive probe of all federal government public enterprise that have been privatised with a view to ensuring their positive impavt on Nigetians and economy.
Consequently , the upper legislative chamber directed its Committee on Privatisation to interface with the National Council on Privatisation, NCP and the Bureau of Public Enterprises, BPE in conducting a public hearing to determine the public enterprises privatized/commercialized, current status of privatized enterprises, extent of due process in the conduct of the exercise, and enterprises whose privatization where reversed by the federal government.
It also mandated the committee to scrutinize the extent of compliance with the post privatization conditions by core investors, and the impact of privatization/commercialization of public enterprises on the nation’s economy.
The decisions of the Senate were results of debates on a motion moved to that effect by Senator Umar Kurfi and six others .