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PHCN Sales Proceeds Lodged in CBN Privatisation Account, Says BPE

By Ndubuisi Francis
The Bureau of Public Enterprises (BPE) has debunked reports that it diverted N14 billion sales proceeds of the defunct Power Holding Company of Nigeria (PHCN) into private banks.
The privatisation agency said the question of diversion did not arise as all the proceeds were paid into the Privatisation Proceed Account domiciled with the Central Bank of Nigeria (CBN).
The Bureau in a statement said: “The truth of the matter is that the BPE did not and has not diverted proceeds of the PHCN privatisation as all the proceeds were paid into the Privatisation Proceed Account domiciled with the Central Bank of Nigeria (CBN). ....

Ndubuisi Francis , Amina Tukur Othman , Central Bank , Public Affairs , Bureau Of Public Enterprises Diverts , Bureau Of Public Enterprises , Properties In Aso Savings , Aso Savings Loans Plc , Power Holding Company Of Nigeria , Bureau Treasury Single , Public Enterprises , Power Holding Company , Privatisation Proceed Account , Buy Properties , Aso Savings , Accountant General , Treasury Single Account , Loans Plc , Aso Sagings , Proceeds Into Private Banks , ண்துபுசி பிரான்சிஸ் , மைய வங்கி , பொது வாழ்க்கைத்தொழில்கள் , பணியகம் ஆஃப் பொது நிறுவனங்கள் , ப்ராபர்டீஸ் இல் அசோ சேமிப்பு , அசோ சேமிப்பு கடன்கள் ப்ல் ,

BPE: PHCN sales proceeds lodged in CBN privatisation account

TODAY
December 23, 2020
The Bureau of Public Enterprises (BPE) has debunked reports that it diverted N14 billion sales proceeds of the defunct Power Holding Company of Nigeria (PHCN) into private banks.
The privatisation agency said the question of diversion did not arise as all the proceeds were paid into the Privatisation Proceed Account domiciled with the Central Bank of Nigeria (CBN).
The Bureau in a statement said: “The truth of the matter is that the BPE did not and has not diverted proceeds of the PHCN privatisation as all the proceeds were paid into the Privatisation Proceed Account domiciled with the Central Bank of Nigeria (CBN). ....

Amina Tukur Othman , Central Bank , Public Affairs , Bureau Of Public Enterprises Diverts , Bureau Of Public Enterprises , Properties In Aso Savings , Aso Savings Loans Plc , Power Holding Company Of Nigeria , Bureau Treasury Single , Public Enterprises , Power Holding Company , Privatisation Proceed Account , Buy Properties , Aso Savings , Accountant General , Treasury Single Account , Loans Plc , Aso Sagings , Proceeds Into Private Banks , மைய வங்கி , பொது வாழ்க்கைத்தொழில்கள் , பணியகம் ஆஃப் பொது நிறுவனங்கள் , ப்ராபர்டீஸ் இல் அசோ சேமிப்பு , அசோ சேமிப்பு கடன்கள் ப்ல் , பவர் வைத்திருத்தல் நிறுவனம் ஆஃப் நைஜீரியா , பணியகம் கருவூலம் ஒற்றை ,