The Bureau of Public Enterprises (BPE) has denied diverting N14 billion proceeds from the sales of the defunct Power Holding Company of Nigeria (PHCN).
In a statement on Thursday, the privatisation agency said it couldn’t have diverted any profit as all the proceeds were paid into the Privatisation Proceed Account domiciled with the Central Bank of Nigeria (CBN).
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“It must be noted that these proceeds were used to settle the severance benefits of staff of the defunct PHCN as agreed by the federal government and labour.
“If then, the funds were diverted, how could this feat have been achieved?” The statement by Amina Tukur Othman said.
It called on all stakeholders and the general public to discountenance “the smear reports against the BPE as we are prepared to at all times, as a responsible parastatal of the federal government, charged with reforms, privatisation, concession and commercialisation, to carry out our mandate responsibly and with integrity.’’
