Abdusalam Abubakar, Tinubu, Otudeko battle for Eko Distribution Company as BPE opens bids

Ex-Head of State, Abdulsalami Abubakar
Ex-Head of State, Abdulsalami Abubakar

Bids are to be opened for 11 distribution companies

The Bureau of Public Enterprises, BPE, will, Tuesday, organise the formal commercial bids opening for 11 distribution companies (DISCOs), which are successor companies of the Power Holding Company of Nigeria, PHCN.

A former Head of State, Abdusalam Abubakar; and billionaire businessmen, Oba Otudeko and Wale Tinubu, are some of the notable Nigerians who are participating in the bidding process.

The bidders, according to the Director General of the BPE, Bolanle Onagoruwa, include Aura Energy Limited for Jos Distribution Company, Sahelian Power SPV Limited for Kano DISCO; 4Power Consortium for Port Harcourt DISCO; Integrated Energy Distribution & Marketing Limited for Yola DISCO and Interstate Electric Limited/KANN Consortium Utility Company Limited for Abuja DISCO.

Others include Southern Electric Distribution Company/Vigeo Power Consortium for Benin DISCO; Eastern Electric Nigeria Limited/Interstate Electric Limited for Enugu DISCO; and Integrated Energy Distribution & Marketing Limited/KEPCO/NEDCO/Western Consortium for Ibadan DISCO.

Honeywell Energy Resources International Limited, owned by Mr. Otudeko, challenges Integrated Energy Distribution & Marketing Limited believed to be owned by Mr. Abubakar; Oando Consortium headed by Mr. Tinubu; and SEPCO-Pacific Energy and West Power & Gas Consortium; for EKO DISCO.

Members of the same consortium, joined by VIGEO Holdings, Gumco, African Corporation AFC and CESC Consortium bid for Ikeja DISCO.

  • Enemona

    This is how it is working out now. They looted the funds meant to run our collective national companies; they ran it aground. The people who did this use the same looted funds to buy up the companies at very cheap prices.

    The government (their ally) then ‘reloot’ the funds and the companies begin to charge the ‘market price’ for the hitherto subsidised services. In all, the masses lose but in God we trust, we will get out of this ‘one day’.

    • jowal

      Well, if they can manage it successfully, i think it is okay than allowing some stupid black inside white outside from Apartheid Republic to come and invest and at the end of the day asking for yellow card to enter their crime soaked country.