Monday, 29 October 2012

NCP Approves Recent Bids For PHCN GENCOs And DISCOs



The National Council on Privatisation under the chairmanship of the Vice President, Arc Mohammed Namadi Sambo, at its sixth meeting for 2012 which held today, at the State House, Abuja, deliberated on the outcome of the recent financial bid opening for PHCN Successor Generation Companies (GENCOs) and Successor Distribution Companies (DISCOs), which was conducted by the Bureau for Public Enterprises (BPE).  However, the NCP disqualified Southern Electricity Distribution Company for submission of multiple bids for Benin Disco. The approved bids are as enumerated below.
The meeting also approved the next steps for the conclusion of the privatization of the PHCN generation and distribution companies as follows:
1) After the approval of the results of the financial bids by Council, the highest ranked bidder for each Generation or Distribution Company will be required to post an additional bid security (“Preferred Bidder’s Bank Guarantee”) in the form of a Letter of Credit or Bank Guarantee for fifteen percent (15%) of the transaction value within fifteen (15) business days of notification from the Bureau of Public Enterprises. The Preferred Bidder’s Bank Guarantee shall be from a Standard & Poor (S&P) or Moody & Fitch “A” rated foreign bank with a correspondent bank in Nigeria or a Nigerian bank rated “A” by a Rating Agency approved by SEC and be valid through twenty-one (21), calendar days after the stipulated proposal validity period or any extended proposal validity period.
2) The designated Preferred Bidder will be invited for negotiations with BPE. Within fifteen (15) Business Days after signing of the Sale and Purchase Agreement, the Shareholders’ Agreement or the Performance Agreement ‘whichever is earlier, or at a mutually agreed earlier time, the Bidder shall make a down payment of twenty-five percent (25%) of the share purchase price.
3) Within six (6) months after signing of the Sale and Purchase Agreement or the Shareholders’ Agreement, whichever is earlier or mutually agreed upon time, the Bidder will be required to pay the outstanding seventy five per cent (75%) of the share purchase price to complete the transaction. Upon receipt of payment, the Preferred Bidder’s Bank Guarantee will be returned to the bidder within a maximum of four (4) weeks.
4) After the completion of payment, the handover of the successor company to the Preferred Bidder will conclude the transaction.
APPROVED BIDS FOR PHCN GENERATION COMPANIES (GENCOS)
NCP approved that Amperion Power Distribution Company Limited with a bid of USD$132,000,000 is the preferred bidder for the core investor sale of 51% shares of Geregu Power Plc;
It also approved that Mainstream Energy Solutions Limited which offered an annual fee of USD$50,760,665.18 and a commencement fee of USD$257,000,000 is the preferred bidder for the concession of Kainji Hydro Power Plc;
NCP approved that North-South Power Ltd which offered an annual fee of USD$23,602,484.87 and a commencement fee of USD$111,654,534 is the preferred bidder for the concession of Shiroro Hydro Power Plc;
The privatization body also approved that Transcorp/Woodrock/Sumbion/Medea/PSL/ Thomassen with a bid of USD$300,000,000 is the preferred bidder for the core investor sale of 100% shares of Ughelli Power Plc;
NCP also approved that Amperion Power Distribution Company Limited with a bid of USD$252,000,000 is the reserve bidder for the core investor sale of 100% shares of Ughelli Power Plc;
NCP approved that CMEC/EURAFRIC Energy JV Consortium with a bid of USD$201,000,000 is the preferred bidder for the core investor sale of 100% shares of Sapele Power Plc;
NCP approved that JBN-NESTOIL Power Services Ltd with a bid of USD$106,500,000 is the reserve bidder for the core investor sale of 100% shares of Sapele Power Plc; and
Given that Amperion is the preferred bidder for Geregu Power Plc, NCP also approved that Feniks Electricity Limited would be the reserve bidder for Ughelli Power Plc subject to their bid being revised to match the reserve price.
NewsDiary

Fayemi’s free education a deceit – Dayo Adeyeye

Governor Fayemi
Governor Fayemi
The campaign organisation of Prince Dayo Adeyeye, one of the Peoples Democratic Party (PDP) governorship aspirants in Ekiti State, Prince Adedayo Adeyeye Movement (PAAM) has described as deceit, claim by the State Governor, Mr. Kayode Fayemi that his government was offering free education in the State.
PAAM, which said education in Ekiti State was free before Fayemi became governor added that; “Fayemi should tell Ekiti people where all the textbooks provided free by the Segun Oni-led government are since students now pay for textbooks in the State.”
According to a statement issued by its Director General, Hon. Bisi Kolawole, PAAM said; “the Fayemi-led Action Congress of Nigeria (ACN) government in Ekiti State has for long deceived the public with its claim of free education and time has come for him to be told to stop the deceit.”
Kolawole, who said Junior Secondary School (JJS1) students in the State public schools are being made to pay N2,030 for English and Mathematics textbooks queried the whereabouts of the textbooks supplied by the immediate past PDP government, which were given to the students free.
The statement reads; “Today, in Ekiti, students are paying for textbooks that were given free before Fayemi became governor. Students are paying enrolment fees, buying their own furniture and instructional materials. Yet, Fayemi claimed that education is free in Ekiti State. Where is the free education?
“Where is free education in a state where government claimed to have provided 33,000 free laptops but no student has the so-called laptop?
“Where is free education in Ekiti where Fayemi publicly said no student in the State owned university, EKSU would pay more than N50,000 but students are now paying as much as N150,000?
“Most importantly, where are the textbooks and laptops supplied to the schools by the Segun Oni-led government? Where are the thousands of furniture supplied to the schools? Has it been so difficult for the Fayemi-led government to maintain the furniture provided by the Ekiti State Universal Basic Education Board (SUBEB) under the Oni’s government? Why are JJS1 students now being made to pay as much as N7,500 for furniture when students were no longer carrying furniture to school before Fayemi became governor?
“These are questions Fayemi and his men must answer instead of their shameless claim that they are offering free education in Ekiti State.
“Again, for clarity sake, before Fayemi became governor, only students of the 22 boarding schools in Ekiti State were paying N10.000 per term while no fee was paid in other schools (both primary and secondary)
“Apart from non-payment of tuition fees, free textbooks and free laptops were provided while WAEC and NECO fees were paid by the government.
“Therefore, Fayemi and his party should stop this their free education deceit because the people are no longer buying into it.”
LibertyReport

I will always be a PDP member – IBB

Chieftain of Nigeria’s ruling party, Peoples’ Democratic Party (PDP), General Ibrahim Babangida (rtd), has dismissed speculation that he intends to leave the party.
The former military president who spoke in Minna on Sunday after paying Sallah homage to Governor Muazu Babangida Aliyu at his Tunga residence, said the party was doing its best in improving the lives of the people.
Babangida added that plans by the opposition parties to merge in 2015 was normal in democracy, advising the party to remain focused on the task ahead.
On the issue of internal affairs of the PDP, IBB said “You cannot expect the party to remain the same after many year. Even if it was over 100 years there will always be room for improvements.”
“They (PDP) are doing fine. They have the structure of a political party and go out to seek for vote and be voted for. They are doing exactly what a political party is supposed to do.”
“That is what political parties are all about. They struggle for power. Whether it is a gang up or coming together, there is no cause for alarm.”
He urged public institutions and its officers to work harder in order to achieve a peaceful nation.
“The Federal Government, the governors, local government chairmen, councillors and the public have roles to play in ensuring the security of lives and property.”residence, said the party was doing its best in improving the lives of the people.
Babangida added that plans by the opposition parties to merge in 2015 was normal in democracy, advising the party to remain focused on the task ahead.
On the issue of internal affairs of the PDP, IBB said “You cannot expect the party to remain the same after many year. Even if it was over 100 years there will always be room for improvements.”
“They (PDP) are doing fine. They have the structure of a political party and go out to seek for vote and be voted for. They are doing exactly what a political party is supposed to do.”
“That is what political parties are all about. They struggle for power. Whether it is a gang up or coming together, there is no cause for alarm.”
He urged public institutions and its officers to work harder in order to achieve a peaceful nation.
“The Federal Government, the governors, local government chairmen, councillors and the public have roles to play in ensuring the security of lives and property.”
DailyPost

Taraba crash: Governor Suntai’s aides flown to National hospital, Abuja


More than 24 hours after the injured Governor of Taraba State,Daantata Suntai was flown out of the country to Germany for proper medical treatment,his three aides who were involved in the plane crash with him were on Sunday night transferred to the National Hospital, Abuja.
The Governor’s Aide de Camp (ADC), Dasat Illiya, who had reportedly been lying unconscious with a fractured leg at the specialist hospital in Yola, the Chief Security Officer (CSO) to the governor, Timo Dangana, who sources said has two fractures on both legs, and the Chief Detail to the Governor, Joel Dan, who has a fractured arm have all been taken to the National Hospital in Abuja.
DailyPost was informed that colleagues and families of the Governor’s aides were getting worried that the three officers needed more state attention than they were getting before now and hence called on the state government for its intervention.
The National Hospital spokesperson, Tayo Haastrup, confirmed that the trio are in the National hospital but said it was difficult to independently confirm the level of injuries sustained by the aides.
DailyPost

Obafemi Martins allegedly denies love child, abandons family members in Lagos


Nigerian footballer, Obafemi Akinwunmi Martins is said to be living large while his family languishes in poverty in Lagos, Nigeria. Sources revealed that the Super Eagles striker and Lavante Football Club point man has allegedly abandoned his family to the mercy of abject poverty.
Sources swore that after the former Inter Milan striker gained fame in 2004, he has virtually turned his back at his family members at Orile Aguda in Lagos. Martins allegedly dumped his family members soon after the death of his mother.
The sources disclosed that some of his family members have resorted to squatting with friends after their Orile family house was demolished by Fashola’s administration some years ago. Just recently, Martins bought two houses in VGC, Victoria Island, Lagos worth about N350million along with expensive cars.
Meanwhile, another source hinted that Martins has denied the child he got from a woman who stays in London. According to a reliable source, the lady named Katherine, had a child for Martins but the former Newcastle striker refused to accept the child from her.
Also, Martins’ late brother’s (Ladi) wife, Mariam, who had a baby for Ladi before his death, we learnt was never given any N5million as pay off as earlier reported in some sections of the media. Instead, it was alleged that Martins chased the poor woman out of his VGC home when she visited him (Martins).
Sources claimed that the woman was reportedly chased away by Martins with her pregnancy. As we further learnt, this has rendered the woman homeless as Martins allegedly sold Ladi’s house and Range Rover Sport.
Also another source said the late Ladi’s legal wife, Ugomma, who has two kids, is reportedly not living well in London where she works as a mortuary attendant.
It is expected that Martins will respond to these allegations soon and when that happens you’ll get his own side of the story.
 DailyPost

FCT Minister, Bala Mohammed in Sex Scandal; Romances Office Cleaner

..placed her on fct salary,bought her a bungalow
Senator Bala Mohammed, Federal Capital Territory minister, Abuja escapades has assumed another dimension and this is authoritative.
As a Senator of the Federal Republic of Nigeria, the FCT minister was allegedly dating the cleaner in his office at the National Assembly complex.
The cleaner a Plateau state born damsel is said to have fallen head in love with Senator Bala for his alleged genial dispositions towards his female staff. Upon his appointment as FCT Minister, senator Bala globalvillageextra learnt redeployed her to the ministry where the cleaner has fully been transformed into full fledge mistress. At the ministry the girl who was already engaged to an Adamawa born staff of the Power Holding Company of Nigeria,PHCN office Maraaba,on the outskirt of the FCT enjoys the attentions of politicians and civil servants who want the ear of the minister..
Globalvillageextra learnt that senator Bala who later became aware of her engagement to the Adamawa staff of PHCN pleaded with her to keep the relationship even as he was prepared to sponsor the marriage.
He kept to his promise bought her a House at the Federal Housing Estate Karu, bought her a car and sponsored her marriage to the Adamawa groom.
Not even after the marriage would senator Bala let go of the girl as the newly wedded couple appear to be enjoying lots of favors from the minster.
last week senator Bala was at the PHCN office, about 15 kilometer from FCT purportedly to drop the girl who he claimed is now her personal Assistant with her husband after an emergency work in his office on Saturday.
The visit by the minister had attracted the comment of other staff in the office.A source at the PHCN confided in globalvillageextra that the husband told them that even on weekends’ the minister would invite his wife to the office. But with money and connections the husband has remained obedient to his wife while the minister had some good time with his wife.
247UReports

How Awolowo committed suicide – By Abdulmumini Adeku



Twenty –three years after he suddenly was reported dead of natural cause and two years shy of his golden jubilee , facts are now emerging on the reasons that led to First and Second Republic political heavyweight ,Late Chief Obafemi Awolowo committing suicide
It was learned that he did it to stem the tide of a possible military court martial into an insurrection he was planning to lead alongside his political associates at the time when it became evident that then Military President ,General Ibrahim Babangida was intending staying in power forever.
In a no-hold barred interview with FS Online recently,a grass root politician ,Mr Adebayo Adeyinka who lives within the College Road at Ifako-Ijaiye axis in Ogba ,a suburb of Lagos, Nigeria was livid with rage when he learned that a key politician connected to the issue was denying the incident.
He revealed that Chief Awolowo wanted to lead some kind of guerilla warfare or militant campaign against the government of President Babangida so that he can be overthrown through a popular or people -led putsch.
According to him , the Elder Statesman summoned a meeting of his core loyalists over the issue and this was even filmed so as to strengthen the extent of commitment of each of the politician that attended the meeting..
He pointed out that however unknown to all of those who were privy to this meeting and clarion call , Chief Lateef Kayode Jakande ,Former Executive Governor of Lagos State had a different plan as he betrayed them to the military .He Said:’ But unknown to them , Chief Jakande was planning to betray them, he went to President Ibrahim Babangida and promptly showed him the tape
“Papa Awolowo was invited for a meeting with President Ibrahim Babangida who was then staying at Dodan Barracks which was the seat of power as at then and the truth of his clandestine meetings was revealed to him by the gap –toothed General
“He gave Papa some options and that was for him to be ready to face a court martial , be ready to go to a prison or better still go on exile
“At this stage Papa felt instead of allowing some ambitious khaki boy to mess him up he should just pack it in and call it a day ,so Chief Awolowo decide to commit suicide so as to save himself from the ignominy of going to prison for the second time in his lifetime .
“But before he did this he called his core loyalists for a meeting ,before then he had called up Late Chief Bola Ige [Cicero],since the latter had a very strong understanding of the Hausa Language having had his formative years as a young man in Kaduna but discovered that the late Esa-Oke strongman was innocent after he was interrogated by Papa
“He called others for enquiries while asking them to tender the video cassettes of the meeting they all attended to discuss the plans to topple President Babangida for examination ,at this juncture Chief Jakande developed a cold feet as he could not produce his own copy of the video which was freely distributed to all that was present at the meeting previously before the betrayal and that was how the cat was let out of the bag
“So he cursed him at this point and pointed out that he will never have any form of relevance politically as far as Nigeria was concerned and till today members of the Awolowo Dynasty avoids him like a plague.
“I was their when the letter he wrote to the family to beg them for forgiveness over the unfortunate incident was read in the presence of all present ,if he continues to deny I am ready to confront him publicly again on the same issue as I can even remember that elders asked him to go to the grave of the late sage to plead for forgiveness
“When he was questioned he lied that the National Security Organization now State Security Services had visited his house to check on him and in the process took the tape in question but” Awoists” knew that this was a very weak argument as he did not inform their political group of this development before their enquiry on the subject
“That was how Senator Abraham Adesanya assumed the leadership of the Awolowo camp of Yoruba politics after the demise of the man ,he was not even so close to Awolowo during his lifetime like Chief Jakande and that was why many called him Baba Kekere on account of this cosy relationship
“Before he gave up the ghost , he said his prayers and then took the poison which killed him almost immediately but the public was not fully aware as they were given a different account of what happened.
“We were simply told that he died while he was brushing his teeth in his bathroom at his Park Lane,Apapa residence here in Lagos
“He was stupendously wealthy during his lifetime, infact there is know company at Oba Akran in Ikeja ,Lagos where he does not have at least a five percent equity, Dideolu Court in Ogba alone cannot be valued at less than N10 Billion ,that was the place that he had in mind to be his Seat of power if he was elected as Nigeria’s President.
‘He owned Shonibare Estate but the man he was using as a front and who later went to prison over some issues which Awolowo himself was privy to eventually laid claim to the estate
“He got all of this wealth due to a great measure of goodwill and tax waivers he gave to investors whenever they come to establish their business.
“Anytime you buy a bottle of Coca-Cola you are enriching the Awolowo Dynasty ,go to Ijebu Ikenne and you will discover that the price of a bag cement there is different from other parts of the nation due to the subsidy that the citizens enjoy on account of Awolowo who was their son and I hope you know that West African Portland Cement is in Ewekoro and not Ikenne.
“On account of this great betrayal Awolowo family members regard the “Awoist” as a group people should deal with using a long spoon till this day and this explains why when The Peoples Democratic Party Government gave some of them political appointment lately they accepted it without thinking twice.
“Dr Tokunbo Awolowo-Dosunmu was made an Ambassador by Former President Olusegun Obasanjo while , Mr Segun Awolowo Jnr was given a plum job at the Federal Capital Territory in Abuja as a Secretary.
“Recently when Afenifere was disintegrating Mama out of concern for her husband’s legacies decided to call a truce because as she puts it then, she did not know what she was going to tell her husband the day they meet in heaven
“He made Sijuwade rich , because he was his business associate and in fact some of us held very strong views that he was one of his fronts and later the same man became the Ooni of Ife”he added
Mr Adebayo Adeyinka recalled his several years of following grass root politics right from the days of Action Group to the Unity Party of Nigerian era in the second republic but now lamented that he had since lost all interest in partisan politics due to the massive corruption in our polity.
He listed such blue chips like Dunlop Nigeria Plc ,Guinness Nigeria Plc, Neimeth Pharmaceutical Nigeria Plc ,May and Baker Nigeria Plc ,Vitafoam Nigeria Plc ,Wahum Nigeria Limited ,CAP Nigeria Plc , International Paints of West Africa [IPWA], Berger Paints Nigeria Plc ,Berec Nigeria Limited ,Kabelmetal, Nigeria Bottling Company Plc ,Leventis Nigera Plc ,West African Portland Cement Company,[Lafarge ],Wema Bank Nigeria Plc, Scoa Nigeria Plc ,CFAO Nigeria Plc, Cadbury Nigeria Plc ,Wemaboard Estates, Odu’A Group, Livestock Feeds Nigeria Plc , Nigerian Breweries Plc as places the Awolowo family have commercial interest to mention just a few.
Apart from this stocks analysts believe that the most visible of his investment ,The Nigerian Tribune Newspapers cannot be valued at less than N100billion today in terms of brand evaluation as Thisday Newspapers was valued by the Owner ,.Mr Nduka Obaigbena at N200 Billion recently during a media chart while celebrating his fiftieth birthday sometimes last year.
Late Chief Obafemi Awolowo was a leader who believed that the state should channel Nigeria’s resources into education and state –led infrastructural development.
At his own expense albeit controversially ,he introduced the free primary education for all of the Western Region ,he equally established the first television service in Africa in 1959 and expanded electrification projects in the region using the proceeds from the highly lucrative Cocoa export industry.
The Cocoa House in Ibadan regarded by many as one of the major landmarks of Nigeria’s architectural history was built as a result of his economic blueprint which was targeted towards the emancipation of his people from poverty
He built the first stadium in West Africa , the Liberty Stadium ,Ibadan and he coined the name “Naira “for Nigeria’s official currency ,it was previously called Nigerian Pounds.
During the 1970’s ,he was very critical of Nigeria’s military expenditure insisting that more should be spent on development
He ran a free health care programme for children up till the age of eighteen years .
On his death on the 9th of May,1987 as a mark of respect for his legacies ,The University Of Ile-Ife which ironically he helped to build as Premier of the Old Western Nigeria was re-named in his honour as part of a post humous celebration of his life and times.
His portraits adorn public places in Nigeria especially in his native Yoruba land where he is seen as an icon.
His picture also adorn Nigeria’s one hundred naira note.
He has been described surprisingly by some of his greatest critics and even political opponents as probably the Best President Nigeria never had.
He struck a chord with the womenfolk during his lifetime when in a rare show of public affection for his wife of several years, Chief Mrs Hannah Dideolu Awolowo told the world that the woman was his jewel of inestimable value.
How right or prophetic he was because his wife has continued to strengthen the mileage of the husband’s name even in death.
During an exclusive interview with FS Online at his Ilupeju home in Lagos last year, Chief Lateef Jakande upon being probed with questions over his relationship with Late Chief Obafemi Awolowo on account of what feelers were suggesting had denied that they had a bad relationship shortly before his death.He insisted that those that said that they had any problems between them prior to Chief Awolowo’s death were not been honest as they were all telling lies.
247UReports