BPE illegally sold FG’s shares ...in Eleme Petrochemical

Started by DT, Aug 13, 2011, 03:02 AM

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DT

Aug 13, 2011, 03:02 AM
The Bureau of Public Enterprises (BPE) illegally sold Federal Government's 5 percent equity shares in Eleme Petro-Chemical Company Limited (EPCL) Port Harcourt to the Indian conglomerate Indorama for N4.375 billion naira, the Senate ad-hoc committee investigating the government's privatisation and commercialization program since 1999 heard yesterday.

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