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PRIVATISATION: BPE to work with EFCC to ensure transparency



PRIVATISATION: BPE to work with EFCC to ensure transparency

In a bid to ensure that there is transparency in the process of selling off national assets to the private sector, the Bureau of Public Enterprises (BPE) has said that it would work with the Economic and Financial Crimes Commission (EFCC).

Director General of BPE, Mr Alex Okoh, stated this during a courtesy visit to the Acting Chairman of the EFCC, Mr Ibrahim Magu.

According to a statement by the Head, Public Communications of BPE, Amina Othman, on Wednesday, Okoh commended the EFCC for its recorded achievements over the years especially in the sanitisation of the nation’s economy which he said had increased investors’ confidence.

The BPE boss, decorated by Magu as an Anti-Corruption Ambassador during the visit, said that he was at the commission to solicit the EFCC’s support in ensuring that the activities of the privatisation agency are better monitored.

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He said: “The EFCC has provided a platform and atmosphere that has enhanced comfort and confidence in the investors who we directly deal with on a regular basis, the kind of comfort to engage and invest in this economy. The BPE is an agency of government that is mandated to provide sector and enterprise reforms as they relate to government and state owned enterprises.”

In his response, Magu expressed the commission’s readiness to partner with the BPE in all its transactions, assuring Okoh that the commission was ready to carry out due diligence on any entity that shows interest in the purchase of government assets in order to prevent corrupt elements from using the privatisation process as a means of laundering illegally acquired funds.

Magu said: “We will be willing to support you against any threat that will discourage investors from coming into the country and in order to achieve this, I think we need to establish a common desk for a seamless synergy”, Magu said.

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