We are not aware of plan to sell national assets to fund 2021 budget ― Senate

• Accuses BPE of lack of transparency, to review sale of Transcorp

The Senate has said it was in the dark about the federal government’s plan to sell certain national assets and concession some to fund 2021 budget.
Senator representing Abia central and Chairman Senate Committee on Privatisation, Theodore Orji,  dropped the hint on Monday while speaking with newsmen.
The  Director General,  Bureau of Public Enterprises, Alex Okoh had last week revealed that federal government would concession the Tafawa Balewa Square, the National Arts Theatre and the stadia across the country.
Okoh while revealing details of the 2021 budget of Bureau of Public Enterprises submitted to the Senate Committee on Privatization and Commercialization, said the federal government would also commercialize all the River Basin Development Authorities (RBDAs) and sell off  Nigeria Integrated Power Projects (NIPP), Omotosho, Geregu and Calabar to core investors.
Senator Orji, however, accused the DG,  BPE of excluding the Senate in its transactions in the sale of the national assets.
He alleged that Okoh has been deliberately avoiding communication with members of Senate Committee.
He said: “The position of the Senate Committee on Privatization is that we are not aware of the planned arrangement by the Bureau of Public Enterprises to either concession or put for outright sale, some national assets in the country in order to fund the 2021 federal budget.
“During the BPE budget defence before my committee,  I complained bitterly that the relationship between our committee and the BPE has not been very cordial due to the behaviour of the DG, BPE. This is a man that if we call him on phone, he would not answer and if we send him a text message, he would not reply. How then does he want us to communicate?
“There should be a synergy between the Senate or its Committee on Privatisation, and the BPE because that is the major parastatal that we oversight. I also believe that the Senate Committee on Privatisation should be carried along when most of the arrangement to either sell or concession our national assets are being made so that we would be aware.
“Let me assure Nigerians that there is no member of the Senate Committee on privatisation that knows about all these things except they read it on the pages of newspapers. We were never briefed by the management of the BPE. We were not there when the necessary documents were signed. We were never invited at all. When the DG, BPE came to defend his agency’s 2021 budget proposal before us, we asked him why he didn’t invite us at least as witnesses, he merely apologised.
“This is neither the first time nor the second time that such a thing would happen. When it happened the first time,  I accosted him and asked him why he prevented us from carrying out our statutory job. However, we felt this is the best time to open up so that tomorrow, Nigerians would not blame the senators of being part of the sale of our national assets,  we know nothing about the entire transactions as a committee.”
The former Abia State governor, however, maintained that his committee would not be discouraged to carry out its statutory oversight duty,  as he further revealed that it would investigate the sale of Public Enterprises by the BPE.
“We want to assure Nigerians that the committee will carry out its functions by summoning the DG, BPE. We would demand all the documents relating to the entire transactions. We would ascertain whether due process was followed. We would also look at the amount that the BPE put up the assets for either outright sale or concession. We would scrutinise the papers to see whether they are fair or ridiculous amounts because what Nigeria as a nation needs now, is money.
“I  am not against a situation whereby capable Nigerians buying the national assets so far they would show patriotism in handling it. However, what I am against is a situation whereby the assets would be sold to people who would not be capable of handling them. A good example is a situation we are experiencing with the paper mills.
“None of them is working again today because I don’t think the people who bought them are capable. If Nigerians who are capable of managing our national assets are interested,  let us sell to them at a reasonable price so that nobody would feel cheated.
“Apart from summoning the DG,  BPE, we are also going to pay a surprise oversight visit to ascertain the various locations of the assets being put up for sale or concession to ascertain their current state. We would go there for an on the spot assessment in company with consultants and we would send our own report to the appropriate quarters to compare and contrast.

“Apart from the latest national assets listed by the BPE to concession or sell in 2021,  our committee had also listed those that had been done in the past with a view to revisiting the entire transactions and the process adopted in putting them up for sale or concession. Some of them are the Transcorp Hilton, the power plants, and the assets in the oil and gas sector that had been concessioned.”


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