FG Set to Sell Electricity Generating Companies to Otedola, Tony Elumelu, 3 others

Of the five firms that emerged bid winners on Tuesday for five electricity generation companies owned by the country put up for sale, two are headed by businessman Femi Otedola and Tony Elumelu, former head of UBA. The bid winners are Transnational Corporation of Nigeria (Plc), Amperion Consortium, CMEC/Eurafric Energy Consortium, Mainstream Energy Solutions Limited and North-South Power Company Limited.
At the proceedings of the bidding which was conducted in Abuja by the National Council on Privatization, Transcorp emerged the preferred bidder for the Ugheli thermal power plant with an offer of $300m to beat its closest rival, Amperion, which offered $252m.The former Managing Director, United Bank for Africa Plc, Mr. Tony Elumelu, is the chairman of Transcorp, with his Heirs Holdings having substantial equity in the conglomerate.
Also, Amperion Consortium, with $132m, won the bid for the 414 megawatts Geregu power plant, though it initially offered $128.52m as the sole bidder for the plant. Amperion is made up of Israeli-based BSG Resource Limited, State Grid Corporation of China and Forte Oil Plc, in which billionaire businessman, Mr. Femi Otedola, is the major stakeholder.

Meanwhile, the Chairman, Technical Committee, National Council on Privatisation (NCP), Mr. Atedo Peterside, who supervised the opening of the bids for the generation companies also said “The privatisation of the distribution companies is also on track and so we should reassemble here on October 16 for the commercial bids opening for the Discos.”

FG Set to Sell Electricity Generating Companies to Otedola, Tony Elumelu, 3 others

Of the five firms that emerged bid winners on Tuesday for five electricity generation companies owned by the country put up for sale, two are headed by businessman Femi Otedola and Tony Elumelu, former head of UBA. The bid winners are Transnational Corporation of Nigeria (Plc), Amperion Consortium, CMEC/Eurafric Energy Consortium, Mainstream Energy Solutions Limited and North-South Power Company Limited.
At the proceedings of the bidding which was conducted in Abuja by the National Council on Privatization, Transcorp emerged the preferred bidder for the Ugheli thermal power plant with an offer of $300m to beat its closest rival, Amperion, which offered $252m.The former Managing Director, United Bank for Africa Plc, Mr. Tony Elumelu, is the chairman of Transcorp, with his Heirs Holdings having substantial equity in the conglomerate.
Also, Amperion Consortium, with $132m, won the bid for the 414 megawatts Geregu power plant, though it initially offered $128.52m as the sole bidder for the plant. Amperion is made up of Israeli-based BSG Resource Limited, State Grid Corporation of China and Forte Oil Plc, in which billionaire businessman, Mr. Femi Otedola, is the major stakeholder.

Meanwhile, the Chairman, Technical Committee, National Council on Privatisation (NCP), Mr. Atedo Peterside, who supervised the opening of the bids for the generation companies also said “The privatisation of the distribution companies is also on track and so we should reassemble here on October 16 for the commercial bids opening for the Discos.”

Photo of the Day

Who has the sexiest bumbum?
oya fans of EPL make ur choice
JERSEY NUMBER 2: I LIKE

Photo of the Day

Who has the sexiest bumbum?
oya fans of EPL make ur choice
JERSEY NUMBER 2: I LIKE

[Pics] 46 Years Old Married Man Caught Having Sex with a Sheep in Ebonyi

hehehehe another Magun
Read after the cut

One Kelechi Nnali, a 46-year-old man from Nkpogoro, Ndibe in Afikpo North Local Government Area of Ebonyi State has been allegedly caught having sexual intercourse with a sheep along the roadside in the community over the weekend. Nnali, who is married with two wives and children, was reported to have pleaded with the boy who saw him committing the crime not to tell anybody, promising that he would give him N10, 000 and a handset. However, Nnali had reneged on his promise and the cat was let out of the bag.

Hearing of the act of bestiality committed by Mr. Nwali, the elders of the community reported to have summoned him to answer to the allegation; the matter was subsequently taken to Ogo Ezinwachi Play ground where delicate and public matter are usually discussed.

Mr. Nnali was eventually sanctioned according to the law of the land and the elders, who were visibly angry with the depraved act, stressed that the man had committed an abomination in the land and must pay the price according to the law of the land. Also, it was gathered that to cleanse the land of the abominable act, elderly women of Ndibe had last weekend performed a traditional ablution called Npkompko in Mr. Nnali’s compound.

Meanwhile, Nnali was reported to have fled the community for fear of being lynched by irate youths of the area.

Source: Vanguard

Man caught selling vultures as roasted chicken in Port Harcourt

If you live in Port Harcourt and you've ever bought roasted chicken from this man pictured above, now would be a good time to go wash your head in a river...haha! This hausa 'chicken' seller was caught trapping vultures in Onne, Port Harcourt, roasting and selling them as suya meat to unsuspecting buyers.

He said he started out selling real chicken but when it became too expensive, he started trapping vultures and selling to his customers as chicken. Vulture meat? Ewwwwww!