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Court stops BPE from selling power stations

An Abuja Federal High Court has stopped the Bureau of Public Enterprises from going ahead with the bidding process for the privatisation of three power stations pending the determination of a suit filed against the exercise.

Following the commencement of the sale of Aloaji, Amoku and Gbarain power stations on March 7, 2014, a company, Ethiope Energy Limited, which also bidded for the power stations, approached the court to challenge its exclusion.

The firm asked the court for an order to stop the BPE from going ahead with the bidding process.

In the statement of claim filed through its counsel, Dr. Alex Izinyon, SAN, Ethiope accused the Chairman of the Due Diligence Committee, Mr. Atedo Peterside, of having undue influence on the BPE.

The company said that Peterside had been having a running battle with its Chairman, Chief Johnson Arumemi.

Accusing BPE of bias, prejudice and conflict of interest, the plaintiff said Peterside should have excused himself completely from the exercise due to the litigation he instituted against its chairman.

Other defendants in the suit are Niger Delta Power Holding Company Limited and the Attorney General of the Federation.

When the matter came up before Justice Abdul Kafarati on Monday, Ethiope, through its lawyer, Izinyon, asked the court to stop BPE from going ahead with the bidding process pending the hearing and determination of the suit.

Justice Kafarati  adjourned the matter to March 25 for continuation of hearing.

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