{"id":441283,"date":"2011-06-14T23:51:02","date_gmt":"2011-06-14T23:51:02","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/06\/14\/nitel-bpe-to-consider-other-options-if%e2%80%a6\/"},"modified":"2011-06-14T23:51:02","modified_gmt":"2011-06-14T23:51:02","slug":"nitel-bpe-to-consider-other-options-if","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/06\/14\/nitel-bpe-to-consider-other-options-if\/","title":{"rendered":"NITEL: BPE to consider other options, if\u2026"},"content":{"rendered":"
\n

BY FAVOUR NNABUGWU<\/strong><\/p>\n

ABUJA \u2013 There are indications that the Bureau of Public Enterprises, BPE, might consider other options open to it if the $105million bid security expected from the reserved bidder for Nigerian Telecommunications Limited, NITEL, Omen International Consortium, is not credited to the bureau\u2019s account unfailingly today.<\/p>\n

Mrs Bolanle Onagoruwa, BPE Director-General, said yesterday that Omen International, after several extensions, wrote to the bureau on June 10, 2011, indicating that the $105million bid security would be credited to BPE\u2019s account today.<\/p>\n

At the financial bid opening held by BPE on February 16, 2010, First Generation Consortium had emerged the preferred bidder with an offer of $2.5bn, while Omen International Consortium emerged the reserved bidder with an offer of $956m and the reserved bidder is expected to pay 30 percent bid security.<\/p>\n

She said: \u201cAfter the preferred bidder, New Generation Consortium failed to pay, in spite of several extensions, we went to the reserved bidder and BPE requested them to pay the bid security of $105million and they also asked for extensions, reason which they hinged on the country\u2019s election.\u201d<\/p>\n

Onagoruwa explained that Omen International Consortium said \u201ctheir financiers were worried about the stability of Nigerian government and wished to wait after the elections before payment\u00a0 could be made, and requested we give them up to June 10, 2011, to pay.\u201d<\/p>\n

The BPE DG further explained that on June 10, 2011, \u201cwe received a letter from Omen International Consortium that the $105million had been transferred to BPE\u2018s account that we gave them and that the money would be credited to the bureau account by Wednesday (today).<\/p>\n<\/div>\n

Comments are moderated. Please keep them clean and brief.<\/p>\n<\/p>\n

Excerpt from:
\nNITEL: BPE to consider other options, if\u2026<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

BY FAVOUR NNABUGWU ABUJA \u2013 There are indications that the Bureau of Public Enterprises, BPE, might consider other options open to it if the $105million bid security expected from the reserved bidder for Nigerian Telecommunications Limited, NITEL, Omen International Consortium, is not credited to the bureau\u2019s account unfailingly today. Mrs Bolanle Onagoruwa, BPE Director-General, said yesterday that Omen International, after several extensions, wrote to the bureau on June 10, 2011, indicating that the $105million bid security would be credited to BPE\u2019s account today. At the financial bid opening held by BPE on February 16, 2010, First Generation Consortium had emerged the preferred bidder with an offer of $2.5bn, while Omen International Consortium emerged the reserved bidder with an offer of $956m and the reserved bidder is expected to pay 30 percent bid security<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-441283","post","type-post","status-publish","format-standard"],"yoast_head":"\nNITEL: BPE to consider other options, if\u2026 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/06\/14\/nitel-bpe-to-consider-other-options-if\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NITEL: BPE to consider other options, if\u2026 - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"BY FAVOUR NNABUGWU ABUJA \u2013 There are indications that the Bureau of Public Enterprises, BPE, might consider other options open to it if the $105million bid security expected from the reserved bidder for Nigerian Telecommunications Limited, NITEL, Omen International Consortium, is not credited to the bureau\u2019s account unfailingly today. 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