FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE - Politics (2) - Nairaland
Nairaland Forum › Nairaland General › Politics › FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE (24280 Views)
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Alexlalax1(m): 8:42pm On Jan 13, 2024 |
[quote author= post=127927265]Anything to move our Darling country forward is all we want at MANNA. We wonder why this is going under the radar. We simply like how FG is systematically dealing with DISCOs First off, the Power of Attorney has been withdrawn from BPE and given to MOFI, under the direct supervision of the ministry of finance. This has made MOFI the highest shareholder on behalf of the government. By virtue of it power, the CEO of MOFI has sacked the directors of DISCOs and asked for the audited financial accounts for the last 3 years. There is also the recapitalization idea the FG is dangling. The point of the story is, whether through recapitalization wahala or financial impropriety of their books, the end game is the withdrawal of the licenses of DISCOs by FG with the possibility of selling them off Interesting days ahead 😊😊😊....OPE. Another breaking news below.... As e dey hot. Jagaban doing things... (Someone should create a thread on it biko, We are on Barbecue Duty now.) God bless Nigeria 🇳🇬[/quote]Always talking jargon.....mtshew 1 Like 1 Share |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Houseontherock1: 8:42pm On Jan 13, 2024 |
Will there be better power supply? Been on solar for days now  |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by agabusta: 8:43pm On Jan 13, 2024 |
Ministry of Finance Incorporated (MOFI) Wetin be this?? 3 Likes 2 Shares |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by edungene7: 8:43pm On Jan 13, 2024 |
Mass looting continua turning Nigeria to the poverty capital of the world is the goal APC!!! from top to buttom |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by delejoye: 8:44pm On Jan 13, 2024 |
This should have been a finance matter in the first place. How do harness your finance options as a country when some of your major equities are out of the ministry of fiance control and put in trust under another ministry not related to finance. 3 Likes 1 Share |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Yankee101: 8:44pm On Jan 13, 2024 |
Wale Edu Tinubu’s boy And they want to sell kaduna power holding Guess who will likely be buying it without any hindrance Tinubu is the same as the average Nigerian politician Thieves 2 Likes |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Okoroawusa: 8:46pm On Jan 13, 2024 |
I Love Bola Ahmed Tinubu 3 Likes 2 Shares |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Emman08: 8:52pm On Jan 13, 2024 |
MrProlific95:Exactly! hat's the number ONE performance indicator. Does it translate to more hours of light for customers?? |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by fabolouz1(m): 8:53pm On Jan 13, 2024 |
Was this what was encumbering stable power supply ? It's an anomaly that billions of dollars have been sunk into the power sector in the last two decade but little improvement witnessed. 1 Like |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Jamie248: 8:54pm On Jan 13, 2024 |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by soccerlite: 8:56pm On Jan 13, 2024 |
What will it bring about in the functioning of the disco |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by siant: 8:58pm On Jan 13, 2024 |
amikeem:All the DISCO power lines to the office of the Attorney general through BPE, have been removed by FG, and has been directed to the public by MOFI 24 hrs light is now guaranteed |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by COMPAQ(m): 8:59pm On Jan 13, 2024 |
Enemyofpeace:And why shouldn't they? Can you compare the status of the murtala Muhammad International Airport which is managed by the government to mm2 which is privately managed? Mm2 has maintained its quality for over 10 years it's been privately managed, meanwhile if not for terminal 2 at mmia it would have been a disaster. 2 Likes |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by naija4life247: 9:02pm On Jan 13, 2024 |
Jagaban Borgu the City Boy Extraordinaire |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Lifemanage: 9:03pm On Jan 13, 2024 |
RepoMan007:This Wale Edun grammar too much? No effect or changes of improvement to the economy |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Winning123: 9:08pm On Jan 13, 2024 |
MichaelSokoto:To your life I guess! |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Obiedun(m): 9:10pm On Jan 13, 2024 |
MrProlific95:Depending on where you live. Where I live, power is stable. (Ikeja electric) The issue is the high tarrif |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by jaxxy(m): 9:14pm On Jan 13, 2024 |
They can't fix the economy bt want to fix power? ok then. |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by oyebanji(m): 9:16pm On Jan 13, 2024 |
How does 40% ownership translate to majority shareholding? [quote author= post=127927265]Anything to move our Darling country forward is all we want at MANNA. We wonder why this is going under the radar. We simply like how FG is systematically dealing with DISCOs First off, the Power of Attorney has been withdrawn from BPE and given to MOFI, under the direct supervision of the ministry of finance. This has made MOFI the highest shareholder on behalf of the government. By virtue of it power, the CEO of MOFI has sacked the directors of DISCOs and asked for the audited financial accounts for the last 3 years. There is also the recapitalization idea the FG is dangling. The point of the story is, whether through recapitalization wahala or financial impropriety of their books, the end game is the withdrawal of the licenses of DISCOs by FG with the possibility of selling them off Interesting days ahead 😊😊😊....OPE. Another breaking news below.... As e dey hot. Jagaban doing things... (Someone should create a thread on it biko, We are on Barbecue Duty now...Business first before politics 😉 ) God bless Nigeria 🇳🇬[/quote] |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Paraman: 9:20pm On Jan 13, 2024 |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by ThiagoKid(m): 9:22pm On Jan 13, 2024 |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Ironbull: 9:22pm On Jan 13, 2024 |
hardayemmie:Yes all needs to bee fixed bro. 1 Like |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by nedekid: 9:24pm On Jan 13, 2024 |
MrProlific95:Abi, light has not flashed in my zone for 4 days, blowing 300l of diesel every 2 days running an 80kva generator. |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by pikechukwu6(m): 9:28pm On Jan 13, 2024 |
Abeg who?understand the grammar should explain to us  1 Like |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by nedekid: 9:29pm On Jan 13, 2024 |
Obiedun:Ikeja electric tarrif high? Lol I had to disconnect from my neighborhood intra electricity which cost over about 110 to 120 per unit to the local Ikeja electric. Now it is as if the electric is free. We can blow all the acs, freezers etc. Before who born persin to try am. 10k na 2 days if we on just bedroom Ac and 1 fridge. The only advantage is that it is 24 hrs light. 1 Like |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Kukutente23: 9:31pm On Jan 13, 2024 |
RepoMan007:It's not change of ownership Don't mind leadership newspaper and the Op I nor know how this take concern us |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by saintruky(m): 9:31pm On Jan 13, 2024 |
MrProlific95:I love u lol |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Kukutente23: 9:32pm On Jan 13, 2024 |
nedekid:What are you using 80kVA gen for? Are you living in a factory? 1 Like |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Tunjikam(m): 9:35pm On Jan 13, 2024 |
If you can't comprehend or digest these write up, dude go back to school and or if financial statements is not your field ask your friends in the field to interpret it for you. This is the best option so far. Kudos to BAT. 1 Like |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Kukutente23: 9:37pm On Jan 13, 2024 |
hardayemmie:How is he not here to play Zombies don't understand a thing yet they still lick ass Despicable lots 1 Like 1 Share |
| Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by Kukutente23: 9:38pm On Jan 13, 2024 |
Tunjikam:How is it the best option Enlighten us And why do you think kudos should go to BAT 3 Likes |
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