The National Council on Privatisation has approved the financial bid opening for transaction advisers for the partial privatisation of the three Development Finance Institutions in the country.
The Head of Public Communications, Bureau of Public Enterprises, Mr. Chigbo Anichebe, said this in a statement made available to our correspondent in Abuja on Thursday.
The DFIs are the Bank of Agriculture, Bank of Industry and Nigeria Commodity Exchange (formerly Abuja Securities & Commodity Exchange).
Anichebe said the NCP at its last meeting directed the BPE to immediately invite the pre-qualified bidders that met the benchmark scores of 75 per cent in the evaluation to proceed to the financial bid opening stage.
For the BoA, the BPE was directed to invite Banca Leonardo Consortium (Germany), Barclays Consortium (Nigeria), CPCS Consortium (Barbados) and PWC Consortium (Nigeria) for the financial bid opening after which the contract should be awarded to any of the consortia adjudged to have made the best offer on quality and cost-based selection guidelines of the World Bank.
Similarly, the council directed the BPE to invite CPCS Consortium (Barbados), BDO Consortium (United Kingdom) and Barclays (South Africa), which emerged the pre-qualified bidders for BoI, to participate in the financial bid opening and the company with the best offer on quality and cost-based selection guidelines of the World Bank awarded the contract.
For the NCX, Banca Leonardo Consortium (Germany), United Capital Consortium (Nigeria), CPCS Transcom Consortium (Barbados) and BGL Consortium (Nigeria) are to participate in the financial bid opening and at the end, the company adjudged to have made the best offer on quality and cost-based selection guidelines of the World Bank is to be awarded the contract.
The NCP, chaired by Vice-President Namadi Sambo, had at its meeting of December 18, 2014 considered recommendations made by its technical committee and approved the report of the evaluation of the EOIs for the proposed engagement of transaction advisers for the three firms.
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