BPE Debunks Rumors Concerning the Selling of TCN

  • BPE claims the rumours to be false.
  • BPE admonishes everyone to disregard the misinformation.

The Bureau of Public Enterprises (BPE) debunks media reports that the federal government was planning to sell the Transmission Company of Nigeria (TCN).

In a statement in Abuja, the Head of Public Communications of the agency, Mr Chidi Ibe, claimed that the publication was from crafty workers planning to create industrial chaos in the sector.

BPE’s statement read part, “The attention of the Bureau of Public Enterprises (BPE) has been drawn to a news publication alleging that “the Federal Government is currently gearing up to put the Transmission Company of Nigeria, up for Sale.”

The agency said, “None of these documents envisaged the privatization of TCN, and that was why a Management Contract was put in place to reorganize and optimize the operations of TCN during the 2013 privatization exercise.

“The Federal Government has not changed its policy nor amended the EPSRA as it relates to TCN.”

The Bureau admonished electricity sector workers and the general public to disregard what it described as a “false publication”.

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