Court Halts Sale Of Nigeria's Power Stations

 
A Federal High Court in Abuja has stopped the Bureau of Public Enterprises (BPE) from   going ahead with the bidding process of three power stations.  The order was granted at the instance of one of the companies bidding for the stations, Ethiope Energy Limited.  After listening to Dr Alex Izinyon, SAN, counsel to Ethiope Energy Limited, Justice Abdul Kafarati in a short ruling for an order of injunction said, "It is apparent that the defendants have been served with the motion on notice and they fail to brief their counsel.   "An order of interim injunction is hereby granted against the 1st defendant from further going on with the bidding process of the power stations." 
The BPE began the sale of Aloaji, Amoku and Gbarain power stations on March 7, 2014.   However, Ethiope Energy Limited which claimed it also submitted bid for the power stations said it was excluded from the bidding process.  Not satisfied with its exclusion, Ethiope approached the court for an order to stop the BPE from further going ahead with the bidding process.   In the statement of claim filed through its counsel, Izinyon, Ethiope accused the Chairman of the Due Diligence Committee, Mr. Atedo Peterside as having enormous influence on the BPE

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Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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