Senate's decision on privatisation, exercise in futility ' Ibrahim

The Group Managing Director, Global Fleet Group, Dr. Jimoh Ibrahim, has described the Senates recommendation that the Federal Government should revoke the sale of some public enterprises to private investors as an exercise in futility.Ibrahim said in a statement in Lagos that he did not buy the NICON Luxury Hotel, Abuja from the Senate and that the upper legislative body was not privy to the transaction with the Federal Government, adding that it lacked jurisdiction on such contractual matters.He said the Senates probe of the privatisation exercise by the Federal Government was unfortunate as it did not give fair hearing rights and was a violation of the countrys Constitution.He said, On our part, we have filed an action on the matter. It is only logical to follow the Supreme Courts decision in Ojukwu vs Lagos State Government on the doctrine of les pendis, as the Senate cannot coerce the President or the Executive to do otherwise in a matter that is before the court of law.To us, the Senate exercise is a waste of tax payers money, a voyage of discovery and an exercise in futility.Ibrahim added that the Senates decision was only advisory as it was not binding on the Executive.He advised the Federal Government not to derail the privatisation programme and commended the Bureau of Public Enterprise for doing a good job.
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