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PHCN privatisation: Senate names 4 banks in N15bn scandal

Published by Blueprint on Wed, 12 Jan 2022


The Senate has named four banks where N14.7 billion proceeds from privatisation of defunct Power Holding Company of Nigeria was stacked by the Bureau of Public Enterprise. The Senate Public Accounts Committee, chaired by Senator Matthew Urhoghide, relied on the 2017 Auditor General's report to unravel the hidden fund in commercial banks on December 31, 2016, whereas the privatisation of Read More
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