The National Council on Privatization (NCP) and the governing board of the Niger Delta Power Holding Company (NDPHC) have approved Friday for the opening of the financial bids of the 42 pre-qualified bidders out of 66 bidding consortia for the 80 percent equity in the 10 National Integrated Power Project (NIPP) power plants. The NCP, rising from its third joint meeting on February 28 had directed that the bids be opened on the scheduled date in keeping with the published timeline for the transaction. The joint meeting, which was chaired by Vice President Mohammed Namadi Sambo affirmed that 42 bidders which had been pre-qualified met the criteria set forth in the requests for proposal (RFP) and passed the due diligence verification conducted on technically qualified bidders. The NIPP Privatization is a joint transaction between the NCP and the Governing Board of NDPHC. The 10 plants are jointly owned by the three tiers of government; local, state and federal governments with the Federal Government contributing 47 percent equity stake and the local and state governments with the remaining 53 percent equity.
An Abeokuta Customary Court on Thursday dissolved a five- year-old marriage between Pastor Samuel Oniyide, 42, and his wife, Kabirat, saying it was obvious they no longer loved each other. The pastor had asked the court to dissolve the marriage, accusing his wife of disrespectfulness and infidelity; claims which the respondent denied. Despite the denial, however, the respondent consented to the dissolution of the marriage, saying she was tired of the union. Dissolving the marriage, the President of the Court, Olalekan Akande said it was obvious that love no longer existed between the couple. He, however, said that the welfare of the two female children of the couple was of importance to the court. Akande granted custody of the children to Kabirat and ordered the pastor to pay N5,000 monthly for the children's upkeep. Earlier, the pastor had told the court that the marriage produced two female children aged five and two. He said that his wife was a trouble maker and was always jealo...
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