PHCN assets: NELMCO saves N92bn for FG

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Gets BPSR’s excellent award

PHCN assets: NELMCO saves N92bn for FG

By Chris Ochayi – Abuja

The Nigeria Electricity Liability Management Company, NELMCO, announced yesterday that it has saved a total sum of N92 billion for Federal Government from its diligent negotiations of PHCN liabilities existing before the 2013 power privatization.

Managing Director of NELMCO, Mr. Nathaniel Adebayo Fagbemi, who disclosed this at the Company’s headquarters in Abuja, during the presentation of the report of the Bureau of Public Service Reforms, BPSR, Self Assessment Tool, SAT, said, the amount was saved through triangular verification model which he put in place.

Meanwhile, the Bureau of Public Service Reforms, BPSR, has bestowed the Managing Director of NELMCO, Mr. Adebayo Fagbemi with an award of excellence for exceeding expectations in essential areas of responsibilities.

The Director-General of BPSR, Dr. D.I. Arabi, who presented the report, said, “We are pleased to award a Gold level award –a public service agency…



Source: Vanguard Newspaper