The federal government will realise the sum of N105 billion from the privatisation of
According to him, the deal will be sealed at the Villa. He said that despite the COVID-19 pandemic, the BPE remained active. Meanwhile the Bureau stated that reports that it doverted N2.5 billion from the proceeds of the
It clarified:
"On
"Subsequently, the Bureau made a placement in the sum of N2.5 billion in the account to facilitate access to cheap finance for the Bureau's staff housing scheme but the staff were not able to access the money.
"Following the Federal Government's directive on
"As a result, on
Property swap valued at N1.52 billion: Under this arrangement, ownership of some completed properties that are ready for sale will be ceded to the Bureau in partial satisfaction of the stranded deposits; and
Cash repayment of N1.25 billion: This entailed a bullet transfer of N70million per month until the amount was extinguished.
"Despite the arrangement,
"It should be noted that some of the ASL properties that are habitable have been sold and the money received, paid into government treasury.
Vanguard
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