The Bauchi State government has defended its decision to sell six state-owned moribund companies, IgbereTV reports
The state government on Tuesday announced the leasing of Zaranda Hotel and Wikki Hotel at the sum of N1.2 billion and N200 million respectively for a period of 25 years.
The government also planned to lease Bauchi Fertiliser and Blending Plant at N400 million and Bauchi Meat Factory for N301 million.
Others are the Bauchi Furniture Company (N150 million) and Galambi Cattle Ranch (N150 million).
The All Progressives Congress (APC) on Friday questioned the government’s decision to private the firms and asked the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and other Related Offences Commission (ICPC) to stop the transaction.
The party, therefore, issued a two-week ultimatum to the government to drop the decision or face legal action
