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Law firm refutes newspaper report on PHCN liquidation



A PHCN office

One of the Law firm that bidded for the award of Contract to offer Legal Advisory services to the Bureau of Public Enterprise (BPA) on the winding up of PHCN Plc, J-K Gadzama & Partners LLP, has refuted publication on a Newspaper which alleged that the contract did not follow due process.

In a statement signed by Chief Joe-Kyari Gadzama, he stated that sometime in June 2012, J-K Gadzama& Partners LLP, along with other Law Firms, bidded for the award of the contract to offer Legal Advisory Services to the BPE on the winding up of PHCN Plc. “Shortly after the transparent bidding process, J-K Gadzama & Partners LLP was shortlisted as the preferred bidder.

“And contrary to the said publications, the Federal Government of Nigeria, through the National Council on Privatisation (NCP), exercising its statutory powers at its 3rd meeting of 2013 held on May 9, 2013, approved the appointment of our Firm as consultants, for the provision of Legal Advisory Services for the winding up of PHCN Plc, in conformity with due process of the law”, the firm stated.

The statement also stated that the Attorney General of the Federation, whom the newspaper mentioned in their stories as kicking against the contract, was a member of the Council and was present at the meeting where the Contract was awarded, adding that Bureau of Public Procurement (BPP) issued certificate of ‘No Objection’ dated February 26, 2013 to the BPE for the award of the Contract.

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