Banks across the country have expressed their readiness to mobilise funds for bid winners of the unbundled PHCN companies to enable them pay up the 75 per cent balance of their bid values.
Managing Director of Zenith Bank Plc, Mr Godwin Emefiole, who made this known after the 313th Bankers’ Committee Meeting in Abuja, yesterday, said that banks were already in talks with investors in the power companies in the bid to facilitate access to funds to meet up outstanding payment of their bid values.
“I want to assure you that the banks are ready and are already discussing with some of the companies that are involved in this privatisation process and we will certainly give support to these institutions. We are aware that they would be making their balance 75 per cent payments in August and some of the banks are talking with them to ensure that they are able to meet these obligations,” Emefiole stated
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