Business$9m Ibom Power Coy Not For Sale

$9m Ibom Power Coy Not For Sale

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The Akwa Ibom State Government has described reports to the effect that it has put up for sale state-owned Ibom Power Company, as false. The publci should disregard such misleading reports, the Governor Umo Eno-led government said.

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A local newspaper had reported that the state government was contemplating selling the power firm.

The magazine recalls that the power plant was built with a $9 million loan from Afreximbank .

Reacting to the report, the state Commissioner for Information, Aniekan Umanah, in a statement issued on Thursday said there was no plan to sell the power plant, saying the claim only exist in the imaginations of those peddling the report.

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The report is a fabrication, false and malicious, the state government said.

Umanah: “The attention of the Akwa Ibom State Government has been drawn to a publication by a Uyo-based tabloid, Guide Newspaper, containing false, malicious and wholly unfounded allegations regarding the status of Ibom Power Company and the intentions of the administration of His Excellency, Pastor Umo Eno, concerning the company.

“We wish to state unequivocally that the said publication is a wicked fabrication and should be dismissed in its entirety by the public.

“At no time has the government approved the sale of Ibom Power Company, whether as scrap or otherwise. Such a claim exists only in the imagination of mischief-makers intent on misleading the public and undermining the state government’s ongoing sector reform efforts.”

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