By Egena Sunday Ode
Vice President Kashim Shettima has implored members of the National Council on Privatisation (NCP) to conduct all transactions with the highest regard for public interest, stressing the need for transparency, accountability, and legal due diligence in Nigeria’s privatisation process.
Specifically, he stressed the need for rigorous oversight on the transactions to prevent future legal proceedings and financial losses for the country, according to a statement by the Spokesman to the Vice President, Stanley Nkwocha.
The statement quoted the VP to have spoken on Wednesday during the 2nd NCP meeting for the year 2025 held at the Presidential Villa, Abuja, the Vice President said the Council had a legal and moral responsibility to protect the nation’s economic future.
“Our legal committee must ring fence every one of these transactions. We are almost always vulnerable to arbitration and being shortchanged. Every transaction must be subjected to microscopic scrutiny so that ten years down the line, we will not be called upon to offer explanations as to how we conducted the transaction,” he stated.
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