BPE DG pledges to ensure privatised enterprises live up to agreements

Director-General, Bureau of Public Enterprises (BPE), Alex Okoh

The new Director-General, Bureau of Public Enterprises (BPE), Alex Okoh, has pledged to step up post-privatization monitoring activities of the bureau to ensure that owners of privatised enterprises live up to the terms they signed.

A statement by BPE on Sunday in Abuja, stated that the director general said this during the official handover by the former acting Director General, Vincent Akpotaire.

It said that the enhanced post-privatisation monitoring  would ensure that Nigerians derived maximum benefits from the enterprises.

Okoh said that his administration would work to sustain the positive image of the bureau and strive to change the negative perception by some people about the BPE in the execution of its mandate.

He, however, said that what was required of the staff was dedication to duty to achieve the desired goal.

He thanked the former acting director-general for successfully piloting the affairs of the bureau in the last 14 months and called for synergy during the transition period.

Okoh was appointed by the Federal Government on April 13.

Earlier, Akpotaire, while handing over said due to his successor’s background as a seasoned administrator, the management and staff were confident that he would succeed in his new assignment and give the bureau a new lease of life.

Members of the BPE management team pledged to cooperate with the new director general to take the bureau to greater heights.

Before his appointment by the Federal Government, Okoh was the Managing Partner of Ashford and McGuire Consulting Ltd.

According to the statement, he is currently a member of the Presidential Economic Advisory Council.

He has 32 years working experience, of which 22 were in the banking industry where his responsibilities involved general management, leadership and organisational development.

In his banking career, he functioned in a variety of roles, including corporate banking, operations and treasury, often leading projects, initiating and designing processes.

He was the Managing Director/CEO of NNB International Bank Plc from 2001 to 2006 where his leadership took the bank from a comatose state to a position of enhanced value for stakeholders.

He is a graduate of Harvard Business School’s Advanced Management Programme and has acquired international working exposure through programmes with Citibank New York, Fidelity Bank London, Swiss Banking Corporation, Zurich and Grindlays Bank, Zimbabwe.

His former employers include Nigeria International Bank Limited (Citibank) and United Bank for Africa Plc.

He studied Sociology at the University of Benin and holds a Master’s degree in Banking and Finance from the University of Ibadan.  

Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.