God is Good Motors

ABC OF DELTA LINE DIVESTMENT: N161m BIDDED, N400M LIABILITY, COMPANY VALUE N700M, NEW EQUITY HOLDING 60/40

August 30, 2017August 31, 2017 Amurun KelvinLeave a Comment

The Chief Press Secretary to Governor Ifeanyi Okowa, Mr. Charles Aniagwu has said that the state government is to divest from the Delta Line Transportation Company for efficiency, profitability and effective service delivery. Charles Aniagwu said during an interactive session with NUJ Warri Correspondents that the state government decided to adopt a Public Private Partnership […]

MIXED REACTIONS OVER SALES OF DELTA LINE TO OKOWA’S ASSOCIATE FOR N161m INSTEAD OF N2B OFFERED BY NLC

August 28, 2017 Amurun KelvinLeave a Comment

The Delta State Government has explained its decision to sell part of its equity stake in Delta Transport Services Limited, saying that the company failed to be commercially viable. Because of its nonviable nature, the state government was injecting capital into the company from time to time as a way of support because of its […]