The Transnational Corporation PLC on Monday received the post-privatisation discharge certificate, presented by Vice President Yemi Osinbajo.
The company made this known in a post shared on its Twitter page.
Sharing photos, the group said, “Today, we are pleased to receive the post-privatisation discharge certificate for Transcorp Power Ltd presented by Vice President, His Excellency: #ProfOsinbajo following the fulfilment of all privatization conditions.”
Osinbajo presented the discharge certificate to the Chairman of Transcorp Ughelli Power Limited – the core investor in the Ughelli Power Plant – Tony Elumelu.
The discharge comes one month after the National Council on Privatisation approved the recommendations of the Bureau of Public Enterprise that Ughelli Power Plc be delisted from routine monitoring, having satisfied its core post-acquisition requirements.