BPE commends SAHCOL on monumental achievements

Managing Director/CEO SAHCOL, Rizwan Kadri (L) leading the Director General, BPE, Alex Okoh (R) on tour of SAHCOL facilities.

By Gboyega Oni
The Director General of the Bureau of Public Enterprises (BPE), Alex Okoh has expressed satisfaction with progress Skyway Aviation Handling Company Limited (SAHCOL) has achieved, saying this has justified the principles of privatization.
This development was contained in a statement made available to PortNews in Lagos by Basil Agboarumi, General Manager, Corporate Communications & IT, SAHCOL on the visit of Okoh to the organisation.

Okon, who was received by the Managing Director of SAHCOL, Rizwan Kadri, said the visit was part of the bureau post privatization monitoring program and revealed that SAHCOL is one of their success story so far, which he would want to understand the dynamics behind the success and be able to replicate it in BPE’s future privatization and transactions.
After the physical inspection of SAHCOL facilities, Alex Okoh revealed that the initial briefing he had was that the SAHCOL facilities were ‘world class’ and that he was not expecting much as the term was usually used loosely, but what he saw after the inspection truly matches the description of “world class”, hence, quite pleased.
The Director General divulged that the purpose of the visit was to applaud SAHCOL for a job well done so far, and to seek whether it is ripe to give SAHCOL a clean bill of health, to present a discharge certificate to the company, so as to be completely off the monitoring of BPE.
According to him, “essentially we want you to know that we are quite pleased with the progress SAHCOL has made so far, which goes to justify the principles of privatization.”
He said Nigerian Airways was one of the enterprise that was identified to be privatized, while others cuts across various sectors. Incidentally, SAHCOL was one of the subsidiaries of Nigeria Airways that was slated for privatization, and this was because of the realization that ground handling as an aviation services will be best managed by private sector led initiative.

‘L-R, Managing Director/CEO, SAHCOL, Rizwan Kadri; Adedoyin Adeniji, Company Secretary/Legal Adviser, SAHCOL; Alex Okoh, Director General, BPE; Boma Ukwunna, General Manager, Cargo Services, SAHCOL; & Baba Mohammed, Director, Capital Market, BPE.

In addition, he said the transaction method observed and chosen for the particular privatization of SAHCOL was full privatization, so as to heighten the level of services rendered.
Reinforcing the essence of his visit to SAHCOL, Alex Okoh emphasized that, what BPE tries to do, especially for the fully privatized companies like SAHCOL “is to keep monitoring the performances of the level of services rendered, given the international best practices that have to be met, to ensure that they meet the critical objectives of privatization in the first place.”
He congratulated SAHCOL for a job well done so far, while disclosing that BPE will also be looking at possibility of SAHCOL listing some of its shares in the stock market in the future.
Alex Okoh was accompanied on the visit by the BPE Director of Capital Market, Baba Mohammed.
SAHCOL is an aviation ground handling company, offering services in Passenger Handling, Ramp Handling, Cargo Handling and Warehousing, Aviation security, Baggage Reconciliation, Crew Bus and Executive Lounge services and other related Ground Handling services; while ensuring that Ground Handling assignment is carried out in an efficient, speedy and safe manner, by deploying appropriate tools.

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