GASKIYA CORPORATION (WINDING UP) ACT
Act · Energy
An Act establishes the winding up of the Gaskiya Corporation, a publishing company, and the disposal of its assets. It targets former employees, creditors, and the Federal Government as shareholder. This ensures an orderly dissolution and asset distribution.
GASKIYA CORPORATION (WINDING UP) ACT
What Is This Policy?
An Act providing for the formal winding up of the Gaskiya Corporation, a publishing and media company that produced Hausa-language publications, and for the disposal of its assets.
Who Does It Target?
Former Gaskiya Corporation employees and creditors Federal Government as shareholder Bureau of Public Enterprises as wind-up manager Historical Hausa print media readers
What Does It Aim to Achieve?
Formally dissolve the Gaskiya Corporation and distribute its assets to creditors and shareholders in an orderly legal process.
Key Features
Wind-Up Authority: Authorises the Federal Government to wind up the Gaskiya Corporation. Asset Disposal: Prescribes how the Corporation's assets (presses, property) are to be disposed of. Creditor Settlement: Provides for settlement of outstanding debts before asset distribution. Staff Settlement: Addresses terminal benefits for employees of the dissolved corporation.
Current Status
Rollout Stage: Spent — winding up completed Coverage: Historical Beneficiaries: Historical — creditors and employees Funding: Government
How to Access
Historical reference only — winding up completed Application method: Historical document.
Important Terms
Gaskiya Ta Fi Kwabo was the flagship Hausa-language newspaper published by Gaskiya Corporation Hausa-language publishing has continued through other publishers since the Corporation's dissolution The winding up is a historical institutional reform of the government media sector
Official Resources
Website: https://www.bpe.gov.ng Contact: Bureau of Public Enterprises (historical reference)
Legal Framework
Enacted under the legislative powers of the National Assembly. Operates under the Bureau of Public Enterprises (BPE) Act and the Privatisation and Commercialisation Act (Cap P38 LFN 2004) governing winding up of state enterprises. The Companies and Allied Matters Act (CAMA) 2020 governs winding-up procedures. Aligns with the Federal Government divestiture policy and the Public Enterprises (Privatisation and Commercialisation) Act.