Reps Reverses Ajaokuta Steel Company privatisation

Image result for Reps Reverses Ajaokuta Steel Company privatisationJoseph Bakare 

The House of Representatives has demanded cancellation of the privatisation of the Ajaokuta Steel Company Limited and revive it with the money recovered from a former military dictator, the late Gen. Sani Abacha.

Also, the lower chamber of the National Assembly asked the Economic and Financial Crimes Commission to investigate and prosecute owners of the privatised company, asking the Federal Government to bar them from further conducting businesses in Nigeria.

These were part of the recommendations in the report by the House’s Ad Hoc Committee on Ajaokuta Steel Company Limited on the failure of the Ajaokuta Steel Company to commence operations since inception.

The lawmakers unanimously adopted the report at the plenary on Thursday.

They asked the Federal Government to “demonstrate a strong political will, just like the United States President did recently in the steel sector, to resuscitate the Ajaokuta Integrated Steel plant by direct sourcing and disbursement of about $2bn needed to revamp and complete the 2 per cent external aspects of the integrated project.”

This, the lawmakers said should be done along with the revival of the Ajaokuta Steel Company and the National Iron Ore Manufacturing Company, Itakpe, completing the various external rail track system and access roads linkages, as well as the development and optimal functioning of the various mining sites for steady supply of raw materials.

According to them, this will guarantee an uninterrupted steel production when the blast furnace would be started. 

2019: Fr. Mbaka predicts winner of Imo governorship election

Reverend Father Ejike Mbaka of the Adoration Ministry, Enugu, has predicted the winner of the governorship election in Imo State.

The fiery preacher said the governorship candidate of the All Progressives Congress, APC, in the State, Senator Hope Uzodinma will win.

Mbaka spoke during the 2018 harvest and bazaar celebration at his Adoration Ground in Emene.

President Muhammadu Buhari was represented at the event by Senator Uzodinma, who announced N2 million for breaking of kolanut by Buhari.

He also announced that Buhari will build a hospital in the adoration ground.

Responding, Mbaka said “Uzodimna would become the next governor by the grace of God.”

On Imo and Abia, he said the case of the two states were beyond redemption and that the two states were possessed by the devil and needed to be exorcised.

However, Mbaka reiterated the unflinching support of his ministry for the re-election of Governor Ifeanyi Ugwuanyi of Enugu State for a second term in office in 2019.

READ  Grazing Cattle Destroy Unilorin’s Multi-Million Naira Research Farms, Poison Dam

Add Comment