Fidelity bank banner Newsexpress banner Okowa 2019 gubernatorial campaign Camano banner
Obasanjo, others indicted in Ajaokuta scandal

By News Express on 08/01/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,422

 •Ex-President Obasanjo.
•Ex-President Obasanjo.

Former president Olusegun Obasanjo has been allegedly indicted in a deal associated with the August 1, 2016 modified reconcession agreement of Ajaokuta Steel Company of Nigeria (ASC).

Kogi State-born activist and legal practitioner, Barr. Natasha Hadiza Akpoti, who has continually decried the mismanagement of the steel company, alleged in an open letter to Nigerians, entitled: “Corrupt Practices Surrounding Ajaokuta And Itakpe” that the former Attorney General of the Federation, Mohammed Bello Adoke, and current Minister of Steel and Solid Mineral Kayode Fayemi were also culpable.

Barr. Akpoti further alleged that “Obasanjo’s washed hands are still very dirty.”

She revealed that while Nigerians are deceived into believing we are still dealing with “Indians, Gov. Bello Yahaya of Kogi state knows who the real owner of GINL is.”

She said that even though the Ajaokuta steel is a federal project, I urge the Governor to act fast.

The Legal practitioner disclosed that the country had a good chance to reclaim both ASCN and NIOMCO, Itakpe based on unequivocal evidence but that the activities of one ‘Alhaji’, PwC and Adoke has made it impossible.

It would be recalled that on August 1, 2016, the federal government signed a modified re-concession agreement with an Indian firm, Global Infrastructure Nigeria Limited, GINL which led to Nigeria reclaiming the ASCN and the National Iron Ore Mining Company, NIOMCO, Itakpe.

According to Akpoti however, the August 1, signing ceremony appeared to be a flash in the pan as Nigerians were made to believe what happened then was nothing but the truth.

She alleged that the Minister of Steel and Solid Mineral, Dr. Kayode Fayemi lied to President Buhari and Nigerians that the country had no evidence against GINL in the London Court of Arbitration.

She further stated that Fayemi told Nigerians that “Nigeria already agreed that we were liable to pay somewhere in the region of $500 to $700m to GINL as estimated by BPE etc…”, and since Nigeria couldn’t afford that, it was agreed to give Itakpe back to the GINL in compensation for 7 years.

“Like Halliburton and Malabu oil scandals, Ajaokuta and Itakpe suffered greatly in the hands of Adoke who happens to be a son of Itakpe.

“One would have expected utmost care in executing his duties as the then Attorney General of Nigeria and lead representative of Nigeria at the Arbitration proceedings instituted in the London Court of International Arbitration by the GINL against Nigeria on the termination of Ajaokuta and Itakpe concessions by the late President Yar’Adua administration. But, he betrayed Nigeria. How?

“Nigeria had a very good chance of winning the arbitration case against the Indians as there were tons of evidence mainly from Inuwa Magaji’s report, amongst others.

“GINL feared the anticipated lose and engaged Price Waterhouse Coopers (PWC) to help them ‘work’ victory out through Nigeria’s corridors of power.

Sourced from LEADERSHIP Sunday.

Source News Express

Posted 08/01/2017 1:37:44 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Ogun, UNICEF promote infant feeding with quiz competition...

ICAO team in Nigeria for safety oversight audit...

Revealed: HOW NIGERIAN PRESIDENTS LOOT OIL REVENUE THROUGH...

Igbo Elders commend Jonathan, Obi on 2nd Niger...

Gov Dickson’s CPS buries mother on Jan 13...

Obiano orders rebuilding of collapsed portion of Nkpor...

Civil Defence intercepts trailer-load of crude oil, arrests...

Stakeholders call for strict regulations on lottery businesses...

Uche Ogah and the flip-side of ambition, By...

NEMA donates relief materials to flood victims

Failed primaries: APGA is in serious trouble ―...

30 jets in Minna for IBB’s daughter’s wedding...

 

Latest News Atiku shocks Buhari in Presidential Villa Elections: The heavy gainers and losers Dino Melaye leads in Kogi West PDP trounces APC in Kubwa Abuja Buhari humbles Atiku in Daura Buhari wins in Kwara, Saraki loses Ekiti: Buhari crushes Atiku in Fayemi, Ojudu’s polling Gombe: Atiku loses in Gov. Dankwambo’s polling unit PDP cries out, accuses APC of killing Nigerians, burning ballot boxes Okowa bemoans failure of card readers in parts of Delta State INEC postpones elections in Anambra, Rivers, Lagos, others 16 killed in election violence

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (452,518 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (405,940 views) Shameless Genevieve Nnaji exposes breasts in public (340,975 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (292,789 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (257,450 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (234,246 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (219,437 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (201,106 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (188,649 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (175,010 views) Lagos plane crash: Journalist releases victims’ names (173,220 views) 10 cars more expensive than Jets (168,696 views)

 

NLNG call for entries

CBN banner

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (81) Business & Economy (4,033) Business Verdict (58) Columnists (999) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (592) Features (716) Global Business Monitor (326) ICT Monitor (13) International (3,116) Interview (173) Live Commentary (28) Love Matters (152) Maggie's Blog (159) News (43,415) Opinion (1,197) Pidgin (17) Politics (9,652) Religion (952) Sports (1,900) Stock Watch (37) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera