



Updating your news feed...

NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.

BPE Director-General Okoh
The Abuja division of
the Federal High Court on Tuesday, ordered the Director-General of the Bureau
of Public Enterprises (BPE), Alex Okoh, to be remanded in prison for a minimum
of 30 days for flagrant disobedience of court order.
Justice Anwuri Chikere accused
Mr. Okoh of disobedience of the order of the Supreme Court bordering on the
ownership controversy of the Aluminium Smelter Company of Nigeria (ALSCON).
Justice Chikere ruled
that the continued disobedience of the order of the Supreme Court was a fundamental
violation of the rule of law, in a manner that has portrays the government as
lawless.
ALSCON, located at Ikot
Abasi in Akwa Ibom State, has been the subject of an ownership struggle since
the government privatised the firm in 2004. Russia’s Rusal claims ownership of
the company while the indigenous BFIG won a Supreme Court ruling backing its
ownership claim.
However, in spite of
multiple court rulings, the Nigerian government, represented by the
privatisation agency, BPE, has refused to transfer ownership of the firm to
BFIG.
While BFIG won the
initial bid in 2004, the BPE cancelled the process in controversial
circumstances.
BFIG launched a legal
battle to reclaim ALSCON. The Supreme Court ruled in its favour on July 6,
2012.
Junior courts have since
given rulings seeking to compel compliance with the Supreme Court ruling.
In April 2019, BFIG
initiated contempt proceedings against the BPE and the Director-General, Mr.
Okoh. (The Sun)

























