Random Pagan Verse:
Fortunate is he who is favored in his lifetime
With praise and words of wisdom:
Evil counsel is often given
By those of evil heart,

Author Topic: Okonjo-Iweala connived with World Bank, IMF to write off Ajaokuta Steel COY-SEC  (Read 305 times)

Offline yungcrux (OP)

  • Global Moderator
  • Hero Member
  • *****
  • Date Registered: Sep 2015
  • Posts: 1065
  • Karma: +0/-0
    • View Profile
Loading...

The Secretary General of African Iron and Steel Development, Dr. Mohammed Sanusi has accused erstwhile Minister of Finance and Coordinating Minister of the Economy in the President GoodLuck Jonathan administration, Dr. Okonjo Iweala of conniving with the World Bank and the International Monetary Fund (IMF) to write a phoney audit report on the Ajaokuta Steel Company.

He said the report, which adjudged the company as lacking in prospects was to serve the interest of powerful nations, especially the West, who markets their iron and Steel in Nigeria and other African countries.

Speaking with REPORTERS in Abuja on Tuesday, the Scribe lamented that it was the fourth time international finance organisations would capitalize on corrupt tendencies of Nigeria government officials, who were always ready to compromise and write-off Ajaokuta Iron and Steel Company, despite its huge prospects of being Nigeria?s biggest revenue earnings and employer of labour.

?There was a lot of sabotage going on and I have four different report which were initiated by World Bank against Ajaokuta Steel Company?, Sanusi said.

He added: ?another group, which has links with World Bank and IMF were invited from Britain by Bureau of Public Enterprises; they came and condemned Ajaokuta, and when we the stakeholders pointed out their mistakes, they left and never came back to Nigeria up till date?.

Dr. Sanusi also recalled that he faulted the power point presentation of another group, which were brought in by the former Minister of Finance, Dr Okonjo Iweala known as ?Nigeria Infrastructure Advisory Facilities?.

?There is another one the former Minister of Finance, Dr. Okonjo Iweala brought in called Nigeria Infrastructure Advisory Facilities and after two weeks tour of our steel Facilities, they assembled some officials of the National Planning Commission, Ministry of Finance and Solid minerals and other stakeholders; before you knew it, they reported that their head team had travelled back to Canada?, he added.


Sanusi who admitted that the Minister of Solid Minerals, Dr. Kayode Fayemi was in touch with the Iron and Steel Association, commended President Buhari administration for his concerted effort at revamping the Ajaokuta Iron and Steel steel.

He advised Buhari to personally pay a visit to the steel industry for what he called a first hand information, noting that it would help his decision rather than waiting to be briefed.


 

 

boko haram: we are in control of Bama, Nigerian military feeding the world lies

Started by admin

Replies: 0
Views: 336
Last post September 10, 2014, 09:45:33 AM
by admin
Boko Haram overtakes Islamic State as world's deadliest terror group

Started by mastercode

Replies: 0
Views: 473
Last post November 17, 2015, 12:16:25 PM
by mastercode
Lagos State ranked world’s 3rd worst city to live in - Economist Intelligence

Started by admin

Replies: 0
Views: 642
Last post August 19, 2016, 07:35:50 AM
by admin
Nigeria Super Eagles Rohr releases 30-man provisional squad for 2018 world cup

Started by guruslodge

Replies: 0
Views: 14207
Last post May 15, 2018, 01:02:40 AM
by guruslodge
Boko Haram Named most lethal terror group in the world

Started by newspostng

Replies: 0
Views: 6823
Last post April 09, 2018, 12:35:19 AM
by newspostng
Husband Catches wife, A Bank Manager Having Sex With Driver In His Bed

Started by mastercode

Replies: 0
Views: 276
Last post May 29, 2015, 11:59:22 AM
by mastercode
Seven Nigerian governors linked with N19 Billion bank account

Started by yungcrux

Replies: 0
Views: 444
Last post February 20, 2017, 10:34:23 AM
by yungcrux
Court unfreezes Patience Jonathan 16 bank accounts

Started by guruslodge

Replies: 0
Views: 292
Last post December 06, 2017, 12:31:38 AM
by guruslodge
Nigeria Central Bank devalues currency

Started by internet police

Replies: 0
Views: 348
Last post November 26, 2014, 07:24:23 AM
by internet police
Nigerian FG recovers N1.6 Billion illegal bank charges from commercial bank

Started by yungcrux

Replies: 0
Views: 9150
Last post May 04, 2018, 01:10:34 AM
by yungcrux