Group Requests EFCC, ICPC Investigation into Ajaokuta Steel Plant Concession.

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According to Olamilekan Adegbite, the Minister of Mines and Steel Development, 11 foreign businesses expressed interest in acquiring the Ajaokuta steel mill on a concession basis last year.

The Economic and Financial Crime Commission (EFCC) and Independent Corrupt Practices and Other Offences Commission (ICPC) have been urged to halt plans to sell the Ajaokuta Steel firm to private investors by Social Integrity Network (SINET), a civil society organization.

The call was made in a communiqué published by Ibrahim Issah, the national coordinator of SINET, following the group’s meeting on Monday in Jos, Plateau State.

However, the National Coordinator of SINET argued that giving the steel firm to private companies would be risky for the Nigerian government.

He stated transferring the steel company to private companies would move the economy of the country backward.


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