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Ajaokuta Scandal. OBJ, Son Of Itakpe And Fayemi Storry by xguy(m): 9:05pm On Jan 02, 2017 |
BREAKING: This Nigeria killing Us secretly....
Obasanjo, Adoke, Fayemi allegedly fingered in
Ajaokuta, Itakpe scandal
Obasanjo, Adoke, Fayemi allegedly fingered in
Ajaokuta, Itakpe scandal
Nigeria’s former president Olusegun Obasanjo,
former Attorney General of the Federation,
Mohammed Bello Adoke and current minister of
Steel and Solid Mineral Kayode Fayemi have been
allegedly fingered in a shady deal associated with
the August 1, 2016 modified reconcession
agreement of Ajaokuta Steel Company of Nigeria
(ASC).
EXPOSED: Obasanjo, Adoke, Fayemi in Ajaokuta,
Itakpe scandal (Photos)
Fayemi, Adoke, Obasanjo fingered in Ajaokuta,
Itakpe scandal
According to Barrister Natasha Hadiza Akpoti
alleged in an open letter to Nigerians dated 31
December 2016 and titled “Corrupt Practices
Surrounding Ajaokuta and Itakpe”, she disclosed
that the country had a good chance to reclaim
both ASCN and NIOMCO, Itakpe base on
unequivocal evidence but that the activities of
one ‘Alhaji’, PwC and Adoke has made it
impossible.
On August 1, 2016, the Federal Government
signed a modify 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 which had earlier been
concessioned to GINL.
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 explained 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 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.
In her words: “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. PWC approached ‘Alhaji’ who was a close
ally to Vice President Namadi Sambo. ‘Alhaji’
“discussed” with Adoke, spent a lot of money and
a deal was struck.
“Adoke sought an approval from President
Jonathan for an out of court settlement. This
ended the arbitration in London court and started
the mediation process supervised by Mr. Philip
Howell Richardson. The first mediation meeting
was in London on the 15th February 2013.
“A presidential committee was set up comprising
of the V.P’s office, BPE, AGF, amongst others
headed by the then Permanent Secretary Min. of
Mines and Steel, Mrs. E.B.P. Emurem.”
She explained that the presidential ‘Kangaroo’
committee indicted Late President Yar’Adua of
terminating the Ajaokuta and Itakpe concessions
with GINL and estimated damages totally $525
million payable to GINL.
She added that the committee then arrived at a
decision to compensate GINL with 7 years of
Itakpe Iron Ore since Nigeria had no such money
to pay, noting that Adoke got a presidential
approval to execute this “modified fraudulent re-
concession agreement” on the 7th of January
2015 but failed in executing it because the then
Minister of Mines and Steel Arch. Sada refused to
be a part of the fraud.
Unfortunately, Fayemi executed the same contract
Adoke drafted even replicated the exact same
grammatical errors contained in the Adoke’s
contract.
“At the August 1st signing ceremony, Fayemi said
there would be a joint forensic audit of the
concessions and this is to be supervised by one
of the top global four consultants which was
PwC.
“Yes. Fayemi engaged PwC to supervise GINL’s
concession, the same consultants that GINL
engaged in 2012 to help pull strong strings to
save GINL from losing totally.
GINL Belongs to ‘Alhaji’
Meanwhile, Natasha claims that the owner of
GINL, not the famous Pramod Mittal but one
‘Alhaji’ who contacted her for a peace talk.
“He is an ‘Alhaji’ quite prominent in the circles of
power especially during the Jonathan’s
administration. This wasn’t his first time
contacting me. He first called me up on the 12th
of August after my Channel’s interview, then on
16th and 18th August 2016. I met with him on
these 3 August dates but didn’t oblige his 26th
December’s call. From my interactions with him I
deduced the following facts:
“The pseudo partnerships of GINL- – GINL is no
longer owned by Pramod Mittal. Pramod Mittal’s
presence at the 1st August 2016 NIOMCO
Itakpe’s re-concession was just part of the
keeping – up – appearances-to –deceive
Nigerians agreement between Pramod and ‘Alhaji’
who is the present owner of GINL. This ‘Alhaji’
has no expertise in operating mines. He is also
not evidentially linked to GINL as most
documents still bear Pramod Mittal to deceive
Nigerians.
“Now that GINL has gotten NIOMCO, Itakpe back,
they want to acquire Ajaokuta Steel complex too.
‘Alhaji’ asked that I connect them with
TyazhPromExport (TPE for short, the original
builders of the plant from Soviet Russia) as
technical partners to facilitate their acquisition of
Ajaokuta under a NEW NAME that would not
connect the Nigerian public to GINL.
“Alhaji said he opted for Russia despite him being
extremely connected to China (he is the chair of
China’s largest construction firm in Nigeria)
because he believe only the original builders will
do sincere justice to Ajaokuta Steel mill but if I
refused to bring them on board, he would go
ahead to acquire Ajaokuta using his Chinese
partners. I turned that down because I didn’t
want to be a party to any deceptive “underground”
arrangements and manipulations,” she claims.
Obasanjo's connection
Barrister said Obasanjo’s washed hands are still
very dirty.
"A lot of people ask why the call for the Original
Builders return to their brainchild - Ajaokuta.
Some even say the original builders are
Ukrainians , some say Putin hates us and the
evidence is his distance from Nigeria… This
section will shock you.
She questioned why the following facts have been
kept away from the Nigerian people.
1. On March 7th 2001, Obasanjo, Bola Ige
amongst others visited Russia (Putin was the
president then) and signed a bilateral agreement
for the strengthening of relations and
development of our steel sector and transfer of
high technology amongst others.
2. This agreement led to Putin sending 40 experts
from TPE (original builders) to conduct the
technical evaluation of Ajaokuta steel plant. For 3
months the Russians worked along with Nigerian
Russian trained engineers. They returned to
Russia and prepared 6 volumes of detailed
technical and the financial reports.
3. TPE’s submission required $421M for 1st
phase completion (a Sulphuric Acid Plant and
modification of Pig Cast Machines were
additional variations made). President Obasanjo
promised to release the money but months after,
instructed NNPC to guarantee a $400m loan to
be made available from BNP Paribas. This failed.
ASCL Board and Management contacted
UNIVERSAL GENERAL COMPANY (UGC), a UK
Company, who agreed to grant a loan of $600m
to ASCL and Putin directed with TPE to serve as
Nigeria’s guarantors. BNP Paribas accepted.
4. Putin waited and waited for Obasanjo to meet
up his own part of the agreement but Obasanjo
was silent.
5. In March 2003, President Putin wrote to
Obasanjo this letter below (Its translated but true
version is attached):
6. With the technical documents at hand, the very
next month of June 2003, President Obasanjo
concessioned NIOMCO and ASCL to SolGas
Energy, an unqualified company with zero
experience or capacity to operate a mine or steel
plant. This company was headed by Seun
Oyefeso who was close friends with Gbenga
Obasanjo.
7. SolGas fumbled in confusion around Ajaokuta
and Itakpe then illegally sub-consessioned to
Pramod Mittal’s Isplat which was converted to
GINL.
The Barrister accused the Fayemi of selling off
Nigeria's assets to GINL.
"Hon. Fayemi, you said President Buhari handed
over the Chinese firm to you and directed you
“work” with them. I have confirmed that Mr.
President did no such thing. Remember when you
briefed him on your Nickel discovery in Kaduna,
he said “Thank you, but how about Ajaokuta? Are
the Russians on ground?”. To which you
responded, “I am working on it “.
"No sir, you are not working on it. What you are
working on is creating another kangaroo team of
consultants headed by PwC amongst others who
will supervise the Ajaokuta bid to produce your
desired “technically and financially” qualified
company.
"Sir, you also know that Nigeria doesn’t owe GINL
one penny. You know the presidential committee
reports hold no water and that GINL should not
spend a day in Itakpe not to talk of 7 years.
Sadly more, you didn’t tell Nigerians that the
GINL reconsession is renewable for additional 10
years. That means 17 years in all... Why sell
Nigeria off for nothing? Why??"
Natasha urged President Buhari to put in place an
economic team and visit Putin.
"Let Russia say “No, Nigeria. We are not
interested in developing your steel sector
anymore” , then we can look elsewhere. Until
then, please don’t go on a wild goose chase
organizing a tendering and bid process of
Ajaokuta and treat her like as a business.
"Ajaokuta is a national service and needs
economic partners not business partners to revive
her," she added.
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