Nigerian News

Alleged Mismanagement: NANS calls for probe of Ajaokuta Steel Company

The National Association of Nigerian Students on Monday called on President Bola  Tinubu to order an immediate investigation into the alleged mismanagement of the moribund Ajaokuta Steel Company.

According to the student body, the steel plant when completed and come alive would be a source of massive employment opportunities for Nigerian students upon graduation, as well as being a technology site where potential engineering students all over the country could come and experience technological innovations at its peak as they aspire for greatness in the field of engineering.

NANS President, Lucky Emonefe, who made the call in a statement on Monday in Abuja, said all those involved in the mismanagement of the company must be brought to book.

He said, “The government and the stakeholders alike are working assiduously to see that the company comes back to life. This is a good omen for the Renewed Hope Agenda to continue to flourish amidst the global economic crisis that has engulfed the world right about now.

“It is also worthy of note that the set of individuals who brought the Ajaokuta Steel Company to this comatose are still walking the street uninvestigated and unpunished.

“These people who have been indicted to the tune of several millions of US dollars further siphoned $496m in September 2022 through Buhari’s administration, have neither been probed nor punished.

He called on the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission to launch an investigation into the management of the steel company.

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