Firm says minister lied in ALSCON claim
BFIGroup Corporation, the Nigerian-American consortium that the Supreme Court confirmed as the winner of the bid for the Aluminium Smelter Company of Nigeria , has urged the Minister of Mines and Steel Development, Olamilekan Adegbite, to respect the court’s order and not play hide and seek over its enforcement.Channels TV programmeThe letter seen by PREMIUM TIMES on Sunday urged Mr Adegbite to “stop playing hide and seek and face the facts as they are ”.
But, in the interview, Mr Adegbite said BFIG, which was declared the winner of the bid in 2004, could not pay for the 10 per cent bid price for ALSCON despite two opportunities given by BPE. “When he went to court, the Supreme Court said he should be given another opportunity to pay. Again, he could not produce the money within the timeframe. And the bid was given to the reserve bidder.
He said since 2004, when BFIG won the bid for ALSCON, “BPE has been feeding Nigerians the lie that BFIG could not pay for the company, till 2012 when the Supreme Court declared BPE has not even reached the point of payment.” Mr Ikwueto said the action by the BPE constrained BFIG to go to court to pursue its right, resulting in the case going up to the Supreme Court which gave its ruling on July 6, 2012.
“Unfortunately, despite the Supreme Court‘s judgment, the BPE and its officials have continued to rigmarole in the enforcement of the binding orders as they were bent on playing hide and seek with RUSAL Group,” Mr Ikwueto said.
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