Ajaokuta Steel, Itakpe Iron Ore Firms Get Sole Administrators

15 Nov 2012

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Minister of Mines and Steel Development, Musa Mohammed Sada

Patrick Ugeh 

Sole Administrators have been appointed for Ajaokuta Steel Company Limited (ASCL) and the National Iron Ore Mining Company, Itakpe, both in Kogi State.

With the appointments already approved by President Goodluck  Jonathan, the Interim Management Committee that oversaw their activities has been disbanded.

The  disbanded 16-member Interim Management Committee on
The ASCL and the National Iron Ore Mining Company, Itakpe,was inaugurated in April 2008 when the concession agreement between the Federal Government and Global Infrastructure Holdings Nigeria Limited on the two facilities was cancelled.

A statement from the Ministry of Mines and Steel Development yesterday named the Sole Administrator for ASCL as Mr. Isa Joseph Onobere, “an experienced” metallurgical engineer and a top management staff of the company. He hails from Kogi State.

According to the statement signed by Deputy Director of Press, Marshal Gundu, the Sole Administrator for  the National Iron Ore Mining Company, Itakpe, is Mr Abubakar Yaro Ibrahim.

The statement described Ibrahim as a seasoned Mining Engineer from Taraba State. “While making the disclosure and issuing the letters of appointment to the new appointees in Abuja yesterday, the Minister of Mines and Steel Development, Musa Mohammed Sada, said the appointments are with immediate effect.

“The Minister noted that the two sole administrators were appointed on the basis of their experiences and professionalism in the minerals and metals sector, that they should be able to bring about the expected turn-around in the two facilities,” the statement said.

It added that the handing and taking over ceremonies between the new Sole Administrators and the former Interim Management Committee on the two companies were expected to be completed within one week.

The statement quoted Sada as explaining that what informed Federal Government’s decision on the appointments of the new sole administrators for the two companies was to inject new ideas into them to make them operational in line with the transformation agenda on service delivery.
The minister  advised the new appointees to add value to the two companies by making them operational and conserving the assets.

He also urged the sole administrators to select their management teams on the basis of seniority, experience and competence.

Further, the minister urged them to carry along the labour  unions in the discharge of their responsibilities for optimal performance.
In addition, Sada told them to start work in earnest by coming up with ideas on how to move the two companies forward as they were strategic  to the economic and industrial development of Nigeria.

The Permanent Secretary in the Ministry of Mines and Steel Development, Mr.Linus Awute, thanked Sada for the efforts he made regarding the appointment of the two sole administrators. He advised the two appointees not to disappoint the President and the nation by living up to expectations.

Awute also advised them  to see how they could generate funds internally to Keep Ajaokuta Steel Company Limited and the National Iron Ore Mining Company going. He said the ministry was ready to facilitate their operations. In their separate remarks, the two sole administrators,  assured the minister That they would not disappoint.

Tags: ASCL, Featured, Musa Mohammed Sada, Nigeria, News

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