Kasim Sumaina in Abuja
The federal government wednesday reminded Global Steel Holding Limited (GSHL) that it doesnâ€™t need any mediation to determine the ownership of Ajaokuta Steel Complex even as it noted that the Integrated steel complex has always been its property.
The Ministryâ€™s position, as stated by the Minister of Mines and Steel Development, Dr. Kayode Fayemi is that, Ajaokuta Steel Complex belongs to the Federal Government of Nigeria, and there is no contention about this fact.
This was contained in a statement by the Special Assistant to the Minister of Mines and Steel Development, Olayinka Oyebode and signed by the Permanent Secretary, Mohammed Abbas, in Abuja
According to the statement, â€œthe attention of the Ministry of Mines and Steel Development has been drawn to recent media reports, where Dr S.O. Nwanbuokei, a director of Global Steel Holdings Limited (GSHL), was quoted as saying that the protracted litigation surrounding the ownership of the Ajaokuta Steel Complex had not been resolved.
â€œHis claims contradict the position of the Honourable Minister of Mines and Steel Development, Dr Kayode Fayemi, who reaffirmed the Federal Governmentâ€™s ownership of the Ajaokuta Steel Complex, during the just concluded Nigerian Mining Week, as he has done in similar fora.â€
The statement further said, â€œThe Federal Government does not need any mediation to determine its ownership of Ajaokuta Steel Complex as the integrated steel complex has always been the property of FGN.
â€œIt must be stated clearly that the concessioning of an asset does not make one lose the ownership of the asset.
â€œIn the case of Ajaokuta Steel Complex, the Federal Government remained the actual owner of the asset, while the concessioning arrangement was in place. This situation has not changed after the entire concessioning arrangement crumbled.
â€œThe position of the government is that having ceded the National Iron Ore Mining Company (NIOMCO), Itakpe to GSHL, for the remaining concession period, as part of the agreement reached during the mediation, government would at the appropriate time take a decision on how best to put Ajaokuta Steel Complex to profitable use.
â€œThis includes engaging a new core investor with proven financial and technical capacity to turn around, complete and run the steel complex profitably.
â€œThis is still the position of the government,â€ it concluded.