27 SEPTEMBER 2013http://leadership.ng
ALSCON: BFIG traces stripped assets to ibom power
Edited by : AL CIRCLE
2 min read
The BFIGroup said it has traced a steel oil tank belonging to the Aluminium Smelter Company of Nigeria (ALSCON), Ikot Abasi in Akwa Ibom state, to the neighbouring Ibom Power Company (IPC).
BFIGroup is the Nigerian-American consortium that emerged the preferred bidder for ALSCON in 2004, but was disqualified in controversial circumstances by the Bureau of Public Enterprises (BPE), resulting in the ongoing legal tussle at the Supreme Court to determine the authentic owner of the plant.
But, spokesman for UC RUSAL, Tatiyana Smirnova, said in a response to enquiries on the allegation, dismissed the report, saying: “The information is false and does not correspond to reality.”
“No illegal stripping or removal of a 50,000 Litres Transformer oil Drain Tank from the ALSCON’s premise has occurred. ALSCON is the owner of the 50,000 Litres Cylinder Steel Tank (Transformer oil Drain Tank),” she said.
Smirnova said “In compliance with the request for assistance from Ibom Power Company, ALSCON has allowed Ibom Power Company to temporary borrow the Steel Tank in accordance with the terms and conditions of Guarantee Letter signed by parties.
“Additionally, Ibom Power Company is responsible for the loading and transportation of the Steel Tank to and from Ibom Power site at Ikot Abasi under the strict supervision of ALSCON personnel.”
Recall that staff of ALSCON recently raised alarm over alleged massive asset stripping by UC RUSAL, current managers of the plant. BFIGroup’s Executive Vice President (Media Relations), Frank Scherer, said yesterday in Abuja that the illegal transfer of the assets of the company was uncovered following a tip-off by concerned community people last week.
Scherer, who said the terms and conditions of the transfer of the property by the Russians were unclear, revealed that a top member of the Board of the Akwa Ibom State government-owned power generation company, Victor Udoh, admitted on inquiry that the transfer of the 50,000 litres cylinder steel oil tank and other property by UC Rusal/Dayson Holding Limited to IPC took place last week.
BFIGroup is the Nigerian-American consortium that emerged the preferred bidder for ALSCON in 2004, but was disqualified in controversial circumstances by the Bureau of Public Enterprises (BPE), resulting in the ongoing legal tussle at the Supreme Court to determine the authentic owner of the plant.
But, spokesman for UC RUSAL, Tatiyana Smirnova, said in a response to enquiries on the allegation, dismissed the report, saying: “The information is false and does not correspond to reality.”
“No illegal stripping or removal of a 50,000 Litres Transformer oil Drain Tank from the ALSCON’s premise has occurred. ALSCON is the owner of the 50,000 Litres Cylinder Steel Tank (Transformer oil Drain Tank),” she said.
Smirnova said “In compliance with the request for assistance from Ibom Power Company, ALSCON has allowed Ibom Power Company to temporary borrow the Steel Tank in accordance with the terms and conditions of Guarantee Letter signed by parties.
“Additionally, Ibom Power Company is responsible for the loading and transportation of the Steel Tank to and from Ibom Power site at Ikot Abasi under the strict supervision of ALSCON personnel.”
Recall that staff of ALSCON recently raised alarm over alleged massive asset stripping by UC RUSAL, current managers of the plant. BFIGroup’s Executive Vice President (Media Relations), Frank Scherer, said yesterday in Abuja that the illegal transfer of the assets of the company was uncovered following a tip-off by concerned community people last week.
Scherer, who said the terms and conditions of the transfer of the property by the Russians were unclear, revealed that a top member of the Board of the Akwa Ibom State government-owned power generation company, Victor Udoh, admitted on inquiry that the transfer of the 50,000 litres cylinder steel oil tank and other property by UC Rusal/Dayson Holding Limited to IPC took place last week.
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