Wednesday, February 6, 2008

FG Panel Indicts Gbenga Obasanjo In N24bn Fraud "The report of an administrative panel of enquiry into the operations of Ajaokuta Steel Company(ASCL), National Iron Ore Mining Company (NIOMCO) and Delta Steel Company (DSC) has indicted Global Infrastructure Holdings Limited (GIHL), a company believed to be partly owned by Dr Olugbenga Obasanjo, the controversial son of former President Olusegun Obasanjo.
GIHL was granted a concession to manage the three companies in August 2004 following the failure of SOLGAS, the first concessionaire, to meet the target in the agreement it signed with the Federal government in a privatisation programme supervised by Gbenga’s father."