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Nairaland Forum / Nairaland / General / Politics / FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel (18751 Views)
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FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by Viz007(m): 6:51am On Sep 04, 2022 |
The federal government yesterday disclosed that it had agreed to pay $496 million to settle a multi-billion dollar claim from Global Steel Holdings Limited following the termination of a contract to upgrade the country’s steel plants. https://www.thisdaylive.com/index.php/2022/09/04/fg-agrees-to-pay-496m-settlement-claims-on-ajaokuta-steel/ 15 Likes 1 Share
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Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by PresidObi: 6:51am On Sep 04, 2022 |
Another loss from the FG. They are running the country like a charity organisation. Peter Obi government always makes sure it makes profits from every government transactions. Vote for Peter Obi 123 Likes 8 Shares |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by Viz007(m): 6:53am On Sep 04, 2022 |
The good thing about this Buhari-led FG is that they know how to come up with bogus agreements and fail to deliver at the very last. 54 Likes 5 Shares |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by divinehand2003(m): 6:56am On Sep 04, 2022 |
Whenever Buhari’s government makes any agreement, I don't need a prophet to tell me that it won't materialise. They make promises you and I know that they will not keep. Besides the country is broke to the teeth. Where will they get the money to meet this agreement. 23 Likes 3 Shares |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by EMXTAN1(m): 6:57am On Sep 04, 2022 |
With Apc Buhari's gov agreeing is one thing, meeting the agreement is another thing o... ASUU is there go and Verify!! 25 Likes 3 Shares |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by Damidave1124(m): 6:57am On Sep 04, 2022 |
Agreement they've been reaching since, we never see anything. This might be an exemption though 3 Likes |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by Timekeeper452: 6:58am On Sep 04, 2022 |
Yet education is abandoned while we import foreign educated workers. |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by Akinsete19(m): 6:58am On Sep 04, 2022 |
Very useless government 9 Likes 3 Shares |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by Ibegtodiffer: 6:59am On Sep 04, 2022 |
While university students are left frustrated at home. This is wickedness. And they keep on saying they don't have money to end ASUU strike. 4 Likes |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by LagbajaTheBEREAN: 6:59am On Sep 04, 2022 |
.....rather than leaving the endeavour to the future administration to deal with,” he was quoted as saying....... Laughable but the fuel subsidy removal be left for future administration abi. 6 Likes |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by temitope27(m): 7:00am On Sep 04, 2022 |
Anoda cashing out 17 Likes 2 Shares |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by hope4nigeria(m): 7:00am On Sep 04, 2022 |
Government of Hynas and Jackass. Buhari na pure oloriburuku man 4 Likes |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by Elsueno: 7:01am On Sep 04, 2022 |
if any corrupt Nigerian dey behind this so called Global Steel Holdings Limited, I pray this money becomes a curse to u & u choke on it! 12 Likes |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by wethebest(m): 7:01am On Sep 04, 2022 |
Yet some fools are still campaigning for atiku and tinubu to rule dem cox of ethnicity nd religion. Naija citizens is Nigeria's number one enemy not the d few politicians in power. How can u guys see an intelligent exposed person nd still prefer old thieves to rule u nd ur unborn children? It's a really sad reality. 7 Likes 2 Shares |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by tellsblinks(m): 7:01am On Sep 04, 2022 |
Welcome development. At least railway lines won't be expensive to make. And please anambra has some of the best blacksmiths, the government should employ and train these people in forging railways lines, components etc 10 Likes 2 Shares |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by engrjosefz(m): 7:03am On Sep 04, 2022 |
I grew up in this steel city, I knew when the Indians came looting the company's assets, but then, why would FG go into a blind concession agreement with them in the first place? I believe FG had elites and good lawyers who are well schooled to understand and interpret bids for contracts. Many shady stuffs some selfish individuals do to enrich themselves. If the dispute can be resolved, it's a plus for Nigeria, the steel company can be revitalized, those who have not been there before won't understand what the country is loosing due to our steel complex not functioning. I Pray we get it right this time around. 27 Likes 1 Share |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by Eagle360(m): 7:03am On Sep 04, 2022 |
Audio settlement. Miracles alone will deliver this country from mismanagement 2 Likes 1 Share |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by vedaxcool(m): 7:03am On Sep 04, 2022 |
Another atheiffku and Obliar pdp legacy, PDP really attempted to bankrupt this country 7 Likes 1 Share |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by imagrg(m): 7:04am On Sep 04, 2022 |
Another deceit brewing! Can a cow quench the fire with its fart? |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by ednut1(m): 7:04am On Sep 04, 2022 |
Yet people seem to think yar adua was a good president. Also cancelled obasanjos sale of 2 refineries to dangote. Today dangote has built from scratch while the govt ones have become scrap metal. A useless president 116 Likes 3 Shares
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Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by Juicethekid: 7:05am On Sep 04, 2022 |
ASUU should also be considered soon 1 Like |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by Gkay1(m): 7:06am On Sep 04, 2022 |
Time to share another government money 1 Like |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by Cmeo(m): 7:06am On Sep 04, 2022 |
For how much was the concession for in the first place, that they had to pay $496m as settlement claim?? 3 Likes |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by inspectorg(m): 7:06am On Sep 04, 2022 |
This colossal failure of a project be ripping the future of our unborn children from one generation to another . This kyn government una weldone ooooh!!!!. |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by samuelevans(m): 7:07am On Sep 04, 2022 |
kogi is just too blessed, i still wonder why we are still poor and undeveloped. |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by anyilalaz: 7:09am On Sep 04, 2022 |
Viz007: He did that when he canceled the Lagos metro during the Lateef Jakande period. A disaster personified! Source: https://punchng.com/37-years-after-lagos-metro-line-aborted-by-buhari-still-hurting/ 1 Like |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by DevilSignature: 7:11am On Sep 04, 2022 |
Trash This is another means of cashing out and diversion of funds to that dead vegetable called Tunibu campaign treasury. May God punish all Tunibu media urchins |
Re: FG Agrees To Pay $496m Settlement Claims On Ajaokuta Steel by GeneralBuhari: 7:13am On Sep 04, 2022 |
ASUU will not like this news at all. 2 Likes |
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