Reps probe NIOMCO-Premium Steel deal, procurement breaches
✨ AI Summary
Nigeria's House of Representatives has opened a probe into the deal between the National Iron Ore Mining Company and Premium Steel, citing suspected breaches of procurement rules. The inquiry also takes in concerns around the Ajaokuta Steel Company, the long-stalled plant tied to the arrangement. Lawmakers want to establish how the contract was awarded and whether due process was followed. The move comes amid years of questions over the fate of the country's flagship steel project.
The House of Reps is investigating the NIOMCO-Premium Steel deal over alleged procurement breaches and concerns about the Ajaokuta Steel Company. Read More: https://punchng.com/reps-probe-niomco-premium-steel-deal-procurement-breaches/
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