CSO Petitions NASS over NIOMCO-Premium Steel Deal
A civil society organisation, Public Accountability and Transparency International, has petitioned the House of Representatives over the Sub-Lease and Operation Agreement between the National Iron Ore Mining Company (NIOMCO)and Premium
Public Accountability and Transparency International, a civil society organisation, has petitioned the Nigerian House of Representatives over the Sub-Lease and Operation Agreement between the National Iron Ore Mining Company (NIOMCO) and Premium Steel and Mines Limited. The committee responsible for the investigation, chaired by Hon.
Zainab Gimba, has commenced a preliminary inquiry into the transaction and other procurement matters related to the Federal Ministry of Steel Development. The committee's investigation is being conducted in accordance with Sections 88 and 89 of the 1999 Constitution and Order 17 of the Standing Orders of the House of Representatives.
The petition questions the process surrounding the allocation of iron ore and the implications for the federal government's efforts to revive the Ajaokuta Steel Company Limited. The committee aims to ensure compliance with the Public Procurement Act, 2007 and safeguard public funds.
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