Omo-Agege Drops Bombshell, Reveals How Atiku Sold Delta Steel Complex For Peanut Despite FG’s $1.5bn Set Up Capital In 1980

Hamilton Nwosa
Writer

Ad

Israel’s strike on Hamas leaders in Doha ignites global backlash, tests US-Qatar ties

By Obinna Uballa Israel’s unprecedented strike on Hamas leaders in Qatar’s capital Doha on Tuesday has triggered an international backlash, raising fears of a wider regional escalation. Hamas says six people were killed, including one Qatari security officer, but insists its senior negotiators, led by Khalil al-Hayya, survived. The Israeli military confirmed it carried out…

‎ ‎How Conflict and Piracy Endanger Global Oil and Gas Transit ‎

Rystad Energy's analysis indicates that the world's five most critical maritime chokepoints are facing escalating risks from conflict, piracy, and environmental hazards, posing a growing threat to global energy security. ‎ ‎These chokepoints, including the Strait of Malacca, Strait of Hormuz, Suez Canal/Bab el-Mandeb, Turkish Straits, and Cape of Good Hope, are vital for transporting…

Ranked: The Size of European Economies by GDP (PPP) in 2025

Key Takeaways Western Europe makes up the largest portion of the $43.8 trillion PPP-adjusted European economy, when measured in International dollars. Eastern Europe ($12.8T) outperforms both Northern ($7.8T) and Southern Europe ($8.3T) in PPP terms, helped in large part by the Russian economy ($7.2T). However, by nominal USD terms, Eastern Europe is the smallest ($4.6T), outweighed by…

Ad

…Chief Morrison Olori, other PDP bigwigs dump party for APC

The corruption charges against the former vice president and Presidential Hopeful of the Peoples Democratic Party, (PDP) Alhaji Atiku Abubakar, are not in any way abating as the Deputy President of the ninth Senate and governorship candidate of the ruling All Progressives Congress, (APC) in Delta state, Senator Ovie Omo-Agege, (CFR) has probed Atiku’s alleged involvement in selling the Delta Steel Complex at a pantry sum of $30m during his tenure in office as the Vice President of Nigeria.

The Delta state APC Governorship hopeful who made the surprising disclosure on Thursday at the ongoing ward to ward campaigns at Orhuwhorun, Enerhen and Ugboroke, also noted in dismay that the sale of DSC destroyed the economic livelihood of the region.

According to the Senator, the Delta Steel Complex was set up with the sum of $1.5 billion by the then Alhaji Shehu Shagari-led administration in 1980, but the Chief Olusegun Obasanjo’s administration inexplicably sold it off at a paltry sum of $30m under the supervision of Atiku Abubakar.

He described the current situation at the moribund DSC as unacceptable, because it has impacted negatively on the economic livelihood of people in the area, and promised to revisit the issue when he becomes governor.

“We need companies that would create jobs for our youths. Hence, I will revisit the DSC issue when I become governor. The era of PDP is gone, the era of Okowa and Sheriff is past.

“Now we need a new government that has concern for the interest of the people. I commit to you that I will construct a bridge from Enerhen waterside to Opete. I also commit that when I become governor, I will construct a flyover at Enerhen Junction to decongest the traffic there.”

The APC mega rally also witnessed high profile members of the PDP, among who are billionaire businessmen, Chief Morrison Olori; former Education Commissioner, Mrs Veronica Ogbuagu; and Engr John Uviejitobor decamped to the APC

It would be recalled that the All Progressive Congress’s (APC), on Wednesday, called on Atiku Abubakar to respond accordingly to the leaked audio conversation he had with a former aide, Michael Achimugu on special purpose vehicles, (SPV) used to designated funds stolen during the process to political allies to fund the Peoples Democratic Party, (PDP) activities without traces.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp