Institute petitions presidency over ALSCON neglect despite Supreme Court rulings
The Institute of Chartered Economists of Nigeria (ICEN) has petitioned the Presidency over the politics and litigations frustrating the functioning of $3.1 billion Aluminium Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom state for 23 years running. ALSCON has been shut down for years with thousands of its workers sent to the labour…
How Nigeria, others lost N109.21b to ALSCON’s gas shut in, by expert
Nigeria and companies that were affiliated to the Aluminum Smelter Company of Nigeria (ALSCON) at Ikot Abasi, Akwa Ibom State may have lost over N109.2b to the closure and subsequent gas shut in that followed.
ALSCON seek resolution of gas challenges for operation resumptions
The Aluminium Smelting Company of Nigeria (ALSCON), Ikot Ibasi, Akwa Ibom State, is set to recommence operations as the Bureau of Public Enterprises (BPE), and other critical stakeholders of the company are reaching a resolution....
Supreme court rules on ALSCON ownership
After years of legal battle and frustration, the Federal Court of Appeal, Abuja, will on September 27, 2018, give judgment on the authentic ownership of Aluminum Smelting Company of Nigeria (ALSCON). Same court had earlier fixed judgment for June 27, 2018, but adjourned to September 27.
Aggrieved former aluminum workers call for BPE’s probe
Former Aluminum Smelter Company of Nigeria (ALSCON) workers have called for the immediate probe of the activities of the Bureau of Public Enterprise (BPE) in view of the lingering crisis bedeviling the company. This came in reaction to a report in The Guardian of June 8, credited to the Director General of BPE, Mr. Alex…
ALSCON to resume production this year, says BPE
The multi-million naira Aluminium Smelter Company of Nigeria (ALSCON), Ikot-Abasi, Akwa Ibom State, which privatisation since 2004 has been mired in controversy...
ALSCON: Privatisation gone awfully wrong
To date, Ikot Abasi Town, in Ikot Abasi Local Council of Akwa Ibom State, still plays host to a number of colonial and neo-colonial relics of national importance. Peopled by a handful of civil servants, the area is home to predominantly farmers, fishermen, and sundry artisans.
Timothy: Blame government, BPE for ALSCON’s sad story
My association with aluminium outfit started in 1991, that is, from the point of clearing the land, when we had FEEROSTAAL AG, Julius Berger and other companies that were part of building ALSCON. I had the dream of growing with the firm. Not long after work commenced on the site, I was engaged by FEEROSTAAL AG
Stories about asset stripping not correct — Monarch
Since the new management, which is ALSCON-RUSAL took over, the company related well with its host community. In fact, the company gave us 24-hour power supply until the place was closed down. So, I would say that they were quite good to the community, despite the hard times or the hardship that they went through.
ALSCON’s collapse dashed our hopes —Eshiet
When the Aluminium Smelting Company of Nigeria (ALSCON) came on stream and production commenced, we were a very happy as our people benefited and Ikot Abasi was bubbling, socially and economically, just like Eket. Unfortunately, ALSCON came, blossomed like a beautiful flower and then died.