A major crisis has broken out over the purported sale of Delta Steel Plc, Aladja.
Premium Steel and Mines, a company owned by frontline businessman Sunil Vaswani, says it has bought the troubled steel giant, promising to inject N70 billion in the first phase and N300 billion in the subsequent phases.
But a lawyer, Chief Ajibola Aribisala (SAN), who was appointed the receiver/manager of the company by the Asset Management Corporation of Nigeria (AMCON), yesterday urged President Muhammadu Buhari to cancel the deal which, he said, was at a great loss to the country.
Premium Steel and Mines, a company owned by frontline businessman Sunil Vaswani, says it has bought the troubled steel giant, promising to inject N70 billion in the first phase and N300 billion in the subsequent phases.
But a lawyer, Chief Ajibola Aribisala (SAN), who was appointed the receiver/manager of the company by the Asset Management Corporation of Nigeria (AMCON), yesterday urged President Muhammadu Buhari to cancel the deal which, he said, was at a great loss to the country.















































