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Federal government denies claims of selling Ajaokuta steel company

The federal government has debunked the reports that it has plans of selling the over $8 billion Ajaokuta Steel plant in Kogi state, despite its redundancy.

Ajaokuta Steel belongs to federal govt – Kayode Fayemi

The Ministry of Mines and Steel Development has debunked the media reports, credited to one Dr S.O. Nwanbuokei, a director of Global Steel Holdings Limited (GSHL) that the protracted litigation surrounding the ownership of the Ajaokuta Steel Complex had not been resolved.

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