The Aluminium Smelter Company of Nigeria (ALSCON) in Akwa Ibom State built at a cost of $3.2bn was sold to a Russian company for $130m, the Senate ad-hoc committee investigating the activities of the Bureau of Public Enterprises (BPE) on the privatisation and commercialization of federal government owned public enterprises from 1999 to date heard yesterday.
Source: http://dailytrust.dailytrust.com/index.php?option=com_content&view=article&id=25095:senate-hearing-32bn-alscon-sold-for-130m&catid=2:lead-stories&Itemid=8
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