Okonjo Iweala Connived with World Bank, IMF to Write Off Ajaokuta Steel Company

Former Minister of Finance, Ngozi Okonjo Iweala has been accused of collaborating with international financial institutions against the interest of a promising local company.

The Secretary General of African Iron and Steel Development, Dr. Mohammed Sanusi has accused erstwhile Minister of Finance and Coordinating Minister of the Economy in the President GoodLuck Jonathan administration, Dr. Okonjo Iweala of conniving with the World Bank and the International Monetary Fund (IMF) to write a phoney audit report on the Ajaokuta Steel Company.

He said the report, which adjudged the company as lacking in prospects was to serve the interest of powerful nations, especially the West, who markets their iron and Steel in Nigeria and other African countries.

Speaking with DAILY POST in Abuja on Tuesday, the Scribe lamented that it was the fourth time international finance organisations would capitalize on corrupt tendencies of Nigeria government officials, who were always ready to compromise and write-off Ajaokuta Iron and Steel Company, despite its huge prospects of being Nigeria’s biggest revenue earnings and employer of labour.

“There was a lot of sabotage going on and I have four different report which were initiated by World Bank against Ajaokuta Steel Company”, Sanusi said.

He added: “another group, which has links with World Bank and IMF were invited from Britain by Bureau of Public Enterprises; they came and condemned Ajaokuta, and when we the stakeholders pointed out their mistakes, they left and never came back to Nigeria up till date”.

Dr. Sanusi also recalled that he faulted the power point presentation of another group, which were brought in by the former Minister of Finance, Dr Okonjo Iweala known as “Nigeria Infrastructure Advisory Facilities”.

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14 Responses to "Okonjo Iweala Connived with World Bank, IMF to Write Off Ajaokuta Steel Company"

  1. Usman says:

    This the height of propaganda. I wonder why these lies are being spread around about Okonjo Iweala. Dr. Mohammed Sanusi should be careful about making spurious allegations without facts. Okonjo Iweala is one woman everyone know as someone who is accountable and transparent in all her dealings. You better be careful before you spend the small money you’ve stolen in court for making baseless allegations.

    Reply
  2. Raman says:

    This is rubbish. I wonder where this so called Dr. Mohammed got this lies from. This is just a destructive criticism to tarnish the image of madam Iweala

    Reply
  3. Carol says:

    Dr. Mohammed should stop being a partisan politician, he just wants to use every opportunity to destroy the good name of Okonjo Iweala. This is a plot just to damage Okonjo’s reputation. This story is rubbish

    Reply
  4. Bade Adebolu says:

    People should just stop been propangandic in your reportage. You guys are just hungry people who are products of the harsh economic realities created by the Buhari administration. Nonsense Dr Whatever who wrote this article. It is obvious you wrote on politico-emotional point of view.

    Reply
  5. Kulibally says:

    Dr. Okonjo-Iweala would be vindicated from all the lies Dr. Mohammed and er envious enemies have spread across the nation. We support you all the way madam, and we will continue to pray for you to keep up the good work, these enemies have failed, and will keep failing.

    Reply
  6. Mandy says:

    Wickedness is what is at play when you see people say things they know is not true. Okonjo Iweala is not a corrupt public officer. Stop polluting the minds of Nigerians. Dr Mohammed should be sued for these lies

    Reply
  7. Linda says:

    Corruption is when you propagate lies against the innocent. Madam I weala is innocent and even the president knows that so he will not bother to waste his time on baseless allegations

    Reply
  8. Asunny says:

    Nigeria is blessed to have someone like Dr Okonjo-Iweala as the coordinating minister of the economy. With more people who have her kind of commitment towards eliminating graft and blocking leakages, Nigeria will be on a path of irreversible progress. Saying all this is baseless and unfounded and even the president knows so. Dr. Mohammed go back to your sponsors and tell them that the lies against Dr. Okonjo will not work, because Nigerians know the truth.

    Reply
  9. Solomon says:

    Thank God for someone like Madam Iweala who does not only recognise the challenges facing Nigeria but also taking practical steps to address them. She did all this and what we want to do is to damage her reputation? It’s not fair.

    Reply
  10. Kemisola Robert says:

    I wonder what people hope to get from tarnishing other peoples image. Stop propagating lies about Dr Okonjo Iweala, She is a woman of integrity. Words like ‘conniving” shouldn’t be associated with her name rather be replaced by respect and charismatic. God bless you Dr Iweala.

    Reply
  11. Fikayo says:

    How can a woman charged with the responsibility of building the nation’s economy connive with international bodies who have clean records of operation to discount Ajaokuta Steel Company? This is absurd and uncalled for, it is obviously a scheme to indict our dear Dr. Ngozi Okonjo-Iweala.

    Reply
  12. Rukayat says:

    Why would someone want to pull Madam Ngozi Okonjo-Iweala down with this insinuation? There is no sabotage whatsoever as to conclude that World Bank and IMF is interested in downsizing Ajaokuta Steel Company.

    Reply
  13. Micheal says:

    It is true that Dr. Ngozi Okonjo-Iweala has used every means to curb corrupt practices in the financial sector, and so it is hypocritical and demeaning to conclude that she has compromised or written-off Ajaokuta Steel Company. I mean, this is a set-up!

    Reply
  14. Afeez says:

    It is easy to accuse Madam Ngozi Okonjo-Iweala of conniving with World Bank and International Monetary Fund since she has worked with these companies at one point or the other, this is totally stupid and unfair.

    Reply

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