The Senate ad hoc committee set up to investigate alleged cases of corruption and inefficiency at the Ajaokuta Steel Company Limited and the National Iron Ore Mining Company from 2002 to the present has raised alarm over the bogus personnel budget by the troubled company.
At the resumed hearing which involved key stakeholders from the Ministry of Mines and Steel Development represented by the Permanent Secretary, Directors from the Central Bank of Nigeria, and the Bureau of Public Enterprises (BPE), the Nigerian Society of Engineers, and the Steel and Engineering Union Workers of Nigeria, among others, the committee expressed shock that the troubled company could budget N4.2bn in the 2024 budget for workers when in actual fact less then 10 workers are always turning up for work daily.
