Group under the aegis of The Emerging Delta (TED) has called on President Muhammadu Buhari to investigate the alleged callous and wicked activities of Indian firm, Premium Steel and Mines Limited that took over the management of Delta Steel Company (DSC) from Global Steel in order not to bring the company to comatose.
A petition signed by the Convener of the Goup, Stanley Efe made available to Urhobotoday.com alleged that for over six years that the India company took over the management of DSC, they have not been able to fix major components units to recycle scrap to produce rods and billet.
In the petition which was equally forwarded to the President of the Senate, Delta State Governor, Senator Ifeanyi Okowa and AMCON, the goup claimed that investigative visit to the company at Ovwian/Aladja, in Udu LGA of Delta State revealed a can of worms that had been perpetuated by the Management of the company to bring DSC to its kneels.
The Group alleged that instead of rolling out measures to resuscitate the almost moribund steel giant, Premium Steel is currently selling off the properties and assets of the company they acquired when they took over.
“One begin to wonder why a Company that took over the management of DSC with the sole aim of revamping the company and commence production will resort to selling off their properties and assets like caterpillars, vehicles, transformers, generators, ranes, excavators and other production machineries within the company premises. This is totally unacceptable and we condemn it. Premium Steel andMines Limited must be stopped from further plunging DSC and her staff into untold hardship.
“Your anti-corruption stand aimed at making Nigeria a better place for us all is widely applauded. If Nigeria must regain her place as a major steel producing country in the world, then management of Premium Steel must be called to order, if possible sanctioned. Our National assets should not be disposed off as scrap when in actual sense, they can be revived to start operating optimally and efficiently.
“Excellency Sir, please do the needful and save our souls before Premium Steel and Mines destroy DSC and run away. We cannot continue this way,” the group appealed to Buhari

BELOW IS THE PETION:

Attn: His Excellency,
Mohammadu Buhari,
President, Fed. Republic
of Nigeria.

Sir,

*SOS LETTER: PLEASE STOP PREMIUM STEEL & MINES LTD FROM SELLING OFF DSC*
I am writing to draw your attention to the callous and wicked activities of the Indian firm, PREMIUM STEEL & MINES LTD that took over the management of Delta Steel Company (DSC) from GLOBAL STEEL. This has become necessary in order to stop PREMIUM STEEL from selling off DSC, thereby bringing the Company to a comatose.
For over six (6) years that PREMIUM STEEL took over the management of DSC, they have not been able to fix major components, units to recycle scrap to produce rods and billet.
An investigative visit to the Company at Aladja, in Udu LGA of Delta State shows a can of worms been perpetuated by Management to bring DSC to its knees. Instead of rolling out measures to resuscitate the almost moribund steel giant, PREMIUM STEEL is currently selling off the properties and assets of the Company they acquired when they took over.
One begin to wonder why a Company that took over the management of DSC with the sole aim of revamping the Company and commence production will resort to selling off their properties and assets like Caterpillars, Vehicles, Transformers, Generators, Cranes, Excavators and other production machineries within the Company premises. This is totally unacceptable and we condemn it. PREMIUM STEEL & MINES LTD must be stopped from further plunging DSC and her staff into untold hardship.
Your anti-corruption stand aimed at making Nigeria a better place for us all is widely applauded. If Nigeria must regain her place as a major steel producing Country in the World, then management of PREMIUM STEEL must be called to order, if possible sanctioned. Our National assets should not be disposed off as scrap when in actual sense, they can be revived to start operating optimally and efficiently.
Excellency Sir, please do the needful and save our souls before PREMIUM TIMES & STEEL destroy DSC and run away. We cannot continue this way!

Thanks

Stanley Efe
Convener,
The Emerging Delta (TED)
Asaba.

cc: The Senate President,
NASS, Abuja