BFIG moves to take over ALSCON plant in Akwa Ibom from RUSAL

BFIG moves to take over ALSCON plant in Akwa Ibom from RUSAL

Following a January 2024 Supreme Court judgement, BFIG corporation has begun the process of taking over the moribund Aluminum Smelter Company of Nigeria (ALSCON) in Ikot Abasi Local Government Area of Akwa Ibom State from its current operators, RUSAL. It would be recalled that the apex court had, since 2012, ruled that the BFIG group is the preferred bidder for the smelter but RUSAL said that it had secured judgement from the London Court of Arb…