Would you like to receive notifications on latest updates of the following headlines?

African Steel Denies Shutdown of Facility by SON

POSTED ON May 8, 2024 •   BUSINESS & ECONOMY      BY Abiodun Saheed Omodara
Iron Rod l Credit: indiamart l Source: indiamart.com

The African Steel Limited has debunked reports of a purported shutdown of its Ikorodu Steel Factory by the Standards Organisation of Nigeria (SON) for standards infractions, describing them as untrue.

A statement from African Steel Limited attributed the report to the handiwork of some competitors who thrive in gaining an advantage through unfair business practices.

According to the statement, signed by Ravi Sharma, officials of the SON recently visited the premises of African Steel, Ikorodu in the course of their regulatory oversight, took inventory of already manufactured steel products and took samples for further regulatory processes with proper documentation.

The company is aware that similar regulatory steps were undertaken by SON to the premises of other steel manufacturers across the country, stressing that, at no time did SON Officials shut down the African Steel Limited premises in Ikorodu.

The African Steel Limited is a member of the African Industries Group which commits to the highest ethical standards in all its operations in Nigeria and across the globe. “We therefore assure our numerous Customers of quality products at all times and advise them to ignore the untrue publications”, said Sharma.

Sharma restated the Group’s commitment to upholding the highest standards of its manufactured products and providing services that conform with all regulatory requirements in view of its huge investment in the Nigerian economy which includes an integrated iron ore mining, processing and steel production plant located in Kajuru, Kagarko Local Government Area of Kaduna state with a capital outlay in the region of $600m.

Commenting on the SON’s most recent regulatory activity in the Steel sector, Director, Product Certification, Engr. Enebi Onucheyo corroborated the African Steel narrative and confirmed that neither the facility of the company nor those of any other Steel manufacturer were shut down in the latest exercise.

“Rather, spot inspections were carried out, inventories and samples taken and products were kept on hold with proper documentation to enable SON conduct laboratory tests and analysis in order to arrive at informed conclusions in line with our organisation’s standards operating procedure”, he said.

According to him, the SON nationwide regulatory action was part of routine exercises usually carried out periodically without notice, to checkmate the production and circulation of substandard iron rods in the Nigerian markets.

Engr. Onucheyo stated that the Management of the Standards Organisation of Nigeria is determined to clamp down on standards infractions in all sectors of the economy with particular emphasis on products classified as life-endangering. Such infractions will be duly prosecuted in line with the provisions in the SON Act and other extant laws of the Nation, he said.

The SON Director of Product Certification then called on stakeholders to continue to share valuable information on product standards and safety with SON and other regulatory authorities in the overall interest of the Nation’s economy and the well-being of the citizens.

READ ALSO
IMF Commends FIRS for Reforms, Pledges Continued Support
BY Abiodun Saheed Omodara July 10, 2025 0

The International Monetary Fund has expressed its support for the ongoing reforms at the Federal Inl...

READ ALSO
FG Urges Judiciary to Strengthen Capital Market for Economic Growth
BY Abiodun Saheed Omodara July 8, 2025 0

The Federal Government has called on the judiciary to take a proactive role in strengthening the cap...

READ ALSO
Reinventing Nigeria’s Fiscal Framework: A Call for Unity and Responsibility
BY Abiodun Saheed Omodara July 8, 2025 0

President Bola Tinubu has emphasized his government's dedication to allocating sufficient resources...

READ ALSO
CBN Mandates Capital Restoration Plans for Banks: A Step Towards Regulatory Compliance
BY Abiodun Saheed Omodara July 8, 2025 0

The Central Bank of Nigeria has instructed banks to provide a capital restoration plan as part of it...

READ ALSO
Two Men Charged in CBEX Investment Scheme Remain in Custody
BY Abiodun Saheed Omodara July 8, 2025 0

A Federal High Court in Abuja has placed two businessmen, Aweruso Otorudo and Chukwuebuka Ehirim, in...

READ ALSO
Nigerian States Accumulate N417.7 Billion in Domestic Debt Amid Rising FAAC Revenue
BY Abiodun Saheed Omodara July 7, 2025 0

At least 10 Nigerian states have cumulatively increased their domestic debt by N417.7 billion from t...

READ ALSO
Tinubu Pledges to Eliminate Bureaucratic Hurdles in Agriculture During Bilateral Talks with Brazil
BY Abiodun Saheed Omodara July 6, 2025 0

President Bola Tinubu expressed his commitment on Saturday to his Brazilian counterpart, Luiz Inacio...

READ ALSO
Nigerian Investors Launch $5 Billion Cooperative Trust Fund to Empower MSMEs
BY Abiodun Saheed Omodara July 6, 2025 0

A coalition of Nigerian investors has introduced a Cooperative Trust Fund valued at $5 billion, aime...

OUR CHANNELS:

Ex-D’Tigers coach Brown sets goals for new job
BY Abiodun Saheed Omodara July 9, 2025 0

The former head coach of the Nigerian men's national basketball team, D'Tigers,Mike Brown,has s...


U.S. Reduces Visa Duration for Nigerians to Three Months
BY Abiodun Saheed Omodara July 10, 2025 0

The U.S. Department of State has changed its five-year visa policy for Nigerians applying for non-im...


JAMB Sets 2024 Cut-Off Marks for Tertiary Institutions
BY Abiodun Saheed Omodara July 10, 2025 0

The Joint Admissions Matriculation Board announced the admission cut-off marks for universities, pol...


Federal Government Launches Exclusive Passport Office for Senior Officials
BY Abiodun Saheed Omodara July 10, 2025 0

ABUJA, Nigeria - The federal government on Tuesday, inaugurated a new passport front office in Abuja...


African Democratic Congress Claims Government Coercion to Weaken Opposition Coalition
BY Abiodun Saheed Omodara July 9, 2025 0

The African Democratic Congress (ADC) has accused President Bola Tinubu’s administration of ta...


FG Urges Judiciary to Strengthen Capital Market for Economic Growth
BY Abiodun Saheed Omodara July 9, 2025 0

The Federal Government has called on the judiciary to take a proactive role in strengthening the cap...


Reinventing Nigeria’s Fiscal Framework: A Call for Unity and Responsibility
BY Abiodun Saheed Omodara July 10, 2025 0

President Bola Tinubu has emphasized his government's dedication to allocating sufficient resources...


CBN Mandates Capital Restoration Plans for Banks: A Step Towards Regulatory Compliance
BY Abiodun Saheed Omodara July 8, 2025 0

The Central Bank of Nigeria has instructed banks to provide a capital restoration plan as part of it...


Nigeria Faces Teacher Shortage: Over 31 Million Learners Rely on Just 915,913 Educators
BY Abiodun Saheed Omodara July 9, 2025 0

According to data from the Universal Basic Education, only 915,913 teachers are available for at lea...


Tinubu Calls for Equitable Global Framework at BRICS Summit
BY Abiodun Saheed Omodara July 10, 2025 0

President Bola Tinubu has advocated for a more equitable global framework regarding climate action,...


More Articles

Load more...

Menu