The sellers of substandard iron products are again reportedly opening their shops to continue business as usual after they allegedly paid bribes to some officials of Standard Organisation of Nigeria (SON). Recall that SaharaReporters had earlier reported how the Iron Rod and Steel Distributors Employers Union of Nigeria (IRSDEUN) called for the dissolution of the current management of the Standard Organisation of Nigeria (SON).
The Iron Rod and Steel Distributors Employers Union of Nigeria (IRSDEUN) has hailed the Standard Organisation of Nigeria (SON) for sealing off African Steel
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This was contained in a petition addressed to the anti-graft agency.
The petition revealed that a 1994 business transaction between Baliol Nigeria Limited headed by the petitioner (Adebimpe) and Navcon Nigeria Limited owned by a group of Indians in collaboration with some Nigerians led to litigation which earned the later company (Navcon) the judgment debt.
It was revealed that the litigation which began in 1995 at a Lagos High Court with Ref. No. LD/1130/95 ended at the Supreme Court in Suit No. SC/57/2003, Abuja in 2010 in favor of the petitioner, but, regrettably, the judgment debtor has till date refused to abide by the judgment despite all efforts by the petitioner.