INDIGENES of Oku Iboku community in Akwa Ibom State have protested against what they perceive as asset-stripping of Oku Iboku Pulp and Paper Mill by Negris Group, an indigenous engineering company servicing the energy and industrial sectors.
The people, who took the protest to Itu Paramount Ruler palace, claimed that since the Negris Group took over the mill, the firm had resorted to asset-stripping instead of adding value to the mill.
One of the protesters and community leader, Dr. Demson Ekong, on Monday, listed the items that had been sold out as 22 Isuzu logging trucks, caterpillar; D7, D8, grader, bucker loader, mountain loggers, shredder and excavator.
The people, who took the protest to Itu Paramount Ruler palace, claimed that since the Negris Group took over the mill, the firm had resorted to asset-stripping instead of adding value to the mill.
One of the protesters and community leader, Dr. Demson Ekong, on Monday, listed the items that had been sold out as 22 Isuzu logging trucks, caterpillar; D7, D8, grader, bucker loader, mountain loggers, shredder and excavator.
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