ALSCON: RUSAL wants $502m compensation

Rusal, the Russian company which bought the controlling shares of the Aluminum Smelter Company of Nigeria, ALSCON, Ikot-Abasi, Akwa-Ibom State, has demanded $502 million (about N78.8 billion) compensation for it to quit the nation’s only aluminum manufacturing company, in line with the Supreme Court order.A top source at the Presidency said the Russians made the demand as an alternative to their