Aluminun was widely recognised as on one of the most cartelized industries in the world. After the cold war, there was a mad rush by the world powers to control strategic minerals in the world. The world powers tried to build their economies through the control of the life - long infrastructures and minerals, especially crude and aluminium.

Russians identified 12 strategic minerals of the world. They assembled team of entrepreneurs; notable among them was UC Russel, with a mandate to study world aluminium production and consumption. Having lost the opportunity to acquire and lease lands in countries with huge deposits of bauxite. The Russians entrepreneurs and technocrats came out with a strategy to acquire all aluminium plants around the globe and voted out fund for it\'s actualization.  The Russians set up an agenda to buy and confiscate aluminium production plants and infrastructures as their global asset.

At a time when the price of aluminium was up to $2000 per tone, they were still releasing below 10% of their production to the global aluminium market. At that $2000 per tone aluminium plant in Russia was producing 100% of their full capacity. These imply more jobs in Russia  and less jobs and under-development in Africa. They refused to use the full capacity of aluminium production globally. They tried to shut down aluminium plants in Africa by corrupting the government officials and dominating  the supply and keeping production quantity at the level they want while using Africa to determine the price of the production in global market.

The ripple effects of this trend on nation economies vary; for the developed countries like Russia it meant job, progress and political advantages over rival nations. For developing countries like Nigeria, it meant exploitation, pollution and destruction of our way of life and economies. The extraction of bauxite a mineral found mostly in the developing countries has been profitable to the growth of Multinationals corporation leaving behind a trouble culture and negative environmental legacy. Russian as a global actor in aluminium production, supply and demand has influenced the interaction of aluminium global market forces, enthrenching Russians aluminium oligarchy and dominating the key aluminium players in the world.

That was the ordeal of Aluminium Smelting Company of Nigeria (ALSCON) of Ikot Abasi, a lifelong aluminium plant duely bidded and won by BFI Group under the chairmanship of Alabo Dr Reuben. Mietamuno Jaja. BFI Group was one of the two core investors interested, in acquiring the 77.5 percent Federal Government equity in the $3.2 billion plant. Having gone through rigorous litigation, the Supreme court still ruled in their favour as the valid winner of the bid. The federal government of Nigeria and its Bureau for Public Enterprise (BPB) has openly sabotage the economics of our nation through a grand conspiracy with foreign collaborators against the interest of Niger Delta people.

Ikot Abasi the host community of ALSCON is now a ghost of itself. The ones vibrant economic hub is devoid of business including Banks. Aluminium Smelting Company of Nigeria (ALSCON) have the potential of providing 1500 Nigerians with direct employment and saving the nation over $16 billion from importation for local production aluminium products annually. In the view of this political strangulation and economic stagnation, there is hope that in the not too distant future, our dream of having ALSCON producing at its full capacity, employing our teaming youth and developing our communities will be realized.