11 September 2011
¶2. (SBU) Summary: Earlier this year,
Nigeria 's Bureau of Public Enterprises (BPE) solicited bids in the sale of a majority stake in ALSCON, the state aluminum smelting plant. The bid by an American corporation, BFIGroup Corporation, to acquire the 77.5 percent share in ALSCON allegedly has been thwarted by a lack of transparency in the bidding process, and perhaps some corruption as well.