Posts

Showing posts with the label Kogi vs Dangote

Gov. Yahaya Bello Hold the Bull by the Neck. Will he See the Light of the Day

Image
google.comgoogle.com, pub-9820276073479546, DIRECT, f08c47fec0942fa0 UNDOCUMENTED ILLEGAL TAKEOVER, FORGERY OF DOCUMENTS RO EVADE 500MILLION DOLLAR TAX FORCE KOGI GOVT TO CLOSE DANGOTE'S BIGGEST CEMENT FACTORY When the Olusegun Obasanjo government sold Obajana Cement to Aliko Dangote in 2003, the Kogi State government retained 10% of the equity in the company. The factory was to later become the largest cement asset in Dangote Cement, Nigeria’s largest listed manufacturing company. Now the Kogi state Government is levelling serious allegations of impropriety against the company even going further to shut down the company’s locations in Kogi State. The Bull is fighting back. The Kogi State House of Assembly claims that based on a recent investigation, no valid acquisition took place for the Obajana Cement Company. They premised this allegation on the fact that the state was not paid for its holdings in the company neither has it received any dividends for its 10% equity