The Dangote Cement Plant located in Obajana, Kogi State, has been reopened after being closed by the Kogi State Government over issues bordering on the legality of the company’s acquisition of the defunct Obajana Cement Company.
On its part, Dangote Industries Limited, the parent company of Dangote Cement Plc had maintained that its acquisition of Obajana Cement Company followed due process.The statement noted that the plant and machinery were conceived, designed, procured, built, and paid for solely by DIL, well after it acquired the shares in Obajana Cement Company.
The company further said that the land on which the Obajana Cement Plant is built was acquired solely by Dangote Industries Limited in 2003, and that taxes paid to Kogi Govt yearly since production commenced in 2007. The Manufacturers Association of Nigeria, the Nigeria Labour Congress, the Nigerian Economic Summit Group, the Trade Union Congress, and the Shareholders Associations in Nigeria, had also waded into the conflict.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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