The Kogi State Government has filed a suit before a Kogi State High Court in Lokoja against Dangote Industries Limited over the ownership of Obajana Cement Plant. In the originating summons, according to Daily Independent, the Yahaya Bello-led state government prayed the court to determine whether, upon careful examination and consideration of the agreements made between the Kogi State Government and Dangote Industries Limited on July 30, 2002, and February 14, 2003, it is not apparent that consideration is lacking.
October 20, 2022She, however, noted that no benefit by way of consideration was passed from Dangote Industries Limited to the government.
The suit further prayed the court to determine whether, in view of the clear lack of consideration , the agreements made between the state government and Dangote Industries Limited on July 30, 2002, and February 14, 2003, respectively, are not null and void. According to the suit, the state government is asking the court for “a declaration that Dangote Industries Limited cannot take any benefit, interest or rights from the incompetent agreements entered into on July 30, 2002, and February 14, 2003, respectively, having failed to furnish any consideration to the Kogi State Government.
The Secretary to the Kogi State Government, Folashade Arike Ayoade in an affidavit in support of the originating summons said Obajana Cement Company was solely registered in 1992 by the state government.
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