Obajana: Kogi Drags Dangote Group to Court •Seeks nullification of agreement on cement company •Orders restraining Dangote from taking benefits from alleged ‘incompetent agreement’ Al
•Orders restraining Dangote from taking benefits from alleged ‘incompetent agreement’The Kogi State Government on Tuesday commenced legal action to reclaim ownership of former Obajana Cement Company which is now known as Dangote Cement Plc.
Among issues raised for the court’s determination are 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, respectively, it was not apparent that consideration was lacking? In addition, Kogi State is further seeking another declaration that the clear lack of consideration in the agreements render them null and void.
“An order of perpetual injunction restraining Dangote Industries Limited, any of its agents or assigns from further utilising and or taking any benefit from the agreement dated July 30, 2002 and February 14, 2003 between the Kogi State government and Dangote Industries Limited.” She confirmed that the Kogi State government and Dangote Industries Limited entered into two agreements on July 30, 2002 and February 14, 2003, for the purpose of producing cement for the economic benefit of the people of Kogi State.