Legislature

Kogi Assembly wields the big stick, shuts Dangote Cement over ownership status

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In its bid to ascertain the true ownership of Dangote Cement Company situated at Obajana in Kogi State, the State House of Assembly has resolved to close it down pending the when relevant documents that transferred sole ownership to Aligo Dangote are presented to it.

The State House of Assembly also wants to know the considerations given to the state during the signing of an agreement between the company and the state.
These considerations included the ten percent shares of Kogi State in the company, the social responsibilities of the company to the state and other benefits.
This was part of the resolutions of the House after the consideration of the ad-hoc committee’s interim report by Hon Isah Tenimu.
The House also directed the Commissioner of Police and the State Commandant of Civil Defence Corps as well as Head of Vigilante Group in the state to ensure that the resolution was enforced
The External Solicitor of Dangote Cement Company, Mr Leeman Salihu had submitted some documents which are Certificate of Incorporation and that of an agreement signed in 2002 and 2003 but craved the indulgence of the House to allow further talk on the issue to be out of public glare.
He pleaded that the House should allow the company engage in further conversation with it and the state economic team which was declined.
The House insisted that Kogi State Cement company could not have been transferred to Obajana Cement Company and then Dangote Cement Company 100 percent without any considerations.

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