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BREAKING!!! Buhari Moves To Shut Ibeto Cement Allegedly To Favour Dangote - Business - Nairaland

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BREAKING!!! Buhari Moves To Shut Ibeto Cement Allegedly To Favour Dangote by holysina(m): 6:58am On Dec 07, 2015
Information available to IGBERE TV obtained from sources knowledgeable of the goings on within the Presidency indicate that the President of the Federal Republic of Nigeria, Mohammadu Buhari may have knowingly or unknowingly approved the decision by his kitchen cabinet to halt the shipment of cement belonging to the Nnewi business mogul, Chief Cletus Ibeto, the Chief Executive Officer [CEO] of Ibeto Cement company. This is as IGBERE TV gathered that of the entire importers of cement in the federation, only Ibeto cement was halted from reaching the shores of Nigeria.
According to reports, an approval of yearly importation quota of 1.5million metric tons of cement was giving to Ibeto by the federal government of Nigeria. And as gathered, the company – Ibeto Cement had complied. However, with the arrival of the President Mohammadu Buhari led administration, the rules of the game changed midway.
The arrival inevitably struck the importation arrangement of Ibeto Cement with a bad fist. The policy makers of the Buhari kitchen cabinet quickly sought to halt the shipment of cement by Ibeto cement through means that appeared illegal or simply misuse of power. The President’s men took to the garnet when they got information that Ibeto Company had a shipment of cement on the high-seas making its way into the country. They immediately ordered the shipment be halted and not allowed entry into Nigerian ports.

As the managers of Ibeto Company inquired on the reasons for the refusal to allow the ship to dock, the kitchen cabinet of the President immediately searched the law books but could not give an immediate reasons or quote a law that supported its actions. The CEO of the cement company, after lobbying for weeks to find out why the President’s men stopped his shipment, was told that the source of the money which he [Ibeto] used to import the said cement was not sourced from the Central Bank of Nigeria [CBN] – and so the shipment will not be allowed to offload in Nigeria.

SOURCE: http://www.afikpochicupdates.com/14593

Re: BREAKING!!! Buhari Moves To Shut Ibeto Cement Allegedly To Favour Dangote by weezii(m): 7:02am On Dec 07, 2015
if this is true then why won't they be serious to get their new country Biafra.
buhari the world is watching oh

2 Likes

Re: BREAKING!!! Buhari Moves To Shut Ibeto Cement Allegedly To Favour Dangote by cliffbecks: 7:30am On Dec 07, 2015
holysina:
Information available to IGBERE TV obtained from sources knowledgeable of the goings on within the Presidency indicate that the President of the Federal Republic of Nigeria, Mohammadu Buhari may have knowingly or unknowingly approved the decision by his kitchen cabinet to halt the shipment of cement belonging to the Nnewi business mogul, Chief Cletus Ibeto, the Chief Executive Officer [CEO] of Ibeto Cement company. This is as IGBERE TV gathered that of the entire importers of cement in the federation, only Ibeto cement was halted from reaching the shores of Nigeria.
According to reports, an approval of yearly importation quota of 1.5million metric tons of cement was giving to Ibeto by the federal government of Nigeria. And as gathered, the company – Ibeto Cement had complied. However, with the arrival of the President Mohammadu Buhari led administration, the rules of the game changed midway.
The arrival inevitably struck the importation arrangement of Ibeto Cement with a bad fist. The policy makers of the Buhari kitchen cabinet quickly sought to halt the shipment of cement by Ibeto cement through means that appeared illegal or simply misuse of power. The President’s men took to the garnet when they got information that Ibeto Company had a shipment of cement on the high-seas making its way into the country. They immediately ordered the shipment be halted and not allowed entry into Nigerian ports.

As the managers of Ibeto Company inquired on the reasons for the refusal to allow the ship to dock, the kitchen cabinet of the President immediately searched the law books but could not give an immediate reasons or quote a law that supported its actions. The CEO of the cement company, after lobbying for weeks to find out why the President’s men stopped his shipment, was told that the source of the money which he [Ibeto] used to import the said cement was not sourced from the Central Bank of Nigeria [CBN] – and so the shipment will not be allowed to offload in Nigeria.

SOURCE: http://www.afikpochicupdates.com/14593
[color=#006600][/color]

This story is not clear yet . Ibeto co. Is not a small company so I want to believe they have their legal team- who advice the company on what to do per time , so let them go to work .Nigerians are watching !

1 Like

Re: BREAKING!!! Buhari Moves To Shut Ibeto Cement Allegedly To Favour Dangote by philfrey08: 7:31am On Dec 07, 2015
I hope it aint true tho...

Since he came in, power was moved to the north.....
I blame Jonathan for not preparing enough for this.

I dont support Biafra but i would support the whole west moving out.

Nigerians are watching!
Re: BREAKING!!! Buhari Moves To Shut Ibeto Cement Allegedly To Favour Dangote by holysina(m): 7:32am On Dec 07, 2015
cliffbecks:
[color=#006600][/color]

This story is not clear yet . Ibeto co. Is not a small company so I want to believe they have their legal team- who advice the company on what to do per time , so let them go to work .Nigerians are watching !

abi, I just pray and hope dis ain't true, to avoid giving my brothers more reasons to protest
Re: BREAKING!!! Buhari Moves To Shut Ibeto Cement Allegedly To Favour Dangote by vonn(f): 7:57am On Dec 07, 2015
Nawa oo
Re: BREAKING!!! Buhari Moves To Shut Ibeto Cement Allegedly To Favour Dangote by Pidggin(f): 9:39am On Dec 07, 2015
When a leader is tribalistic, yet they won't let us go because of oil.
Re: BREAKING!!! Buhari Moves To Shut Ibeto Cement Allegedly To Favour Dangote by healthwealth042: 10:29am On Dec 07, 2015
Can one get Justice in this country, what team of lawyer are u talking about. OBJ did it to ibeto to favour dangote. It was yaradua that restated his licence, he nearly die of heart attack then, he had partial stroke as a result of the shock. Now they want to kill him because he is an Igbo man. Is this how our economy will grow? This is the they promised us. God is watching
Re: BREAKING!!! Buhari Moves To Shut Ibeto Cement Allegedly To Favour Dangote by grownaira: 10:46am On Dec 07, 2015
holysina:
Information available to IGBERE TV obtained from sources knowledgeable of the goings on within the Presidency indicate that the President of the Federal Republic of Nigeria, Mohammadu Buhari may have knowingly or unknowingly approved the decision by his kitchen cabinet to halt the shipment of cement belonging to the Nnewi business mogul, Chief Cletus Ibeto, the Chief Executive Officer [CEO] of Ibeto Cement company. This is as IGBERE TV gathered that of the entire importers of cement in the federation, only Ibeto cement was halted from reaching the shores of Nigeria.
According to reports, an approval of yearly importation quota of 1.5million metric tons of cement was giving to Ibeto by the federal government of Nigeria. And as gathered, the company – Ibeto Cement had complied. However, with the arrival of the President Mohammadu Buhari led administration, the rules of the game changed midway.
The arrival inevitably struck the importation arrangement of Ibeto Cement with a bad fist. The policy makers of the Buhari kitchen cabinet quickly sought to halt the shipment of cement by Ibeto cement through means that appeared illegal or simply misuse of power. The President’s men took to the garnet when they got information that Ibeto Company had a shipment of cement on the high-seas making its way into the country. They immediately ordered the shipment be halted and not allowed entry into Nigerian ports.

As the managers of Ibeto Company inquired on the reasons for the refusal to allow the ship to dock, the kitchen cabinet of the President immediately searched the law books but could not give an immediate reasons or quote a law that supported its actions. The CEO of the cement company, after lobbying for weeks to find out why the President’s men stopped his shipment, was told that the source of the money which he [Ibeto] used to import the said cement was not sourced from the Central Bank of Nigeria [CBN] – and so the shipment will not be allowed to offload in Nigeria.

SOURCE: http://www.afikpochicupdates.com/14593

Trashy and fabricated news.

1 Like

Re: BREAKING!!! Buhari Moves To Shut Ibeto Cement Allegedly To Favour Dangote by sdavirus: 6:44am On Dec 08, 2015
Wow, I heard talk of this, just yesterday, from a partner that knows him. Don't know the details, but there seems to be some truth in it.

One thing I know, Dangote won't be as successful, if the playing field, was level, for all to exhibit their talent. Don't forget about BUA either.

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