Justice Binta Nyako of a Federal High Court in Lagos, on Tuesday, decided to conduct a single hearing in a suit filed by billionaire businessman, Aliko Dangote, through his company, Dangote Cement Plc, against one of his keen competitors in the cement manufacturing sector, Ibeto Cement Company.

In the suit, Dangote is seeking the revocation of an alleged import waiver granted Ibeto Cement Company.

Dangote equally wants the court to compel Ibeto and its subsidiaries to pay to the federal government some unpaid import duties estimated at billions of naira.

The judge, in a ruling on Tuesday, opted for a simultaneous hearing of Dangote’s originating motion and the defendants’ preliminary objection in order to save time.

She maintained her position to take all pending applications at once despite argument to the contrary by the two lead defence lawyers, Onyechi Ikpeazu and Fabian Ajogwu.

Dangote claimed that Ibeto, acting in concert with its subsidiaries, IBG and Derima Ventures, allegedly suppressed facts and acted fraudulently in obtaining a consent judgment against the federal government in consolidated suits marked FHC/ABJ/CS/400/2006 and FHC/ABJ/CS/496/2010.

In the consent judgment, the court ordered the government to pay Ibeto about N7.8 billion for the unjustified closure of its plant between 2005 and 2007 and set aside a 2010 presidential directive raising import duties and abolishing the import waiver granted Ibeto between 2007 to 2017.

Ibadiarann: So What? I beg next story.

Korrection: I dont think you have plans of building a house ...i bet you didnt read this thread before commenting..Niaraland is now filled with kids....when someone monopolizes business in a country it becomes very hard for anyone to afford the commodity.....if there are competitions just like in the telecommunications sector...things will be affordable..NO TALK SAY E NO CONCERN YOU....GROW UP

Ibadiarann:

And your comment has changed the situation. You are a real grown up.

CHIDI EJIOGU: This dangote person is a serious tribalist.
what does he against the igbo people? He not only succeeded in collecting the licence of my kinsman but he has made sure that no cement plant will function in the East.This hausa kunta kunte that made money thro dinning with the generals will meet there doom one of these days.

ideaz: Why should Dangote be the one fighting FGN fight?

conyema12: Why is dangote scared of competition? After monopolizing the cement industry to the detriment of Nigerians.

Why has the prices of cement not reduced as promised by our government?

Why is dangote instituting a case againt another competitor concerning import waiver even though its is supposed to be the work of the FG.

The nefarious action metted out by Dangoted via OBJ to Ibeto to ban him in 2005 resulted to colosal loss in business even after importing millions of tons of cement. I like the resilience shown by Ibeto and he was not detterred. This court case is just a minor issue for him to handle.

Billyonaire: I dont get it, is Dangote representing the Federal Government, why is he suing for Federal Government's interest. Methink its finding ways to fight a competitor without reasons directly concerning him. Monopoly isnt good.

ifechukwue1: dangote is a greedy extremist minded hausa man imagine. after conniving with obj. against ibeto 4 abt 4yrs dis devilish malam is nt tired of conniving May God purnish him n dat his business..,.i'll neva buy anymore of dangote goods again he's a bastard

CHIDI EJIOGU: This dangote person is a serious tribalist.
what does he against the igbo people? He not only succeeded in collecting the licence of my kinsman but he has made sure that no cement plant will function in the East.This hausa kunta kunte that made money thro dinning with the generals will meet there doom one of these days.

ZUBY77: Dangote is such a wicked business man. Do you know how much a ag of cement cost in the east? He is following the trend of marginalizing igbos since after the war. Your time is up dangote. No one can stop a moving train

ifechukwue1: dangote is a greedy extremist minded hausa man imagine. after conniving with obj. against ibeto 4 abt 4yrs dis devilish malam is nt tired of conniving May God purnish him n dat his business..,.i'll neva buy anymore of dangote goods again he's a bastard