[quote author=Vaughanlanrewaj post=100730629]With all the grave allegations raised in the memo by Dangote Sugar and Flourmill, if Rabiu/BUA that is a black kettle will be calling the black pot Dangote black, then he must think the rest of us are dimwits.

He bought over a federal government sugar factory, did tashere work as decoy and abandoned it then started importing cheap unrefined sugar from overseas to frustrate his competitors in an unpatriotic act of economic sabotage and still enjoy concessions and Fx at concessionary rate to further rip off the system!

I guarantee them that it is what happened to those before them who behaved badly in this manner of sabotage is what awaits them too. Someday, all these assets you all are acquiring at the expense of national interest by sabotaging our national economy will be nationalised as recompense to the citizens you are all cheating now.

The FG should be bold to do what SEC did with Oando! Set up a Judicial Panel and expert committee of investigators to investigate all of them in the Cement and Sugar scandal and anyone sabotaging the country should have his management sacked and interim management appointed to follow through on the implementation of the National Sugar Master Plan.


Honestly I don't know what National Assembly and EFCC are waiting for before moving in like they did with MTN. EFCC should move into these companies in this sugar and cement scandal and investigate these serious economic crimes being allegedly committed by Rabiu in the Sugar and Dangote and others in the cement scandal. There is a criminal element of these serious allegations and SEC should protect investors who have bought the shares of BUA,Dangote Cement, Wapco Lafarge etc.


All of them must be investigated by SEC, CBN, EFCC and the customs and anyone or company indicted should face the music.
Enough of all these unpatriotic economic saboteurs by these people we expect to even be above board in terms of national affairs.

Nigerians, please don't sleep and act as if you are helpless. Report BUA to SEC, EFCC and CBN. I know even if none will act, Securities And exchange Commission (SEC) will act to protect investors who may lose their investment in BUA ,Dangote Cement, Lafarge WAPCO in the event they face criminal prosecution or/ and heavy fines. If SEC can ban foreign stocks trading apps and CBN can ban crytocurrency, these economic sabotage going on in the Sugar and cement sectors must not be treated with kids gloves. Rabiu, Dangote and all of them are not above the law or more Nigerian than the rest of us.
SEC and EFCC in particular should get to work immediately in national interest. Kilode gan!Was the 1914 amalgamation done for only Dangote and Rabiu ni?visit www.freestuffsng.com for latest freestuffs in Nigeria. God bless Nigeria.

You have really spoken well. But I don't think that probing into the affairs of Dangote, BUA and co will see the light of the day. This is because the government made them too powerful that they single handedly control those lines of business in Nigeria. These men can give anything to retain those lines of business as long as possible

So Dangote can do more by monopolizing every commodity in naija abi? see how stupid and cruel you are. As una say make BUA food no done,I swear dem no go sell stove for una....rubbish people with wickedness

No news here.

All of them are rent collectors.

aspiring44:
China mbonu .

Analyst abi . When he couldn't managing Banking very well . He is now analysing .

The fact that he started his career as a banker does not mean that he should and it there!

Vaughanlanrewaj:


Apparently you didn't get the point sir. Please kindly go and read the memo again. Except you are not a Patriot, sir ,you will cringe!
It's been years these national assets were sold to BUA at good rate just like the CCNN he used his kala-whatever company to buy and some of us rejoiced that our supposed patriots will go into that space and make decent profit, create jobs and not increase our national woes.
He is getting fx at special consideration but rather than invest the funds to complete the sugar refineries, he is going overseas to import unrefined sugar to cheat his competitors and if not stopped, his competitors will soon fold up and lose their investments.

Pls humor my ignorance
Could you please name 2 of these competitors that is also not importing sugar and re bagging?

Just 2 of them ols

We should all be on the same page to insist that they all do the right thing for the national interest.

What is the right thing?
Producing at 400 naira what can be imported for 300?
Does this look right to you?

If they don't and think they can get away with cheating Nigeria and Nigerians,

How did they cheat Nigerians?
Did they stop you from planting sugarcane or setting up your own refinery?

Or you prefer where govt place tariff on what we clearly cannot produce now making it cost 800 instead of 300 that you're complaining about

then they have not learnt from history. One government will come in the future and recover all the billions they are being alleged to have unfairly benefited from.

And you think the billions will reach you after it has been recovered?

My Christian faith warns squarely that if you want to gather wealth, don't do it unrighteously because if you do, you will in the long run lose all

My own Bible says thou shall not steal
I have not seen where any of these men have put hand in your pocket to buy sugar by force from him. Boycott the sugar if you don't think it's a Good deal

. It is in their own interests to quickly retrace themselves even though it is now too late because FG agencies will move in. Especially SEC and EFCC .

After they move in what will happen?
Patapata they cease operation
They're already billionaires
Now you will buy sugar through your nose as govt agencies will never ever produce a single grain for you

It is then your eye will clear

Economics is simple
Demand supply

No be by patriotism or lament fa

Na by production

They are seriously cheating we Nigerians.