₦airaland Forum

Atarakpa:
Bello would have be the worst thing to happen to Nigeria if he accidentally win presidential election. When he was busy wasting the state money in the name of youth mobilization across the country. I called a good friend of and complain. Which investor is willing or ready to invest in that again. Imagine Nigeria having state police oh my God.......

My friend think very well before you put out your opinion..... so investors will come to your state and acquire your assets illegally, won't pay bills and won't honor invitations and summons? Na investor be dat abi a thief.

You might not like Bello, and I won't join issues with you on that, but please show me a state that is more accommodating to recalcitrant investors than Kogi.

kerry57:
There is more to this whole thing than we the spectators know.
Yahaya Bello, why is it now that ur tenure is ending that u suddenly realized that the company was acquired illegally?
I am more than 95 percent sure that u can't finish this fight and at the same time u can't win it.
Out of all the problems in ur state, Dangote cement is ur no one problem? Do u know how many families that u want to take off their table during this ur temporary madness.
Lastly, can kogi state govt effectively manage the factory?
Collect ur tax in peace, I support that and forget about collecting Dangote factory. Na elephant dream be that.

Are you from Kogi? How well do you know the story apart from the jargon you put here? Yahaya Bello have been fighting this course since day 1., since Dangote remained adamant he has to go this way. I advise you do thorough research before making comments on issues please

The fight is not even about taxes or levies or the atrocious lack of CSR as all of you are supposing - even though all join.

It is a fight for justice, and a claim for rights long and unlawfully denied. It is about ownership, about stolen shares or fraudulently withheld securities belonging to the Great People of Kogi State.

You see, the entity today known as Dangote Cement Plc via change of name at the Corporate Affairs Commission was formerly Obajana Cement Ltd - a company wholly founded and 100% owned by the Kogi State Government long before Dangote Cement Plc came into the State.

Even after the Federal Government of Obasanjo concessioned the mining rights to the conglomerate as core investor, Kogi State was recognized in the shareholding structure, having several commissioners on the Board in their official capacities, all representing the interests of the People.

Then one day, in and around the time of the change of name to Dangote Cement Plc, Kogi State disappeared from the new shareholding overnight. Even if you call it a merger or acquisition or even a chimera born of both, shouldn't the state's shares be adjusted, reflected in the new company's shareholdings and kept for her?

Abeg, those of you in legal practice and financial services, does a change of name at CAC, without more, extinguish shareholdings?

So, where are the shares? How does a State which started out as the founder and owner of a business enterprise, one sited in her domain to boot and whose operational footprints impact so heavily on her people and public resources, end up having nothing at all - without any due process of law?

I have personally visited CAC, SEC and NGX - no registration or filing of the statutory instruments for the sale, transfer or transmission of such shares.

With over 15 years of private legal practice under my belt at the time, and much of it in and around the CAC HQs at Abuja, I have personally pored through the several files of Obajana Cement Ltd cum Dangote Cement Plc (where they exist) at the CAC and those other entities named above - no sign that any form of extinction level corporate event known to our laws occurred to extinguish Kogi State's shareholdings and vest same in the Dangote conglomerate, by whatever way known.

I have conducted search at the Kogi State House of Assembly and scrutinized back resolutions dating way before 2016 when Yahaya Bello firdt became Governor of the Kogi State. Again, no sign that any form of extinction level legislative event by The House (which must, by law, approve such a deal) that is known to our laws occurred to extinguish Kogi State's shareholdings and vest same in the Dangote conglomerate, by whatever way known.

I cannot deny or affirm the suggestion that one or two high-ranking officials of the Kogi State Government in the soulless past might have purportedly dealt with those shares in manners ultra vires their executive offices. Whether they did or did not, anyone relying on those actions, especially a mighty international conglomerate with an army of sharp and eagle-eyed lawyers and accountants, must have been dense to think they can get away with such unlawful wheeling and dealing.

Put simply, a house-boy cannot validly sell his master's shares or lands or similar assets without lawful authorisation, even if he is put in physical custody of the original documents - simply because the law is fixed on how title in those classes of assets can be properly alienated. And never be deceived, despite all the bravado and larger-than-life posturings, State Governors and their appointees are houseboys and housegirls to the people and the state where they hold sway.

In conclusion, Dangote Cement Plc is one of the most profitable companies in Africa, declaring hundreds of billions of naira annually as net profit. 'Net profit' means profit after payment of taxes and other outgoings to the national governments, state governments/other entitlees.

There is also no dispute that the cement factory at Obajana in Kogi State is her flagship and largest cash cow. Where then is the nearly 2 decades of combined dividends, rights issues and other earnings belonging to Kogi State?

For nearly 5 years now since these matters started coming to light under this Administration which is not interested in kickbacks, inducements or personal deals, Governor Yahaya Bello has gone about this dispute the gentleman's way.

He has met with all significant other top-notchers of the company - negotiating, demanding, courting and otherwise trying to recover what belongs to his people - all rebuffed.

Sometimes, when the noise threatens to become too public or some powers above intervene, the company donates something to some effort in the state that is NOTHING compared to what belongs to the state by right which is has been taken away from them.

What Kogi State has now said to Dangote Cement Plc is that nobody wants your charity, we just want our assets. Everything that has been stolen must be returned - good measure, pressed down and shaken together. Full stop.

Reportedly, Dangote has since brought in an army from above to reopen her factory, but that is expected when impunity is a known capitalist. But there is a saying from the South East of Nigeria:

'When the person holding aloft what belongs to a crying child becomes tired, he will be forced to bring down his arms and the child will take back his property.'

Let's watch and see.

Moses Okezie-Okafor

Source: https://m.facebook.com/story.php?story_fbid=pfbid0DzgmGP6gjwLHWVdyro8GEf72rdHJbQeEmhLQyg2GxsEjFJfW2zyUzFtiKVwVHbAFl&id=648669700

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Video currently trending on Twitter showing the moment a young Nigerian, Mike Achimugu set ablaze hundreds of books he authored with H. E Atiku's permission.
The book titled "The Lion of Jada" was published in 2019 and according to the author, Atiku has refused to launch the book and refused to pay him for the expenses incurred on the project despite starting the project with his approval.

You will recall that Atiku launched 3 different books written about Jim just last week, 28th September 2023 but to the surprise of many, The Lion of Jada wasn't part of the books launched by Atiku.,

Source:

HE @atiku I thank you for the permission and opportunity to have packaged THE LION OF JADA since 2019. Today I have burned the books and I am honestly moving on. Your boys may lie online but you and I know the facts. I sincerely let this go today. A few days ago I paid off all.. pic.twitter.com/j0J3aXzUf7

— Michael Achimugu (@mikeachimugu01) October 4, 2022

drololaaof:
Yeye governance in Nigeria the impact of these calamity ought to have been mitigated IF the authorities- State govt, NEMA ,NIMET gave pre advanced warnings for those affected areas to evacuate in the flood prone areas . Year in year out we hear and see wailing after flooding yet no pro active measures the authorities in Florida were queried for not acting proactively to tell people to evacuate before "IAN" Storm strike. People crying for their loss, asking for relief and grants that cannot assuage their loss. The people themselves,ought to know that there area are flood prone especially Lokoja and lower bank of the confluence state.

Do your findings, there warnings are always there

alvan06:
Not like they really care for the people affected only for the gram”they’ll still cash out. Obi Datti the only goal.

You see this una attitude, its why most people won't support your candidates.

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Taxation (Nigeria’s Current Taxation System: How realistic?)
Judiciary and Correctional Services (Efficient service Delivery in the Judiciary and Correctional Services, Challenges and Opportunities)
Social Justice and Internally Displaced Persons (Dehumanization of Internally Displaced Persons, the way forward)
Education (Prioritizing education for National Development)
Housing (Towards affordable Housing for all)
Oil and Gas (Availability and affordability to the citizens)
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Reno is supposed to be Obidient.





They have same xter.

OneCandleAway:
Rest in peace to you my dear.

Lol, I say rest, you dey wish me death. Grow up oh.

OneCandleAway:
I don't need to mention his name. Google it if you don't know cuz everyone knows the Nigerian governor that pays 13th month salary.

Tell your tatatata bello that his end is near. I know so many people suffering in Kogi because of him.

Rest

OneCandleAway:
The governor that pays even 13th month, doesn't owe salary is my governor.

I hope you're not from kogi and defending Bello, if you are you're cursed.

Be proud of your Governor please, mention

OneCandleAway:
My governor doesn't pay salary in percentage.

If not for Dino Melate that knelt down and begged people to help kogi state indigens that year in the senate, they would have died of hunger.

Your Governor doesn't have a name? Or you don't have a state?

OneCandleAway:
But Bello stays in Abuja as I heard.

He goes to visit/work in kogi and comes back to abuja literally same day.

Kogi was unfortunate to have had no choice but vote him.

I don't know your state of origin but I bet Yahaya Bello is better than your Governor

Dem no dey give shi shi

ochejoseph:
Good one!!!!
If PDP must save Nigeria from the disastrous effects of the APC led administration then unity and cohesion is the word!

Dont allow any influencer rail road you into wasting your vote or bringing back APC through the back door!

In other words, a vote for Labour Party will automatically reduce PDPs vote and make APC win.

Breaking traffic rules is like committing murder

I like the publicity this is getting, we need to be a sane people before we can get leadership right.

Some will still defect to LP, APC and it goes on.... Same people.

Election day is coming, all these transfers, hired crowd, one million march etc amounts to nothing. The 2023 Presidential election will be ethnic based so we already know the winner

Na your father own, Idiot

Good, keep it up

Civil service is part of our major problem.,

kettykin:
This state has all it takes to be the next schenzhen or Dubai of Africa, currently it has the work force , the land , a little capital, coastal waters , proximity to market in Aba ,port harcourt and Onitsha and proximity to large hectares of agricultural land in Benue and cross River.

All it needs is to host a power city were agricultural and industrial will collide and products will be shipped out to neighbor state and to the world via a seaport

I love this your analysis

Everyone has his or her own opinion sha

As business owners, its not every customer you must satisfy na.

This one don cast

Mixture of mourning and coping with the new position, God grants him wisdom.
Amen

God be praised

Available

VERDA:
Presidential candidate, go back and listen to the video and other elections, that how it's always been, when Jonathan emerged, obiakwesili not sure I got the name correctly was immediately replaced by haruna before the elections.

Okay I thought it was President.