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Nairaland Forum / Nairaland / General / Politics / Kogi Government Moves To Recover Obajana Cement Company From Dangote (24265 Views)
Yahaya Bello And Dangote Reconcile, Settle Rift Over Obajana Cement (Photos) / FG Orders Reopening of Obajana Cement Factory / We Own Obajana Cement Plant 100% – Dangote Group (2) (3) (4)
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Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by backtovillage: 8:49am On Oct 07, 2022 |
You will see poor Nigerians coming out to applaud Kogi state governor as if they know what these niggas are up to. Ordinary things like This na padi padi stuff. A big man need something from Dangote, so the big man had to go tru Kogi state government. Naso rich man game be. It could be connected to his refinery(sure) or next election or BUA is involved(who knows) In a game like this BUA will support a party while Dangote will support another political party. 2 Likes |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by sulaak(m): 8:51am On Oct 07, 2022 |
FreeStuffsNG: This is what "state capture" looks like Dangote colluded with the government of that time to take control of state assets with compensation. The company Dangote has failed to provide any evidence that it paid for the plant. You should first ask yourself since Dangote has become a dollar billionaire has Nigeria's economy improved? We witness "state capture" in South Africa, where President Zuma and the Gupta bother were selling national assets to themselves at rock bottom prices at the expense of the country. This is why Dangote will be looking forward to a Tinubu or Atiku victory because it will be business as usual. 1 Like |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by michoim(m): 8:54am On Oct 07, 2022 |
Administration1:Correct thinking... |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by sulaak(m): 9:00am On Oct 07, 2022 |
Luizkid: We are not saying that Kogi or the federal government, will be a better manager of the cement plant, but the lack of due diligence in Dangote procuring the plant is called crony capitalism or state capture. The consequence is the reason why Dangote has a national monopoly on cement in Nigeria and the cost of Cement is very expensive compared with other African countries. |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by Verysmart101: 9:13am On Oct 07, 2022 |
teejoyz: We have Igbo billionaires in all sectors of business but other regions becomes billionaires through government theft and fraud |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by Nobody: 9:17am On Oct 07, 2022 |
Hmmm alright then |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by Verysmart101: 9:19am On Oct 07, 2022 |
BeLookingIDIOT:Where were u when TY Danjuma took majority of oil wells to himself with other Northerners? Now Ur saying Niger Delta oil well while the region has no control over it.The region onlys knows how to pick up arms while the northerners use the oil for their selfish needs.Nonsense 1 Like |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by Moymoy: 9:19am On Oct 07, 2022 |
FreeStuffsNG: The company was built with Kogi State funds. The then governor, Abubakar Audu, made the decision to bring Dangote through the back door so that he could be a permanent landlord. Death came unexpectedly to truncate the return of Audu to government house and it's only right for Yahaya Bello to insist that the terms and conditions of the transfer of Obajana to Dangote be made public. |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by bigpicture001: 9:19am On Oct 07, 2022 |
marlow1962: jealousy |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by confluence: 9:33am On Oct 07, 2022 |
The place was never built with Kogi state fund, all funds use for the building of the place came from a syndication of so many of Nigerian banks and world bank , so many billions of $$. The only issue I have with the setup is that Audu government conceived the idea and invited dangote, what transpired between them was never in the public domain and I believe also that the then house of assembly too were not carried along. Audu is dead now , we would have heard from him what transpired between him and dangote. It was rumoured that only paltry sum of 3% of the total company structure is what dangote allocated to Kogi government Moymoy: |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by baretalk: 9:40am On Oct 07, 2022 |
Yahaya Bello, think of economic prosperity of kogi state and Nigeria, join in the legacy to make Nigeria a production hub. Dangote is a Nigerian, he have capacity, work with him. This will open up the entire kogi state, property price will go up, hotels, lodge, restaurant, bars will spring up, more visitors will come into kogi, Kogi youths will gain gainful employment, have money, invest and the state's economy and IGR grows, and Nigeria's GDP will increase. Think Nigeria, not about selfish interest. Do it for the good of all, it's by creating wealth and prosperity for Kogi people by opening up the state's economy. Kogi state government can not run it, government is bad in running business, Ajaokuta steel, NNPC are examples, leave it for the business men and entrepreneurs, just give them support and incentives. |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by xjiggy: 9:52am On Oct 07, 2022 |
Give them the cement Company now and see how they will run it aground in one year. Useless state Govs. If the company was functioning well in the first place, will they sell it. Nonsense |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by telleyway: 9:58am On Oct 07, 2022 |
inoki247: This is the most stupid comment of the century. Is dangote not paying what is due to Lagos state? |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by jimyjames(m): 10:02am On Oct 07, 2022 |
Lorechino: xjiggy: Of truth dangote took over this cement companies in a corrupt selfish way , not just the one in kogi , benue cement company as well was taken over around the same time ,in fact, Atiku who was the vice president at that time bought shares in the company using dangote as a frontier ,so in truth dangote is just a frontier to corrupt politicians in many of these companies in his name 1 Like |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by Invest4growth: 10:06am On Oct 07, 2022 |
The matter will be resolved. Government is a continuum. Can Dangote unilaterally enter Kogi State factory and.start mining resources? That is impossible. So it was a negotiated transaction that was not properly structured. Noise making and grandstanding will not solve this problem. Can Kogi state afford to pay dangote for all the capital committed in the business? Time is of the essence on this matter. Obajana is a fraction in the cement portfolio of Dangote Cement. We do not need to create tension. Dangote Idustries need to have it's template for these acquisitions because of occurrences like this. All stakeholders must be accommodated and properly documented. Avoid political solutions to business issues. It has a way of rebounding |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by GENES11S: 10:08am On Oct 07, 2022 |
marlow1962: Has anything the government owned ever prosper? NNPC Refineries, NEPA, Ajakuta steel company etc. Las las na corruption, personal pocket it will go to. The project will be abandoned within five years 1 Like |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by grandstar(m): 10:09am On Oct 07, 2022 |
It's best Dangote settles the state and any wronged party or else....... |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by sanya4good(m): 10:15am On Oct 07, 2022 |
Why the unnecessary drama, why can't Kogi State government take the matter to court? |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by Newyorkitis(m): 10:18am On Oct 07, 2022 |
Ordinarily, Kogi state should be the richest state in Nigeria being the home of solid minerals..... Ajaokuta Steel Company alone is something that will make crude oil from the South look like thrash, but successive governments of the day have failed to make Ajaokuta Steel Company functional. |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by zigzagluv: 10:20am On Oct 07, 2022 |
if things are done right, you dont need to fear, omowolewa: |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by Perfectbeing(m): 10:27am On Oct 07, 2022 |
Tomorrow when Dangote and other foreign investors will choose Lagos to invest in, some scallywags will say it's because of seaport and that Lagos has been capital for 200 years. |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by Paretomaster1(m): 10:29am On Oct 07, 2022 |
Bullshit, they only temporary Lock it for less than 24hrs, work commenced the next day. How can you just wake up, and ask for details of deals with previous government, ask your predecessors na..... . Naso dem lock First Bank tIll date. Kogi want to chase d few investors away..... |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by drealcivilceno(m): 10:31am On Oct 07, 2022 |
zeuss: Something like that! |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by Christistruth00: 10:34am On Oct 07, 2022 |
marlow1962: If you want to know the Scandal of how Obajana ended up in Dangotes hands you need to read Oba Sikiru Adetona the Awujale’s Of Ijebu’s book Dangote has been fronting for Banbangida and other high up Government Officials for decades and he was illegally Protected from Competition 1 Like |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by Judolisco(m): 10:34am On Oct 07, 2022 |
FreeStuffsNG:if u look at dat obajana sef no trace of development at all, home to d biggest cement company in Africa... Imagine d billions of money gotten from dat place |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by Painsoother(m): 10:35am On Oct 07, 2022 |
Lorechino:This saying that "it provided job for the the indigenes" to me, is overrated. Every organization must always favour the indigens of the land upon where it is situated, due to several strong reason. The issue on this, according to the report, is the illegalities in process surrounding dangote's acquisition of the said obajana coupled with unremmittance of tax and related dues. 1 Like |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by Christistruth00: 10:40am On Oct 07, 2022 |
Ngwamankillyou: You have Started again this Morning Alakija’s Oil wells are in Lagos State But Adenuga and Dangote were given an unfair Playing field by Govt |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by KINGKONG(m): 10:49am On Oct 07, 2022 |
FreeStuffsNG: You have never made sense in your life.... Being an APC e-diots is toxic and will never make you grow!!! |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by KINGKONG(m): 10:54am On Oct 07, 2022 |
iezeiyida: Na your type dey go stand for politician gate dey worship am for N500 |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by inoki247: 11:02am On Oct 07, 2022 |
telleyway: And you also believe you're not stupid to stupor that someone will be doing business in a state and he doesn't pay his due dere also.... |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by Nword223: 11:08am On Oct 07, 2022 |
Christistruth00: My friend Lagos has only palm oil and nothing more, No one consider Lagos when oil and gas is concerned in Nigeria. You and Alaki will soon hear wiiii. |
Re: Kogi Government Moves To Recover Obajana Cement Company From Dangote by Abujaexpress: 11:08am On Oct 07, 2022 |
Give Yayaha Bello some shares from the company, he will keep silent forever |
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