This Kogi people are good at reaping where they did not sow.That was exactly the same way they wake up to start claiming oil Wells own,build and funded by Anambra state during Peter Obi type.Kogi state was where to found when Peter Obi uses Orient Oil to discover and build Oil Well in Anambra State but immediately Goodluck Jonathan wanted to add Anambra State as Oil Producing State those lazy and parasite state called Kogi and their governor started claiming what that does not belong to them but thank God that truth later prevail and Anambra finally not only won and recover their Oil Wells but also Oil Producing State.........I am that Igbojew the table shaker

[quote author=Igbojew post=117531049]Don't mind them,this Kogi people are good at eating where they did not sow.That was exactly the same way they wake up to start claiming oil Wells own,build and funded by Anambra state during Peter Obi type.Kogi state was where to found when Peter Obi uses Orient Oil to discover and build Oil Well in Anambra State but immediately Goodluck Jonathan wanted to add Anambra State as Oil Producing State those lazy and parasite state called Kogi and their governor started claiming what that does not belong to them but thank God that truth later prevail and Anambra finally not only won and recover their Oil Wells but also Oil Producing State.........I am that Igbojew [/quote. ]

Igbojew:
Don't mind them,this Kogi people are good at eating where they did not sow.That was exactly the same way they wake up to start claiming oil Wells own,build and funded by Anambra state during Peter Obi type.Kogi state was where to found when Peter Obi uses Orient Oil to discover and build Oil Well in Anambra State but immediately Goodluck Jonathan wanted to add Anambra State as Oil Producing State those lazy and parasite state called Kogi and their governor started claiming what that does not belong to them but thank God that truth later prevail and Anambra finally not only won and recover their Oil Wells but also Oil Producing State.........I am that Igbojew

that why they are poor with huge mark on face like cats

Ofemmanu1:


Nahhh...

The main players (Directors) in Obajana are the Indians, Chinese and other foreign expatriates.

If you come down the ladder, that's where you'd see the unskilled alimajiri basterrds with entitlement mentality.

driving trailers is a skill . Mumu odey .skill no be only speaking big Grammer like ASUU president .

Somehow you still managed to bring ibos into this. Are you guys not tired of this tribalistic ping pong that has become a norm on this forum.

Igbojew:
Let imagine for a second that Dangote factory and one of the state in South East is having crises even the fault is from Dangote oh my God by now the whole Nigerians especially here on Nairaland would have gang up against the entire Igbos.They will not miss to rain every bad words both in existence and none existence against the entire Igbos.I come in Peace oooooh..............I am that Igbojew the table shaker

one side of the story. let us wait for Dangote side.

And Dangote better come with names of people involved.


if this comes out that the state is at fault, I hope the court ask the state to pay Dangote for defamation and business obstruction.

Dangote Lagos refinery ,don't tell me kogite don't av percentage on it, All kogi state percentage from obajana shift to construct Refinery.

onojaintegrity:
Kogi vs Dangote: Bello's Assistant, Anthony Edogbo breaks bit by bit for Clarity

Munamoqel:
after failing to govern una state properly una dey look for who to blame . Obajana cement owned by kogi state is a company on paper with no asset ,no plant ,no equipment and no human resources . The limestone is owned by the federal Govt of Nigeria not kogi state that why you get allocation from crude oil located in delta state . Even if kogi govt give the entire lokoja c of o no bank will give it money to build any factory . Bunch of rougues it the floor prone poverty state is just no valuable .

Please can you be objective:

Dangote Cement entered the agreement to purchase Obajana Cement with Kogi state government, not Federal Government.

The land where the limestone, which is the major input material, is being obtained is Kogi land despite that the resource is under the control of Federal Government. In the Niger Delta, the state government earns significant royalty on crude oil obtained from state land and waters, Federal Government claims full royalty on the crude oil obtained from Federal Government waters.

If Dangote Cement bought 90% shares off Kogi state government, they are expected to have paid for the shares to the state government hence, they should show evidence of payment otherwise, that acquisition is null and void in itself.

Dangote Cement should have transfered the ownership of 10% shares of Dangote Cement, Kogi, to Kogi state government when it rebranded as Dangote Cement. Dangote Cement should also have been paying dividend to Kogi state government over the years on the 10% share ownership but they obviously have not been paying it.

In the area of community social responsibility, Dangote Cement has performed poorly in Kogi state and they have to be compelled to improve their CSR contribution.

There are a lot of legal issues with the procedure, documentation and agreement on the acquisition of Obajana Cement by Dangote Cement from Kogi state government. We must look into it and justice must be done.

LadyExcellency:
This is the bad side of capitalism.

Nah Dangote does not practice Capitalism. When the government gives you capital and your turn around a fleece the people whose capital you were using to make a profit. That is called stealing. Without any recorded dividend going back to the people

You're extremely foolish! Who owns the gold in Zamfara?

Them need to dey whip una every bleeping morning for this Nigeria, all these maluus that think they own Nigeria.

Munamoqel:
after failing to govern una state properly una dey look for who to blame . Obajana cement owned by kogi state is a company on paper with no asset ,no plant ,no equipment and no human resources . The limestone is owned by the federal Govt of Nigeria not kogi state that why you get allocation from crude oil located in delta state . Even if kogi govt give the entire lokoja c of o no bank will give it money to build any factory . Bunch of rougues it the floor prone poverty state is just no valuable .

Please educate the idiot

Wallade:


Please can you be objective:

Dangote Cement entered the agreement to purchase Obajana Cement with Kogi state government, not Federal Government.

The land where the limestone, which is the major input material, is being obtained is Kogi land despite that the resource is under the control of Federal Government. In the Niger Delta, the state government earns significant royalty on crude oil obtained from state land and waters, Federal Government claims full royalty on the crude oil obtained from Federal Government waters.

If Dangote Cement bought 90% shares off Kogi state government, they are expected to have paid for the shares to the state government hence, they should show evidence of payment otherwise, that acquisition is null and void in itself.

Dangote Cement should have transfered the ownership of 10% shares of Dangote Cement, Kogi, to Kogi state government when it rebranded as Dangote Cement. Dangote Cement should also have been paying dividend to Kogi state government over the years on the 10% share ownership but they obviously have not been paying it.

In the area of community social responsibility, Dangote Cement has performed poorly in Kogi state and they have to be compelled to improve their CSR contribution.

There are a lot of legal issues with the procedure, documentation and agreement on the acquisition of Obajana Cement by Dangote Cement from Kogi state government. We must look into it and justice must be done.

FalseProphet1:
I see dangote winning this case at the end of the day.

This I have seen.

The law is not expected to be sentimental like you, please leave that decision to the courts.

Subsea101:
You're extremely foolish! Who owns the gold in Zamfara?

Them need to dey whip una every bleeping morning for this Nigeria, all these maluus that think they own Nigeria.

federal government of Nigeria . U head need knocks

The essence of creating an economic environment to revolve around just a single individual is questionable!




Nigerians were sold a dummy that by privatizing state assets to private individuals like Dangote, prices would come crashing down.



Whosai?



The contrary has been the result so far!



When the Dangote Refinery goes into operation, the same scenario would stare Nigerians in the face.



To make matters worse, he connives with some shady individuals to shortchange Nigerians, even state governments like Kogi State as it is in this case.




This man is Shylock's incarnate!

Munamoqel:
after failing to govern una state properly una dey look for who to blame . Obajana cement owned by kogi state is a company on paper with no asset ,no plant ,no equipment and no human resources . The limestone is owned by the federal Govt of Nigeria not kogi state that why you get allocation from crude oil located in delta state . Even if kogi govt give the entire lokoja c of o no bank will give it money to build any factory . Bunch of rougues it the floor prone poverty state is just no valuable .

Thank you for tackling those rogues. I wonder where Bello had been the past 7 years. A minute to go, he suddenly comes up with a scam to deflect attention from his failed administration.

Worst stiil, the ignorant people of Kogi abi paid thugs are on the streets protesting in support of the closure and disruption of a critical economic powerhouse in the state. Ignorance really is a destroyer.

Wallade:


Please can you be objective:

Dangote Cement entered the agreement to purchase Obajana Cement with Kogi state government, not Federal Government.

The land where the limestone, which is the major input material, is being obtained is Kogi land despite that the resource is under the control of Federal Government. In the Niger Delta, the state government earns significant royalty on crude oil obtained from state land and waters, Federal Government claims full royalty on the crude oil obtained from Federal Government waters.

If Dangote Cement bought 90% shares off Kogi state government, they are expected to have paid for the shares to the state government hence, they should show evidence of payment otherwise, that acquisition is null and void in itself.

Dangote Cement should have transfered the ownership of 10% shares of Dangote Cement, Kogi, to Kogi state government when it rebranded as Dangote Cement. Dangote Cement should also have been paying dividend to Kogi state government over the years on the 10% share ownership but they obviously have not been paying it.

In the area of community social responsibility, Dangote Cement has performed poorly in Kogi state and they have to be compelled to improve their CSR contribution.

There are a lot of legal issues with the procedure, documentation and agreement on the acquisition of Obajana Cement by Dangote Cement from Kogi state government. We must look into it and justice must be done.

Dangote cement has 14 plants in 9 Africa countries so obajana founded on paper (without assets ) only fesiblity studies should be given 10 percent of Dangote cement operating in 14 countries . Una theif pass Anini .kogi (obajana) is a brief case firm .no physical assets or operation.

CoronaVirusRelo:
Gibberish!


10 years later…..


A whole state government just woke up!

I won’t be surprised if what caused the riff was that Bello wanted to convert state shares to personal shares.

You cannot tell me a whole state government woke up after 10 years

It doesn't matter when they wake up, what matters is the agreement. Did both parties fullfil the agreement? If not, there are grounds to nullify that agreement and compel the party that defaulted to pay commensurate damages.

Okoyeebo:


Ahiboilandgas, behave yourself. Don't argue with emotions, face facts. Your tantrums and name-calling are unnecessary.
Let Dangote Group provide documents to back up their claims and shut Kogi up.
No documents means they have things to hide.

If Dangote dies today, various State Governments will compulsorily acquire his assets. Fact.
Remember when the FIRS said he was to pay billions for one unpaid tax like that? Similar matters will come up. He should tie all loose ends while alive.

Don't mind that empty brain, reasoning like a fool.

Igbojew:
Don't mind them,this Kogi people are good at eating where they did not sow.That was exactly the same way they wake up to start claiming oil Wells own,build and funded by Anambra state during Peter Obi type.Kogi state was where to found when Peter Obi uses Orient Oil to discover and build Oil Well in Anambra State but immediately Goodluck Jonathan wanted to add Anambra State as Oil Producing State those lazy and parasite state called Kogi and their governor started claiming what that does not belong to them but thank God that truth later prevail and Anambra finally not only won and recover their Oil Wells but also Oil Producing State.........I am that Igbojew

Oga, please stop being sentimental and unexposed. Nobody is concerned about your Igbojew on this matter.

Munamoqel:
after failing to govern una state properly una dey look for who to blame . Obajana cement owned by kogi state is a company on paper with no asset ,no plant ,no equipment and no human resources . The limestone is owned by the federal Govt of Nigeria not kogi state that why you get allocation from crude oil located in delta state . Even if kogi govt give the entire lokoja c of o no bank will give it money to build any factory . Bunch of rougues it the floor prone poverty state is just no valuable .

Dangote is a fraud using government connections to run riot and subdue!! No school no hospital!! Check for shell Agbami and the like. Even C of O expires, and Federal Government pays a derivative to host communities for mineral resources

Tobijays:
Dangote is a fraud using government connections to run riot and subdue!! No school no hospital!! Check for shell Agbami and the like. Even C of O expires, and Federal Government pays a derivative to host communities for mineral resources

lies over 500 houses have been built in obajana and is now a economic power house in poverty striken kogi state. The kabba obajana lokoja Rd was reconstructed by Dangote via tax credits .Na envy and poverty go kill una. Dangote group has 14 similar plant in Africa Nations .

Munamoqel:
blackmailing business .online abegro

Eyaah, no wonder he breeds controversies online.

Tobijays:
Dangote is a fraud using government connections to run riot and subdue!! No school no hospital!! Check for shell Agbami and the like. Even C of O expires, and Federal Government pays a derivative to host communities for mineral resources

then go the FGN to demand the 5 percent deriavetives .Rivers State don't go about blocking shell for their 13 percent is paid from facc

Munamoqel:
Dangote cement has 14 plants in 9 Africa countries so obajana founded on paper (without assets ) only fesiblity studies should be given 10 percent of Dangote cement operating in 14 countries . Una theif pass Anini .kogi (obajana) is a brief case firm .no physical assets or operation.

Oh shut up, you are just exhibiting your cluelessness and illiteracy here. The agreement between Dangote Cement and Kogi state government is only about Obajana Cement, which became Dangote Cement, Kogi.

Dangote Cement, Kogi, is expected to be a member coy in Dangote Cement holding coy. Kogi state government is entitled to 10% of the shares and dividend of the 10% shareholding, annually, of Dangote Cement, Kogi.

That is the agreement except Dangote Cement can provide a contrary agreement to back their claims however, I will query the contrary agreement, if any.

Munamoqel:
Dangote cement has 14 plants in 9 Africa countries so obajana founded on paper (without assets ) only fesiblity studies should be given 10 percent of Dangote cement operating in 14 countries . Una theif pass Anini .kogi (obajana) is a brief case firm .no physical assets or operation.

Just tell me a good reason why you are supporting Dangote? And how Kogi government has been wrong? You can't be emotional in every situation.

I am sure you are working for him

Dangote should simply go to court since Yahaya Bello is not ready to be reasonable.

Wallade:


Please can you be objective:

Dangote Cement entered the agreement to purchase Obajana Cement with Kogi state government, not Federal Government.

The land where the limestone, which is the major input material, is being obtained is Kogi land despite that the resource is under the control of Federal Government. In the Niger Delta, the state government earns significant royalty on crude oil obtained from state land and waters, Federal Government claims full royalty on the crude oil obtained from Federal Government waters.

If Dangote Cement bought 90% shares off Kogi state government, they are expected to have paid for the shares to the state government hence, they should show evidence of payment otherwise, that acquisition is null and void in itself.

Dangote Cement should have transfered the ownership of 10% shares of Dangote Cement, Kogi, to Kogi state government when it rebranded as Dangote Cement. Dangote Cement should also have been paying dividend to Kogi state government over the years on the 10% share ownership but they obviously have not been paying it.

In the area of community social responsibility, Dangote Cement has performed poorly in Kogi state and they have to be compelled to improve their CSR contribution.

There are a lot of legal issues with the procedure, documentation and agreement on the acquisition of Obajana Cement by Dangote Cement from Kogi state government. We must look into it and justice must be done.

Stop misleading people! Dangote is not the one who made Bello to misgovern Kogi state.

1) Dangote has clearly been paying taxes and royalties to Kogi state government since inception despite a promised 7 years tax relief that was never honored by the state.

2) The limestone belongs to the FG and not Kogi state. They are already payed their taxes and royalties.

3) What 10% shares, when there was no company? So Nigeria air that exists only on paper and has a logo is an existing coy if it doesn’t bring capacity in the future? The state retained an option to buy 5% stake after inception but never followed up on it. Are they supposed to be given free shares?

4) The land on which the factory sits was fully bought by Dangote and compensation duly paid to the host community.

5) Dangote has backed up these assertions with documents in public spaces. Bello is a failure that wants to whip up public sentiments after performing woefully as a governor.

6) What exactly did KSG bring into the fora? They formed a coy on paper and could not even conceptualize it since 1992 until Dangote was brought in by 2002 to make it a reality.

Munamoqel:
why didn't.all.the rich people from. Kogi raise money to build the factory ?and employ only people from kogi state as managers and leaders ? Dangote group recruit based on experience and needs and not quota systems!

...didn't you read the part where they said a bag of cement in kano is 3,800 while same cement is sold for 4000 in logo ?

Didn't you read the part where they said the agreement did not involve the national assembly so it is invalid ?

Didn't you read the part where they said kohi state own 10% shares but yet no profit has been remitted to the state ?

I will ask you same question you asked that man.....Why are you guys always attacking mtn and dstv ? Can't you family set up their own telecommunication company ?

Wallade:


Oh shut up, you are just exhibiting your cluelessness and illiteracy here. The agreement between Dangote Cement and Kogi state government is only about Obajana Cement, which became Dangote Cement, Kogi.

Dangote Cement, Kogi, is expected to be a member coy in Dangote Cement holding coy. Kogi state government is entitled to 10% of the shares and dividend of the 10% shareholding, annually, of Dangote Cement, Kogi.

That is the agreement except Dangote Cement can provide a contrary agreement to back their claims however, I will query the contrary agreement, if any.

Have you seen the agreement? Did Kogi state pay up the agreed consideration for the 10%?

If an agreement says 10% of a company’s share is reserved for you but you need to exercise that right by paying for the shares within a certain period and you refused to activate that right within the stated period, who should be blamed?

Other than media propaganda emotional tantrums, has Kogi state shown evidence of payment for the 10%? Why has the state refused to nominate a director to sit on the board of the company since inception?

FromTopToBottom:
...didn't you read the part where they said a bag of cement in kano is 3,800 while same cement is sold for 4000 in logo ?

Didn't you read the part where they said the agreement did not involve the national assembly so it is invalid ?

Didn't you read the part where they said kohi state own 10% shares but yet no profit has been remitted to the state ?

I will ask you same question you asked that man.....Why are you guys always attacking mtn and dstv ? Can't you family set up their own telecommunication company ?

cement is sold via dealership and Dangote cement is not only produce in Kogi but in benue and ogun and 13 Africa Nation like wise it produce in gombe and sokoto . Kano citizens are enterprenures and NOT LAZY like kogi people and will buy trucks and pay million for Dangote cement dealership to bring in supply from the above source Making it cheaper. State own 10 percent of a company in brief case and with zero asset ( so where will the profit come from ?) Theives . limestone is owed by the federal government of Nigeria and Dangote has no business with rubber stamp kogi state assemble that should be thinking on how to tackle flood .

seunmsg:


Have you seen the agreement? Did Kogi state pay up the agreed consideration for the 10%?

If an agreement says 10% of a company’s share is reserved for you but you need to exercise that right by paying for the shares within a certain period and you refused to activate that right within the stated period, who should be blamed?

Other than media propaganda emotional tantrums, has Kogi state shown evidence of payment for the 10%? Why has the state refused to nominate a director to sit on the board of the company since inception?

LOL! You are so clueless. Why would Kogi state government pay for the 10% when it is Kogi state government that is offering 90% shareholding of Obajana Cement to Dangote Cement Coy.

They had shareholders, on behalf of the state, and directors on the board of Obajana Cement, which should ordinarily have been transferred to the registration documents of Dangote Cement, Kogi, when Dangote chose to rebrand it. Dangote Cement obviously did not do that, they simply reregistered it as 100% shares-owned by Dangote Cement Coy.

Stop dropping stupid and ridiculous comments that show how empty you are. What tertiary institution did you attend?

Wallade:


It doesn't matter when they wake up, what matters is the agreement. Did both parties fullfil the agreement? If not, there are grounds to nullify that agreement and compel the party that defaulted to pay commensurate damages.

An agreement was not fulfilled and company operated for over a decade?

You are talking about a state government and multinational company. How possible is that!

In the first place, it’s outrightly impossible for Dangote to have start operating in state without due process, and putting into consideration the duration, it shows some class of people are just hungry.

A multinational like Dangote pays attorneys monthly, and definitely would know legal implications of contracts and agreements.

Let’s imagine it was fraudulently acquired, why wouldn’t Kogi state government head to court, instead of using thugs.




This is a frequent thing in the oil and gas industry even after all fulfillments have been met, they keep bringing different claims year-in year-out.