x

Conflicts: Dangote Releases 2002 Agreement Between Kogi And Dangote Coy

From Noah Ocheni, Lokoja

The Dangote Group of companies on Monday released the official 2002 Agreement Between Kogi State Government and Dangote Industries Limited on Obajana Cement Plant.

According to the official Extracts from the duly signed and stamped agreement, the Project was at conceptual stage in 1992.

The agreement released by the company spokesman, Jonah2022 further pointed out that the Preliminary feasibility study was also carried out same 1992.

According to the released agreement, Obajana Cement Company Plc with Certificate of Incorporation No. RC208767 dated 4th November, 1992 is solely owned by Kogi state government.

The Prospecting Right (Numbered PR No.14 of 2001 No.0053) according to the agreement was issued exclusively to the company

“The Kogi state offered and transferred 90% of its total shareholding in the company to Dangote Industries Limited”

In the said agreement, “Kogi state is at liberty to sell half of its 10% equity to indigenes of the state by public offer or private placement.”

“Kogi state shall grant Dangote Industries Limited tax waivers and exemption from levies for a period of 7 years from the date of commencement of production”.

Hot this week

ECOWAS Peace Fund, UCARE Nigeria Render Humanitarian Services to Over 2,000 IDPs in Benue

By Isaac Kertyo, Makurdi The ECOWAS Peace Fund, in partnership...

TSG Promoting Good Governance and Quality Leadership – Group

By Jabiru Hassan, Kano The Tinubu Support Group (TSG) has...

CSOs Eulogize Governor Alia’s Neutrality, Respect for Democratic Values

The Center for Social Justice and Political Reform in...

Federal Polytechnic Wannune Upholds Zero Tolerance for Corruption — Rector

By Isaac Kertyo, Makurdi The Rector of Federal Polytechnic Wannune,...

FG, States, LGCs Share N2.001 Trillion From A Gross Total Of N3.836 Trillion For The Month Of July 2025

By Oladosu Adebola Oluwaseun The Federation Account Allocation Committee...

Chinese film on Nanjing Massacre resonates with Nigerian audience Source:...

Oborevwori, Senator Nwoko Hail Igbo Socio-Cultural Group for Tackling Identity Crisis

By Anne Azuka The Igbo Unification Movement, in collaboration with...

Tinubu Declares 9th National Youth Games Open in Delta

By Anne Azuka The 9th National Youth Games kicked off...

PAAU Gets NUC Approval for MBBS Program

By Noah Ocheni, Lokoja The Faculty of Medicine at Prince...

Kaduna: London-Based Philanthropist, Andishu, Lauds Gov. Sani’s Security and Peace Model

By Achadu Gabriel, Kaduna London-based Nigerian businessman and philanthropist, Moses...

Aliyu Flags Off 2025 Tree Planting in Sokoto, Urges Collective Action Against Desertification

By Muhammad Ibrahim, Sokoto Governor Ahmed Aliyu has launched the...

KGIRS Targets Over ₦3bn Monthly Revenue in 2026

By Noah Ocheni, Lokoja The Chairman of the Kogi State...
spot_img

Related Articles

Popular Categories

spot_imgspot_img