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

FG Cancels Independence Parade, Retains Other Anniversary Events

By Francis Wilfred ABUJA, Nigeria – The Federal Government has...

CSOs pass vote of confidence on FCCO Provost Obidiegwu

Civil Society Organisations, Movement for Better Nation (MBN) and...

NNPC Foundation’s Training for Vulnerable Farmers in Kano Earns Praise

By Jabiru Hassan KANO, Nigeria – Farmers in Kano State...

APC Chieftain Faults National Leadership Over Bayelsa Political Crisis

By Amgbare Ekaunkumo, Yenagoa A chieftain of the All Progressives...

Gov Sule Flags Off Bursary Disbursement, Reiterates Commitment to Education

By Abel Leonard, Lafia Governor Abdullahi Sule of Nasarawa State...

Security: Wike Lights Up Abuja Districts, Flags – Off integrated Solar Lighting Project

By Joyce Remi-Babayeju The FCT Minister, Barr. Nyesom Wike, on...

Gov Sule Flags Off Bursary Disbursement, Reiterates Commitment to Education

By Abel Leonard, Lafia Governor Abdullahi Sule of Nasarawa State...

North-Central APC Forum Urges Tinubu, NASS to Reject Calls for State Police

By Israel Adamu, Jos The North-Central All Progressives Congress (APC)...

Africa’s infrastructure deficit takes spotlight at pre-G20 event

..Two-day side event in Johannesburg seeks to mobilize global...

Bandits Kill Businessman in Kogi, Kidnap Bus Passengers in Yagba

Ny Noah Ocheni, Lokoja Suspected bandits have killed a prominent...

Related Articles

Popular Categories

spot_imgspot_img