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

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalistAs...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

FCTA To Increase Ground Rent – Wike

By Joyce Remi-BabayejuThe FCT Minister Barr. Nysome Wike has...

Cleric urges Gov Eno to prioritize maritime hub for A’Ibom

By Ogenyi Ogenyi, UyoCleric and Founder of Apostle Elijah...

Bayelsa Wins NSF Women’s Basketball Gold

Amgbare Ekaunkumo, Yenagoa Bayelsa State delivered a commanding performance to...

Plateau Female Doctors Launch Maternal Health Champions

By Israel Adamu, Jos  The Medical Women’s Association of Nigeria,...

Federal Science University Kabo Marks Major Milestone

By Sagir Sadisu Buhari.I wish to extend my heartfelt...

Sule Lamido Under Fire for Attacking Wike, Ortom

Former Jigawa State Governor Sule Lamido has come under...

Apreala Urges Bayelsa Queens to Aim High

Amgbare Ekaunkumo, Yenagoa Pastor Robin Angonimi Apreala, Chairman of Bayelsa...
spot_img

Related Articles

Popular Categories

spot_imgspot_img