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Tag: Dangote Coy

  • Conflicts: Dangote Releases 2002 Agreement Between Kogi And Dangote Coy

    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”.

  • Dangote Coy, Funds cooperative Thrifts In Kogi

    Dangote Coy, Funds cooperative Thrifts In Kogi

    From Noah Ocheni, Lokoja

    Director, Dangote Cement Plant Obajana, Mr. JV Gungune, on Wednesday stressed the desire of the President of Dangote Group, Alhaji Aliko Dangote to create alternative platform for empowerment and job creation in the mining Communities.

    This according to him was part of the company’s Corporate Social Responsibility drive and empowering Cooperative societies in the host and mining communities. 

    Th Director who disclosed this while speaking at the presentation of cheque to the Apata community on Wednesday said this gesture has become necessary because not everyone can be employed in the factory.

    The Plant Director who was represented by the General Manager Community Affairs and Special Duties, Mr. Ade Anlemi, said the company expected the seed money to multiply when judiciously utilized.

    Other communities already supported in the micro credit scheme via their respective cooperatives according to the Director are: Obajana, Iwwa and Oyo communities adding that the company would also support the communities in the training of members of the cooperatives to ensure the success of the scheme.

    He pointed out that other areas of interventions in the communities are: the construction of boreholes, granting of yearly scholarship, power supply, job creation, school buildings and road rehabilitations respectively.

    In his response, His Royal Highness the Olu Apata Dr. Frederick D.O. Balogun, expressed appreciation and pledged his community’s continuing support for the company.

    The traditional leader assured that the fund shall be judiciously disbursed and reinvested by the about 100 members of the cooperative.

    In his remarks, the Deputy General Manager Community Affairs/Special Duties Dangote Cement Plc, Mr. Ademola Adeyemi said the training support for the cooperatives would commence in the first quarter of next year. 

    In the recent past the Dangote Cement Plc and the Aliko Dangote Foundation had injected several billions of naira into the state.