Obajana Cement Company – National Infinity Magazine

Dangote Group distorting facts, did not pay for Obajana Cement Company -Kogi State

October 10, 2022 Jasmin Ekua, Banking & Finance

The Kogi Government has again debunked claims by the Dangote Group that Obajana Cement Factory is owned, 100 percent, by the conglomerate, insisting that there was no valid acquisition. The state government, in a statement issued by the Information Commissioner, Kingsley Fanwo, in Lokoja on Friday, claimed that Dangote Group was distorting facts about the acquisition of the company. The government had vowed to recover all accrued dividends from profits made over the years by the Dangote Group, including accrued interests on same. “As a first step, the Specialised Technical…

Suspected explosion rocks House of Assembly as Kogi State battles Dangote Group for Obajana Cement ownership

October 10, 2022October 10, 2022 Benjamin Chukwudaalu, Political Reporter

An early morning fire suspected from an explosion rocked the Kogi State House of Assembly complex located at Crusher Area, Lokoja even as the battle for ownership of Obajana Cement Company rages. Kogi State government on Wednesday invaded and shut down the company bought in 2002 by Dangote Industries owned by World’s richest black person, Aliko Dangote. The ownership tussle had led to accusations and counter-accusations from both sides to the crisis with the Speaker of the Kogi State House of Assembly claiming that the reported buy-over of the facility…