As the ownership dispute of the Obajana Cement Plant , Kogi state continues , a new development has been recorded and this is coming barely 24 hours after the Kogi state House of Assembly called on Dangote Group to come clean and provide necessary documents as required by the ad hoc committee it had set up to investigate the matter.
The House of Assembly had noted that it was only interested in how to resolve the issue amicably in order that the state can have its fair share in respect of the investment .
Copies of documents showing the agreement between Kogi State Government and Dangote Industries Limited with regard to Obajana Cement Plant which was signed in 2002 had since been made available to Team@orientactualmags.com.
Extracts from the duly signed and stamped agreement shows that :
1. Project was at conceptual stage in 1992
2. Preliminary feasibility study carried out in 1992
3. Obajana Cement Company Plc with Certificate of Incorporation No. RC208767 dated 4th November, 1992 is solely owned by Kogi state
4. Prospecting Right (Numbered PR No.14 of 2001 No.0053) was issued exclusively to the company
5. Kogi state offered and transferred 90% of its total shareholding in the company to Dangote Industries Limited
6. Kogi state is at liberty to sell half of its 10% equity to indigenes of the state by public offer or private placement
7. 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
It will be recalled that the Kogi State Government had last week Thursday presented to the public, the report of the Specialized Technical Committee on the Evaluation of the Legality of the Alleged Acquisition of Obajana Cement Company Plc by Dangote Cement Company Limited.
The detailed report that was earlier submitted to Governor Yahaya Bello last month, was presented to the public by the Secretary to the State Government, Dr. (Mrs.) Folashade Ayoade.
She submitted with supporting documents that the purported transfer of Obajana to Dangote Industries Limited was ‘invalid, null and void’- Team@orientactualmags.com Do you have any information you wish to share with us? Do you want us to cover your event or programme? Kindly send SMS to 08059100286, 09094171980. Thank you
