Obajana: Kogi Govt. Dares Dangote to Prove Ownership Claim

By Nafisat Bello

Controversy over the ownership of Obajana Cement Company raged on yesterday with the Kogi State Government challenging a claim by the Dangote Industries Limited (DIL) that it solely owns the plant.

The government said the facts at its disposal show otherwise.

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In a statement, the government maintained that Obajana Cement Company was solely founded in 1992 and owned by the state, which held 100 per cent of its shareholding in trust for the people, long before DIL ventured into the state and longer still, before Dangote Cement Plc came into existence.

Addressing Dangote Group’s advertorial, titled: “Separating Facts From Fiction”, the state alleged that it had always challenged the Dangote Industries Limited (DIL) and Dangote Cement Plc (DCP) to prove that they paid anything for the purported acquisition of Obajana and its alleged 100 per cent ownership, “but each time, DIL and DCP have woefully failed to do so”.