FG Orders Immediate Reopening Of Obajana Cement Plant Shut By Bello.
The federal government has ordered the reopening of the Obajana cement plant shut down by the Kogi State Assembly last week.
The order was part of decisions arrived at, during Friday’s National Security Council meeting held in Abuja.
The council also advised that all that issues in contention be resolved legally adding that the government’s commitment to providing employment was not negotiable.
READ ALSO: Aliko Dangote Loses $700 Million in July Amid Stock Market sell-off, Naira Slump
The Kogi Assembly last week ordered the closure of the Obajana Cement plant owned by the Dangote Group until the issue surrounding ownership of the cement plant was resolved.
The state government had claimed that available documents showed that the plant belonged to it, a claim refuted by the Dangote industries which claimed that the Kogi State Government had no stake whatsoever in the plant adding that the Kogi state government was not entitled to any dividend in the company.
Dangote on the other hand said its acquisition of the cement plant followed due process contrary to claims by the state government.
In a release signed by the group managing director of Dangote Cement Plc, Michel Puchercos, the firm said Obajana Cement plant in Kogi state is 100 percent owned by the company.
Leave a Reply