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Obajana: FG reopens plant, Kogi, Dangote continue talks

The Federal Government has reopened the Dangote Cement Plant located in Obajana, Kogi State after it was shut down by the state government.

The plant was closed over issues bordering on the legality of the company’s acquisition of the defunct Obajana Cement Company.

According to The PUNCH, the plant was reopened after an order by the National Security Council on Friday.

The Minister of Interior, Rauf Aregbesola, told journalists that an agreement had been reached between the Dangote Group and the Kogi State Government on the need to reopen the factory while urging both parties to respect the agreement.

The reopening of the plant came after a 10-day disagreement by both parties over the legality of the acquisition of the cement plant

Also, the Commissioner of Information, Kingsley Fanwo, in a series of press statements has maintained that the Kogi State Government the acquisition of the cement plant by Africa’s richest man did not follow due process.

The state government, backed by its House of Assembly, maintained that process involving the acquisition of the plant translated to asset-grabbing.

On its part, Dangote Industries Limited, the parent company of Dangote Cement Plc had maintained that its acquisition of Obajana Cement Company followed due process.

A statement by DIL insisted that Kogi State had no equity interest in Obajana Cement Plc.

The statement noted that the plant and machinery were conceived, designed, procured, built, and paid for solely by DIL, well after it acquired the shares in Obajana Cement Company.

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