News

Obajana: We Must Separate Acquisition From Asset-Grabbing, Kogi Replies Dangote

Published

3 years ago

October 13, 2022

The Kogi State Government, on Wednesday, responded to Dangote Industries Limited’s DIL, insistence on 100 per cent ownership of Obajana Cement Company, saying that Dangote company’s efforts at making the state’s demand appear unreasonable had only justified the state’s protest against what it described as “callous and deliberate asset grabbing.”

The state 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 its people, long before DIL ventured into the state and longer still before Dangote Cement Plc came into existence.

In a detailed response to Dangote Group’s advertorial, titled, “Separating Facts From Fiction”, the Kogi State Government noted that successive administrations had always invited Dangote Industries Limited and Dangote Cement Plc to prove that the Group paid anything at all 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.”

In the response titled, “Separating Acquisition From Asset-Grabbing”, the government disclosed that it took a loan of at least 15million Deutsche Marks to conduct feasibility assessments, which confirmed the existence of those ‘vast limestone deposits’ that DIL found so enticing years later.

“Sadly, for over a decade after DIL and DCP started posting profits from the operations of the Obajana plant, the Kogi State Government was still labouring to pay off the said loan and interests accruing thereon,” the statement highlighted.

The Kogi State Government said in the interest of humanity and truth, it was pertinent to ask the questions: “How come years after DIL and DCP claim they acquired 100 per cent of the equity and assets of Obajana Cement Plc, Kogi State officials were still listed as shareholders of the company, holding shares for and on behalf of the people of Kogi State in filings made by DIL and DCP at the Corporate Affairs Commission (CAC)?

“Is the above not evidence that DIL and DCP which do not deny that Kogi State invited them to invest in Obajana Cement Plc in the first place, are lying when they defend their rapacity and duplicity by claiming that Kogi State allegedly abandoned her allotted shares and was subsequently kicked out of the company she founded by them, thereby allegedly extinguishing all rights and interests of Kogi State and her people in the operations of the company?

“By what rules of corporate acquisitions or even buy-outs are DIL and DCP operating in their highhanded dealings with Kogi State and people? At what point was DIL and DCP able to raise money and Kogi State Govt not able to raise money to take up their allotments, resulting in the alleged transfer of Kogi’s shares in Obajana to DIL/DCP?

“Which money or consideration did DIL provide in 2002 for the alleged acquisition of the 90 per cent equity in Obajana Cement Plc, which used to be vested in the Kogi State Government and what money or consideration did DIL and DCP pay in 2003 to acquire the remaining 10 per cent of Kogi’s shares in Obajana Cement Plc?”

The state government invited Nigerians and all persons of goodwill everywhere to ruminate on the issues raised and draw conclusions “on the ways and manner in which DIL and DCP have shamelessly gone about their conspiracy to dispossess Kogi State and her people of their rightful assets.”

News

Tragedy In The Sky As Pilot Dies Mid-air

Published

8 hours ago

October 16, 2025

Editor

What began as a routine trip from Seattle to Istanbul turned tragic. Turkish Airlines Flight 204 was cruising normally when one of the captains, 59-year-old İlçehin Pehlivan, suddenly collapsed.

Despite the crew’s efforts, he sadly passed away mid-flight a veteran aviator lost among the skies he loved.

Over the radio, the co-pilot’s voice trembled: “Initially we had three pilots, but we lost one of our captains today.

That’s why we’re diverting to JFK.” Air traffic controllers responded with compassion, arranging medical help on the ground.

The aircraft landed at New York’s JFK Airport at dawn, met by emergency teams and a heavy silence. Turkish Airlines later paid tribute to Captain Pehlivan, who had passed medical checks just months earlier and spent nearly two decades flying safely around the world.

Passengers continued to Istanbul, but the memory of this flight endures a reminder of the resilience of aviators, the fragility of life, and the bond shared by those who soar through the skies.

News

Foundation Engages Traditional Leaders To Curb GBV In Bauchi

Published

8 hours ago

October 16, 2025

Editor

The Iqra Foundation for Women and Youth Development (IKFWYD) has engaged traditional leaders across three Local Government Areas (LGAs) in Bauchi State to promote male involvement in efforts to curb Gender-Based Violence (GBV).

The intervention is being implemented in Bauchi, Ningi, and Toro Local Government Areas.

Speaking during an advocacy visit, Mr. Ismail Umar, the Monitoring and Evaluation Officer of the foundation, said the role of traditional institutions in influencing positive behavioural change could not be overstated.

“The programme is designed to engage men on issues related to protecting the rights of women and girls.

“Family wellbeing and social harmony cannot be achieved without the meaningful involvement of men.”

Umar noted that challenges such as gender-based misunderstandings, domestic tensions, poor communication between spouses, and limited awareness of shared responsibilities often contribute to family instability.

“By focusing on men as partners in promoting peace and wellbeing, this programme aims to reinforce their positive influence within families and communities.

“We are piloting the initiative in Bauchi, Ningi, and Toro LGAs, and are engaging respected community members to support and guide male involvement in promoting peace, family wellbeing, and the dignity of women.”

He further explained that the initiative would foster unity and cooperation between men and women as partners in building stable and peaceful homes.

Also speaking, Mr. Bamidele Jacobs, Director of Legal at Lawyers Alert, an implementing partner of the project, said the engagement of men was crucial to ensuring sustained support and protection for women in the state.

In their separate remarks, traditional rulers expressed their support and commitments to the programme.

Alhaji Yusuf Danyaya, the District Head of Ningi, pledged to mobilise men for the initiative, noting that “a violence-free home leads to a peaceful society.”

Similarly, Alhaji Hussaini Uthman, District Head of Miri in Bauchi metropolis, said the mission of the programme aligns with the traditional role of community leaders in fostering reconciliation between couples.

On his part, Alhaji Umar Adamu, the District Head of Toro, said addressing GBV is a collective responsibility to ensure that communities remain safe and peaceful.

News

Okpebholo Believes In Courage, Capacity Says Edo Poly Rector

Published

12 hours ago

October 16, 2025

Editor

The acting rector of Edo State Polytechnic, Usen, Dr Nosakhare Arodoye has promised to implement to the fullest the SHINE agenda of the state government.

Dr Arodoye said he was appointed by the governor to change the narrative of the Polytechnic from the present state to global standard with market-ready graduates and wealth creators within and outside Nigeria.

He spoke during the handover ceremony of the leadership in the state tertiary institution.

According to him, “the governor sent me here for development that will position this institution in a manner that will be productively and evidently attractive to all for visible intellectual results and deliveries.

“I’m for greater impact, lesser noise, the governor as a game changer understands this hence he approved my appointment as a tool for change in Edo Poly. Governor Okpebholo believes in courage and capacity.

“The governor is not a cut to size, he knows how the academic environment works. You can see that his team is made up of global scholars and that is where I belong.

“I’m here to work, I’m going to teach, courses must be allocated to me. I go for what people run from as a progressive, just like the governor, you can see the turnaround of things affecting every area positively.”

Earlier, the immediate past acting rector, Engr. Sylvester Omoruyi briefed the new rector on the present state of the institution particularly the continuous support from the state government.

He said Sen Monday Okpebholo has cleared the backlog of salaries as staff now receive their salary as at when due.

He noted that a total of twenty-two programmes have successfully been accredited with NYSC calling for various HND awarding departments.

On partnership, he said the polytechnic is currently in collaboration with Xianzi and Fuzhou Polytechnic in China where seven students are currently undergoing studies on student exchange programmes.

Before arriving at the polytechnic premises, Dr Arodoye had visited the palace of the Elawure of Usen, Oba Oluogbe III.