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

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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.”

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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?

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“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?

READ ALSO: Ownership: Kogi, Dangote Cement Management Trade Words

“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.”

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2023: Why INEC Servers Failed To Work – Peter Obi

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The presidential candidate of the Labour Party, Peter Obi has explained why the Independent National Electoral Commission, INEC, servers failed to work during the 2023 presidential election.

He said the ‘establishment of criminality’ made the INEC servers not work during the last last general elections.

Obi stated this, while addressing the issues of the 2023 elections, including the IREV servers, in Canada during the weekend.

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READ ALSO: Underbridge Tenants: Lagos Govt Uncovers Identity Of Ring Leader

The Labour Party flagbearer in 2023 said people must intensify engagement with all the stakeholders to make the system work.

The former Anambra State governor explained that Amazon testified there were no glitches recorded globally on the day of the presidential election.

He said: “Where did we go wrong in the last election? We didn’t go wrong anywhere. We did the right things.

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“But as I can always tell people: when you bring a change, you fight all those who live off the old order. They don’t go away; they gang up. And don’t think it’s a straight race to remove an establishment.

READ ALSO: PDP Crisis: Why Party Members Are Resigning – Sule Lamido

“It’s a long-distance journey anywhere in the world. Go and check anywhere, whether you are looking at what happened in India, with Mandela in South Africa, or America. No change has happened overnight, it takes time.

“I urge all of you, if you really want change, we have just begun. We just have to continue from where we are.

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“Yes, there might be one or two things we will correct, those things we will correct. I assure you we are correcting them without naming them.It’s not going to be easy.”

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INC Vows To Internationalise Ijaw Struggle

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The Ijaw National Congress (INC) says time has come to internationalise the “Ijaw struggle” beyond rhetoric.

Prof. Benjamin Okaba, President, INC, said this in a communique of the 2024 edition of the Ijaw National Day celebration held in Bayelsa.

Okaba said that the vexatious factors that provoked grievances between the late Maj. Adaka Boro and the federal government in the improper management of the oil political economy of Nigeria, have remained unmitigated.

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He noted that the situation had worsened with its attendant impunity.

READ ALSO: Ijaw Not Biafra, Count Us Out Of Your Planned Attack Military, INC Warns IPOB

According to him, the Ijaw environment continues to bear the brunt of petroleum resources exploitation-related pollution without concomitant remediation or reparations of the heavily despoiled ecosystem.

Instead, Ijaw communities still face the adverse effects of uncontrollable spills, perennial flooding, ocean encroachment and so on,” he said.

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The INC president noted that at different forums, it had been made clear that the Ijaw agenda of self-determination was premised on resource and environmental justice.

“What all Ijaw people seek is for a fair, just and justifiable reward for our resources and sacrifices.

“The Ijaw Congress has articulated a set of prescient conditions for its continuous commitment to the Nigerian project and these include restoration of true federalism (fiscal federalism).

READ ALSO: Ijaw Group Tackles OPC, CSO Over Call For Review Of Tompolo’s Surveillance Contract

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“Devolution of power and repel of all obnoxious and discriminatory environmental and resource related laws (Land Use, PIA), as well as restoration of Ijaw Territory as non-balkanised, administrative and politically generated unit(s).

“This is for the reassurance and promotion of Ijaw developmental pursuits by creating at least two additional states, more local government areas and wards for the Ijaws.

“Remediation of our massively polluted and endangered environment and the enforcement of adherence to international environmental best practices by IOC’s operating in Ijaw territories,” he said.

Okaba also demanded for the relocation of the administrative headquarters of all oil companies and their subsidiaries to their operational bases in Ijaw territory and Niger Delta.

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READ ALSO: Ijaw Demand Environmental Clean-up Before IOCs Exit Niger Delta

He further called for proper funding and management of the Interventionist Agencies such as the Presidential Amnesty Programme and Niger Delta Development Commission.

We call for the promotion of modular refineries owned by our people.

“We also want a balance in appointment at the federal levels (the civil service, military and oil companies) as well as equitable distribution of critical infrastructure, to reflect the true principles of federal character.”

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He said it was against this backdrop that the theme of the 2024 Ijaw National Day “Re-Invigorating Our Resolve to take the Ijaw struggle for Self-determination beyond Rhetoric” was derived.

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Drake Gives Condition To Quit Music As Feud With Kendrick Lamar Thickens

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US rapper Drake has vowed to quit his music career if allegations regarding a secret daughter are substantiated.

The controversy started when rival artiste Kendrick Lamar, in his diss track ‘Meet The Grahams,’ levied accusations suggesting Drake’s involvement with an 11-year-old secret daughter.

Lamar branded the Canadian rapper a “deadbeat” for purportedly neglecting his paternal responsibilities

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Renowned American media personality Akademiks, however, disclosed rapper’s response to the allegations during a recent broadcast.

According to Akademiks, Drake denied the claims, going as far as promising to leave the music industry and work for Akademiks if any evidence of the alleged secret daughter emerged.

During his Saturday night show, Akademiks shared the rapper’s direct message, stating, “Drake hit [texted] me, he said, ‘Ak, if you or anybody can prove that I have an 11-year-old daughter, I’ll quit rapping and come work for you.’”

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