News

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

Published

2 years ago

October 13, 2022

Editor

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

Shettima Launches NEDC’s School Enrollment Drive Programme

Published

4 hours ago

May 18, 2024

Editor

Vice President Kashim Shettima has launched the Accelerated Senior Secondary School Education Programme (ASSEP) initiated by the North-East Development Commission (NEDC) in collaboration with the office of the VP to enhance child enrollment drive in schools within the North-East sub-region.

Speaking during the launching of the programme in Bauchi on Saturday, the VP said that consequences of the nation’s action and inaction were evident in all indices used to assess development.

He said while primary education provides a foundation, secondary education is a bridge, adding that the Northeast sub-region has been the victim of inability to enforce a uniform policy to drive school and the persistent cultural perversion to formal education in the country.

“We in the Northeast occupy a quantum of position in ranking of essential services. Education being a key sector of this country, this is especially pronounced in the post primary education, while the Northeast secondary school enrollment drive stands at 19 percent, far below the nation’s 39 percent,” he said.

Earlier, the Managing Director of NEDC, Mohammed Alkali, said that the primary education completion level of 85 per cent in the Northeast is among the best in Nigeria, but secondary school enrolment is a mere 15 per cent, the second worst nationally.

According to him, due to the challenges in the post-primary education segment, JAMB UTME applications and admissions into tertiary institutions in 2019 were the lowest for the Northeast compared to other regions.

He added that, nationally, the Northeast has the lowest number of teachers and the highest percentage 55 per cent of those available are without literacy skills.

The MD also revealed that the challenges in the post-primary education segment include weak quality indices and a wide demand-supply gap driven by economic and cultural factors.

“The Accelerated Senior Secondary Education Programme seeks to boost the post primary education rating across the North East region through improved enrolment into tertiary institutions.

“It’s also to improve skills development as well as the elevation of teacher quality. It would pay special focus on Science, Technology, Engineering, Mathematics and communication.

“These would foster creativity and critical thinking; motivates and inspires young people to generate new technologies and ideas to learn from inquiry-based tasks,” he said.

Alkali also explained that the programme would also raise awareness about after-school possibilities and the potential for diligent students to become successful and prominent contributors to the North East region and Nigeria at large.

He expressed gratitude to the Federal Government especially, the Vice President for the deep interest and commitment to human development in the North-East.

News

Edo Police Break Silence On Operatives Fighting Dirty In Viral Video

Published

4 hours ago

May 18, 2024

Editor

By Joseph Ebi Kanjo

The Edo State Police Command says a trending video showing two operatives of the command engaging in a fight is a handiwork of mischief makers.

In the video which has gone viral on the internet, two policemen are seen fighting themselves, while a voice commentary in the background claims they are from the Igueben Decisional Police Station headquarters in the state.

A writeup also attached to a version of the video sighted by Info Daily also claims that the policemen were fighting because of sharing formula of money collected from motorists on the highway. The writeup also claims that the incident happened yesterday, May 17th, 2024.

But reacting to the viral video in a statement issued by SP Chidi Nwabuzor, Police Public Relations Officer, the command said contrary to the claim, the incident happened in 2020, adding that disciplinary measures were taken against the erring policemen.

The statement which issued electronically to newsmen in Benin on Saturday evening partly reads: “Edo State Police Command wishes to inform the general public that it’s aware of a video trending on the internet showing two policemen that engaged themselves in a fight in public spaces and wishes to state as follows that;

“The now trending video happened in April 2020 in a community called Ebelle in the Igueben local government area of Edo State.

“The two erring policemen, namely; (i) F/NO.491112 CPL Ozimeade Aidonojie and (ii) F/NO. 516384 PC Salubi Stephen were attached to Ebelle Police Divisional Headquarters.

“They defaulted, tried in an orderly and upon conviction dismissed from the Force for the offence of discreditable conduct contrary to Paragraph ‘E’ Sub Section 111 of the Police Act and Regulations 370 Cap. P19 of Federation of Nigeria 2004.”

Nwabuzor in the statement reiterated the state Commissioner of Police, Funsho Adegboye, commitment to “making Edo State a desired secured state where the law abiding citizens and the general public go about their lawful businesses in making Edo State economic hubs of Nigeria without fear or intimidation.”

News

Excitement, Dance As ‘Looted Ancestral Stools’ Return To Oba Of Benin

Published

5 hours ago

May 18, 2024

Editor

It was a moment of joy, excitement and dance at the palace of the Oba of Benin as the revered monarch, Oba Ewuare II took custody of two looted royal stools from the German government.

They were handed over to the National Commission for Museums and Monuments, NCMM on behalf of the Nigerian government by the German authorities in 2022.

The Director-General of
National Commission for Museums and Monuments, Mr Olugbile Holloway made the presentation on behalf of the Federal Government on Saturday May18, 2024 in Oba of Benin Palace, Benin City.

According to history, the artefacts — Bronze and wooden Royal stools (Ekete), made during the reign of Oba Eresoyen and Oba Esigie several Centuries ago, were looted from Oba Palace during the punitive expedition in 1897.

Addressing the Benin Throne during the presentation of the artefacts, Mr Holloway, pledged on behalf of NCMM, to work-hand-in hand with the Benin Royal Court in uplifting and displaying Edo heritage.

He revealed that as the Benin Bronzes and other art works are gradually making their way home (Nigeria), “NCMM will join hands with the Royal Court to create a befitting destination for people around the world to come and appreciate these works”.

“What you see before us were originally taken away from the Royal family in 1897.

“We have a stool made of Bronze and a wooden stool.

“I speak for every member of my team, to say that we remain loyal to the Royal Court. And if there is anything we can do, we will do to support this laudable initiative.

“This heritage is not just Benin heritage, but Nigeria’s heritage.
When we speak of Benin heritage, there is nobody that doesn’t know the great works of ours.

“I appreciate you, we will always do what we can do with our powers to make His Royal Majesty lineage in memory”, he said.

After unveiling the repatriated Artefacts, Oba of Benin, who danced joyfully to Benin traditional rendition in dramatic dance steps, with excited Chiefs and members of the Royal family, offered prayers to Almighty God and his ancestors.

The traditional ruler, who was visibly overwhelmed with joy, appreciated the German government and the Federal Government and the NCMM leadership for their efforts.

The royal father, thereafter, in a historic move, sat in one of the royal stools (Ekete), and personally presented a chunk of white, which, according to belief, symbolizes peace and blessings to the Director-General of National Commission for Museums and Monuments, Mr Olugbile Holloway.

Oba Ewuare II also prayed for Mr Holloway and his team, accompanied by the Curator, National Museum, Benin, Mr Mark Olaitan, Director, Legal Services, NCMM, Barrister Babatunde Adebiyi on the visit where Royal Drummers gave a good account of their stewardship.