Flingpord

  The  management of Dangote Industries Ltd. (DIL) says it owns Obajana Cement 100 per cent and its acquisition in 2002 followed due process. The company said this in a statement issued by Mr  Anthony Chiejina , Group Head Branding and Communications, DIL, titled, ‘ Obajana Cement Plant: Separating Facts from Fiction.’ The group said the Kogi government had no equity interest in Obajana Cement Plc, and that the company had been paying relevant state taxes, levies and charges to the Kogi government since it started production in 2007. “This is a statement issued for the sole purpose of addressing the concerns and apprehensions of the stakeholders of Dangote Cement Plc (DCP), especially the over 22,000 people it employs directly, and more indirectly, as well as thousands of contractors, wholesalers, users of our products, our financiers and shareholders. “At a time of significant economic challenges that we face as a nation, we believe all must be done to keep our economy r...