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Shareholders associations knock Kogi Govt, say action on Dangote Cement, dangerous for investment

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Aliko Dangote

 

Group of Shareholders Associations in Nigeria have urged the Federal Government to urgently intervene and prevail on the government of Kogi State to stop further harassment of investors in Kogi State.

They described as barbaric the use of thugs to embarrass investors, such as meted out on Dangote cement and other companies located in Kogi State, noting that such unsavoury development will strongly discourage both local and foreign investments into the country.

It would be recalled that the Government of Kogi State last week, at the instance of the state governor, Yahaya Bello, invaded Dangote Cement, Obajana plant with over 500 armed members of the state’s security outfit, the Vigilantes, shot 27 staff and wounded several others.

President of the Association for the Advancement of the Rights of Shareholders, Dr. Umar Faruk, while speaking on the development criticised the State Government for being so insensitive to its populace, thousands of whom are depending on the Dangote Obajana plant for their means of livelihood. He said it is unfortunate that someone who has championed investment, worth billions of Naira into a state in Nigeria, is being treated this way.

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He called on the Federal Government to, as a matter of urgency, caution the Governor of Kogi State to be more civilized and professional in its dealing with Investors in the State. According to him: “Why should the governor of a state in Nigeria, mobilized vigilantes to seal a publicly quoted company? The same Governor did exactly the same thing to First Bank, making the bank close some of its branches in the state. Is that not executive rascality, using the state assembly to commit such an atrocious act?

“Federal Government should swing into action by protecting investors, else, the efforts being made to attract both foreign and local investors will come to naught. I hope the state realizes that Dangote Cement has foreign shareholders. What impression do you want these people to have of our government? I also urge the Federal Government to fish out those thugs, used by the State, for prosecution, so as to serve as a deterrent to others…This action will lead to loss of revenue, even for the Government, in terms of taxes, and erode the shareholder’s value.”

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In the same vein, founder of the Independent Shareholders Association of Nigeria (ISAN) and President of Boys Brigade Nigeria (BBN), Sir Sunny Nwosu said a reasonable state government would have gone to court against any publicly quoted company rather than resort to a barbaric and ruthless method of chasing workers with guns and cutlass in the civilized age.

“What the Kogi State Government did, honestly was very bad and disappointing. How can a state use vigilante with guns and cutlasses against a company that is feeding thousands of its people? A reasonable government should have gone to Court and not taken laws into its hands.

“This action is bad and will smear the image of both the Federal and State government. It will also affect the ranking of ease of doing business in Nigeria. Kogi is blessed with so many natural resources, but with the attitude of this government, I doubt if any reasonable investor, either local or foreign, will want to do anything with the state anymore”

The President, Pragmatic Shareholders Association, Mrs. Bisi Bakare said: “As an investor, we are not happy about the way things are going. If the State has problems with Dangote Cement on tax issues or any issue at all, there are a far better-civilized ways of handling it than sealing a factory that is contributing more than 30 percent of the cement Nigerians are consuming.

“The governor should realize that his position is transient and that the people of his state, whom he has deprived their means of livelihood will always remember him for bad! Can you imagine the number of people that will be out of jobs and the huge revenue loss to the government, the company, and us, the shareholders? The state, to me, has done a very grave mistake and the earlier the company is re-opened the better.”

Recalled that the Organised Private Sector (OPS) operators under the aegis of the National Association of Chambers of Commerce, Industries, Mines and Agriculture (NACCIMA) have lent its voice to the ongoing spat between Dangote Cement and Kogi state government which culminated into the closure of the Obajana plant of the Cement company.

NACCIMA expressed regret that the issues between the company and the state over tax disputes ought not to have led to sealing of the company but should have been resolved in a conciliatory and amicable atmosphere.

The body, in a statement signed by its Director-General, Olusola Obadimu, and issued in Lagos, said the state government should have trodden a path of caution and called for the immediate reopening of the factory for normal production activities to resume.

Obadimu stated that NACCIMA’s position was based on some key considerations bordering on the impact of the factory’s closure on the economy and thousands of people whose means of livelihood depend on the production activities of the factory.

“It is vital to note that it is a huge production plant that supplies key domestic input (cement) into the economy and employs hundreds of thousands of Nigerians, directly and indirectly. This is aside from its substantial budget for corporate social responsibility outside of taxes.

“Shutting off the factory does not necessarily help the controversial issue of compliance on tax remittable to Kogi state government. Rather a continuous operation of the plant

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Calls for INEC Chairman’s Resignation, Premature, Risky-Oluwafemi 

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Sir Victor Walsh Oluwafemi
Public Analyst and Development Consultant has called for due process and responsible public discourse over calls for the resignation of Independent National Electoral Commission INEC’s chairman, Prof Joash Amupitan, SAN.

In a statement he personally signed, Oluwafemi noted that:

“I am compelled, as a concerned citizen and a professional engaged in governance advisory and institutional systems, to address the growing calls for the resignation of the Chairman of the Independent National Electoral Commission, Professor Joash O. Amupitan, SAN.

“While accountability remains central to any functioning democracy, the manner, tone, and timing of these demands raise serious questions about intent and consequence.

“It is important to critically examine whether such calls are grounded in verifiable institutional breaches or whether they reflect political positioning and reactionary pressure.

Oluwafemi further stressed that: “The positions recently advanced by the African Democratic Congress and the Supreme Council for Shari’ah in Nigeria, if not exercised with caution, risk projecting a troubling precedent that leadership within critical national institutions can be influenced through public agitation rather than constitutional procedure.

“When institutions begin to respond to pressure instead of process, democracy itself becomes negotiable.”

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“Nigeria’s constitutional framework is unambiguous. The removal of the INEC Chairman is not a matter for public sentiment or media campaigns, but one strictly governed by law. It is therefore both prudent and necessary to advise that all grievances, allegations, or concerns be subjected to judicial scrutiny.

At this stage, restraint is not only advisable but also essential.

“In every serious democracy, accusation must travel through the courts, not through microphones.”

“Equally concerning is the growing trend of unguarded and, in some instances, uncultured utterances across television, radio, and digital platforms.

“Public commentary on matters of national importance must be measured, responsible, and evidence-based. The consequences of careless rhetoric are neither theoretical nor distant.

“Recent electoral observations in Nigeria recorded over 200 incidents of election-related violence, with multiple fatalities.

“A significant driver of such tensions has consistently been inflammatory rhetoric and the premature delegitimisation of institutions.

“Words, when recklessly deployed in a fragile political climate, can become triggers rather than expressions.”

“It is therefore imperative to caution all stakeholders. Opposition actors must ensure that their engagements strengthen democratic confidence rather than weaken institutional trust.

“Socio-religious organisations must be mindful of the weight of their voice, particularly in matters that intersect with national governance.

“Those who appear on radio and television must understand that public platforms are not merely spaces for expression, but instruments that shape national mood and direction. Discipline in speech is not a limitation; it is a responsibility.

“Freedom of expression must never become a licence for institutional erosion.”

“This is not a defence of any individual. It is a defence of process, order, and democratic stability. Where there is credible evidence of wrongdoing, it must be tested through lawful and constitutional channels. Disputes must be resolved within the framework of the judiciary.

“Until such processes have run their course, calls for resignation remain premature and potentially destabilising.

“A nation does not strengthen its democracy by removing officials through pressure, but by upholding the systems designed to hold them accountable.”

“Nigeria must choose discipline over noise, process over pressure, and stability over sentiment.

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Turaki-led PDP Faction Rejects Secretariat Takeover by Wike Group, Accuses Police of Bias

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By Yusuf Danjuma Yunusa

 

The faction of the Peoples Democratic Party (PDP) loyal to Kabiru Tanimu Turaki has formally rejected the takeover of the party’s national secretariat by a rival group aligned with Federal Capital Territory (FCT) Minister, Nyesom Wike.

The dispute over the control of Wadata Plaza, the party’s headquarters, escalated after police sealed the facility on November 18, 2025, following clashes between the two factions.

On Saturday, the Wike-aligned group announced that the police had unsealed the secretariat, allowing them to take control of the premises. However, the Turaki faction quickly dismissed the development, accusing law enforcement of partisanship and noting that the ownership dispute remains before the courts.

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In a statement, Ini Ememobong, spokesperson for the Turaki faction, alleged that the police had unlawfully aided the Wike camp, describing its members as “agents of the federal government and APC apologists, masquerading as PDP members, despite a pending appeal.”

Ememobong said the court ruling the police claim to be acting upon has already been appealed. He added that the police force, as a party to the case, has been formally served with the appeal and is fully aware of the legal status.

“By their action, they have tampered with the res which could render the judgment of the Court of Appeal nugatory when it is eventually given,” Ememobong said. “It is most shameful that those entrusted with protecting the law are those disobeying the law.”

He further criticized the conduct of the police throughout the crisis, saying, “While it is not surprising that the police is acting in a clearly partisan manner, we were hopeful that they would act differently under the command of the new Inspector General of Police. From the inception of this imbroglio, the officers of the police force have consistently acted in a manner that leaves no one in doubt as to their support for the Wike-backed APC apologists.”

Despite the tensions, Ememobong urged members of his faction to remain peaceful and avoid any actions that could disrupt public order.

“As law-abiding citizens, we admonish our members to continue to maintain peace and not undertake any activity capable of breaching public peace, while we promise to take all necessary steps within the ambit of the law to protect the rights and privileges of the genuine members of the Peoples Democratic Party,” he said.

The faction assured the public that what it called “state-sponsored persecution” would not last, expressing hope for a return to genuine democratic practice in the interest of preserving the republic.

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Many Feared Dead as NAF Deadly Airstrike Hits Borno-Yobe Border Market

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By Yusuf Danjuma Yunusa

At least 56 people, mostly traders, are feared dead and 14 others hospitalized after an airstrike struck a weekly market on the Borno–Yobe border on Saturday.

The attack occurred at Jilli Market, which lies between Gubio and Geidam Local Government Areas (LGAs) of Borno and Yobe States, respectively. The market is a major hub for traders and buyers from surrounding communities, including Gubio, Chiweram, and Benisheikh in Borno, as well as Gurokayeya and Geidam in Yobe.

The airstrike is believed to have been carried out during a military operation targeting suspected Boko Haram insurgents. Multiple sources disclosed that a fighter jet was tracking a group of suspected insurgents who had reportedly come to the market to collect levies from traders and obtain supplies. However, the strike apparently missed its intended target.

An eyewitness who participated in rescue efforts described the scene:

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“The incident happened around 2:46 p.m. while business activities were ongoing. Four fighter jets carried out the attack, though the fourth jet was not clearly visible. We only heard the sound of explosions.

“I counted 56 corpses myself and helped rescue two injured people, taking them to the hospital. I believe the number of casualties may be higher, as more bodies are still being recovered.”

The councillor of Fichimaram Ward, Malam Lawan Zanna, confirmed the incident to Daily Trust. He stated that about 20 people had been admitted to the Specialist Hospital in Geidam, Yobe State.

“The incident occurred at Jilli village’s weekly market under Fichimaram Ward in Geidam LGA. From the information available to us, it was an airstrike.

“When the jets launched their attack, people panicked and began to run, but the strikes continued. As we speak, over 30 people have been killed.

“More than 20 people were hospitalized in Geidam. Two were referred to the Teaching Hospital in Damaturu. Out of those receiving treatment, nine have died, bringing the death toll to over 30,” he said.

The Special Adviser to the Yobe State Governor on Security Matters, Brigadier General Abdulsalam Dahiru (rtd), confirmed the incident but stated that it occurred within Borno State.

“I have spoken with the chairman of Geidam LGA, who informed me that Jilli village falls under Gubio LGA of Borno State. You may contact officials in Maiduguri for further details,” he said.

As of the time of filing this report, the Nigerian Air Force had not issued an official statement on the incident.

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