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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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Atiku Wins ADC Presidential Primaries in Kano

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By Abbas Yushau Yusuf

Former Vice President Atiku Abubakar has emerged victorious in the presidential primaries of the African Democratic Congress (ADC) held in Kano State, securing an overwhelming majority of votes cast across the state’s 484 wards.

Announcing the results in Kano on Tuesday, Dr. John Ayuba, a representative of the ADC national headquarters, declared that Atiku polled 155,995 votes to defeat his closest rivals in the keenly contested exercise.

According to the official figures released at the end of the collation process:

Atiku Abubakar — 155,995 votes

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Rotimi Amaechi — 15,914 votes

Mohammed Hayatu-Deen — 9,994 votes

Dr. Ayuba stated that the primary election was conducted peacefully across all the 484 wards in Kano State, with party officials and delegates participating in the democratic process.

Speaking shortly after the announcement, he said the outcome of the Kano exercise would now be transmitted to the ADC national leadership for final collation and ratification.

“The election was conducted in the 484 wards of Kano State. We are going to forward the results to the national headquarters, and from there we will know who becomes the presidential flagbearer of the party,” he said.

 

The outcome further strengthens Atiku’s influence within the party structure in Kano, one of Nigeria’s most politically significant states with a large voting population.

Political observers say the margin of victory recorded by the former vice president reflects his strong grassroots support and established political network in northern Nigeria ahead of the next general election.

Supporters of Atiku who gathered at the venue of the announcement celebrated the victory, describing it as a sign of confidence in his leadership experience and national appeal.

Meanwhile, party officials urged members to remain united after the exercise and work towards strengthening the ADC ahead of the presidential election.

The ADC national headquarters is expected to compile results from other states before making an official declaration on the party’s presidential candidate.

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Pantami Defects to PDP, Secures Guber Ticket for Gombe Governorship Race

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Pantami Def

By Yusuf Danjuma Yunusa

Professor Isa Ali Pantami, the immediate past Minister of Communications and Digital Economy, has been elected as the governorship candidate of the Peoples Democratic Party (PDP) for Gombe State ahead of the 2027 elections.

Pantami secured the ticket through voice affirmation at the party’s primary election held on Tuesday in Gombe. The event, which took place at a designated venue in the state capital, saw party stakeholders unanimously endorse the former minister as their flagbearer.

The Chairman of the PDP Electoral Panel, Gregory Yenlong, subsequently declared Pantami the sole aspirant. In a video circulating online and posted by Nigerian Affairs Journal, Yenlong announced: “I declare Prof. Isa Aliu Pantami the duly elected and sole gubernatorial candidate of the PDP in the state.”

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Speaking to a crowd of supporters after his emergence, Pantami said his decision to join the race was driven by a desire to serve the people of Gombe State. He pledged that if elected in 2027, his administration would be guided by fairness and justice.

“I contested for the seat to offer service to the people of the state,” Pantami said. “If I am elected, I promise that my administration will prioritise equity and good governance.”

Pantami is expected to face the All Progressives Congress (APC) governorship candidate, Jamilu Gwamna, in the 2027 election.

Prior to his emergence as the PDP candidate, Pantami had withdrawn from the APC governorship primary in Gombe State, citing alleged violations of the Electoral Act and irregularities in the party’s electoral process. He had opposed the consensus arrangement that produced Gwamna as the APC candidate.

Following the APC primaries, four PDP governorship aspirants raised concerns over what they described as attempts to bring Pantami into the PDP race. In a communiqué issued after an emergency meeting on Sunday in Gombe, the aspirants—Alhaji Abdulkadir Hamma Saleh, Hon. Khamisu Ahmed Mailantarki, Hon. Usman Aliyu Garry, and Mrs. Monica Kaltho—argued that the law does not permit a candidate to defect from one political party to another and contest the same election after votes had already been cast and counted in his favour in another party’s primary.

The aspirants stated that while they welcome all well-meaning individuals into the PDP, they strongly object to any attempt to involve a person who had already participated in another party’s primaries.

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Court Clears Former President Jonathan for 2027 Presidential Race, Imposes N21 Million Fine on Plaintiff

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By Yusuf Danjuma Yunusa

A Federal High Court in Abuja has ruled that former President Goodluck Jonathan is eligible to contest in the 2027 presidential election, dismissing a suit seeking to disqualify him.

The case was brought by a lawyer, Johnmary Jideobi, who asked the court to restrain Jonathan from presenting himself as a candidate to any political party for the 2027 poll. He also sought an order preventing the Independent National Electoral Commission (INEC) from accepting, processing, or publishing Jonathan’s name as a presidential candidate.

Jideobi had asked the court to determine whether, based on Sections 1(1), (2), (3) and 137(3) of the 1999 Constitution, Jonathan remained eligible to seek the office of president again.

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In his ruling on Tuesday, Justice Peter Lifu held that Jonathan could lawfully participate in the election. The judge noted that both a Federal High Court in Yenagoa and the Court of Appeal had previously ruled that Jonathan was eligible to run, and that he was bound by the appellate court’s decision.

Justice Lifu also ruled that Jideobi lacked the legal standing to bring the suit, as he had not suffered any direct loss from Jonathan’s alleged intention to run. The judge described the lawsuit as “an abuse of court process” and dismissed a motion by Jideobi seeking the judge’s recusal, calling the motion frivolous.

The court awarded a N20 million fine against Jideobi in favour of the former president, and an additional N1 million fine in favour of the Attorney-General of the Federation (AGF).

The ruling comes after a faction of the Peoples Democratic Party (PDP) led by Kabiru Tanimu Turaki last week offered Jonathan a waiver as the party’s sole presidential candidate for 2027.

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