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Dangote: Our acquisition of Obajana Cement plant followed Due Process

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Obajana

 

Obajana Cement PLC was incorporated in 1992 and as at 2002 had no paid up shares

* Kogi State has no equity interest in Obajana Cement Plc

 

* The plant and machinery were conceived, designed, procured, built, and paid for solely by DIL, well after it acquired the shares in Obajana Cement Company

 

* The land on which the Obajana Cement Plant is built was acquired solely by Dangote Industries Limited (DIL) in 2003

 

* Taxes paid to Kogi Govt yearly since production commenced in 2007

 

The management of Dangote Industries Limited has insisted that its acquisition of the Obajana Cement Plc in 2002 followed due process, contrary to claims by the Kogi State government.

 

 

The conglomerate asserted that Kogi State government has no equity interest in Obajana Cement Plc. It also stated that the company as a responsible corporate organisation has been paying relevant State taxes, levies and charges to the Kogi State government since 2007 when production commenced in the acquired cement plant.

 

These clarifications were contained in a statement issued by the management of Dangote Industries Limited titled ‘Obajana Cement Plant: Separating Facts from Fiction.’

 

According to the statement, “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 twenty-two thousand 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 running effectively, our people employed, businesses that depend on us thriving and not discourage those who take the risks of needed, lawful and significant investments in our economy. The shutdown of our plant has materially jeopardised the economic wellbeing of our country without any regard for its significant consequences.

 

“Whilst reserving our rights to proceed to arbitration in accordance with the extant agreement, we have reported the unlawful invasion by KSG and the consequential adverse effects of same to all the relevant authorities, including the Federal Government of Nigeria who has now intervened in the matter. It is hoped that the dispute resolution process we have initiated will quickly resolve the disputes and allow us to focus on our business without distraction and continue our significant contribution to our national economy. It is in this context that we state in brief as follows”, the company added.

 

According to the statement, “The Obajana Cement Plant is one of the most critical components of economic activity in the nation, being one of the highest taxpayers, and vehicle for one of the largest companies invested in by thousands of Nigerian and foreign investors. Its most important assets are (1) its land, the plant and machinery thereon, and (2) the vast limestone deposit covered by mining leases issued under licence by the Federal Government of Nigeria (FGN).”

 

The company clarified that the land on which Obajana Cement Plant is built was solely acquired by Dangote Industries Limited (DIL) in 2003.  “The land on which the Obajana Cement Plant is built was acquired solely by Dangote Industries Limited (DIL) in 2003, well after it had acquired the shares in Obajana Cement Company in 2002, following the legally binding agreement it entered into with KSG to invest in Kogi State. DIL was issued three Certificates of Occupancy in its name after payment of necessary fees and compensation to landowners.

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“The plant and machinery were conceived, designed, procured, built, and paid for solely by DIL, again, well after it acquired the shares in Obajana Cement Company. The limestone and other minerals used by the Obajana Cement Plant, by the provisions of the Nigerian Constitution belonged to the Federation, with authority only in the FGN and not the State in which the minerals are situated, to grant licences to extract and mine the resources”, the company explained.

 

“After the agreement with the KSG, DIL applied for and obtained mining leases over the said limestone from FGN, at its cost and has complied with the terms of the leases since inception. The Government of Kogi State had no minerals to give, had no assets to give, and only invited DIL as most responsible governments do to come into the State and invest in a manner that will create employment, develop the State, and earn it taxes”, the statement added.

 

In a section of the statement titled, ‘The Incorporation of OCP and the Invitation by KSG’, the company noted that, “In 1992, the Kogi State Government incorporated Obajana Cement PLC (OCP) as a public limited liability company. Sometime in early 2002, about 10 years after the incorporation of the OCP (which still had no assets or operations as of that time), KSG invited Dangote Industries Limited (DIL) to take the opportunity of the significant limestone deposit in the State by establishing a cement plant in the State.

 

“Following several engagements and assessment of the viability of the proposed opportunity, DIL agreed that it would establish a cement plant in Kogi State and provide the entirety of the substantial capital required for the investment.

 

“DIL also agreed, following a specific request by KSG, to use the OCP name (albeit only existing on paper as of that time, and without any assets or operations) for the time being, as the vehicle for this investment

On 30 July 2002, KSG and DIL entered into a binding agreement to document their understanding. The agreement was amended in 2003 and remains binding on, and legally enforceable by, the parties to same,” the statement explained.

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On the issue of an Agreement between Dangote and Kogi State Government, the statement gave a summary. It noted that “it was agreed, inter alia, that: DIL would establish a cement plant with a capacity of 3,500,000 metric tonnes per annum; DIL shall hold 100% of the shareholding in OCP, and source for all the funds required to develop the cement plant; KSG shall have the option to acquire 5% equity shareholding in OCP within 5 years; and KSG shall grant tax relief and exemption from levies and other charges by KSG for a period of seven (7) years from the date of commencement of production.”

Consistent with the terms of agreement, DIL sourced for 100% of the funds that was used to develop the plant without any contribution from KSG. In line with its rights, ensuring alignment with the Dangote Brand, as part of internal restructuring and for better market recognition the name of OCP was changed to Dangote Cement Plc in 2010, and a number of other significant cement companies (such as the Benue Cement Company) owned by DIL were merged with OCP to become the enlarged Dangote Cement Plc”, the statement added.

 

On the issues of ‘Execution of the Agreement: The Plant, Taxes, Shares & Dividends’, the statement noted, “DIL assiduously and at significant cost met all the terms of the agreement between it and KSG in relation to OCP. It built the cement factory, much bigger and better than envisaged.

 

“KSG could not meet its financial obligations of contributing to the funding the plant in any form; neither could KSG fund acquisition of 5% equity shares in OCP when it was asked on a number of occasions to exercise the purchase option.

 

“KSG also did not meet its obligations to grant waiver of taxes, charges and levies that it could charge the operations, affairs and activities of OCP. Rather despite being entitled (under the terms of the agreement with KSG) to tax relief and exemption from charges and levies by KSG for a period of seven (7) years from the date of commencement of production, OCP (and now DCP) has paid all due sub-sovereign taxes, levies and charges to KSG since it commenced production in 2007.

 

“KSG does not have any form of investment or equity stake in OCP, so no dividend or other economic and/or shareholding rights whatsoever could have accrued to it from the operations of the company”, the statement added.

 

On the issue of the Acquisition of the Plant Site, the statement noted that, “After the agreement between DIL and KSG in 2002, DIL in 2003, applied to KSG for the acquisition of land for the plant site, and this application was granted with the issuance of three Certificates of Occupancy to DIL. DIL to the knowledge of KSG, paid substantive compensation to Obajana Farmland Owners located within the two (2) square kilometres plant site.

 

“Subsequently, in September 2004, DIL, in good faith, applied to the State Governor for the statutory consent for DIL to assign the plant site to OCP being DIL’s investment vehicle. This consent request was granted by the State Governor and the appropriate consent fees were paid by DIL”, it added.

 

Shedding more light on the company’s engagement with Kogi State Government, the statement explained that, “The investment of DIL in Kogi State through OCP was at the instance of the duly constituted government of Kogi State, done in accordance with the law of the State and all enabling laws in that regard, and the transaction documents were effectively, lawfully and duly executed by the Governor and Attorney General of the State (at the time), after internal approvals were obtained within the government.

 

“Since the inception of Alhaji Yahaya Bello’s administration in 2016, and regardless that government is a continuum, we have had series of enquiries about the ownership structure of the Dangote Cement PLC as it relates to the alleged interest of KSG; and had several engagements with the officers of the State government including Governor Yahaya Bello. At all of these engagements we have provided all the details and information supported by relevant documents, required by the Government and the State House of Assembly to confirm our lawful investment.

 

“For instance, in 2017, we were invited by the Judicial Commission of Inquiry, and we made our submission to the commission with relevant documents to support our position. We are yet to receive any feedback from the Judicial Commission of Inquiry. While still waiting to hear of the report of the Inquiry, we were invited by the State House of Assembly on the same matter earlier this year, and again, we provided evidence in support of our position that KSG does not have any equity or other interest in OCP or DCP.

 

“On Wednesday 5 October 2022, hundreds of dangerously armed men, other than law enforcement officers, attacked our cement plant in Obajana, Kogi State, destroyed our property, inflicted grievous injuries on many of our employees, and shutdown operations at the plant. KSG has admitted that the armed invaders acted on its instructions, and in furtherance of the recent enquiry by the Kogi State House of Assembly in connection with the ownership of the Obajana Cement Plant.

 

“Curiously, on 6 October 2022, a day after the shutdown of our facility in Obajana on the orders of KSG, Governor Bello addressed the public and announced that a Specialised Technical Committee which was set up as part of the recommendations of the Judicial Commission of Inquiry had just presented its recommendations, which have been accepted by KSG. This statement makes it abundantly clear that the shutdown of DCP’s plant occurred regardless of the Governor’s own confirmation that implementation of the recommendations of the Specialised Technical Committee was still pending”, the statement noted.

 

Focusing on the current state of play, the company said, “Whilst we do not want to speculate on the motivation for the spurious claims being made by KSG in relation to the ownership of the Company, which have resulted in the unfortunate unlawful forcible closure and damage of our plant, and injury of several people, we condemn in strongest possible terms, the unlawful shutdown of our plant by KSG sponsored armed-thugs, the damage to our property (including the looting of large sum of money kept in the office), and grievous injury inflicted on our employees by them.

 

“This disruption of operations at the plant has caused loss of revenue not only to our company and its customers but has also adversely impacted revenue due to both the Federal and State governments. It has also occasioned loss of jobs for the teeming youths who are daily paid workers that throng our plant for their daily sustenance.

Appealing for overall peace and calm, the statement noted, “We implore all our stakeholders, namely shareholders, customers, suppliers, employees, and the entire community of Obajana and Kogi State at large to remain calm while we follow the legitimate and lawful process to resolve this matter. We shall keep our stakeholders duly updated whilst we remain confident that the statutory and contractual rights ofB DIL shall be upheld by these legal processes which we have initiated.”

 

 

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BREAKING: National grid collapses second time in 2026 

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The national grid collapsed on Tuesday morning, causing the power outages across Nigeria.

Data obtained by TheCable from the Nigerian Independent System Operator N(ISO) showed that load allocation to the 11 electricity distribution companies (DisCos) dropped to zero MW as at 11 am on Tuesday.

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Special Report: Inside Story of Nigeria’s Deteriorating Health System

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By Yusuf Danjuma Yunusa

In June 3, 2025, a female patient admitted to the National Hospital, Abuja, battled with her life before giving up the ghost. It was not because she was brought into the hospital late, rather, it was due to shortage of staff at the said hospital.

In the presence of the deceased children, other patients in the same ward, and their visitors, the deceased struggled nearly 3 hours while doctors and medical staff that were supposed to be on duty that very night were no where to be found.

The children and the husband of the deceased, in their helpless state, made arrangements and took the remains of her from the hospital.

The other patients in the ward were visibly angry for such incident to have happened while there could possibly be a way to keep the woman alive if the staff on duty were available.

This incident took place from 11pm on the 2 of June to some minutes after 2am in the morning of the 3 of June, 2025, at the female ward of the National Hospital, Abuja.

While the incident was ongoing, our correspondent was present at the ward because his mother was also admitted to the hospital.

Out of curiosity, and in a quest to get answers to some disturbing questions relating to the ugly incident, the journalist headed to the office of the Medical Director of the hospital. Although, he was told by the Director’s personal assistant that he was not on seat, that he should come back after Eid-ul- Adha celebration.

However, the journalist was fortunate enough to have answers to some of the questions from one of the senior medical staff of the hospital.

What Were The Questions, And What Were The Answers?

From the journalist’s observation that very night at the female ward of the hospital, there were shortages of medical equipment, and the ones available were of no standard and quality.

So, he asked the medical staff why there was such situation in a hospital as National Hospital, the response was that the hospital Management has, severally, written to the health ministry for a well thought out revamping measures for the hospital. But each time such letter is being written, the Management either get “we are on it” response or silence from the ministry.

Also, among the questions was the reason for staff being unavailable on duty. The response was that the nation at large, not only the hospital, is experiencing brain drain in the health sector, and that is affecting the effective operations of the hospital every now and then.

He further explained that it might be that those on duty that very night might be attending to some other patients in other wards at the same time that period. A situation, he said, wouldn’t be possible for two or three staff to handle.

The journalist, after the session with the man, arrived at a conclusion that the government is not doing enough in the health sector of the country.

In another news, on the 7th of January, 2026, news broke that the son of one of the Nigeria’s finest writers, Chimamanda Adichie, dir4fed in a hospital in Lagos due to negligence of the medical staff attending to the child.

In a statement, Adichie said her son was taken to Euracare Hospital for an MRI scan and the insertion of a central line, during which he was sedated but was not properly monitored after being administered propofol, leading to complications including loss of responsiveness, seizures, and cardiac arrest.

“We brought in a child who was unwell but stable and scheduled to travel the next day. We came to conduct basic procedures. And suddenly, our beautiful little boy was gone forever. It is like living your worst nightmare. I will never survive the loss of my child,” she wrote.

“We were in Lagos for Christmas. Nkanu had what we first thought was just a cold, but soon turned into a very serious infection and he was admitted to Atlantis hospital.”

“He was to travel to the US the next day, January 7th, accompanied by Travelling Doctors. A team at Johns Hopkins was waiting to receive him in Baltimore. The Hopkins team had asked for a lumbar puncture test and an MRI. The Nigerian team had also decided to put in a ‘central line’ (used to administer iv medications) in preparation for Nkanu’s flight. Atlantis hospital referred us to Euracare Hospital, which was said to be the best place to have the procedures done.

“The morning of the 6th, we left Atlantis hospital for Euracare, Nkanu carried in his father’s arms. We were told he would need to be sedated to prevent him from moving during the MRI and the ‘central line’ procedure.

“I was waiting just outside the theater. I saw people, including Dr M, rushing into the theater and immediately knew something had happened.

“A short time later, Dr M came out and told me Nkanu had been given too much propofol by the anesthesiologist, had become unresponsive and was quickly resuscitated. But suddenly Nkanu was on a ventilator, he was intubated and placed in the ICU. The next thing I heard was that he had seizures. Cardiac arrest. All these had never happened before. Some hours later, Nkanu was gone.

“It turns out that Nkanu was NEVER monitored after being given too much propofol. The anesthesiologist had just casually carried Nkanu on his shoulder to the theater, so nobody knows when exactly Nkanu became unresponsive.

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“How can you sedate a sick child and neglect to monitor him? Later, after the ‘central line’ procedure, the anesthesiologist casually switched off Nkanu’s oxygen and again decided to carry him on his shoulder to the ICU!

“The anesthesiologist was CRIMINALLY negligent. He was fatally casual and careless with the precious life of a child. No proper protocol was followed,” parts of her statements read.

Adichie further disclosed that they have gathered that the same anesthesiologist has been carrying out same style of medication on different children that had been brought there for care.

“We have now heard about two previous cases of this same anesthesiologist overdosing children. Why did Euracare allow him to keep working? This must never happen to another child.”

Commenting on this incident, a Yola-based anesthesiologist, Dr. Raji Bello, expressed sympathy on the passing of Adichie’s son, and avoided commenting on the said negligence of the involved doctor. But he emphasized that the medical procedures involved are generally safe when performed by trained professionals, cautioning against public misunderstanding of isolated tragedies.

“This is not true. Medications that are used in hospitals have already undergone rigorous approval processes and they are being used because they have been found to be safe in trained and experienced hands. Yes, some medications have been withdrawn after approval because of new information regarding safety but these instances are rare considering the total number of medications in use and it usually happens to medications that are relatively new,” Dr. Raji asserted.

“Propofol, MRI sedation and central line placement are all safe in trained and experienced hands. They have been linked to the death of this child not because they are inherently unsafe but because of specific associated circumstances which may not be applicable in other situations,” he added.

An introspection into the argument of Dr. Raji will reveal to one that the whole issue boils down to the country having trained, experienced, and competent hands to handle the health sector. And it further reveals again that the brain drain menace in which the country is facing is what resulted into quack and inexperienced medical personnels being left for the country to deal with.

Furthermore, lately there have been reports that patients across the Federal Capital Territory are expressing concerns over skeletal services in general hospitals, citing closed pharmacies, absent laboratory staff, and minimal attendance by medical personnel across various healthcare facilities in Abuja.

At Kubwa General Hospital, one Rotimi Raheem said on Thursday, January 8, 2026, that all hospital pharmacies were locked and that laboratory technicians were not on duty, leaving patients unable to access essential medical services.

Similarly, at Wuse General Hospital, according to News Agency of Nigeria, Ibeto Onakwe reported that medical workers at emergency units were largely absent, adding that only a few doctors were seen moving around without attending to patients’ urgent medical needs.

At Nyanya General Hospital, Idris Yahuri, said administrative officers responsible for issuing patient files were missing from their posts, making it impossible for patients to access old medical records when necessary for treatment.

Responding to the development, Adewale-Adeleye Premiere, president of the Association of Resident Doctors at the University of Abuja Teaching Hospital, said the shortages were primarily due to insufficient staffing across most hospitals in Abuja.

He warned that the exodus of health workers from the country was alarming, urging the government to act swiftly to prevent the healthcare system from being overwhelmed and medical services from collapsing.

“In my own centre, UATH, resident doctors used to number between 500 and 600, but currently there are only about 220 doctors, significantly reducing the hospital’s capacity to provide healthcare for patients across the Middle Belt,” he stated.

Mr Premiere added that many doctors left for countries such as the UK, Dubai, or Saudi Arabia, increasing workload pressure on those remaining and reducing the quality of healthcare delivery across federal medical institutions.

He warned that for every doctor who left, the burden on remaining staff increased exponentially, and though doctors were not currently on strike, they might consider industrial action to press for improved working conditions and support.

Talking about strike in the health sector of the country, this newspaper has observed that the other members in the health ministry aside resident doctors, JOHESU, is currently on strike. Part of their grievances is that the government is not paying attention to their welfarism. And that includes good pay or renumeration which in turn can discourage them from leaving the country just like those who have left.

JOHESU members—including nurses, pharmacists, laboratory scientists, and allied health professionals—are essential to hospital operations. Their absence critically weakens service delivery, even where emergency units remain open.

What Could Be The Solution To The Problems in Nigeria’s Health Sector?

Speaking with a health practitioner, Dr. Demola Ahmed, he suggested that the government should declare a state of emergency in the health sector, citing continuous cases of loss of lives due to either incompetence or shortages of staff.

He said when that is done the government should “establish a permanent, independent commission for health sector remuneration to prevent recurrent strikes and ensure sustainable revamping of infrastructural needs of hospitals in order to deliver quality services.”

Dr. Ahmed also mentioned that the commission to be established should also be responsible for sanctioning medical personnels in private hospitals that indulge negligence or that have been found guilty of such behavior.
“Just like Hisbah in Kano that has been established solely for monitoring and enforcing morality in the state, Nigeria’s health sector can come up with something like that to monitor hospitals and their activities so that orderliness can be revived and sustained,” he said.

The Cardiologist concluded by saying that sustained investment in both health workers and infrastructure in the hospitals across the country will be the only solution to ending brain drain, inefficient and inexperienced medical personnels, and taming of negligence.

 

 

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Governor Zulum Denies Endorsing Any Aspirant for 2027 Elections

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By Yusuf Danjuma Yunusa

Borno State Governor, Prof. Babagana Umara Zulum, has firmly dismissed speculation regarding a preferred successor or favoured candidates for the 2027 general elections.

Speaking at a crucial All Progressives Congress (APC) stakeholders’ meeting in Maiduguri on Monday, Zulum declared that he has neither endorsed nor promised any elective position to any aspirant.

“I have no candidate for any position, and I do not know who will succeed me,” the governor stated. “I have entrusted the choice of leaders to Almighty Allah, in line with the democratic will of party members and the people of Borno State.”

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He cautioned party leaders and members against spreading divisive rumours and reaffirmed his commitment to ensuring a fair, transparent, and just process in the upcoming party congresses. Zulum stressed that the integrity of the internal electoral process is essential to the APC’s unity and future success in the state.

Additionally, the governor advocated for the emergence of fresh individuals in party positions, urging stakeholders to allow new faces to rise through a democratic process. He noted that such renewal would strengthen the party’s grassroots base, promote inclusivity, and enhance internal cohesion.

The meeting was attended by high-ranking officials including; the acting governor, Umar Usman Kadafur; former governor Maina Ma’aji Lawan; APC Deputy National Chairman, Ali Bukar Dalori; State APC chairman, Bello Ayuba; Members of the House of Representatives, and other senior party and government officials.

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