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Aliko Dangote retires from Dangote Cement Plc As Chairman

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Aliko Dangote

Foremost entrepreneur and founder of Dangote Cement Plc, Aliko Dangote has announced his retirement as a Director and the Chairman of the Board of Directors, effective July 25, 2025. He is relinquishing his position as chairman and retiring from the board so as to focus more attention on the Refinery, Petrochemicals, Fertiliser and Government Relations, in order to drive the company’s five-year business trajectory to a superlative height.

The board of Dangote Cement Plc has therefore announced the appointment of Mr. Emmanuel Ikazoboh, an independent non-executive director, as the new Chairman, Board of Directors.  In the same vein, Hajiya Mariya Aliko Dangote was also appointed to the Board of Directors of the Company while Prof. Dorothy Ufot retired from the Board.

Reputed as Africa’s leading investor, Aliko Dangote leaves giant footprints as he retires from the board. His vision and tenacity redefined not just a company, but the entire cement industry landscape by becoming Africa’s largest cement producer and largest exporter of cement and clinker in Sub Saharan Africa.

Aliko Dangote’s journey with cement began with a bold dream: to make Nigeria and Africa self-sufficient in cement production. Through strategic investments in state-of-the-art plants, and a commitment to local content, he not only met that goal but exceeded it.

Dangote Cement Plc has 52.0Mta capacity across African continent with Nigeria accounting for 35.25Mta. Currently, additional greenfield plants are coming up in Cote Ivoire (3.0Mta) and Itori, Nigeria (6.0 Mta) and on completion this year will push total capacity to 61.0Mta.

Under his visionary leadership, Dangote Cement Plc recorded the   highest revenue and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) in the history of the company. According to the unaudited results for the six months ending 30th June 2025, the group revenue went up by 17.7 percent, from N1,760 billion at the same period in 2024 to N2,071.6 billion, representing the highest revenue in the history of the company.

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Group Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 41.8 percent to N944.900 billion from N666.22 billion. EBITDA (Nigeria Operations) grew by 82.4 percent to N845.4 billion. Profit before tax went up from N292.96 billion to N730 billion indicating 149 percent increase while profit after tax surged by 174.1 percent to ₦520.5 billion, in contrast to N189.90 billion in the same period at the preceding period. In the six months, export volumes from Nigeria increased by 18.2 percent, with 18 successful clinker shipments made to Ghana and Cameroon.

Aliko Dangote’s legacy will be counted in the millions of jobs created, the infrastructure built, and the confidence restored in African industrial potential. He has proven that Africa can produce, compete, and lead on the global stage.  It is on record that  subsidiaries under Dangote Group  paid over N402 billion in taxes in 2024, making it the highest taxpayer in the country.

The new Chairman of the Board of the Company, Emmauel Ikazoboh in his acceptance speech, said he is truly honored to accept the role of Chairman of Dangote Cement Plc while pledging to uphold the highest standards of leadership and dedication in this role.

He described the company as a beacon of African enterprise, which has consistently demonstrated resilience, innovation, and a commitment to excellence. Over the years, Dangote Cement Plc has not only become the continent’s leading cement producer but has also played a vital role in driving economic growth and development across numerous African nations.

Giving an insight into what his tenure holds for the company, he said, “my vision for Dangote Cement Plc is built upon a foundation of sustainable growth, operational efficiency, and unwavering commitment to our core values. We will continue to focus on the following key priorities, Operational Excellence, Strategic Expansion, Sustainability, Innovation and Community Engagement.

Part of the strategies he intends to introduce include driving down costs through the implementation of robust cost-reduction strategies to navigate inflationary pressures and enhance competitiveness. The company he stated will accelerate efforts to adopt alternative fuels and technologies, reducing reliance on fossil fuels and contributing to a more sustainable future.

Regarding staff welfare, he promised that the company will continue to invest in training and development, fostering a culture of excellence and empowering employees to reach their full potential.

Emmanuel Ikazoboh was previously the Group Chairman of Ecobank Transnational Inc., the Pan-African banking group. He started his professional career at Akintola Williams Deloitte. He first became the Managing Partner for francophone offices in Cameroon and Côte d’Ivoire and later became the Managing Partner of the Deloitte firm in West and Central Africa until 2009. In 2010 he was appointed by the Securities and Exchange (SEC) as an Interim Administrator to carry out capital market reforms of the Nigerian Stock Exchange (NSE) and the Central Securities Clearing System Plc. (CSCS).

Signed.

Anthony Chiejina

Group Chief, Branding & Communications Officer

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Kaduna Federal High Court Grants El-Rufai 200million Naira Bail

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By Yusuf Danjuma Yunusa

Former Kaduna State Governor, Malam Nasir Ahmad El-Rufai, on Tuesday secured bail from a Federal High Court sitting in Kaduna, bringing to an end a detention that lasted nearly two months.

Meanwhile, a Kaduna State High Court adjourned ruling on a separate bail application to April 21.

Delivering the ruling, Justice Rilwan Aikawa granted the former governor bail after hearing arguments from both the defence and prosecution.

However, but ordered that he remain in the custody of the Independent Corrupt Practices and Other Related Offences Commission, ICPC, pending the fulfilment of the bail conditions.

El-Rufai’s lead counsel, Oluwole Iyamu (SAN), had urged the court to admit his client to bail, arguing that it is a constitutional right and that the former governor has strong ties within Nigeria, making him unlikely to abscond.

However, the prosecution, led by the ICPC, opposed the application, citing concerns that the defendant could interfere with witnesses or obstruct ongoing investigations if released.

The court subsequently granted bail with stringent conditions, including a N200 million bond with two sureties in like sum.

The sureties are to include a recognised traditional ruler and a federal civil servant not below Grade Level 15. Other conditions include the submission of landed property documents, deposit of international passports with the court, and a restriction on public comments relating to the case, among others.

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A family member of the former governor, Bello El-Rufai, told journalists that efforts were underway to meet the conditions.

“The conditions are many, close to 10 or more, but we hope to fulfil them,” he said.

The ICPC had, on March 18, filed a 10-count charge against El-Rufai at the Federal High Court bordering on alleged conversion and possession of public property, money laundering, and abuse of office.

El-Rufai’s legal ordeal began on February 16, when he was arrested by the Economic and Financial Crimes Commission, EFCC. Although he was initially granted bail, he was subsequently re-arrested by the ICPC and remained in custody for several weeks before his arraignment.

On March 27, the ICPC granted him temporary release on compassionate grounds following the death of his mother, Hajiya Umma.El-Rufai, in Cairo, Egypt.

He was, however, returned to custody after her burial.

Proceedings were further complicated when the defence filed a motion asking Justice Aikawa to recuse himself over alleged bias, a request that was later withdrawn.

Meanwhile, at the Kaduna State High Court, proceedings in a separate case took a different turn as the presiding judge, Justice Darius Khobo, adjourned ruling on El-Rufai’s bail application to April 21, 2026.

Counsel to the defendant informed the court that the defence team was served with an amended charge in court and required time to study its contents. The prosecution, also led by the ICPC, had filed an amended nine-count charge, altering the scope of the case and dropping a co-defendant, Amadu Sule, from the trial.

Defence counsel, Ubong Akpan, explained that the adjournment was also due to the inability of the court to deliver the ruling as scheduled, citing the bereavement of the presiding judge.

“His lordship was bereaved and he was unable to put the ruling together. So, we understand these things happen,” Akpan said, adding that the defence remains optimistic ahead of the next hearing date.

El-Rufai is facing separate charges before the Kaduna State High Court bordering on abuse of office, fraud, intent to commit fraud, and conferring undue advantage.

There was heavy security presence at the court premises, with armed operatives stationed at strategic points to maintain order and restrict movement.

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Revoking Rainbow Centre’s Licence Over ADC Convention Is Abuse of Power-Atiku

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By Yusuf Danjuma Yunusa

Alhaji Atiku Abubakar, a leading presidential hopeful of the African Democratic Congress (ADC) for the 2027 election, has issued a blistering statement accusing the government and its agents of attempting to revoke the licence of Rainbow Event Centre – the scheduled venue for the party’s national convention today.

In a statement released Tuesday morning, Abubakar described the alleged move as a “shameful and cowardly abuse of public office,” and insisted that the convention will proceed despite what he called a pattern of political intimidation.

The full statement reads:

“The reports from the spokesperson of our great party, which exposes the plans of the government and its agents to revoke the licence of Rainbow Event Centre for the singular offence of hosting the African Democratic Congress convention slated for today, Tuesday, April 14, 2026, is a shameful and cowardly abuse of public office.

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Let it be said without equivocation: coercing a private business owner to deny a lawfully registered opposition party the use of a venue is not governance. It is not politics. It is the naked conduct of a regime that has lost the argument, lost the people, and now reaches for the boot because it has nothing else left.

The ADC has paid every fee. The ADC has signed every contract. The ADC has broken no law. Our only offence is that we are organising, we are growing, and we are preparing to retire this failed government at the ballot box in 2027.

This is how democracies are strangled, not in a single dramatic blow, but in a thousand petty, vindictive acts against opposition parties, against free assembly, and against the sacred right of citizens to choose their own leaders. To the international community, and every democratic partner of Nigeria: take note of what is being done here tonight, and in whose name.

We will not be intimidated. We will not be silenced. We will not bow to this creeping tyranny, and we will never bow to the petty tyrants behind it.

The convention will hold. The ADC will rise. And Nigeria will rise with it.
– AA”

Abubakar, a former vice president and veteran opposition figure, did not provide specific documentary evidence of the alleged licence revocation plot. However, his remarks come hours after the statement made by the National Publicity Secretary of their party, and before the ADC’s scheduled convention, which party officials say is expected to draw thousands of delegates from across the country.

Government spokespersons had not issued an official response at the time of this report.

Observers note that accusations of venue cancellations against opposition parties have been a recurring flashpoint in Nigerian politics, often raising questions about the fairness of the democratic space ahead of major elections.

The ADC has positioned itself as a coalition of disaffected groups and individuals aiming to challenge the ruling party in the 2027 presidential race. Today’s convention is seen as a critical test of the party’s organisational strength and resolve.

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Shaaban Sharada Distances Self From Barau/Abba/Shaaban Group’s Planned Gathering And Move To Endorse A New Deputy Governor

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Former federal lawmaker Shaaban Ibrahim Sharada has publicly disassociated himself from a political group known as Barau /Abba/Shaaban, which reportedly convened a meeting to endorse Kano State’s new Deputy Governor.

Sharada, who represented Kano Municipal in the House of Representatives between 2019 and 2023, issued the clarification on his verified Facebook page. In the statement, he emphasized that he has no affiliation with the group and no involvement in the planned gathering.

“I woulaaad like to take this opportunity to distance myself from a gathering that is said to be organized on, Tuesday, by the Abba, Barau, and Sha’aban Sharada grp They plan to declare their position regarding the current situation of endorsing new Deputy Governor of Kano under the leadership of Hon. Iliyasu Koki, which has already been published in the media,” Sharada wrote.

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He further stressed that he was unaware of the group’s formation and had no hand in organizing the meeting, adding that he did not even know its purpose.

The former lawmaker with prays for peace and well-being of Kano State:

“May Allah grant us health and peaceful living. Ameen, summa ameen.”

Sharada’s statement comes due to heightened political activity in Kano following the resignation of the former Deputy Governor Comrade Aminu Abdulsalam , with various factions and interest groups positioning themselves on the matter.

His distancing showcases the fluid alliances and tensions within Kano’s political landscape, particularly among figures associated with Senator Barau Jibrin.

 

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