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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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Ex-Bayelsa Governor Dickson Defects from PDP to NDC

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By Yusuf Danjuma Yunusa

Former Bayelsa State Governor and serving Senator, Seriake Dickson, has resigned from the Peoples Democratic Party and joined the Nigeria Democratic Congress.

Dickson announced his defection on Thursday while addressing a world press conference, stating that his decision was guided by principle and conviction.

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The former governor described the current state of the Peoples Democratic Party as critical, likening it to a patient in an Intensive Care Unit. He expressed concern over what he sees as deep internal challenges within the party.

According to him, Nigeria must not drift toward a one party system, stressing that a healthy democracy requires vibrant opposition and credible political alternatives.

Dickson’s exit marks a significant development in the nation’s political landscape, given his long standing role within the PDP as a former governor and influential figure in the South South region.

Further details of his plans within the Nigeria Democratic Congress are expected in due course.

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NDLEA Clarifies: Drug Case Against Abba Kyari Still Active After Court Discharge

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By Yusuf Danjuma Yunusa

The National Drug Law Enforcement Agency (NDLEA) has moved to correct public misconceptions surrounding the legal troubles of suspended Deputy Commissioner of Police, Abba Kyari, clarifying that the core drug trafficking charges against him remain very much alive.

The clarification comes in the wake of a ruling by Justice James Omotosho of the Federal High Court in Abuja, which discharged Kyari from a separate 23-count charge related to money laundering and the alleged non-declaration of assets.

In a statement released on Thursday, the NDLEA’s Director of Media and Advocacy, Femi Babafemi, stressed that the public should not conflate the two distinct legal proceedings. He explained that while the money laundering case was before Justice Omotosho, the primary drug case is being handled by a different judge.

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“The ruling delivered by Justice Omotosho is entirely separate from the main and substantive drug case against Abba Kyari,” Babafemi said. “That drug case is very much on course and is scheduled to continue before Justice Emeka Nwite on 16 of March. The public should be very clear that these are two different matters.”

The anti-narcotics agency also outlined its next steps regarding the recent court ruling. According to the statement, the NDLEA’s legal team is awaiting the Certified True Copy (CTC) of the judgment. A thorough review of the document will inform the agency’s decision on whether to file an appeal against the discharge from the money laundering charges.

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US Troops in Nigeria for Training and Advice Only, Defence Minister Clarifies

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By Achile Danjuma

The Minister of Defence, Gen. Christopher Musa (rtd), has moved to alleviate concerns regarding the presence of United States military personnel in Nigeria, stating unequivocally that they are in the country “purely for training assistance and advisory role.”

Gen. Musa assured Nigerians that the Armed Forces of Nigeria would retain full command and control over all military operations conducted within the nation’s territory. He made this clarification while presiding over the maiden edition of the newly introduced Monthly Operational Briefing at the Ministry of Defence.

The Defence Headquarters (DHQ) had confirmed the arrival of 100 US military personnel and associated equipment at Bauchi Airfield on February 16, 2026. At the time, the DHQ emphasized that the deployed personnel were technical specialists serving strictly in an advisory and training capacity, not as combat forces. It further stressed that “all training activities will be conducted under the authority, direction and control of the Nigerian Government and in close coordination with the Nigerian Armed Forces.”

During the briefing, the Minister provided strategic guidance to the military high command. He outlined the multifaceted threats to national security and urged the Chief of Defence Staff and the Service Chiefs to intensify their efforts. He called for the development and implementation of new, decisive strategies to ensure the timely eradication of terrorism, insurgency, and banditry.

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Gen. Musa commended the troops for their “professionalism, resilience, and gallantry” in the face of these challenges. He reaffirmed the Ministry’s unwavering commitment to improving troop welfare and enhancing the operational efficiency of the Armed Forces.

In a statement released after the event, the Special Adviser on Media to the Minister, Col. Timothy Antigha (rtd), noted that the new monthly briefing is designed to provide a platform for reviewing ongoing operations and ensuring cohesive strategic direction across all services.

In a related development, the Chief of Army Staff (COAS), Lt.-Gen. Waidi Shaibu, has charged troops of the 401 Special Forces Brigade in Makurdi to remain “dogged and relentless” in their efforts to combat violence and criminality. He directed them to deal decisively with any individual or group threatening peace and stability, “irrespective of status, influence or affiliation.”

Lt.-Gen. Shaibu commended the troops of the Joint Task Force Operation WHIRL STROKE (OPWS) for their resilience and steadfast commitment to restoring security in affected communities across Benue State. He highlighted the strategic importance of OPWS within the broader national security framework.

The COAS stressed the need to consolidate recent gains through intelligence-driven operations, enhanced inter-agency synergy, and sustained community engagement. He reminded the troops that operational success must be matched with professionalism and strict adherence to the Rules of Engagement, in line with international best practices.

Acknowledging their sacrifices, Lt.-Gen. Shaibu noted that the troops’ perseverance has not only degraded criminal networks but has also created a more secure environment conducive to socio-economic activities. He described the safe return of internally displaced persons (IDPs) to their communities as a clear testament to their operational effectiveness and unwavering resolve.

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