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2022: Dangote Industries Wins FMDQ Largest Corporate Lodgment Award  

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Alhaji Aliko Dangote

 

 

 

 

In a blaze of honour, the Pan-African conglomerate, Dangote Industries Limited (DIL) and its Africa’s leading cement manufacturer subsidiary, Dangote Cement Plc were adjudged the Largest Corporate Bond lodgment on FMDQ in gold category and the 2022 Most Trusted Brand of the Year respectively.

 

On the back of the Largest Corporate Bond lodgment on FMDQ award came another recognition with the Dangote Group named as the Most Outstanding Conglomerate in Environmental Sustainability.

 

The cement giant came tops in the stock market for its unprecedented N116 billion Series 2 Bond issuance back in May this year.

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The FMDQ Gold Awards recognises excellence in Fixed Income, Currencies and Derivatives market. It also recognises demonstrated resilience and agility of the Nigerian financial markets participants and acknowledges the valuable efforts of the stakeholders and their participation in the FMDQ markets and across the financial market. It is also given to the corporate entity for the highest total bonds value admitted on FMDQ Depository.

 

During the annual Most Trusted Brand Award, organised by leading research firm Brand Health Ltd, Dangote Cement was chosen as the most trusted cement brand in a survey of 13,000 consumers.

 

The Chief Executive Officer, Brand Health Ltd, Emman Udowoima commended Dangote Cement for the achievement, describing it as a brand of trust and choice indeed. According to him “four out of ten consumers who took part in the study voted Dangote Cement as the Most Trusted Cement Brand in Nigeria. The popularity and the confidence in the brand is overwhelming as its closest rival scored just 12% while Dangote scored 41%.”

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Other cement brands with substantial mentions scored between 3% and 8%. Some of the elements of the survey include questions like ‘the brand that you feel most confident in, the brand that offers you what you want, the brand that offers highest quality, the brand that is distinctive, and the brand you would recommend to your friends and relatives.

 

Udowoima stated that about 13,000 respondents participated in the 2022 survey and were interviewed across 12 states in Nigeria including the Federal Capital Territory. The States are: Lagos, Oyo, Enugu, Abia, Akwa Ibom, Rivers, Plateau, Adamawa, Borno, Kaduna and Kano and the respondents were drawn from both urban and rural communities.

 

The survey, he said, used quantitative method to elicit responses from the consumers, and also focused on such demographics as gender – Male 50%, Female 50%; Social Class: AB 15%, C1 C2 40%, DE 45%; Age: 18-25, 30%, 26-35, 30%, 36-50, 25%, 51+ 15%.

 

He explained that “The Most Trusted Brands (MTB)” Awards was instituted in 2010 to reward brands that keep promises to the consumers. The award is an enabler for brands to do more for consumers, knowing full well that consumers either reward or punish brands according to their experiences.

 

The Dangote Industries Limited also received the award of the Most Outstanding Conglomerate in Environmental Sustainability. The award was given by the Environmental Sustainability Conference, Expo and Awards (ECOSEA) initiated by Brand Communicator, a frontline brands and marketing publication.

 

Joshua Ajayi, the convener of the conference and awards said, “corporate sustainability practices evolved rapidly in the country’s business space, from just being a cosmetic charity activity into organised sustainability needs built into a vision with specific goals.”

 

The award, which took place during the celebration of the organisation’s World Environment Day recently also gathered the best sustainability players to discuss various issues in sustainability during the conference themed Only One Earth: Building a Safer Environment.

 

Dangote Industries, a fully diversified conglomerate with annual group turnover of US$4billion has invested heavily in building a sustainable business which cuts across Cement, Sugar, Salt, Petroleum, Fertiliser and food.

 

Anthony Chiejina, the Group Chief Branding and Communications Officer at Dangote Industries thanked the organisers, describing the awards as another milestone in the Dangote Group’s business trajectory. He said it is a testament to the strategic business model being executed by the manufacturing giant, which is aimed at rejuvenating Nigeria’s economy and engendering developmental growth of Africa.

 

He expressed the assurance that the Dangote Group would not relent in its commitment to Africa’s development, adding that, “we will continue to impact lives positively through production of goods that meet the peoples’ need.”

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Federal Government Declares Public Holidays

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The Federal Government has declared Friday, April 18 and Monday April 21 as public holidays for Good Friday and Easter Monday, respectively.

The Minister of Interior, Dr Olubunmi Tunji-Ojo, announced the holidays on behalf of the Federal Government.

Tunji-Ojo extended heartfelt congratulations to Christians across the country on this joyous occasion.

erior, Dr Olubunmi Tunji-Ojo, announced the holidays on behalf of the Federal Government.

Tunji-Ojo extended heartfelt congratulations to Christians across the country on this joyous occasion.

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Court Jails Man Four Years for Refusal to Accept Naira As Legal Tender

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Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday, April 15, 2025, convicted and sentenced one Uzondu Precious Chimaobi to four years imprisonment for his refusal to accept the Naira as a legal tender.

 

Chimaobi was arraigned by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, Awolowo Road, Ikoyi, Lagos, on February 5, 2025 on a two-count charge bordering on refusal to accept the Naira as a legal tender.

 

One of the counts reads: “That you, Precious Chimaobi Uzondu, on the 10th of December 2024, in Lagos, within the jurisdiction of this Honourable Court, refused to accept Naira (Nigeria legal tender) by accepting the sum of $5700 ( Five Thousand Seven Hundred USD) as a means of payment for a purchase of a cartier diamond bracelet with serial number (12345678) and you, thereby , committed an offence contrary to Section 20 of the Central Bank of Nigeria Act, 2007.”

 

He initially pleaded not guilty to the charge, leading to his full trial.

 

Subsequently, the prosecution presented its first witness, PW1, Owolabi Oyarekhua Jude, an operative of the EFCC.

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Led in evidence by the prosecution counsel, H.U. Kofarnaisa, Jude told the court that “the Commission received intelligence on the activities of a jewelry company called Unlimited Jewellers Limited, “whose owner is one Uzondu Precious Chimaobi.

 

“The Company, which deals in jewelry at Atlantic Mall, Chevron Drive, Lekki, Lagos intentionally tags and sells its products in Dollars as against the CBN Act, 2007 ,which stipulates Naira as the only legal tender in Nigeria.”

 

Continuing, he added that “ Subsequently, a covert operation was carried out , where an undercover operative of the Commission disguised as a customer to purchase a Diamond Nail bracelet that was tagged $6000 and bought it for $5700.

 

“The company refused to receive Naira and demanded Dollars as a means of payment. The payment was made and receipt was issued in Dollars . The owner of the company was arrested and taken to the Commission’s office.”

 

However, at the resumed sitting on April 14, 2025, the defendant opted to change his “not guilty” plea to “guilty.

 

Consequent upon his guilty plea, Kofarnaisa, prayed the court to rely on the evidence earlier given by the investigating officer, and admit the same in convicting the defendant.

 

Kofarnaisa, thereafter, tendered the defendant’s statement and other evidence to further prove his guilt and they were admitted by the court.

 

Justice Owoeye then adjourned till Tuesday, April 15, 2025 for ruling.

 

Delivering judgment, they found the defendant guilty and gave him an option of fine of N50,000( Fifty Thousand Naira) on count one.

 

The Judge sentenced him to four years imprisonment, with an option of fine in the sum of N600,000 on count two.

 

His Cartier Diamond wristwatch was ordered forfeited to the Federal Government of Nigeria.

 

The convict bagged his imprisonment when he refused to accept Naira by accepting the sum of $5700 ( Five Thousand Seven Hundred USD) as a means of payment for a purchase of a cartier diamond bracelet. He was charged to court and convicted.

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Senator Sumaila Begins Consultations on Possible Return to APC

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Senator Sulaiman Abdulrahman Kawu Sumaila has begin consultation with his constituents to decide his fate on whether to return to the All Progressives Congress or not.

Reacting to a recent call by the APC leaders from Kano South Senatorial District, Senator Sumaila said he had embarked on rigorous consultations with constituents and other stakeholders.

“It is true the APC leaders from my district have called on me to return to APC. The leaders took the advantage of the internal crisis in my party; New Nigeria Peoples Party which factionalized the party.

“And I am sure they are targeting me because they knew my political strength and commitment in politics. So, when the call persist, i have started consulting my constituents and all relevant stakeholders.

“I am into politics because of my people and whatever situation I found myself, I will let them decide my fate. So, even this issue, I will not decide it by myself, I will rather allow them to decide.

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“Whatever decision my constituents take, I will abide by it because in politics consultation and openness are critical. So, one thing I can aşure you is that I will not decode my fate alone and whatever my constituents decode, I will go by it.” He concluded.

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