Kogi vs Dangote: Bello’s Assistant, Anthony Edogbo breaks bit by bit for Clarity
1. In 2002/2003
The Kogi State Government and Dangote Group signed an agreement. 90% share of the company was transferred to Dangote Group with 10% reserved for the state2. Dangote Group refused to give the state it’s share as is expected that a state official should serve as one of the company’s directors.
3. Worried by the situation 10 years later, the government of Yahaya Bello set up an Inquiry Committee.
4. The committee discovered that the agreement of 2002/2003 was invalid as the State House of Assembly was not involved.
5. In a new inquiry report, it was stated that “There is no evidence of consideration paid by Dangote Limited to State Government from the alleged transfer of Obajana Cement Company Plc and no dividend was paid to the State from the profits realised from inception
6.The Committee invited the management of Dangote Group on 15th February 2017 for questioning, the invitation was not honoured by the Dangote Group.
7. With several attempts to sit with the group management not yilding results, the state government moved to recover the ownership by sealing off the company
8. Fact: A bag of Dangote Cement is sold in Lokoja for #4,000. While the same bag is sold in Kano for #3,800. This means Kogites pay higher for what is produced with their resources at their door steps
9. Fact: Governor Bello has just few months to leave office, he is only making this efforts for the benefits of the people
10. Kogites have said no to Dangote Group exploitations
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