FG reopens Obajana Cement as Dangote, Kogi govt continue talks
Work may now resume at the Dangote Cement Plant located in Obajana as it has been reopened by the federal government.
The cement plant was closed by the Kogi State Government over issues bordering on the legality of Dangote’s acquisition of the defunct Obajana Cement Company.
The reopening followed an order by the National Security Council on Friday directing the resumption of work at the cement plant.
The Minister of Interior, Rauf Aregbesola, told journalists that an agreement had been reached between the Dangote Group and the Kogi State Government on the need to reopen the factory while urging both parties to respect the agreement.
The reopening of the plant came after a 10-day disagreement by both parties over the legality of the acquisition of the cement plant.
In a series of statements by its Commissioner of Information, Kingsley Fanwo, the Kogi State Government had maintained that the acquisition of the cement plant by Africa’s richest man did not follow due process.
The state government, backed by its House of Assembly, maintained that process involving the acquisition of the plant translated to asset-grabbing.
On its part, Dangote Industries Limited, the parent company of Dangote Cement Plc had maintained that its acquisition of Obajana Cement Company followed due process.
Both parties were invited to the Aso Rock Villa last week as the presidency delved into the matter. The issue is now expected to be resolved in a round table meeting.
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