• About
  • Advertise
  • Contact
Saturday, September 13, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Judiciary

Kogi Drags Dangote To Court Over Obajana Cement Company

Vital News by Vital News
October 20, 2022
in Judiciary
0
Share on FacebookShare on Twitter

Lokoja – The Kogi State Government has commenced legal action to reclaim ownership of former Obajana Cement Company which is now known as Dangote Cement Plc.

The legal action was instituted on Tuesday on behalf of Kogi state by Chief Joseph Daudu (SAN) at the High Court of Kogi State, Lokoja, has Dangote Industries Limited as the sole defendant.

Specifically, the claimant is seeking the nullification of the 2002 and 2003 agreement between it and Dangote group on the grounds that the agreement lacked clear consideration of what should pass from Dangote to the state.

Among issues raised for the court’s determination are whether upon careful examination and consideration of the agreements made between the Kogi State Government and Dangote Industries Limited on July 30, 2002, and February 14, 2003, respectively, it was not apparent that consideration (an essential ingredient of a valid contract) was lacking?

The government also asked the court to determine whether in view of a clear lack of consideration, the agreements made between the Kogi State Government and Dangote Industries Limited on July 30, 2002 and February 14, 2003, respectively, were not null and void?

RelatedStories

Osun Traditional Ruler, Apetu Of Ipetumodu, Oba Oloyede Bags Four Years Imprisonment In US Over $4.2mln COVID Scam

Appeal Court Orders Kogi To Pay Ex-Deputy Governor, Simon Achuba, N1.07bln Salary Arrears

NDLEA Secures Conviction Of Two Drug Kingpins, Emami, Akpomuai, To Spend 10-yrs In Prison

Tender Public Apology To Comfort Emmanson Or Face Court Action , NBA Tells Ibom Air

The claimant also asked the court to declare in the event that the issues raised for determination were in its favour that the agreements made between the Kogi State Government and Dangote Industries Limited on July 30, 2002 and February 14, 2003, respectively, “lack consideration, which is an essential ingredient of a valid contract”.

In addition, Kogi State is further seeking another declaration that the clear lack of consideration in the agreements render them null and void.

The major reliefs been sought in the Originating Summons include: “A declaration that Dangote Industries Limited cannot take any benefit, interest or rights from the incompetent agreements entered into on July 30, 2002 and February 14, 2003 respectively, having failed to furnish any consideration to the Kogi State government.

“An order nullifying the agreements entered into on July 30, 2002 and February 14, 2003 respectively, for lack of consideration.

“An order of perpetual injunction restraining Dangote Industries Limited, any of its agents or assigns from further utilising and or taking any benefit(s) from the agreement dated July 30, 2002 and February 14, 2003 between the Kogi State government and Dangote Industries Limited.”

In a nine-paragraph affidavit deposed to in support of the suit, the Kogi State government claimed that the Obajana Cement Company was solely registered in 1992 by the state government with registration number RC: 208767.

Deponent of the affidavit and Secretary to the Kogi State Government, Mrs. Folashade Ayoade, submitted that the sole purpose of establishing Obajana Cement Company was to mine the huge lime stone deposit in Obajana and consequently produce cement for the economic benefit of the people of Kogi State.

She confirmed that the Kogi State government and Dangote Industries Limited entered into two agreements on July 30, 2002 and February 14, 2003, for the purpose of producing cement for the economic benefit of the people of Kogi State.

However, she noted that no benefit by way of consideration passed from Dangote Industries Limited to the state government.

In the agreements although the state solely owns the company it had however transferred 90 per cent of its total shareholding to Dangote Industries Limited.

Parties also agreed that that they would be responsible for the funding of the project in equal proportions to their equity shareholding.

In the agreements the state shall be at liberty to sell up to 50 per cent of its 10 per cent equity in Obajana cement company to Kogi State indigenes by public offer or privilege within three months of comment of the project.

The agreement in addition noted that Kogi State shall not be entitled to lay any claim to any sum that may have accrued on its shareholding in dividends in the event of failure to meet its funding obligation as provided in the agreement.

No date has been fixed for the hearing of the suit.

Tags: cementCourtDangoteKogi
Previous Post

US Gives $1mln For Humanitarian Assistance To Flood Victims In Nigeria

Next Post

UN Worries Over Impact Of Flooding In Nigeria

Vital News

Vital News

RelatedStories

Osun Traditional Ruler, Apetu Of Ipetumodu, Oba Oloyede Bags Four Years Imprisonment In US Over $4.2mln COVID Scam
Crime

Osun Traditional Ruler, Apetu Of Ipetumodu, Oba Oloyede Bags Four Years Imprisonment In US Over $4.2mln COVID Scam

August 26, 2025
Appeal Court Orders Kogi To Pay Ex-Deputy Governor, Simon Achuba,  N1.07bln Salary Arrears
Judiciary

Appeal Court Orders Kogi To Pay Ex-Deputy Governor, Simon Achuba, N1.07bln Salary Arrears

August 22, 2025
NDLEA Secures Conviction Of Two Drug Kingpins, Emami, Akpomuai, To Spend 10-yrs In Prison
Crime

NDLEA Secures Conviction Of Two Drug Kingpins, Emami, Akpomuai, To Spend 10-yrs In Prison

August 19, 2025
Tender Public Apology To Comfort Emmanson Or Face Court Action , NBA Tells Ibom Air
Judiciary

Tender Public Apology To Comfort Emmanson Or Face Court Action , NBA Tells Ibom Air

August 12, 2025
Police Arraign Ekiti Woman For Reneging On Marriage Promise After Collecting N607,500 From Suitor
Judiciary

Female Air Passenger, Comfort Emmanson, Arraigned, Remanded In Kirikiri Prison

August 11, 2025
Next Post

UN Worries Over Impact Of Flooding In Nigeria

FG Appeals Judgment In Favour Of Kanu

8 Foreign, Local Investors Show Interest To Acquire Ajaokuta Steel – Minister

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Kogi Introduces In – house Training For Admin, Executive Officers, Ties  Promotion To Performance

Kogi Introduces In – house Training For Admin, Executive Officers, Ties Promotion To Performance

11 months ago
Abuja-Kaduna Train Service Resumes Dec 5 – NRC

Kaduna Train Attack Victims Demand Compensation From FG

3 years ago

Kenya Reinstates Fuel Subsidy

2 years ago
How Ogun PDP Gave Out Prepaid Cards on Election Day – Party Agent Tells Court

25 Students Of Ajayi Crowther University Arraigned Over Murder Of Alex Timileyin

1 year ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Another Bandit Leader, Babangida Kachala Killed In Kogi By Troops

Gov. Abiodun Appoints 1,200 Political Assistants To Strengthen Grassroots Democracy

Dangote Commences Free Delivery Of Petrol Sept. 15, Reduces Petrol Price To N820 per litre

Mrs Tinubu Launches N25mln Women Empowerment Programme In Kogi

Tax ID Mandatory Only For Taxable Persons In Trades, Businesses For Income Generation – FG

Air Peace Pilots, Flight Attendant Test Positive For Alcohol, Cannabis After Runway Overrun Incident In Port Harcourt – NSIB

Trending

2027 : Former Southern Legislators Endorse Tinubu At Abeokuta Summit
Politics

2027 : Former Southern Legislators Endorse Tinubu At Abeokuta Summit

by Vital News
September 13, 2025
0

Ahead 2027 general elections, the Southern Summit of Former Legislators has formally adopted President Bola Ahmed Tinubu...

Stakeholders Unite Against Gender-Based Violence In Kwara, Call For Survivor-Centred Justice

Stakeholders Unite Against Gender-Based Violence In Kwara, Call For Survivor-Centred Justice

September 13, 2025
Governor Sanwo-Olu Urges Youth To Imbibe Good Values In Preparation To Becoming Future Leaders

Governor Sanwo-Olu Urges Youth To Imbibe Good Values In Preparation To Becoming Future Leaders

September 13, 2025
Another Bandit Leader, Babangida Kachala Killed In Kogi By Troops

Another Bandit Leader, Babangida Kachala Killed In Kogi By Troops

September 13, 2025
Eid -el-Adha : Governor Abiodun Congratulates Muslims,Charges Them On Selflessness, Compassion

Gov. Abiodun Appoints 1,200 Political Assistants To Strengthen Grassroots Democracy

September 12, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • 2027 : Former Southern Legislators Endorse Tinubu At Abeokuta Summit September 13, 2025
  • Stakeholders Unite Against Gender-Based Violence In Kwara, Call For Survivor-Centred Justice September 13, 2025
  • Governor Sanwo-Olu Urges Youth To Imbibe Good Values In Preparation To Becoming Future Leaders September 13, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In