The 'unlawful acquisition' of Obajana Cement Company by Dangote Industries | TheCable

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OPINION BY AUGUSTINE MADUKA: The ‘unlawful acquisition’ of Obajana Cement Company by Dangote Industries | TheCable

October 8, 2022 2:17 PMFrom available records, Obajana Cement Company Plc was fully owned by Kogi state government before Dangote Industries Plc indicated interest to partner with her.

No doubt, the issue of what value, or consideration Dangote gave in the purported acquisition of Obajana Cement 100% has been notoriously raised in this whole story of acquisition. Similarly, the recent Kogi state house of assembly’s public hearing on same issue turned out the same result.

 

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