Kogi Govt. Demands 10% Of Dangote Cement Shares

says the company started as Obajana Cement Company and queried why it was changed to Dangote Cement without any consideration.

The Kogi state House of Assembly has asked that 10% of shares be given to the state, OduNews reports.

Kogi Govt. Demands 10% Of Dangote Cement Shares
Kogi Govt. Demands 10% Of Shares

The lawmakers noted that the company started as Obajana Cement Company and queried why it was changed to without any consideration.

The Assembly ordered the management of company to provide all necessary documents relating to the transfer of Obajana Cement Company owned by the Kogi state government to Cement Company.

It also directed that the documents signed at the establishment of the Company and relevant receipts of dues it claimed to have paid to the Kogi State Government be available at the next adjourned sitting date.

The speaker of the Assembly, Matthew Kolawole, gave the order after interim reports of the ongoing investigative hearing on Internally Generated Revenue (IGR) which was submitted by the ad hoc committee led by Hon. Isah Tenimu Umar, Member Representing Lokoja I Constituency and deliberated upon at the plenary on Wednesday.

Kolawole said this has become important given the claims and counterclaims between the Chairman of Kogi State Internally Generated Revenue Service (KGIRS) and representatives of as the acting chairman of KGIRS, Salisu Enehe had earlier accused Cement Plc Obajana of forging its tax receipt during the investigative hearing by the State House of Assembly.

According to the State Revenue Boss, most of the figures the company claimed to have paid are incorrect, urging the company to check its record.

He added that despite the billions of that the company is making from the state monthly, it has failed to pay taxes that are due to the state and Lokoja Local Government Area.

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