By: Henry Iyorkase, Makurdi,
The Benue State Government has dragged Dangote Cement PLC Plant Gboko in Benue to court to Reclaim their sharing holdings in the company.
The legal action was instituted through Benue Investment and Property Company Limited BIPC headed by it’s Managing Director Dr Raymond Asemakaha.
Speaking during press conference on Monday in Makurdi, Benue capita city, the Managing Director Dr Raymond Asemakaha has revealed demanding for the allotment which stands at 111,438, units of shares values at 65.8 billion is the entitlements of the state accumulated over the years.
Dr Asemakaha insisted we shall implored legal battle to ensure our entitlement is reclaimed hence Dangote Cement PLC is indisposed to show commitment to the case.
He explained the shares is dated back to 2005 they consciously refused to own up to their obligation saying several letters were written to Dangote Industries in respect of the matter ironically non was replied to the effect.
According to Asemakaha the agreement reached in 2005 between Benue State Government and Dangote Cement plant, Deputy Managing director were supposed to have been appointed from the state as well as Ten percent equity Shares non was implemented neither.
In his words the National privatalization policy during 0lusegun 0lusegun regime spelt out unavoically then as Federal government jointly with Benue Cement Company maintaining shares were divided accordingly.
However implementation of privatilation policy in 2005 when Dangote Cement industry bought the lion shares everything change they reneged on all frontiers.
” For the purpose of reference and clarity in respect to Dangote Cement PLC in 2006 entered into a Terms of Settlement with BIPC detailing the holdings and managerial positions as basis for the withdrawal of Suit No 1st. /APP/02/ 2006 filed against at security Tribunal:
