• Contact Us
  • About Us
Tuesday, August 25, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Buhari Orders Immediate Reopening Of Obajana Cement Factory 

... NSA To Probe Illegal Crude Pipelines

metro by metro
October 14, 2022
in News
0
0
SHARES
0
VIEWS

 

The National Security Council (NSC) has ordered the immediate reopening of the Dangote Cement factory in Obajana which was closed over a week ago.
The Kogi State government sealed the plant on October 5, 2022 over ownership issues and tax breaches.
The meeting, which also resolved to probe the discovered illegal crude pipelines has specifically ordered the Office of the National Security Adviser to investigate all issues relating to the discoveries of abandoned and discovered crude oil pipelines to determine the extent of the illegalities and perpetrators of such.

According to him, they will subsequently report back to President Muhamadu Buhari and the Council.

Read Also

Democratic California State Legislator Wahab Wins US House Of Representatives Seat

Bessent Says US To Impose ‘Toughest’ Ever Sanctions On Iran, Urges China To Cooperate

At least 50 killed, Mostly Children, As Overloaded Boat Capsizes In Sokoto, Nigeria’s Northwest

In addition, the Police Affairs Minister underscored that the committee that would be set up for the purpose of investigating the crude oil theft as a matter of urgent economic importance would be in conjunction with the Office of the Secretary to the Government of the Federation with a view to guaranteeing that all those involved are prosecuted.

But, the crisis between Dangote and Kogi State Government has continued to impact the revenue and shares of the cement manufacturer.

The NSC which is chaired by President Buhari, reached the decision at a meeting held at the Council Chambers of the State House in Abuja.

The Minister of Interior, Rauf Aregbesola, the Minister of Police Affairs, Mohammed Dingyadi and the Chief of Defence Staff (CDS), General Lucky Irabor were present at the meeting.

According to Aregbesola, the action will pave way for settlement of the lingering crisis in accordance with the law
Consequently, Dangote Cement’s share price had fallen to N220.5 from N245.5 which it was before the state sealed the plant.The 16 metric tonnes plant employs thousands and was the largest traded company on the Nigerian Exchange Limited until the dispute.
ALSO READ:MAN Urges FG To Resolve Kogi Govt, Dangote Dispute
Speaking on the issue, Aregbesola said an agreement had been reached between Kogi State Government and Dangote Group on the need to reopen the cement plant.He urged the state and the company to respect agreements reached.

He said there was need for the issues in contention to be resolved legally.

Dangote Industries Ltd had commenced a legal action against the Kogi State Government.

Previous Post

Tough Times Ahead For APC As Court Nullifies Election Of Only Female Gov Candidate 

Next Post

Farmfresh Receives NMA Endorsement

Related Posts

UK Finance Minister Says Govt To Cut Cost By 15%
News

Democratic California State Legislator Wahab Wins US House Of Representatives Seat

August 21, 2026
US Excludes Nigeria, 17 Other Countries From 2025 Visa Lottery Scheme
News

Bessent Says US To Impose ‘Toughest’ Ever Sanctions On Iran, Urges China To Cooperate

August 21, 2026
At least 50 killed, Mostly Children, As Overloaded Boat Capsizes In Sokoto, Nigeria’s Northwest
News

At least 50 killed, Mostly Children, As Overloaded Boat Capsizes In Sokoto, Nigeria’s Northwest

August 21, 2026
Nigerians More Vulnerable Now Than When You Came, Kukah Tells Buhari  
News

2027: Ordinary Nigerians Need To See Measurable Improvement In Their Lives-Kukah

August 18, 2026
Next Post

Farmfresh Receives NMA Endorsement

Redefining Work For The AI Era

August 24, 2026

Rwanda Highlights Potential for Migration to Drive Jobs, Skills and Regional Growth: IOM Chief

August 21, 2026
UK Finance Minister Says Govt To Cut Cost By 15%

Democratic California State Legislator Wahab Wins US House Of Representatives Seat

August 21, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

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
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version