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Dangote Cement to Gov Bello: We Own Obajana Cement 100% Bennett Oghifo and Dike Onwuamaeze The Management of Dangote Cement Plc. yesterday firmly declared that the Obajana Cement plant in Kogi State is owned 100 per cent by it and that the invasion of the plant last Wednesday by

armed vigilantes "on the orders of the state government" was illegal. In a swift reaction, the Kogi State Government said the state “has all the relevant documents to prove that the purported acquisition of Obajana by Dangote is null and void.” Dangote Cement Plc, in the

statement signed by its Group Managing Director (GMD) Michel Puchercos and titled, “Illegal Shutdown of Dangote Cement, Obajana Plant”, declared the firm’s full ownership of the Obajana plant, while berating the attack on the plant. Puchercos said: “The

Management of Dangote Cement Plc. wishes to inform members of the public, especially its customers and other stakeholders of the recent invasion of its Obajana Cement Plant, Kogi State by armed vigilantes on the orders of the state government. “The vigilantes, led by some

officials of the State government were apparently acting on a resolution of the Kogi State House of Assembly on controversial tax claims; claims that the state governor had also contradicted when he said the shutdown was due to an alleged invalid acquisition of the company by

Dangote Industries Limited.” He said in the process of forcefully evicting the company’s workers, to enforce the illegal shutdown, the vigilantes shot at 27 of the workers and also destroyed some of the company’s property Continued on page 5

Chimamanda Adichie Receives Harvard’s Highest Honour... Page 8 Saturday 8 October, 2022 Vol 27. No 10042

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Return to Classrooms Immediately, A’Court Orders ASUU Alex Enumah in Abuja

GLO PUSHES THE FRONTIERS... L-R: Globacom’s National Sales Coordinator, David Maji; Chairman, Committee of E-Business Industry Heads ( CeBIH), Mrs Celestina Appeal; Vice-Chairman, Committee of E-Business Industry Heads (CeBIH), Mrs Folasade Femi-Lawal; and Head, Enterprise Business Group, Globacom, Zakari Usman, at the “Pushing the Frontiers –An Evening with Glo” event held at Eko Hotel and Suites in Lagos…Thursday

The Court of Appeal, Abuja Division yesterday ordered striking members of the Academic Staff Union of Universities (ASUU), to end the nearly eight months strike they embarked upon since February 14, 2022 and resume Continued on page 5

President: Oil Subsidy Ends Next Year, It’s Unsustainable

Unveils N20.51tn budget, N5.35tn capital expenditure, N6.31tn for debt servicing, N8.80tn new borrowings, with N10.78tn deficit Deji Elumoye, Sunday Aborisade and Udora Orizu in Abuja President Muhammadu Buhari yesterday, while presenting a record N20.51 trillion 2023 appropriation bill to a joint session of the National Assembly in Abuja, announced the discontinuation of subsidy on petrol in the country effective next year. The President, who did not indicate the specific month

the removal would take effect, described the subsidy regime as grossly unsustainable “in the current reality of low revenues occasioned by oil theft and insecurity.” President Buhari indicated that budget 2023, which is almost N3 trillion more than the N17.126 trillion budgeted for 2022, will also have a record N10.78 trillion Continued on page 5

Vincent Ogbulafor Passes on at 73... Page 14

BUDGET OF TRANSITION… President Muhammadu Buhari Presenting Budget 2023 to the National Assembly in Abuja.... yesterday

GODWIN OMOIGUI


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