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Management of Dangote Group over the weekend accused BUA of engaging in illegal mining of limestone deposited in its Mining Lease No. 2541, located in a boundary town of Oguda/Ubo in Okene Kogi State.

Dangote’s Executive Director, Mr. Devakumar Edwin frowned at the media war, instigated by BUA against the Dangote Group, over a matter which is already pending before the Federal High Court, Benin Division

Edwin revealed that: “Dangote Group validly acquired its interest and mining title in the disputed Mining Lease No. 2541 from AICO Ado Ibrahim & Company Ltd sometime in 2014. AICO itself had applied to the Mining Cadastre Office and Ministry of Mines and Steel Development for the said Mining Lease No. 2541 located in a boundary town of Oguda/Ubo in Okene Kogi State in 2007.

The Ministry in exercise of its power under the Nigerian Minerals and Mining Act, 2007 granted and issued to AICO ML. No. 2541 for the renewable period of 25 years effective from 1st February 2008 and to expire on 31 January, 2033.

Thus AICO by virtue of the said grant, became vested with the legal title over ML. No. 2541. In 2014, the Dangote Group approached AICO and indicated interest in acquiring AICO’s stake in ML No. 2541. In 2014, AICO in exercise of its right under the Mining Act, applied to the Ministry for the transfer of its title in the ML No. 2541 to Dangote Group. AICO and Dangote Group equally paid all the transfer and statutory fees demanded by the Ministry.”

He further explained that:” By a letter dated 05 February 2016, the Ministry wrote to the Managing Director of the Dangote Group to convey the approval of the Ministry for the Transfer/Assignment of ML No. 2541 from AICO to Dangote Group with effect from 03 February 2016. Following the successful transfer of ML. NO. 2541 to Dangote Group, the Group became the holder of the Mining Lease No. 2541.”

He said even BUA in its process in Court acknowledged that these illegal mining leases which it claimed were granted in 1997 were temporary mining leases.

Edwin also recalled that the then Minister for Solid Minerals under Olusegun Obasanjo’s regime, Dr Oby Ezekwesili sometime in 2006 waded into the dispute and invited the managements of Edo Cement Company Limited and AICO Ado Ibrahim & Company Limited for a meeting and that in the course of the meeting the then Minister again queried the legality of Mining Lease Nos 18912 and 18913 and the power of the Governor of Edo State to grant such mining leases.

“At the end of the Meeting, the Minister declared the Edo Cement’s Mining Leases Nos. 18912 and 18913 illegal and declared the mining site open for interested investors. Given that AICO’s then existing Mining Lease No. 17825 was yet to be renewed even though application for renewal was pending, AICO in 2007 (under the Mining Act, 2007) applied for the fresh Mining Lease No. 2541 and the Ministry granted it in 2008 without any objection from Edo Cement Company” Edwin said AICO, who sold the right to Dangote, continued its mining operations in the Mining Lease No. 2541 undisturbed until BUA Group acquired Edo Cement Company Limited and resuscitated the dispute again.

Edwin further revealed that it was the attempt by BUA to encroach on AICO’s mining title in Mining Lease No. 2541 that prompted AICO to write to the Ministry in 2015 complaining of BUA’s encroachment.

He said: “The Ministry after investigation in the same 2015 by the letter dated 21 January 2015 wrote to the Chairman of BUA Group directing BUA to stop mining within the ML. No. 2541. It was this same letter from the Ministry that prompted BUA to file a Suit at the Federal High Court Benin in 2016.”

Edwin said: “It is therefore appalling that BUA Group in the midst of these overwhelming facts will still want the public to believe that Dangote Group is after its business when in actual fact BUA has been the one mining illegally in Dangote Mining Lease and attacking its officials without any justification… The crocodile tears being shed by BUA in its cry for help and open letter to the President is most laughable and a total distraction from BUA’s continuous illegal activities within Dangote’s ML 2541 aimed at depleting and exhausting the limestone reserves in order to sabotage Dangote Group’s legitimate investment.”

NEWS

Money Laundering: Ex-Skye Bank Chairman, Tunde Ayeni Arraigned; Gets N50m Bail

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A Federal High Court in Abuja on Monday admitted Tunde Ayeni, a former Chairman of the defunct Skye Bank Plc, now Polaris Bank, and a former Managing Director of the bank, Timothy Oguntayo, to bail in the sum of N50 million each.

The Economic and Financial Crimes Commission charged Ayeni and Oguntayo with money laundering, involving N4.75 billion and $5 million.

The trial Judge, Justice Nnamdi Dimgba, who admitted Ayeni and Oguntayo to bail, also ordered them to produce two sureties each in like sum.

Justice Dimgba ordered that if the two failed to perfect their bail conditions within 36 hours, they would be remanded in Kuje Prison.

He also ordered that if surety was a civil servant, he or she must be on GL 15 and if a private citizen, the person must own landed property in Abuja or Lagos.

Dimgba ruled that the sureties must deposit their international passports with the registry of the court.

He later adjourned the matter until February 13 and 14, 2019 for the commencement of trial.

Earlier, following the not guilty plea, the prosecuting counsel, Abba Mohammed, prayed the court for a date to commence trial.

Mohammed also urged the court to remand the defendants in prison custody pending commencement of trial.

Dele Adesina (SAN), counsel to Ayeni, and Tola Oshodi (SAN), counsel to Oguntayo, however told the court that there were pending bail applications filed on behalf of their clients which had already been served on the prosecution.

The EFCC alleged that the offence took place between 2014 and 2015.

They both pleaded not guilty to the eight-count charge preferred against them by the anti-graft agency.

In the charge, the EFCC said: “You, Mr Tunde Ayeni whilst being the Chairman Board of Directors of Skye Bank Plc and Timothy Oguntayo whilst being the Managing Director and Chief Executive of Skye Bank between 2014 and 2015 conspired at different times to do on illegal act.”

The agency said Ayeni received the delivery of the sums of money totalling N4.75 billion and $5 million belonging to Skye Bank Plc contrary to the provisions of Section 1(a) of Money Laundering (Prohibition) Act 2011 (as Amended) read together with section 18(a) of Money Laundering (Prohibition) Act 2011 (as Amended) and punishable under Section 16(2) (b) of the Money Laundering (Prohibition) Act 2011 (as Amended).

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LIFESTYLE

Reasons Why You Should Attend The ‘Style By Zenith’ Fair 2018 !!!

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Fellas, you don’t wanna miss this Life Time Opportunity!!!

Attending this Prestigious Event will help you improve your Lifestyle and give you all you need to be that man/woman that you want the world to see…

Ever wanted to SLAY with your choice of LIFESTYLE???
This is the Event to be….

Are you a Purveyor and you seek to sell your Lifestyle Products to a Large number of People and make more sales, which in turn results to more money??
This is the Event to be….

Are you still contemplating on Attending??? 🤔😊

Consider The Following Attractions:

° You get access to a wide variety of Lifestyle Products & Services along with Quality Discounts for People that make Payments using Zenith Bank Cards, Scan to Pay or *966# on POS.

° Networking with High Minds & Different People from all walks of life.

° Have Explicit Fun as you wish, as 2018 comes to a Close.

° Performances by Nigerian Artistes.

° Runway Model Display.

° Play Area for Children with Age Appropriate Entertainment & and Lots More….

Excited?? 
We’re too…

We STYLE …. You SLAY!!!

It’s Happening Live on the 29th & 30th of December 2018 @ Prince Alaba Oniru Road, After Four Points by Sheraton, Oniru Estate.

Time 9am Prompt!!!

Style By Zenith Fair 2018

Live your Best Life….

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NEWS

NASCON Launches New Dangote Classic Seasoning Cubes

Gbemileke Ajayi

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Management of the NASCON Allied Industries Plc, a subsidiary of the Dangote Industries Limited has pledged its commitment towards a healthy living by the people by producing products that meet the physical and mental needs of the people.

Executive Director, Commercial NASCON Allied Plc, Fatima Aliko Dangote gave this pledge in Kano during the unveiling of new Classic Seasoning Cube in addition to its array of food seasonings already in the market.

The new product which the NASCON boss described as a product of thorough and painstaking research into the preference of the people in the seasoning sub sector of the food industry came in the wake of a similar launch recently, of new Curry Powder and Stew Mix from the stable of NASCON.

Fatima Aliko Dangote said she had no doubt in her mind that the new product would be an instant hit given its unique taste, flavor and aroma noting that the new classic seasoning cubes and stew mix were created with a special blend of herbs and spices to give meals that unique taste and great aroma.

She described the new classic seasoning as a new innovation birthed after years of consumer led research and development, and urged distributors, marketers, eateries and consumers to immediately key into it.

Lacing her remarks with the Hausa local dialet, while explaining the strengths of the product, she described the seasoning as Karshen Magana meaning the real deal and that it is second to none in the market throughout the country.

According to her, the management of NASCON decided to go into the research for the new product bearing in mind that wellbeing is reduced by poor diet yet it is expensive to be unhealthy.

Good nutrition, she stated maintained immune system and delays the effect of aging because it reduces the risk of chronic disease while poor diet reduces physical and mental health. She therefore urged women to try the new seasoning cubes, stew mix and curry powder, as they would ensure meal moments are great moments.

Fatima Aliko Dangote assured that the products would be launched in other parts of the country very soon, adding that despite the high innovative quality, they are affordable and available with various promotional items to be given out to the distributors and consumers.

In his remark, the Group Managing Director of NASCON Allied Plc Mr. Paul Farrer assured that the new product is a high margin product that would help ensure distributors and customers remain profitable, describing the new product as premium but affordable to the consumers.

The Company used the occasion to introduce its Brand Ambassador to the customers, in the person of renowned Kannywood multi-talented actress Hadiza Gabon, who described the Dangote Seasoning cubes as a seasoning with great flavor, and good taste while recommending it to all women in Nigeria.

Speaking to media men in an interview at the event, NASCON key distributor, Alhaji Hamisu Rabiu of Hamis Investment in Kano described NASCON products as fast moving and of good quality. He urged other distributors and retailers across the country to immediately key into the new classic cube, Dangote stew mix and Dangote curry powder.

At the launch Wednesday about 300 distributors, wholesalers and retailers were excited and most express optimism that it will up the market of NASCON.

Head of Marketing of NASCON Allied Industries Plc, Mr. Olusegun Ajala expressed optimism that the “innovative brand will up the company’s market share exponentially because of its unique taste and aroma.

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