Dangote Petitions Nigerian Government, Wants Abdulsamad Rabiu-owned BUA Sugar Refinery Shut Down - IReporteronline
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Dangote Petitions Nigerian Government, Wants Abdulsamad Rabiu-owned BUA Sugar Refinery Shut Down

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The age-long rivalry that many thought had long been buried, between the richest man in Africa, Aliko Dangote and fellow Forbes billionaire, Abdul Samad Rabiu, has been re-ignited.

SaharaReporters gathered that the billionaires had for a long time, been rivalries as they both share some similarities.

Aside from being major players of the same sectors of the economy, they both hailed from Kano state.

It is of common knowledge that the wealthy Nigerians were not only fierce rivals in the Nigerian business environment, but were also embroiled in a bitter conflict of interests that made their relationship a topic of discussion among Nigerians at large.

Dangote in a recent petition to the Minister of Industry, Trade and Investment accusing BUA’s refinery in Bundu Free Trade Zone, Port Harcourt, Rivers state, of undermining the national sugar master plan (NSMP).

The NSMP is a policy road map for sugar production introduced in 2013 to achieve self-sufficiency in sugar production and save foreign exchange on the importation of sugar and ethanol.

The letter jointly signed by the Dangote and John Coumantaros, Chairman of Flour Mills of Nigeria accused BUA of operating with impunity by contravening the laws by selling its products locally instead of producing for export alone.

They both prayed the minister to investigate the quantity of raw sugar imported by BUA’s sugar refinery and “appropriate penalty in terms of duty at 60 percent and 10 percent levy be imposed, on the company”.

They called for a fair and discipline implementation of the NSMP by the Nigerian Sugar Development Council (NSDC) the regulator.

“Publicly available information suggests that BUA International, one of the players in the sugar industry, has commissioned a sugar plant in Port Harcourt, Rivers State. With the new refinery, the country’s refining capacity goes from 2.75 million metric tones to 3.4 million metric tones per annum, or from 170 percent over capacity over last year’s import quota to over 210 percent capacity,” the letter read.

“This investment in the Port Harcourt refinery was clearly done with the intention to undermine the NSMP. We are particularly surprised by the brazenness as we believe that the choice of location and the publicity campaign behind the investment has been deliberately engineered to provoke public sentiment and put the Federal Republic of Nigeria against its people.”

They also asked the ministry to ensure that no additional allocation of quota is given for raw, very high polarity sugar (VHP) or refined sugar for the refinery in Port Harcourt for local market production, adding that the company should be shut down.

However, Rabiu in his response dated February 11, 2021, said it is a well-known fact “in Nigeria and anywhere in the world that wherever Dangote is operating in any sector or business, he seeks to muscle out competition through any means necessary and this scenario is playing out again in this case”.

He wrote: “It is however strange that his current co-conspirator, John Coumantaros, a Greek/American national, was once a victim of Dangote’s. If we recall, he experienced similar issues at the hands of his co-conspirator which subsequently led to his arrest alongside his elderly father by the EFCC.

“They were detained for over a week because he decided to [do] cement business through UNICEM. In the end, the Coumantaros had to sell their business to save themselves. This is also matter of public record. They are only just acting as friends in connivance because of their interest to push out competition and create a monopoly for themselves.”

Rabiu said under the NEPZA act, companies are allowed to process and, if they so wish, sell 100 percent of their production in Nigeria with payment of duties based on the current raw materials tariffs.

Source: Sahara Reporters

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Court Reinstates Edo Commission Sacked By Oshiomhole 13 Years Ago

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The Court of Appeal, Benin Division, on Tuesday, set aside the dissolution of the Edo State Law Review Commission for the past 13 years over failure to follow due process.

The commission was dissolved in 2008 by the administration of Governor Adams Oshiomhole.

In a unanimous‎ judgment, the court ordered that the commission’s members be reinstated and be allowed to complete their tenure, which should now run from March 25, 2021, to August 25, 2025.

In the judgment delivered by a three-person panel and read by Justice Biobele Abraham Georgewill, with justices Oyebisi Omoleye and Fredrick Oho as members, the appellate court held that Mr Oshiomhole’s government did not follow the laid-down procedure in dissolving the commission.

In the suit (No B/375/OS/2009), the appellants were Jonathan Aghimien (SAN), T. E. Ogbeide-Ihama, and Edward Aigbanbe, while the Edo governor, the attorney general, and the House of Assembly were the respondents.

The appellants challenged the ruling of Justice Nogi Aifuwa Imoukhuede of the state’s high court, which dismissed the appellants’ claims for being statute-barred.

In his ruling, Mr Georgewill declared that “the dissolution of the Edo State Law Review Commission and consequent termination of the appointments of the Appellants on 24/11/2008, without due compliance with the provisions of the Revised Edition Law of Edo state 2001, by the 1st Respondent, the then Executive Governor of Edo state is null, void and of no effect whatsoever.”

The court set aside the letter issued by the then-Secretary to State Government on behalf of the governor, saying it was issued without compliance with the Revised Edition Law of Edo State 2001.

He said, “An order is hereby given reinstating the appellants to their aforesaid position as Chairman and members of the Edo State Law Review Commission to serve out the remainder of their five-year tenure.”

He added, “Thereafter from the date of this judgment being 25/3/2021 to 25/8/2025 totalling five years in line with Section 7 (1) of the Revised Edition Law 2001 of Edo state, excluding the period from 24/11/2008 to 25/3/2021, unless the appellants are removed in line with the provision of the Revised Edition law of Edo State of Nigeria 2001.”

(NAN)

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Some Of IPOB’s Grievances Are Valid. They Should Be Addressed Squarely – Gov Ikpeazu

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The governor of Abia state, Okezie Ikpeazu, says some of the grievances of the proscribed Indigenous People Of Biafra (IPOB) are valid and need to be addressed squarely.

Some of IPOB?s grievances are valid. They should be addressed squarely - Gov Ikpeazu

The group has over the years accused successive Nigerian governments of marginalizing the South East region and have called for the creation of the Biafran nation.

 

Speaking on Arise TV on Tuesday, April 12, Ikpeazu said some of the “issues raised” by IPOB should be addressed as they are valid.

 

In his words

 

“I have taken my time to listen to some of these issues raised by IPOB: issues about injustice, issues of marginalisation, issues of trust deficits within the polity called Nigeria as it concerns people from south-eastern Nigeria. And I think some of those are valid issues and they should be addressed and spoken to. They should be addressed squarely. So that everybody and those of us that are in government today can have a foothold within the southeast region to continue to promote the unity of Nigeria.

I do not subscribe to the strategy of IPOB in pursuing their goals. And the reason is because I’m yet to see the end of the tunnel from where I’m standing and I do not like to take a plunge in the dark. We must engage and discuss the issue which is bothering them and everybody and we can’t continue to pretend as if these issues are not valid.

Equal rights and justice is an indelible right of all citizens and if through impunity and carelessness we allow a group of people to begin to feel like they’re not rightly represented within the polity, it creates a lacuna where people are no longer confident in the government to protect them and take care of their interest within the polity. There’s bound to be agitation one way or another. Some of these reactions may extrapolate to levels that may undermine national convention and unity.”

 

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EFCC Arrests Former Imo State Governor, Rochas Okorocha

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Former Imo state governor cum Senator, Rochas Okorocha, has reportedly been arrested by operatives of the Economic and Financial Crimes Commission EFCC.

 

Officials of the Commission laid siege to the former Governor’s private office at Nkwerre Street in the Garki area of Abuja and picked him up shortly after he returned from a trip today April 13.

 

EFCC spokesperson, Wilson Uwujaren, who confirmed the arrest to the Nation but did not give reasons for the action.

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