Fidelity bank card banner Emerald Energy Institute Camano banner

Emir of Kano wades into Dangote, BUA mining site dispute

By Olushola Bello, Lagos on 26/12/2017

Gmail icon

Views: 1,742

 •Emir of Kano, Muhammadu Sanusi II
•Emir of Kano, Muhammadu Sanusi II

The Emir of Kano, Muhammadu Sanusi II, has intervened in the raging controversy between Dangote Group and BUA Group over a mining site located in Okpella area of Edo State.

Africa’s richest man and chairman of Dangote Group, Aliko Dangote, owns Dangote Industries Limited, the producer of Dangote Cement, while business mogul, Abdulsamad Rabiu owns the BUA Group, producer of BUA cement. Both are natives of Kano.

The conflict over the rightful ownership of Mining Lease No 2541 between the duo has been on in the past few weeks, with both sides engaging in accusations and counter accusations, including name dropping in the media.

Obviously disturbed by the pace at which the war is taking, Emir Sanusi II stepped in by calling the two multi-billionaires to order so as to end the war, which is said to be doing more damage to their relationships and even affecting their business associates.

Emir Sanusi II, who by virtue of his position as the traditional ruler of Kano and father to all, opted to intervened on the matter with a view to finding a lasting solution to the scuffle.

A competent source told our correspondent that the royal father asked the two industry magnates to bury their hatchet and desist from further engaging in media war.

According to the source who did not want to be named in print, the Emir told the businessmen that the raging controversy was counterproductive.

It was gathered that the Emir, who is out of the country at the moment, assured that once he returns from his foreign trip, he would call the two sons of Kano to a round table.

“The Emir was disturbed over the matter and has asked them to put an end to the media war. In fact, he has sent emissaries to both men and will interface with them as soon as he returns,” the source said.

Our source further noted that the Emir and by implication, the Kano Emirate council, is worried that the two multi-billionaires are engaged in needless scuffle, which could have been handled in a subtle manner without recourse to rancour.

In the last one-month, the two cement giants had been embroiled in a war of some sort over the ownership of a mining site, which is already a subject of litigation.

The rift took a deeper crisis dimension recently when it escalated with new allegations and counter-allegations by the two companies. Both companies have been accusing each other of using force among other illegal activities.

Several interventions by the Ministry of Mines and Steel Development, the Edo Government and other stakeholders have proved futile.

The two companies got their licences from third parties; while BUA obtained its licence from the old Bendel Cement Company through its privatisation, Dangote Group obtained its licence from a company called AICO (Ado Ibrahim & Co) Limited.

The disputed area is at the boundary between Kogi and Edo states, but officials have said that mineral titles are not by state boundary but by the geographic coordinates, which means they can fall in any state.

The Mining Cadastre Office, however, is insisting that BUA overlapped the AICO’s title and that it has no case.

The disagreement between the companies compelled the Federal Ministry of Mines and Mineral Development to issue a directive that the Obuh mine, located in Okpella, Edo State should be shut down.

Edo State Governor, Godwin Obaseki, disclosed this while meeting with members of the Okpella community at the Government House.

“There are multiple claims and they have all gone to court. We have a letter from the Federal Ministry of Mines and Minerals Development instructing that the party currently mining that particular site should vacate it, pending the outcome of the decision in court,” Obaseki said.

Prior to this action, BUA Group had accused Dangote Industries of using armed personnel to take over the site and mining illegally.

The company also accused the Ministry of Mines and Steel of frustrating its operations, saying it had written to the Presidency, seeking its intervention.

Dangote Industries, in its defense had claimed BUA Group was illegally mining on a site it had made all the required payments for.

Group executive director of Dangote Industries, Edwin Devakumar, at a press conference in Lagos, stated that the conglomerate had acquired Mining Lease No. 2541 from AICO (Ado Ibrahim & Company Limited) sometime in 2014.

BUA Group started business in 1988 as a Private Limited Liability Company specialising in the importation and marketing of iron and steel, agricultural and industrial chemicals. Since then it has rapidly developed into a fully-fledged, diversified business with a stake in a wide range of business sectors.

The Dangote group was established in May 1981 as a trading business with an initial focus on cement, but has since diversified over time into various sectors of the economy, including port operations, road construction, salt refining and sugar refining. The group is one of the largest conglomerates in West Africa.

Adapted from a LEADERSHIP report.

 

 

Source News Express

Posted 26/12/2017 11:06:33 AM

 

 

CLASSIFIED ADS

 

You may also like...
Senate Presidency: Erring senators risk expulsion from APC...

Lamorde flown abroad for treatment

Reps summon finance, petroleum ministers, others over N465.6...

Nwodo using Ohanaeze presidency to feather his political...

Gunmen assassinate Port Harcourt lawyer

Obi, others bid farewell to Debe Ojukwu

Jonathan, Buhari meet behind closed doors in Aso...

A new start for Boko Haram wives

Medical consultant dies during Nigeria vs Argentina match...

Innoson sues GTB chiefs over alleged contempt

2019: Middle Belt Forum shortlists 4 presidential aspirants...

Churches raise prayer warriors to fight Ebola

 

Latest News ECOWAS Parliament faults closure of Nigeria’s borders, demands reversal REVEALED: How Oshiomole hijacked NDDC Board Chairmanship from Ondo State Buhari dissolves Obono-Obla’s panel on loot recovery 5-year-old boy shoots, kills brother Call Miyetti Allah to order, South-East farmers tell Buhari Trouble as lawmakers threaten Foreign Affairs Minister over xenophobia Adoke (ex-Minister who nearly committed suicide after leaving office) lied — EFCC •Tells him to come back home for trial Delta to spend over N1bn on rehabilitation of Federal roads Accidents: FRSC gets tough with Dangote RTEAN expels National President, suspends Secretary-General Senegal to offer free breast cancer treatment Airport: Ebonyi Govt. admonishes host communities

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (541,076 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (443,231 views) Shameless Genevieve Nnaji exposes breasts in public (389,558 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (326,780 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (294,789 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (253,694 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (249,832 views) 10 cars more expensive than Jets (238,480 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (231,539 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (217,579 views) Lagos plane crash: Journalist releases victims’ names (195,919 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (193,503 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (102) Business & Economy (4,447) Business Verdict (80) Columnists (1,109) Complaints & Requests (96) Enterprise & Opportunities (215) Entertainment (664) Features (812) Global Business Monitor (442) ICT Monitor (63) International (3,957) Interview (203) Live Commentary (30) Love Matters (170) Maggie's Blog (414) News (51,422) Opinion (1,359) Pidgin (17) Politics (11,449) Religion (1,102) Sports (2,169) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera