Kogi seals Dangote Cement Factory for tax evasion and debt (Pictures)

Kogi seals Dangote Cement Factory for tax evasion and debt (Pictures)

The Dangote Cement factory in Obajana, Kogi State, has been sealed by the Kogi State Internal Revenue Service (KGIRS).

On Wednesday afternoon, a staff member confirmed the development to POLITICS NIGERIA, adding, “in fact, I’m on my way home as we speak.”

This newspaper learned that the KGIRS had sealed the company due to tax evasion and an acquisition dispute.

The Kogi State House of Assembly is said to have supported the action.

Kingsley Fanwo, the Kogi State Commissioner for Information, was quoted as saying: “Pursuant to the Constitutional authorities of the Kogi State House of Assembly, and upon petition by the people of Kogi State, an investigation was carried out on the acquisition of Obajana Cement Company by Dangote Company.

“It was found that no valid acquisition took place, as Dangote could not show evidence of what was paid as consideration for the acquisition.

“The legislators invited the Chairman of the Company, Aliko Dangote, before the house for explanations but he failed to appear before the state assembly, giving excuses.

“The House of Assembly, therefore, ordered the closure of the company pending when they are able to present it with credible evidence of a valid acquisition.”

At 16.25Mta capacity across five lines, Dangote’s cement factory at Obajana is the largest of three factories in Nigeria.

The company is founded by Nigerian business magnate, Aliko Dangote.

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