Dangote Group restates ownership of Obu-Okpella mines

The management of Dangote Group has restated its ownership of Obu-Okpella mines, insisting that BUA Group does not own the mining sites in question, located in Edo State.

According to a statement by the Group Executive Director, Devakumar Edwin, “In 2014, the Dangote Group and AICO entered into an agreement for the transfer of 2541ML from AICO to Dangote Group. AICO thereafter applied to the Ministry of Mines for the approval of the Transfer vide a Mining Lease Transfer Form dated 11 July 2014.

“In 2016, the Ministry of Mines wrote to the Dangote Group to convey the approval of the Ministry for the Transfer/Assignment of 2541ML from AICO to Dangote Group with effect from 03 February 2016. Following the approval of the Ministry, the Dangote Group became the legal holder and owner of the Mining Lease No. 2541ML. The 2541ML Certificate was thereafter endorsed to reflect the transfer from AICO to the Dangote Group.”

The Dangote Group continued: “Once a party is aware of a pending court process, even when the court has not made a specific injunctive order, parties are bound to maintain the status quo pending the determination of the court process.

“However, as recently as October 9, 2019, while its wholly incompetent fundamental right suit was still pending, the BUA Group through its subsidiary (Edo Cement Company Ltd) applied to the Director-General of Mining Cadastre Office & Centre, Abuja for the renewal of the said Mining Leases Nos. 18912 and 18913. In response to the BUA Group’s renewal Applications, the Mining Cadastre Office, in Abuja in its letters dated 18 October 2019 wrote back to BUA Group to inform them in very categorical terms that the Mining Leases Nos 18912 and 18913 were non-existent and were not valid mineral titles.”

The statement, therefore advised the regulatory agencies to disregard the claim and publication by the BUA Group.


Leave a Reply

Your email address will not be published. Required fields are marked *


    No comments found.