The management of Dangote Industries Limited has again vehemently rejected the many assertions of BUA Group, on its claim to being the rightful owner of Mining Lease No 2541.
Dangote in a statement made available to LEADERSHIP, yesterday, revealed that its reaction became very necessary as a result of its status as a publicly quoted company and to further re-assure its shareholders, the regulators and members of the public that the company is and remains a responsible corporate citizen
But in a swift reaction, BUA International Limited, asked Dangote Group to await the outcome of the judicial process on the matter.
The two cement companies had been embroiled in war of some sort over the ownership of a mining site, which is already a subject of litigation.
According to Dangote Group, BUA’s claim that it was trying to monopolise the Cement business in the country, wilfully, deliberately and mischievously concealed the fact that it has at least 12 Mining/Quarry Leases within and around the area in question as opposed to the sole Mining Lease No 2541 owned by the Dangote Group.
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