Friday, December 3

Tag: BUA

Ganduje, Others Reconcile Dangote, BUA Over Sugar Plant
Business

Ganduje, Others Reconcile Dangote, BUA Over Sugar Plant

Governor Abdullahi Ganduje of Kano state has waded into the dispute between Dangote and BUA companies owned by two business moguls from the state. This is in order to resolve the lingering conflict among the two Kano State prominent indigenes Aliko Dangote and Abdussamad Isyaka-Rabi’u over the establishment of a Sugar plant by BUA. A statement by Abba Anwar, the Chief Press Secretary to the governor on Thursday in Kano, said the reconciliation meeting took place on Wednesday in Abuja. He said that Alhaji Aminu Dantata, Kano Emirate and the Kano State Council of Imams joined the governor in the reconciliation meeting. The News Agency of Nigeria (NAN) recalls that recently there were reports that Dangote complained about the establishment of a sugar plant by BUA International...
BUA Refinery: Pres. Macron Lauds Abdul Samad Rabiu As BUA Signs Deal With Axens
Business

BUA Refinery: Pres. Macron Lauds Abdul Samad Rabiu As BUA Signs Deal With Axens

The French President, Emmanuel Macron, has commended the Chairman of BUA Group, Abdul Samad Rabiu for his commitment to developing lasting relationships between French and Nigerian businesses. This came as the French Minister for Foreign Trade and Economic Attractiveness, Franck Riester, paid a visit to the BUA Group HQ in Lagos Nigeria where he handed over a personal invitation from President Macron to Abdul Samad Rabiu to attend the Choose France Summit in June in Paris representing business leaders from Nigeria and Africa. The French minister also witnessed the signing of a progress acknowledgement statement between BUA Group and Axens of France for BUA’s proposed 200,000barrels per day refinery in Akwa Ibom. During the visit, it was also announced that the Chairman of BUA Group ...
BUA’s Sugar Plantation: A Reply To Chika Mbonu By Perry Okolugbo
Business

BUA’s Sugar Plantation: A Reply To Chika Mbonu By Perry Okolugbo

BUA Sugar Plantation: Dangote, Flour Mills And Chika Mbonu’s Lies Busted Whilst banker turned TV analyst, chika mbonu was busy spewing lies about satellite imagery reminiscent of the infamous iraqi weapons of mass destruction saga, unbeknownst to him, journalists were on an unpaid media tour of the BUA Sugar Lafiagi plantation to see for themselves and also take pictures and videos that completely debunked his fake, clumsy claims of nothing being on ground. Lol. The truth was far different from what Mbonu was saying on TV. The plantation is being developed, the ethanol plant is completed and awaiting commissioning, construction of the sugar refinery is at 68percent and shoould be completed alongside the sugar mill in Q1, 2021. Nigerians begin to wonder why the continued onslaught...
Sugar: Dangote Can Do More, BUA Has Not Done Enough – Chika Mbonu
Business

Sugar: Dangote Can Do More, BUA Has Not Done Enough – Chika Mbonu

Chika Mbonu, an analyst on Arise TV’s business report, this morning took a quick drive into the current national conversation on local sugar production. The analyst took viewers through the key details of the plan while assessing the performance of all three stakeholders. His conclusion is the passion and drives that Dangote Sugar displays towards its refining business must be replicated in expanding its sugar production business. While acknowledging that Dangote actually has an operational sugar mill in Adamawa, Chika felt it should be much bigger right now, given Dangote’s profile. On BUA, He noted that there were gaps in the figures reported by BUA in its latest performance report and the satellite images obtained Arise TV. These satellite photos actually show that BUA has not...
Sugar War: Dangote Demands Sanction Against BUA
Business

Sugar War: Dangote Demands Sanction Against BUA

Facts have emerged on how Nigeria's biggest sugar producer, Dangote Industries Limited, alongside another producer, flour mills of Nigeria plc, approached the federal government to reprimand BUA, their rival in a bid to shut down its business. Correspondences exchanged between the companies and the federal ministry of trade and investment were exclusively obtained by POLITICS NIGERIA. Their grouse is against BUA's most recent sugar refinery plant in the Bundu Free Trade Zone, Portharcourt, Rivers state capital, which they accused of importing raw materials against regulations and the National Sugar Master Plan (NSMP) hinged on the backward integration plan. The development of NSMP commenced in 2008 under the administration of the late President Umaru Musa Yar’Adua but was approv...
Ignore Malicious 2023 Posters Of Abdulsamad Rabiu – BUA
News

Ignore Malicious 2023 Posters Of Abdulsamad Rabiu – BUA

BUA group has called on the general public to Ignore malicious campaign posters alleging that its chairman, Abdulsamad Rabiu seeks to run for Public Office in 2023. In a statement made available on Friday, signed by its Corporate Communications Chief, Otega Ogra, Mr. Abdulsamad has no intentions to run for office. "Our attention has been brought to actions of certain unscrupulous elements printing posters linking the name and person of the Chairman of BUA Group, Alhaji Abdul Samad Rabiu to a run for political office." "We wish to inform the general public, on behalf of the Person of the Chairman that, Alh. Abdul Samad Rabiu is neither interested nor is he willing to run for political office. At no time has he indicated interest in running for an elective position neither is he l...
BUA Petroleum Refinery Ready In 2024 – Abdul Samad Rabiu
Business

BUA Petroleum Refinery Ready In 2024 – Abdul Samad Rabiu

Baring any unforeseen developments in the local and international economy, the 200,000 barrels per day BUA Petroleum Refinery will commence full commercial operation in 2024, after a groundbreaking ceremony billed for May this year. Giving graphic details on the economics of Nigeria’s second largest petroleum refining complex in Lagos at the weekend, Executive Chairman of BUA Group, Abdul Samad Rabiu, said the project was initiated against the backdrop of the huge amount of foreign exchange the nation spends importing refined petroleum products into the country. Rabiu who defended the sustainability of his Group’s investment in the various sectors of the economy, said the refinery project will meet the government’s economic diversification agenda in the long run, as new fuel stan...
Public Health Nigeria Condemns CACOVID’s Attempt To Demonize BUA Over Vaccine
Health

Public Health Nigeria Condemns CACOVID’s Attempt To Demonize BUA Over Vaccine

When the Coalition Against COVID-19 (CACOVID) a private sector-led initiative was established to assist the government in combating the Coronavirus disease in the country, the Public Health community lauded the initiative because it was a noble idea. However, according to a statement by the Executive Director of Public Health Nigeria, Dr. Oche Joseph Otorkpa the events of the past 24 Hours has clearly shown that the Organization has lost focus in the midst of a second wave that has ravaged Africa and continues to take lives and destroy businesses across Nigeria. The original purpose of the relief fund was to support the Federal government of Nigeria in containing the COVID-19 pandemic in Nigeria; to ensure patients get the care they need and frontline workers get essential supplies...
CACOVID Disowns BUA’s Contribution Of 1 Million Doses Of COVID-19 Vaccine
Health

CACOVID Disowns BUA’s Contribution Of 1 Million Doses Of COVID-19 Vaccine

The private sector-led coalition against COVID-19 (CACOVID) has disowned the statement by the BUA group, stating that the company plans to purchase one million doses of COVID-19 vaccine for Nigeria. In a statement issued earlier on Monday, the BUA group had announced that it would purchase one million doses of the AstraZeneca COVID-19 vaccine, through the AfreximBank vaccine programme in partnership with Private Sector Coalition Against COVID-19 (CACOVID). However, in a statement, CACOVID denied BUA’s contribution to securing the doses, stating that purchase of the vaccine cannot be done by individuals or companies, but only through the federal government.
BUA Donates Additional ₦350 Million To CACOVID
Health

BUA Donates Additional ₦350 Million To CACOVID

BUA Group has donated an additional sum of 350million Naira to CACOVID (the CBN-led Private Sector Coalition on Covid-19) bringing to 1.35billion Naira, its total donation to CACOVID. In another development, BUA also announced the donation of 100million Naira to the Kebbi State Government to support victims of the recent flooding in the State. Speaking on the donations, the Chairman of BUA Group, Abdul Samad Rabiu, said BUA remains committed to its sustainable development obligations as a responsible corporate citizen and will keep supporting various social and humanitarian interventions wherever it can. Rabiu also specifically commended the efforts of the Governor of the Central Bank of Nigeria, Godwin Emefiele in coordinating the CACOVID intervention efforts in a transp...
Obu Mines: BUA Threatens Dangote Group With Contempt Of Court Proceedings
Business

Obu Mines: BUA Threatens Dangote Group With Contempt Of Court Proceedings

BUA Group has warned Dangote group to remove its excavators and trenches used in barricading the entrance of Obu Mines in three days or face contempt of court proceedings. BUA Group in a statement said that Dangote in its not so surprising tactic and in total disregard for the court and rule of law has laid siege on BUA’s Obu mines Okpella by placing excavators and creating trenches at the entrance to effectively prevent BUA Vehicles from operating at the mining sites even after a competent Federal High Court in Benin recently granted BUA rights over the mines. While drawing public attention to the Dangote’s illegal self-help measures, BUA warned Dangote to restore access to its mining sites, by refilling the trenches and removing their excavator, within three days or it will Insti...
Court Restrains Dangote, Police From Interfering With BUA Mining Sites
Business

Court Restrains Dangote, Police From Interfering With BUA Mining Sites

A Federal High Court in Benin City has restrained Dangote Industries and the Nigerian Police Force from interfering with BUA Group’s operations of the disputed Okpella mining sites in Okpella, Edo State in a judgement it delivered recently. A statement by the management of the company on Sunday recalled that BUA was legally operating on its mining sites before operations at three of those mines were abruptly disrupted by the Inspector General of Police and the Edo state Commissioner of Police on the order of Dangote Industries & Dangote Cement Plc in 2017. According to the statement, the court ordered the Inspector General of Police as 1st Respondent, Commissioner of Police, Edo State as 2nd Respondent, Dangote Industries, 3rd Respondent and Dangote Cement Plc as 4th Respondent t...
Dangote, BUA Commend NFF’s Transparency on Falcons’ Cash
Sport

Dangote, BUA Commend NFF’s Transparency on Falcons’ Cash

Two big voices within Corporate Nigeria have thumbed up the Nigeria Football Federation for display of transparency with regards to the N50million and N25million windfalls from both organizations to the Super Falcons, following the team’s triumph at the Women Africa Cup of Nations in Ghana early last month. At a special event honouring the Federation’s sponsors and partners and the Super Falcons in Lagos, Mr. Olakunle Alake (Group Managing Director, Dangote Industries) and Otega Ogra (Group Head, Corporate Communications of BUA) and Tajudeen Ahmed (Group Head, Business Development of BUA) lauded the decision by the NFF to have the monies transferred directly to the beneficiaries. “We asked to transfer the money directly to the NFF but the leadership opted for direct payment to th...
BUA Group Tackles Edo Govt For Sealing Mining Site, Arresting Staff
Uncategorized

BUA Group Tackles Edo Govt For Sealing Mining Site, Arresting Staff

Cement firm, BUA Group, has accused Edo State Governor, Godwin Obaseki, of shutting it out of operation in one of its mining sites in the state. A statement by the corporate department of the firm, Wednesday, also alleged the arrest of two of the company’s staff during Mr. Obaseki’s visit to the site, located in Obu-Okpella. BUA said the governor conducted “a gestapo-style forceful shutdown of that mine despite a subsisting court pronouncement that the Mine be allowed to operate”. “Upon reaching that mining site and not meeting any personnel or equipment, two BUA Cement employees were invited to the mining site to receive the governor. “We later learnt that these employees were arrested upon arrival on the orders of the governor and taken away for no just reason,” the statement...
Governor Obaseki Orders Arrest Of Two BUA Officials
News

Governor Obaseki Orders Arrest Of Two BUA Officials

Godwin Obaseki, governor of Edo state, has ordered the arrest of two employees of BUA International Limited over alleged violation of a ‘stop work order’ issued by the ministry of mines and steel. The order was given due to a dispute involving BUA and Dangote Group on the ownership of Obu mine site located in the state. According to NAN, when the governor visited the site on Wednesday, he discovered that the officials were carrying on with work. “The order is pending the determination of a court suit over the ownership of the mine site,” he said. Obaseki was accompanied by soldiers, policemen, Nigeria Security and Civil Defense Corps and operatives of the Department of State Services (DSS). Obaseki said that the state government was more interested in the security of lives a...
Stop Peddling Falsehoods – BUA Tells Dangote
News

Stop Peddling Falsehoods – BUA Tells Dangote

BUA has fired back at Dangote Group for accusing it of illegally mining limestone in Okene area of Kogi State.   Management of Dangote Group, had over the weekend accused BUA of engaging in illegal mining of limestone deposited in its Mining Lease, No. 2541, located in a boundary town of Oguda/Ubo in Okene Kogi State. Dangote’s Executive Director, Mr. Devakumar Edwin frowned at the media war, instigated by BUA against the Dangote Group, over a matter which is already pending before the Federal High Court, Benin Division. Reacting to Dangote’s claim, the company in a statement on Thursday warned Dangote to stop peddling falsehood and lies just to gain sympathy from the public. The statement reads in full: “Our attention has been drawn again to a new publication b...
Dangote Accuses BUA Of Stealing, Illegal Mining Of Limestone On Its Properties
News

Dangote Accuses BUA Of Stealing, Illegal Mining Of Limestone On Its Properties

Management of Dangote Group, over the weekend accused BUA of engaging in illegal mining of limestone deposited in its Mining Lease, No. 2541, located in a boundary town of Oguda/Ubo in Okene Kogi State. Dangote’s Executive Director, Mr. Devakumar Edwin frowned at the media war, instigated by BUA against the Dangote Group, over a matter which is already pending before the Federal High Court, Benin Division. Edwin revealed that: “Dangote Group validly acquired its interest and mining title in the disputed Mining Lease No. 2541 from AICO Ado Ibrahim & Company Ltd sometime in 2014. AICO itself had applied to the Mining Cadastre Office and Ministry of Mines and Steel Development for the said Mining Lease No. 2541 located in a boundary town of Oguda/Ubo in Okene Kogi State in 2007. The...
Dangote Accuses BUA Of Stealing And Illegally Mining Limestone On Its Properties
News

Dangote Accuses BUA Of Stealing And Illegally Mining Limestone On Its Properties

Management of Dangote Group over the weekend accused BUA of engaging in illegal mining of limestone deposited in its Mining Lease No. 2541, located in a boundary town of Oguda/Ubo in Okene Kogi State. Dangote’s Executive Director, Mr. Devakumar Edwin frowned at the media war, instigated by BUA against the Dangote Group, over a matter which is already pending before the Federal High Court, Benin Division Edwin revealed that: “Dangote Group validly acquired its interest and mining title in the disputed Mining Lease No. 2541 from AICO Ado Ibrahim & Company Ltd sometime in 2014. AICO itself had applied to the Mining Cadastre Office and Ministry of Mines and Steel Development for the said Mining Lease No. 2541 located in a boundary town of Oguda/Ubo in Okene Kogi State in 2007. The Mi...

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