Limestone site saga: BUA welcomes Dangote move to wait on completion of judicial process
BUA International Limited has welcomed the decision of the Dangote Group to await the completion of the judicial process in the ongoing dispute by both parties over limestone mining sites.
Dangote Cement Plc had written to the Nigerian Stock Exchange on Tuesday in respect of a report that a court awarded ₦2,697,125,000 against it for breach of contract.
The firm had stated in its letter to the NSE, “Dangote Cement Plc hereby wishes to stress that the case in question involves allegations of breach of contract, which it denies.
“Based on the advice of counsel, DCP believes that the judgement and order of the Federal High Court, Kogi State, in the matter is erroneous and fundamentally flawed in numerous material respects.
“DCP has already filed an appeal against the judgement of the court and believes that the claims will be properly resolved in DCP’s favour.”
However, BUA said it heartily welcomes the resolve by Dangote Cement Plc to await the outcome of the courts in their corporate disclosure published on the Nigerian Stock Exchange website dated December 19, 2017 and titled, ‘Dangote Cement – Response to BUA allegations’.
It stated, “This is in line with what BUA has always insisted and we appreciate the decision to wait for a judicial outcome rather than resorting to self-help and/or using influence and certain agencies of government in disrupting operations at some of BUA’s mining areas covered by ML18912 and ML18913 in Obu, Okpella, Edo State.
“With respect to the statement by the Ministry of Mines published in Punch Newspapers of December 8, 2017 and alluded to by Dangote Cement Plc in its statement, BUA wishes to state that we have responded to the ministry through our lawyers and via other media. BUA remains resolute and unequivocal about its stand that status quo be preserved as instructed by the Federal High Court sitting in Benin in Suit No. FHC/B/CS/7/2016 BUA International Limited & BUA Cement vs. Hon. Minister of Mines & Steel Development and Dangote Cement Plc.
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