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Obajana Cement: Dangote urges court to stay hearing in Kogi’s suit

Dangote Industries Limited has asked the Kogi High Court to stay further proceedings in the suit filed against it by the State Government over the Obajana Cement dispute.

Kogi State, in its suit marked: HCL/94/2022, is among others, challenging the validity of the 2002 and 2003 agreement between the state and Dangote on the ownership transfer of Obajana Cement to Dangote Industries Ltd.

The request for a stay of further proceedings is contained in a fresh motion filed by Dangote through its lawyers, including Paul Usoro (SAN) and Reuben Atabo (SAN).

Dangote is particularly praying for the court to issue “an order staying further proceedings in this suit pending reference to arbitration and the conclusion of the arbitral proceedings and settlement of the dispute declared hereby by the claimant pursuant to and in accordance with the arbitration agreement contained in the agreement between the parties that was executed on the 30th day of July 2002.”

It argued that the arbitration option for the resolution of any dispute arising from the agreements was fully consented to by parties to the said agreements.

Dangote stated, in a supporting affidavit, that Kogi State was yet to serve it a notice of arbitration in respect of dispute as required under clause 22 of the agreement of 30th July 2002 and in the terms of the Arbitration and Conciliation Act, Cap Al8, Laws of the Federation of Nigeria, 2004.

 

Source:Rootstv
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