Kogi Assembly Threatens To Sanction KIPL MD, Warns CINAFINDEV Against Sale


By Ayobami Omole, Lokoja

 

Kogi State House of Assembly has threatened to recommend the sanction of the Managing Director of Kogi Investment and Property Limited (KIPL) , Hajia Aisha Suleiman, should she fail to appear before the Adhoc Committee investigating  operation of mining companies in the state.

Member representing Igalamela/Odolu state constituency, Hon (Bar) Cosmas Atabor made this known during the sitting of the committee at the Reverton Hotel, Lokoja.

The Managing Director has been invited to appear before the Committee to respond to questions begging for answers or risk being recommended for sanction.

Atabor who is a member of the committee berated the executive officer of KIPL for always putting up excuses rather than appear before the Committee like other stakeholders have been doing.

The lawmaker noted that part of the agreements between Obajana/Dangote Cement Company was that a Director of Kogi extraction should represent the state on the board of the company and KIPL was nominated to shoulder same responsibility since 2010 bringing in Kogi shares to the state but KIPL failed in doing this.

Atabor further noted that when Kogi Super Cement, a product of CINAFINDEV, a company in which Kogi State has 15 percent, debuted in the market in 2018, KIPL did nothing to ask for what should accrue to the state

He alleged that CINAFINDEV is initiated by businessmen who had run aground a textile company in Kaduna and subsequently came to Kogi to make business and would stop at nothing to maximize profit to the detriment of the state while KIPL looked on.

The legal luminary added that findings at JAKURA Marble industry which is under the watch of KIPL are unbelievable and some questions are begging for answers.

Contributing, a journalist and publisher of Law and Policy Maker, Friday Ogungbemi attributed the rip off of Kogi State to inability of supervising agencies to post field officers to such companies, adding that the Ministry of Commerce and Industry as well as KIPL should be hit hard for this.

In a similar development, the adhoc Committee has ordered the management of CINAFINDEV, producer of Kogi Super Cement not to sell the company.

Chairman of the House Adhoc Committee, Hon Umar Isah Tenimu who represents Lokoja 1 constituency gave this order during the public investigative hearing.

Tenimu said "The management of CINAFINDEV should not make any attempt to sell the company without the knowledge of Kogi State in order to avoid any unexpected consequences".

Tenimu went further to direct the representative of the company, Mr. Samuel Elere to make available to the committee all the relevant documents including the laboratory tests carried out on the raw material in Emiworo meant for production in the company.

The Chairman noted that there was always a need for Kogi State agencies or ministries in charge to always make proper and rewarding arrangements with prospective investors before giving them the go ahead, adding that Chinese investors are smart and out to exploit unsuspecting Nigerians and then run away .

He directed CINAFINDEV, MANGER and KIPL to appear before the committee on October Wednesday 19, 2022.

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