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FG accuse Dangote of making frantic efforts to frustrate his competitors !

Published

10 years ago

March 31, 2014

Federal Government has accused Africa’s richest man, Aliko
Dangote of making frantic efforts to frustrate his competitors in the
cement manufacturing industry in Nigeria out of business.
The government, in a counter-affidavit to a suit filed by Dangote
before the Federal High Court in Lagos, accused the business mogul
of indulging in anti-competition act designed to control the entire
cement industry and leave Nigerians at the mercy of his price
whims and caprices.
Dangote, through his company, Dangote Cement Limited, had sued
the Federal Government over a waiver granted to one of his major
competitors in the cement manufacturing industry, Ibeto Cement
Company.