*Argues That There Was Lack Of Consideration In Contract With Dangote Ltd For The Cement Company
*Seeks An Order Restraining Dangote From Taking Benefits From ‘Incompetent Agreement’
The Kogi State Government has dragged Dangote Industries Limited to a Kogi State High Court, sitting in Lokoja over the controversial ownership of Obajana Cement Company, now Dangote Cement Plc, Independent reports.
In the originating summons, the state government wants the court to determine whether, upon careful examination and consideration of the agreements made between the Kogi State Government and Dangote Industries Limited on July 30, 2002, and February 14, 2003, respectively, it is not apparent that consideration (an essential ingredient of a valid contract) is lacking?
The government is also asking the court to determine whether in view of the clear lack of consideration (an essential ingredient of a valid contract), the agreements made between the Kogi State Government and Dangote Industries Limited on July 30, 2002, and February 14, 2003, respectively, are not null and void?
In the event that the above questions are answered in the affirmative, the state government prayed the court to declare that the agreements made between the Kogi State Government and Dangote Industries Limited on July 30, 2002, and February 14, 2003, respectively, “lack consideration, which is an essential ingredient of a valid contract”.
The government is also asking the court to declare that the clear lack of consideration in the agreement made between the Kogi State Government and Dangote Industries Limited on July 30, 2002, and February 14, 2003, respectively, render both agreements null and void.
The state government is also seeking the following reliefs: “A declaration that Dangote Industries Limited cannot take any benefit, interest or rights from the incompetent agreements entered into on July 30, 2002 and February 14, 2003, respectively, having failed to furnish any consideration to the Kogi State Government.
“An order nullifying the agreements entered into on July 30, 2002 and February 14, 2003 respectively, for lack of consideration.
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