• Thursday, May 30, 2024
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BusinessDay

Gov Suswam says state govt’s shares at Dangote cement intact

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Gov. Gabriel Suswam of Benue on Thursday said the state government had not sold its shares in Dangote cement.

Speaking to newsmen in Makurdi, Suswam said the shares were still intact and had not been sold to anyone.

Suswam, who refuted claims that the shares were valued at N20 billion at the stock market, said the state government owned only N43 million shared with the company.

He said the shares were warehoused with the Benue Investment, Property Company (BIPC) and  blamed his detractors for peddling such falsehood on the shares.

He blamed BIPC for not trading with the shares to add value to it.

He said the company was yet to fully achieve the purpose for its establishment and called on the management to use the existing business potentials in the state to expand its scope.

NAN