HomeBusinessBUA Claps Back at Dangote Allegations

BUA Claps Back at Dangote Allegations

Published on

In a direct rebuttal to allegations made by Aliko Dangote, BUA Group has issued a statement underscoring its unwavering resolve and recounting a history marked by perseverance over deceit. The group dismisses Dangote’s narrative as a series of unfounded attempts to undermine BUA’s integrity and business operations.

Tracing back to 1991, BUA recalls how it emerged as a beacon of hope during Nigeria’s sugar scarcity. The group recounts an incident involving Dangote, where a payment for sugar stock resulted in a deceitful legal battle, freezing BUA’s assets. However, the company withstood this trial and rebounded with resilience.

The statement details BUA’s venture into the sugar refining industry, which met with obstacles, including land revocation by former President Obasanjo at Dangote’s behest. However, the group credits its resurgence to the altruistic act of its chairman’s late father, who provided the land for BUA’s now thriving Lagos Sugar Refinery.

Further, BUA chronicles its foray into the cement industry, where its innovative floating terminal initiative encountered resistance, allegedly linked to Dangote’s influence. Even faced with administrative strong-arming and attempts at disrupting its operations, BUA credits the late President Yar’Adua’s intervention for its continued participation in Nigeria’s economic expansion.

According to a statement released by BUA  the group also touches upon its trials while establishing the Edo Cement Plant, noting the pivotal role of former President Buhari in safeguarding the plant’s operation and its employees. The statement calls out the underhand tactics reportedly employed by Dangote affiliates, asserting BUA’s survival against such adversities.

In conclusion, BUA extends an olive branch, urging Dangote to adopt a constructive approach rather than engaging in hostility. It emphasizes a mutual existence in the marketplace without malice. The statement reaffirms BUA’s commitment to innovation, integrity, and inclusivity, vowing to persist in its contributions to Nigeria’s prosperity despite challenges.

The narrative of BUA’s statement speaks to a corporate saga of endurance in the face of adversity, underscoring its role as a steadfast contributor to Nigeria’s economy.

Latest articles

NCAA Summons 13 Airlines Over Growing Flight Delays, Cancellations

NCAA calls emergency meeting with 13 airlines over rising flight delays and cancellations, warning of tougher sanctions and stricter passenger protections

Dangote Refinery Says Tanker Strike Won’t Disrupt Fuel Supply

Dangote Refinery says tanker drivers’ strike will not affect fuel supply, reassuring Nigerians of stable operations and uninterrupted distribution systems.

United Nigeria Airlines Strikes Boeing Deal With Southwest

United Nigeria Airlines Boeing fleet deal with Southwest boosts expansion, adding six aircraft and technical support for regional and global operations.

Jonathan’s Camp Courts Peter Obi for 2027 Election

Jonathan courts Peter Obi as PDP pushes a Southern coalition to take on Tinubu in 2027, despite doubts over Jonathan’s eligibility.

More like this

NCAA Summons 13 Airlines Over Growing Flight Delays, Cancellations

NCAA calls emergency meeting with 13 airlines over rising flight delays and cancellations, warning of tougher sanctions and stricter passenger protections

Dangote Refinery Says Tanker Strike Won’t Disrupt Fuel Supply

Dangote Refinery says tanker drivers’ strike will not affect fuel supply, reassuring Nigerians of stable operations and uninterrupted distribution systems.

United Nigeria Airlines Strikes Boeing Deal With Southwest

United Nigeria Airlines Boeing fleet deal with Southwest boosts expansion, adding six aircraft and technical support for regional and global operations.