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.
