Tuesday 1 April 2014

FG Accuses Dangote Cement of Anti-Competitive Behaviour

Dangote 
The 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 cementindustry 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 waivergranted to one of his major competitors in the cement manufacturing industry, Ibeto Cement Company.

No comments:

Post a Comment