The Taraba State government and Dangote Group  have signed an agreement for the take off of the multi-million dollar Lau Sugar Company located in Lau Local Government Area of the state.

At the signing ceremony yesterday in Jalingo, the state Attorney General and Commissioner for Justice, Barrister  Yusufu Akirikwen, said a memorandum of understanding (MoU) was signed 13 years ago, but when the present administration came to office    it discovered some grey areas in the agreement leading to a review of the project.

The commissioner of justice said, “After a careful study of the MoU, we discovered that there was no provision for the local people whose land have been collected for the project and the state government was not having any stake in the deal.”

The commissioner further said, “We have renegotiated the agreement and today we have 6 percent equity share in the company and the interest of the local people taken care of in the new deal.”

Speaking shortly after signing the review agreement, Honourary Adviser to Alhaji Aliko Dangote, Engr. Joseph Makoju, described the signing of the agreement as historic and also  signified  the official take off of the project after 13 years of waiting.

POSTED BY:OPUOMONI PRIYE

DATE:05/04/2017