Skip to main content

Exclusive: Recession hits Dangote hard, unable to pay workers’ salaries

Aliko Dangote, President Dangote Group

Aliko Dangote, President Dangote Group

The current economic situation in the country certainly affects everybody and everything, even Africa’s richest man, Aliko Dangote, is groaning.

Investigations at one of Dangote’s companies, Dansa Foods Nig. Ltd off Lagos-Badagry expressway revealed that workers have not been paid their salaries for the past six months.

The company which produces Dansa juice and other goods, it was learnt, has laid off more than half of the workforce following dwindling sales and high cost of production caused by high exchange rate of the Naira.

The company, it was learnt, has suspended the production of Dansa juice and other products. ”We are only producing Mowa bottle water now,” a source at the company revealed.

But the workers are not taking it kindly with the management of the company and have insisted that their six months unpaid salaries be paid to them.

To this end, the workers have embarked on strike to press home their demand.

One of the workers who did not want his name mentioned said he and his colleagues decided to go on strike to force the management to pay their salaries.

”We are being owed six months. The company has refused to pay us so we are embarking on strike,” the worker added.

Efforts to speak with the management of the company proved unsuccessful as one of the managers refused to pick his phone calls.

Bloomberg in its latest Billionaire Index reports revealed that Africa’s richest man, Aliko Dangote, lost $ 5.4 billion in his fortune this year.

The loss was occasioned by the massive fall of the Naira as the Central Bank of Nigeria rations the dollar to stem huge capital outflow in the wake of Nigeria’s worst economic crisis.

Comments

Popular posts from this blog

Houthis Claim Attack on Central Israel in Response to Gaza ‘Massacres’

The ongoing conflict between Israel and Hamas has taken a concerning regional turn as the Houthi rebels in Yemen claimed responsibility for an attack on central Israel. The group announced this as part of their escalating response to what they describe as "massacres" in Gaza amid the Israeli military’s operations in the strip. Details of the Attack The Houthis, a Shiite militant group with ties to Iran, declared that they launched missile and drone strikes targeting Israel. While the exact impact of these attacks remains unclear, reports suggest that Israel’s defense systems intercepted several threats over its airspace. This marks a significant escalation as the Houthis widen their involvement in the conflict beyond their typical operations within Yemen and neighboring Saudi Arabia. The Houthis’ Justification In their statement, the Houthis framed the attack as retaliation for Israel’s military actions in Gaza, which they characterized as indiscriminate bombings resultin...

Fire: UniJos Senate convenes emergency meeting on Monday

Fire at the University of Jos Library University of Jos is to convene an emergency senate meeting on Monday to review the level of damage done to the institution by the Saturday night inferno. The Vice Chancellor, Prof. Sebastian Maimako, disclosed this on Sunday after inspecting areas affected by the incident. The fire, which lasted for more than six hours, destroyed the Library Complex that equally houses the faculties of management and social sciences. The fire also destroyed examination scripts, books and very crucial materials. Consequently, the vice-chancellor said “the Senate will meet tomorrow (Monday) to take a decision about the unmarked examination scripts that were burnt.” On the cause of the inferno, Maimako said investigation had commenced, adding that “nothing has been confirmed yet. We are still investigating.” The vice chancellor said the school was already working with federal authorities toward establishing a main fire station since the mini fire station in t...

NDLEA arrests 252 suspects, seizes 3,073 kg Indian hemp

NDLEA operatives The NDLEA in Niger on Monday said that it had arrested 252 suspects and seized 3,073.9 kilogramme of Indian hemp(cannabis sativa) in the state. The NDLEA Commander in the state, Mr Joseph Iweajunwa, who disclosed this in Minna, said that the operations were carried out between January and September. “Our operations in Niger State from January to September 2016 led to the arrest of 252 suspects and seizure of 3,073.997 kilogramme of cannabis sativa,’’ he said. Iweajunwa said that within the period, the agency also seized 1, 530 litres of liquid drugs, especially cough syrup with codeine. He said the NDLEA also counselled and rehabilitated 90 drug addicts in the state within the period under review. The agency, he added, secured convictions of only nine of the suspects because the judge at the Federal High Court, Minna, went on leave. “ Now that the judge has resumed more suspects will be tried,’’ he said. He advised motorists, especially commercial vehicle dri...