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A story of the battle for Cement dominance in Africa’s largest economy, Nigeria. How one man surmounted rivals, both big and small, to become the undisputed King of African Cement and another battled with the guardians of the corridors of power.
On a cold afternoon in November 2005, Federal Government operatives, acting on orders from above, swooped down on a busy factory in the oil rich city of Port Harcourt. They were under instructions to seal off a warehouse whose operations had contravened a government policy – a policy that would later prove decisive in a brutal race for market share in an industry worth over N1 trillion.
At first, the closure appeared to be due to a mix-up between an agency of the Government and the owners of the warehouse. It was expected to be resolved in a matter of days by the billionaire Chairman of the company. Emissaries were dispatched to help resolve whatever misunderstanding may have led to the seemingly excessive act by the government.
As days turned into weeks and weeks into months, it dawned on the owners of the multi-billion-naira conglomerate, which was based in the South-Eastern part of Nigeria, that they were dealing with powers that stretched far beyond the red sands of the South East. Something had to be done to resolve this issue. At stake was not only the reputation of the company, but billions of naira in inventory that could erode all the wealth that had been built over the years.
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Flashback – School boy
It was January 22, 1966 in the bustling suburb of Nnewi in Anambra state, South-Eastern Nigeria. Nigeria had just witnessed a deadly coup one week earlier, and the mood in the country was still tense. But for a certain household, a major decision had to be made. Cyril, the eldest son of the home, was having a chat with his father that would decide the fate of one of his siblings.
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Well written expose. Thanks nairametrics.
Absolutely incredible. One of the most interesting articles I have ever read in the Nigerian media. A very big thank you to the writer for this valuable write-up. God bless you.
A three star documentary, well written, with date,time and location.
Well done
Whoever crafted this report is a genius. I am pleased to have the privilege to read this well researched and composed article.
Nice. Excellent. Well written. Welldone. Keep it up!
Wow.This was an awesome read. Well detailed and very informative. Keep up the great work. My own little token will be to spread this link as much as I can and blow the trumpet of this site. Kudos
Brilliantly written.
Beautifully written!
Who said journalism is dead in Nigeria? This is well researched and written article. We need this type of expose to keep people informed.
I have never read anything like this in the Nigerian Media, whoever put this piece together did a great job, the fact that we were taken back in history and the merging of stories, kept me reading to the end….big thumbs up
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