Home BUSINESS AshakaCem Loses N4.5 Billion To Boko Haram Insurgency, Chairman Reveals

AshakaCem Loses N4.5 Billion To Boko Haram Insurgency, Chairman Reveals

Suleiman-YahyahChairman of Ashaka Cement Plc, Malam Suleiman Yahaya has revealed that the company has lost over N4.5 billion as a result of the Boko Haram attack on the company’s cement plant at  Funakaye local government area of Gombe state.
The chairman who spoke today at the palace of the Emir of Gombe after presenting 100 bags of polished rice to the internally displaced persons (IDPs) resident in the state, lamented the loss which company, a subsidiary of LafargeHolcim, is frightening.
“In spite of the fact that we have lost over N4.5 billion from those two attacks, we are determined to ensure that Ashaka Cement is one of the only surviving institution in the entire North-eastern Nigeria.”
The Chairman said that specialized manpower were lost just as the security situation led to poor market and invariably dwindled income for the company.
The company is believed to have lost over 10 trips of Ammonium Sulphate and more than 18 Toyota Hilux vans, 10 brand new ambulances were either taken away or vandalized by the insurgents. [myad]

Leave a Reply