Baladna’s Marketing and Communications Director, Aladdin Idilbi, has clarified that the Qatari firm and the Ogun State government hadn’t signed any agreement on building a multi-million dollar factory.
Idilbi, in a WhatsApp message, said, “To clarify, the visit to Ogun State Governor, Dapo Abiodun, was purely exploratory, aimed at assessing potential sites for arable and dairy farming.
” No agreement has been signed. The state and federal governments are encouraging FDI to boost food security, which aligns with our mission, but this was an initial fact-finding visit only.
So nothing should be published without our approval, especially since no agreement was signed, and that affects us as a listed company.
“If there was any kind of agreement, you would see the news on our official website the minute they take the photo.”
The Qatari company also explained that because it is a public company listed on the Qatar Stock Exchange, it must follow strict rules before announcing any investment.Only official announcements regarding its operations or investments must be disclosed through official regulatory channels before being communicated to the public, Baladna added.“
In light of the above, no press release or public statement regarding any potential investment by Baladna may be issued by any party without following the proper legal procedures and formal disclosure by us to the competent regulatory authorities in Qatar. Furthermore, the use of Baladna’s name thereof without prior written consent is strictly unauthorised,” it noted.