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Dangote Sugar Refinery PLC (DSR) has reacted to what it described as an online publication claiming that the company is engaging in price-fixing and is not honestly engaged in any Backward Integration Programme,as claimed.
In a statement on Thursday, Dangote Sugar vehemently refuted the allegations and assertions in their entirety.The statement further said the false allegations are geared at tarnishing the good name and brand of Dangote Sugar Refinery Plc and Dangote Industries Limited.
“DSR does not engage in artificial price manipulation of its products, either during the Holy month of Ramadan or at any other time. We have never ever increased price of our food items or commodities during the Holy month of Ramadan in the history of our operations” according to the Group Managing Director, Mr. Ravindra Singhvi.