when the MOU was signed, stood at N1,049,361,530.75 (One Billion Forty Nine Million Three Hundred and Sixty One Thousand Five Hundred and Thirty Naira Seventy Five Kobo), and it is the 40% of that monetary value of the Company’s assets that the Sokoto State Government purchased at the cost of N419,744,612.30 (Four Hundred and Nineteen Million Seven Hundred and Forty Four Thousand Six Hundred and Twelve Naira Thirty Kobo) to become a share holder of the Company. At page 2 of the memorandum of understanding, it is provided as follows:“The investor hereby agrees to purchase shares in the Company current value of N419,744,612.30 (Four Hundred and Nineteen Million Seven Hundred and Forty Four Thousand Six Hundred and Twelve Naira Thirty Kobo) only. These share represent 40% of the outstanding value the Company currently valued at N1,049,361,530.75 (One Billion and Forty Nine Million Three Hundred and Sixty One Thousand Five Hundred and Thirty Naira Seventy Five Kobo) only.” With the foregoing mutual understanding between the Applicant’s Company and Sokoto State Government, it means the N419,744,612.30 paid by the Sokoto State Government (represent the 40% monetary value of the Company’s assets as at 4/5/2017 when the MOU was signed by the parties. At page 4 of the MOU, the parties also agreed that after the Sokoto State Government paid for the 40% equity shares to the original shareholders of the Applicant’s Company, it will be the joint responsibility of the Applicant’s Company and the Sokoto State Government to jointly provide funds to commence operation’s including the working capital in the ratio of the shareholding percentage which is 60% and 40% respectively. Page 24 of 31