Former President Olusegun Obasanjo has revealed how the Nigerian National Petroleum Corporation, NNPC, declined a $750 million offer by billionaire business tycoon Aliko Dangote to manage the Port Harcourt and Kaduna refineries in 2007.
Obasanjo made this revelation during an exclusive interview
with Channels Television.
According to the former president, the NNPC was aware that
it lacked the capacity to run the national refineries but still rejected
Dangote’s offer.
“Aliko got a team together, and they paid $750 million to
take part in a PPP (Public–Private Partnership) to run the refineries.
“My successor refunded their money, and I went to him and
explained what had transpired.
“They wanted the refineries, and they could run them. I
said, ‘But you know they cannot run it,’” Obasanjo said.
Obasanjo served as Nigeria’s democratically elected
president from May 1999 to May 2007.
He was also Nigeria’s military Head of State from February
1976 to October 1979.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com