The majority owner of Geregu Power Plc Femi Otedola said the ambition of a consortium set up by him and Africa’s richest man Aliko Dangote to acquire interests in the Kaduna and Port Harcourt refineries was scuttled by the government of former President Umaru Yar’Adua in an “utterly obnoxious” manner.
The two billionaire tycoons procured stakes in the two refiners at the tail end of former President Olusegun Obasanjo’s administration, via Blue Star Consortium, only to have the decision reversed in 2007 by Mr Yar’Adua, ex-president Olusegun Obasanjo’s successor.
The former Katsina State governor would pass on in May 2010 after battling protracted illness.
