Fresh facts have emerged in the controversies surrounding the cancellation of the sale of the Port Harcourt Refinery to a consortium led by Aliko Dangote.
Former President Olusegun Obasanjo stoked controversies on Thursday, January 2, 2024 when he disclosed that state oil company, Nigerian National Petroleum Company (NNPC) Ltd misled his successor, Late Umaru Musa Yar’Adua into rejecting a $750 million offer from Aliko Dangote, chairman of Dangote Group, to manage the Port Harcourt and Kaduna refineries in 2007.
“Aliko’s team paid $750 million for the PPP. My successor refunded the money, saying NNPC wanted to run the refineries. I later explained the situation to him, but he insisted,” Obasanjo explained.
