File: Obasanjo and the late Musa Yar'Adua |
Former President Olusegun Obasanjo
has revealed that his immediate successor, Late Umaru Musa Yar’Adua reversed
the sale of two of the country’s refineries which had been finalized before he
left office due to “pressure.”
According to Obasanjo, Africa’s
richest man, Aliko Dangote, leading a consortium of investors had pad $750
million for the two refineries as the Federal Government was unable to manage
them at the time, adding that Yar’Adua failed to consolidate on the sale of the
refineries so the investors could revamp them, but fell to pressure and
cancelled the sale.
He said: “The refineries are old and
Dangote and some investors paid $750m for two of the refineries. My successor
came to office and reversed the sale. He even refunded the money they paid.
“So, I went to him and said ‘why did
you do this?’ He said it was because of pressure. So, I said ‘so the pressure
of some people was more important than the interest of the whole nation?’
“Right now, you will hardly be able
to sell the refineries for more than $250m because they are very old,” said
Obasanjo.
(c) Vanguard
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