Yar’Adua reversed sale of two refineries, refunded Dangote’s $750m – Obasanjo

Former President, Olusegun Obasanjo has revealed that the late President, Umaru Yar’Adua, reversed the sale due to pressure.

Obasanjo disclosed that the sale of two of Nigeria’s oil refineries had been finalised before he left office in 2007.

He stated this in his interview with ‘Book Club’, a programme on Channels Television, on Wednesday, July 29.

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.”

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One comment

  1. We may view it like that,but which leader in Nigerian can handle or lead Nigeria to promise land no one’s to be pointed at while because we looks things by physical appearances until we all come to the source of life, The almighty God.
    For the issues of leaders, i think we need someone like former President, chief Olusegun Obasanjo who knows Nigeria and can handle her well.
    God bless us, God bless Nigeria IJN AMEN.

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