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.”