Obasanjo reveals NNPC snubbed Dangote’s $750m bid to revive failing refineries

ICIR NIGERIA

FORMER President Olusegun Obasanjo has disclosed how billionaire businessman Aliko Dangote offered $750 million to manage the Port Harcourt and Kaduna refineries in 2007 but was ignored.

Obasanjo revealed this during an interview with Channels Television on Thursday, January 2.

He said the refineries managed by the then Nigerian National Petroleum Corporation (NNPC) is now operated by the Nigerian National Petroleum Company Limited (NNPCL).

According to Obasanjo, the old NNPC was aware of its limitations in managing the nation’s refineries but rejected Dangote’s offer…

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