Former President Olusegun Obasanjo has alleged the Nigerian National Petroleum Corporation (NNPC) turned down a $750 million offer from billionaire businessman Aliko Dangote to manage the Port Harcourt and Kaduna refineries in 2007.
In an exclusive interview with Channels Television, Obasanjo revealed that despite the NNPC’s awareness of its inability to effectively manage the refineries, it rejected Dangote’s proposal.
According to him: “Aliko got a team together and they paid $750m to take part in PPP (Public–Private Partnership) in running the refineries.
“My successor refunded their money and I went to my successor and told him what transpired. He said NNPC said they wanted the refineries and they can run it. I now said but you know they cannot run it.”
Obasanjo was elected President from May 1999 to May 2007 and former Military Head of State from February 1976 to October 1979.
