 |
Yar Adua Stopped Dangote buying refineries!
Former president speaking on a Channels program narrated how his successor, the late President Umaru Yar’Adua was forced to reverse the sale of Nigeria’s oil refineries to Aliko Dangote,which he had completed before leaving office in 2007.
Obasanjo 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”.
Obasanjo clarified that most people, particularly leaders, failed to analyse the decisions of those before them before upturning those decisions, pointing out that most leaders yielded to sentiment than informed opinions.