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Former President Olusegun Obasanjo has castigated his successor in office, late President Umar Musa Yar’Adua for reversing the sale of the Kaduna and Port Harcourt refineries to a Dangote-led consortium by his administration.
The late president made the cancellation of the privatization of the moribund refineries one of the first things he did immediately he took over power from Obasanjo.
In the second part of an interview he granted Channels TV on Wednesday, Obasanjo, who is speaking publicly on the issue for the first time, accused Yar’Adua of bowing to pressure by some unnamed persons by canceling the said contract.
The ex-president, while justifying some of the claims he made in his controversial three-volume autobiography, My Watch, spoke about his efforts to get people to invest in the oil sector and how the country eventually secured buyers for two of its four refineries.
He said, “Eventually Aliko Dangote led a group that paid $750m for the privatisation of two of the refineries – 51 per cent privatisation – and my successor (Yar’Adua) came (in), he turned it down. In fact, he paid back the money because they (investors) had paid the money.
“And I went to him; I said ‘look, do you know…? And he said well, he did it because of pressure. I said ‘pressure?’, so to you what matters is pressure, not what is in the best interest of Nigerians. I said, but you know it will not work. Then I said in 10 years, if you continue, you would have spent two times the amount that these people had paid and it still would not work. And that is what happened.
“Today those two refineries, you can never make them work. And if we are going to sell them, we would be lucky to get $250m out of them because they have become a huge scrap. Now, why shouldn’t I explain that (in my book)?”

Source:
http://www.gistlinkz.com/2015/07/what-yaradua-told-me-when-i-confronted_31.html?m=1

Good

Selling Will not add anything to the economy because the buyer will mopolize it.
I wonder when politicians will stop thinking of now and their pocket alone but that of future

Got nothing to say about OBJ again only to sing Fela song basket mouth don come de leak again ooh
Obasanjo don turn vocalist he too de talk anyhow these days, yesterday na Jonathan today na Yar'dua tomorrow who e go be
chorus: we no know ooh

Some properties r not ment to b sold

And why didn't OBJ sell the refineries before his last year in office? He could have watched and established the buyers if not that he was also busy milking the oil wells too!

You people no dey sleep.







Anyways I'll read in the morning. Hopefully I wake up Insha Allah

basketmouth don start to yan again o*singing*

I dnt knw why Pple hate dis baba, nt until u stopped reading his words without sentiment, u will neva understand Dem.

Why don't he do so when he is still the president. Abeg ,obasanjo go and die,you are not useful to the poor.

Hmmmm Uncle Shege, kindly allow Jonathan rest for now abeg, before baba BuBu will come knocking at his door.

#EFCC

All Obj's claim cannot be completely truthful cos Yar'Adua is no more to say his own part of d story..

how do we know if this OBJ is speaking the truth? I feel say OBJ dey nairaland with the rate at which makes too much noise daily.

Adeyinka12:
Why don't he do so when he is still the president. Abeg ,obasanjo go and die,you are not useful to the poor.

you have the guts to wish death on your fellow human being, can you create even an ordinary ant ? As much as people hate Obj, he's speaking the truth economically. Compare what has been paid out as subsidy claims

Well most times Hausa people are fund of making stupid decisions. They killed the railway so that trailers will be roaming our major roads.

Lots of OBJ's haters are families & friends of those he dealt with for corrupt practices and who had nothing to nail Baba back with.

Posterity shall vindicate OBJ if this generation won't.