Dangote, Otedola Buy Port Harcourt Refinery For N71.8bn

Hey men, one man in nigeria bought up this! what do ya think mennn?

http://www.businessdayonline.com/?c=45&a=13345

my friend, Big men never work alone.

He's just the front for the other big dudes behind. possibly barons. He's just the most credible so he has to do the fronting. You thtink he made all his money just from the business you see around?

think again

of course!

In fact, he has already been issued his GSM license by NCC so he's rolling out his mobile services,

the guy is not stopping at anything! Soon he'll declare his political ambition, these things are natural. he just need to add on a few more years.

let's thank God it's a nigerian that bought it not som chinese dude or lebanese mafia guy, and let's pray dey repair d place and make it work to full capacity again. and that nobody goes and vandalize or bomb anything ooo

we need more people to follow this guy's footsteps. we should be able to create our food and necessities in our land and not rely on importing goods form other countries/ foreign people controlling our economy.

I agree! Dangote is creating employment everywhere in Nigeria. At least, if most of our leaders were a bit like this, things would have been better.

However, my problem with him is in the monopoly area [although someone just mentioned that]. If we allow him to buy up everything, I am envisaging that one day, we might be strangers in our own land. So, I am encouraging other Nigerians to rise up to this challenge and not allow one man to claim everything.

Furthermore [abeg make una no vex], there is story i heard about Dangote since two years back. Does anyone know a thing about it?

I heard that a major competitor [to Dangote] in the Cement Industry had his license withdrawn by the Federal Government in order to give Dangote an unopposed dominance in the cement industry. I am talking about IBETO cement.

The Government claimed that IBETO was using his office to import ammunitions. So they withdrew his license. But I heard from an unbiased source close to the man [IBETO cement] that all that was a lie. It was calculated in order to give Dangote an unopposed dominance in that area.

Please oo, I do not know which one to believe again. But the much I know, IBETO was not into importation of arms, and I think that the Government is just too wicked to withdraw his license. I stand to be corrected on this matter anyway. Two other factors I considered were that:

This IBETO cement was stronger than Dangote cement [at least, my brother who is a building contractor, has confirmed this]
IBETO cement was giving employment opportunities to many people. A lot of my friends had jobs through this man's company.

My conclusion:
I am happy for Dangote and his success, but if blackmailing and intimidating other people is his way of doing business, then Nigerians should rise up and protest against it. But make una no crucify me if you think otherwise,

My candid suggestion
JOJO

I hope its not a bad buy.

u guys need to open ur eyes and realise what is happening in our dear country. All our resources have been sold out to a small clique comprising of obasanjo and his friends. For example read an extract from the backpage of Today's Daily Sun:

"In the waning hours of his administration, Olusegun Obasanjo is presiding over a blatant and obscene transfer of national wealth to private pockets, including his own. It began with the latest round of oil block auctions, a euphemism for handing the nation’s oil resources to a few favoured friends. In its wake, the expiring president has approved the sale of the Port Harcourt Refinery to a consortium in which he and some well-known minions, including Aliko Dangote and Femi Otedola, have substantial interests.

Transcorp, a corporate behemoth inspired by the president, and in which he owns at least 200 million shares, is one of the beneficiaries of this sale.
In other words, a president who adopted a policy of leaving the nation’s refineries in a gutted state, has chosen to reward himself with this potential cash cow. It’s a safe bet that once in his private hands, the hitherto comatose Port Harcourt Refinery will be miraculously rescued from its disrepair, and pressed into a profit-gushing enterprise! If the refinery must be placed in private hands, must its buyers include the president himself? "

U can get the full story on: http://www.sunnewsonline.com/backpage.html

It's really sad. Not saying dagote is bad man anyway, but its important that u step back and take a look at the big picture! This man (OBJ) has robbed us all, BLIND!!!! And he has put his stooge there to protect his assets. But the one thing i know is that Yar'adua is nobody's stooge. He will clear all Obj's doubts, just as Obj cleared IBB's doubts!!!

MAY GOD BLESS DANGOTE.

if we had up to 20 men like dangote who believe in Ngeria, our economy will be a lot better.

Nigerians should invest in Nigeria.

our leaders steal and deposit the funds in foreign banks. these banks give loans to their citizens to do business and their economy improves. then our government goes back and borrows our own money at a silly interest rates.

if the money is invested here, we will all benefit even if it was stolen.

Dangote should buy all he can. ATLEAST WE KNOW THE FACILITIES WONT BE MISMANAGED.

What is the difference between the Govt and Dangote?

Na wa oo!
Nigeria! Slowly becoming a one-man affair. 

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Nigerians are indeed the ''Happiest People on Earth''. And I think the likes of Oshkosh are at the fore front of those who love living ''happily'' and being in the midst of ''happy people''.

Because Dangote ''acquired'' the FG stake in the PHC refinery, we (as the unhappy lot in this cursed country) should swallow the news hook, line and sinker. We should not criticise the acquisition objectively and in the light of what we know and see around us. Well, you guys can count me out of the happy folks in this country, because, the way I see it, we're being robbed daily by people whom we think have the interest of us all at heart, in broad daylight.