₦airaland Forum

https://www.youtube.com/watch?v=kttlZqu0AsQ

Former President Olusegun Obasanjo has recounted how the Nigerian National Petroleum Corporation (NNPC) rejected a $750m offer by billionaire business tycoon Aliko Dangote to manage the Port Harcourt & Kaduna refineries back in 2007.

Obasanjo stated this during an exclusive interview with Channels Television.

He said the NNPC, now rebranded as the Nigerian National Petroleum Company Limited (NNPCL), knew that it lacked the capacity to run the national refineries yet rejected Dangote’s offer.

Obasanjo said, “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 Nigeria’s democratically elected President between May 1999 and May 2007. He was Nigeria’s military head of state between February 1976 and October 1979.

https://www.channelstv.com/2025/01/02/video-how-nnpc-rejected-dangotes-750m-offer-to-manage-nigerias-refineries-obasanjo/

Suspecting Obasanjo has a huge shares in the Dangote group, but thank God for the audacity of Tinubu who proved that our refinery can be fixed

NNPC are bunch of criminals... Den of criminals.

Immediately dangote successfully started refining fuel they came out that they likewise has fixed the refinery and will also be exporting but for decades they left us importing fuel from outside


Now they said no fuel to guarantee dangote crude as they likewise need to refine.

It's not far fetched.... They are beneficiaries of all this year's subsidies payments and they don't want to let go and they have their foot soldiers in all platforms trying to dent dangote image including here on nairaland

ok

They can't run it but it is working now

So what should we do to this news.

Eleme people did not agree so Yaradua had to cancel the deal. In this area self, President Obasanjo failed woefully.

DrMB:

https://www.youtube.com/watch?v=kttlZqu0AsQ



https://www.channelstv.com/2025/01/02/video-how-nnpc-rejected-dangotes-750m-offer-to-manage-nigerias-refineries-obasanjo/

This truth we expose the wickedness in us.

What can be said about NNPC now? Useless set of people running that cooperation

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So why didn't he do it in his 8 years in Aso Rock?

He was busy bribing lawmakers to get 3rd term.

Obasanjo laid the foundation for the rot in Nigerian democracy. He was an emperor and never a President.

/

They rejected it so that they will continue siphoning what is combining out from that place.

I pray they actually succeed.

There's no need going back again. Tinubu has taken a bold step. It's now in the best interest of oil cabal for government refineries to work as subsidy is gone.

Nigeria! Full of bright individual that lack the capacity to explore while the leaders are committed to the course of the white man to exploit and the neo-colonialism continues.

still it was the best decision sir..... Dangote has the biggest refinery now but no changes so what change would it have made then

Same refinery you sold to ya private hands,but God use President YaraDua to recover them? Nigerians don't really know their tormentors,continue dey shout baba o and be deceiving ya sefs!

Kayceesgold:
They can't run it but it is working now

after 18 years of chopping billions in TAM. Dangote would have been a better manager . Just when Dangote started his own miraculously the ones from NNPC began to work. Han han na 😂

The people that destroyed Nigeria.

Thank God for Tinubu

Who are the nnpc if not the president in charge at the point in time.

You past leaders should stop playing to the galleries and tell the truth the way it is.

Obasanjo the grand patron of corruption.

These were the men that institutionalized corruption in Nigeria...

Evil NNPC management

Evil NNPC management
Awon set werey

The same NNPC is working now.


All you need is right people to run it.

God bless Nigeria

After all the money way Buhari park give you en Dangote he never do you?


You still win chok eyes for NNPC

All the rich people for this country no just try 😔

OBJ should just go sit and enjoy the remainder of his loot ! I'm not a fan of BAT but I don't like how notorious criminals think they have an opinion, especially on matters of financial integrity. Gosh! It reeks of hypocrisy!! If BAT get him time now, open him corruption files, his loyalists would scream "witch hunting!"..

Baba go rest! You and your useless vice laid the foundation of bribery and corruption, as civilian presidents !!!

Kayceesgold:
They can't run it but it is working now

what is working? Dey play

Funny man, you mean they rejected your offer through Dangote only kids off yesterday didn’t know how otedola and dangote be comes billionaire over night 🤭🤭🤭🤭
If we look closely the dangote refinery this guyman will get over 40% in it through back door

We have heard

NNPC saw the future for rejecting that offer. Fuel for don be 5k by now

One of the worse president to ever rule Nigeria, at least in this democracy was Obj's successor. But because he is late, we tend to avoid speaking against the dead. Some shallow minded people praise him because he removed a fraction of petrol cost, which inadvertently added to where we are today.

Chief, you were the president and commander in chief...

WTF is NNPC?
A government corporation that you could singlehandedly dismantle from top to bottom?

Ignorance is bliss!