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Nairaland Forum / Nairaland / General / Politics / Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote (21351 Views)
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Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Islie: 4:49am On Jan 04 |
Human rights lawyer Femi Falana has revealed the reason former President Umaru Yar’Adua did not sell the Port Harcourt refinery to a consortium led by Dangote. https://dailypost.ng/2025/01/03/falana-reveals-reason-yaradua-cancelled-sale-of-port-harcourt-refinery-to-dangote/ 25 Likes
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Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by SmartPolician: 6:00am On Jan 04 |
If death hadn't snatched Yar'adua from this country, that man would've transformed this country. May his soul rest in perfect peace, amen. 🙏 168 Likes 10 Shares |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by olaiya2007(m): 6:11am On Jan 04 |
Yaradua would have transformed this country if not for death 61 Likes 4 Shares |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Sannisege: 7:01am On Jan 04 |
Obasanjo remains the most corrupt president in Nigeria’s history. All his dirty deals must be exposed and he must enter his grave in disgrace. 82 Likes 9 Shares |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Karlifate: 7:04am On Jan 04 |
1: Falana, however, alleged that former President Olusegun Obasanjo bypassed this legal requirement by sidelining then-Vice President Atiku Abubakar and directly managing the privatisation of several state-owned enterprises. 2: “On May 17, 2007, President Obasanjo sold a 51 per cent stake in the Port Harcourt refinery to Bluestar Oil for US$561 million. In another transaction that took place on May 28, 2007, President Obasanjo sold 51 per cent shares in Kaduna Refinery to Bluestar Oil for $160 million,” Falana revealed. 3: He further explained that they also alleged that the nation had been shortchanged as the shares acquired in the Port Harcourt refinery for $516 million were worth $5 billion. Yet, our ears are filled with the "cabal this, cabal that" rhetorics. Who are the cabals now If not for the late blessed Yar'Adua, NUPENG & PENGASSAN, Obasanjo would've turn milking the refinery as retirement plan. The corrupt dude was busy selling & sharing our National asset at cheap dirt price for his own future ROI. 43 Likes 1 Share |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by maivd: 7:20am On Jan 04 |
Islie:Truth about the whole refinery is gradually coming out. I would expect Obj to come and defend this allegation. 28 Likes 2 Shares |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Lovenorth: 7:41am On Jan 04 |
Who are we going to believe now? 2 Likes 2 Shares |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by bewisemasses: 7:42am On Jan 04 |
Nigeria is a cesspit of corruption. In fact a soakaway. If not explain how suddenly moribound refineries got back to life. Now thay Dangote built his those corrupt clowns saw need to remodel their corruption. Thru exorbitant prices from these refineries they're looting us dry. 14 Likes 1 Share |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by JASONjnr(m): 7:42am On Jan 04 |
Till tomorrow, the oil sector is the most corrupt and dubious and scandalous organisation that's making this country a fantastically corrupt country. The best would've been privatisation of the refineries and having Atikubas the head of the NCP after Obasanjo must have realised the snake in him would've been a disaster. The shares sold to Blusters was in the federal coffer so Falanas should not come here to defend a corrupt Atiku. 10 Likes |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Peakdesign23(f): 7:42am On Jan 04 |
We need to hear from OBJ. 4 Likes |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by phemmie06(m): 7:42am On Jan 04 |
This gbasgbos is not suitable for this time of the year, it should cone towards the ending of the year. Let's see who the saint is...... Polithievians are same but one is still a friendly devil 2 Likes |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Helpfromabove1(m): 7:43am On Jan 04 |
Umar Yar'Adua was truly a legend, death was not kind to Nigerians by taking him away too soon, even in a short period as a president his results still speak years after 13 Likes 1 Share |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by chipet67(m): 7:44am On Jan 04 |
The same Angel Obasanjo going about with fake holiness. Wicked man. Use our money do Otta farm for his personal self. 24 Likes 1 Share |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Abagworo(m): 7:45am On Jan 04 |
That's one of the worst actions ever taken by a Nigerian President. He cancelled it and brought back subsidy to appease Nigerians for the flawed election process that brought him to power. Yar'adua made many mistakes as a President but his most successful move was the Niger Delta amnesty program. 15 Likes |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Latakia(f): 7:45am On Jan 04 |
olaiya2007:the same way he transform Katsina state. Abeg make people allow the man to rest. 170 Likes |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by thunder74(m): 7:45am On Jan 04 |
Since the refineries were not sold and the sales were canceled, are they better now? Have they not spent tripple of that amount of state money on the so called turn around maintenance without a drop of fuel? Even if OBJ sold them for 1k each and the refineries are managed well by private companies, I am not sure we will be where we are now. 17 Likes 4 Shares |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Lithiumite: 7:46am On Jan 04 |
It's now obvious why the refineries were being sabotaged all these years till same dangote completed his. 2 Likes |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Upgrade88(m): 7:46am On Jan 04 |
.... Obj would have fought and antagonized Yar'Adua if he stayed alive to complete his tenure cos they would always be at loggerhead NB. I'm having a very terrible weekend already. I simply want to ask if anyone can kindly assist me with some amounts to good foodstuffs. This is a very humble request 🙏 |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by fareed69(m): 7:46am On Jan 04 |
Old fool. He thinks he own the nation. |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Latakia(f): 7:47am On Jan 04 |
See as Tinubu dey make everyone of them to shalaye because of refineries. Jagaban is the most prepared, courageous and boldest president in the history of Nigeria. 154 Likes 5 Shares |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Bobodee09: 7:47am On Jan 04 |
Always maintain my stand that Obasanjo is the worst civilian president we ever seen but people who were babies when he was president praise him. He laid foundation for every corruption we are witnessing today under civilian rule yet this man will be parading himself as saint. Which president sells a govt establishment like the refineries just 2 days to leaving office?? Haaa 17 Likes 1 Share |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by DeltaOil: 7:48am On Jan 04 |
So it's been long the North wants to hand my people's Oil over to a Northerner. |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by pythonkid(m): 7:49am On Jan 04 |
And the old devil keeps parading himself and a saint and savior to the Nigerian people . We are just stupid the fact that this man still has supporters today 7 Likes 1 Share |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Exousiang01(m): 7:49am On Jan 04 |
He has prayed so hard for these refi neries not to work in his life time. 13 Likes 1 Share |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by datola: 7:50am On Jan 04 |
Thank you oga Falana 6 Likes |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Forumites: 7:50am On Jan 04 |
So Falana knows about all these things and all these while,but chose to keep quiet… Now he is talking because it’ll soon burst beyond repair. Well if corrupt politicians were not in power,heads would have rolled but as usual nothing will happen. 5 Likes 1 Share |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Villa12(m): 7:50am On Jan 04 |
Nawa 1 Like |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by tommy589(m): 7:50am On Jan 04 |
Ok |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Lifestone(m): 7:51am On Jan 04 |
SmartPolician:Abeg stop this talk. Which Yaradua? A slow and undecided Leader. His only Hallmark which I applaud him for was the NigerDelta Amnesty Program 7 Likes 1 Share |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Ojuntana: 7:52am On Jan 04 |
OBJ and Atiku were not in good terms then Besides, NCP was more of an advisory body. The president still had the final say on privatisation However, the$750m price tag was too low but it can be understood since the buyers are indigenous 2 Likes 1 Share |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by Villa12(m): 7:52am On Jan 04 |
Bobodee09:Nigerians never experienced untold hardship under Obasanjo regime. We only experience it in Tinubu government. Obasanjo policies had a positive impact on the average man on the street unlike your emilokan anti people policies. 1 Like |
Re: Falana: Why Yar’adua Cancelled Sale Of Port Harcourt Refinery To Dangote by GreenCovering: 7:53am On Jan 04 |
Same president that wasted $16b on power with nothing to show for it after 8 years. He was only there to balkanise the nations assets and resources in the interest of the IMF, world bank etc who aptly rewarded him with debt reduction in return but the money bags knew the country would never be able to break away from the cycles of borrowings. Smsh!!! 6 Likes |
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