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.tori.ng/news/5598/what-yaradua-told-me-when-i-confronted-him-on-reve.html

We are Africans,we don't speak against the departed even if we had to make a point we atleast pray for repose of their Souls.These politicians take it personal anytime anyone works against them directly.
Why was Dangote so interested in buying when all years they painted it that those refineries can never work? Why wasnt he given license to build smaller sizes and operate? Every government complains of pressure and consulting widely,even Abacha and confirmed by IIBB,the question is who are these guys who gets to decide everytime and why does everyone keep hidimg their names,I expected obk to have asked him to give him the names of those who pressured him
He didnt even tell the Ex-president's final reply because as always he believes Nigerians are gullible and would buy only his version.
Dangote has cement and till date I wonder where he has the interest of Nigerians based on his prize and allowing of middle men and the alleged policies of him in the past using government to take over factories of competitors like the Koreans story during the same government Obj is complaining.He took over cement factories that would have offered less when completed,he gets government assist more than anyone else and no one asks if all others get same.
Dangote could build power plants too,atleast he was in Lagos to show he can.Why didnt Obj give him that too
Whats about the refinery that is my point

Yaradua was not ready to lead.


BTW, have a look at Nigeria glo Premier League Fixtures and the Star Match of the Week.

Sincerely obj is 80% of the problems in nigeria

Who cares anymore, the refineries are going to start refining crude soon, so..... Bleep off Obj. As tho he had any plans that favoured Nigerians during administration except for stealing..

Baba talk active is at it again.

Baba....


www.gistwithtessy.com

Nonsense

AnyibestDede:
Sincerely obj is 80% of the problems in nigeria

I think so too.

otukpo:


I think so too.

And the old man is very shameless

AnyibestDede:
Sincerely obj is 80% of the problems in nigeria

lol na true o my broda... any govt wey kom u go c obj the jump up nd jump down..