NNPC Ltd: CSO disagrees with Obasanjo over comment

Olusegun-Obasanjo-1024×577

Ex-President Olusegun Obasanjo

From Idu Jude, Abuja

A civil society organization (CSO) under the aegis of the Movement for Anti-Corruption, Integrity, and Transparency Initiative, has described the recent statement by former president, Olusegun Obasanjo against state-owned refineries and the Nigerian National Petroleum Company (NNPC), as a distraction, stating that the newly formed Nigerian National Petroleum Company Limited (NNPCL), should be encouraged to function effectively.

The CSO stated this in a statement jointly signed by its national president, Goodway Jackson, and secretary general, Mohammed Kuda on Sunday.

Recall that rights activist, Femi Falana had in a statement he issued on Friday, claimed the Port Harcourt refinery was sold by Obasanjo to a consortium, however, the late President Umaru Yar’Adua, having found out that the deal was not in the best interest of the country, reversed it. According to Falana, a 51 percent stake in the Port Harcourt Refinery was sold for $561 million, and another 51 percent of Kaduna Refinery was also sold for $160 million on May 28, 2007.

The CSO quoted Falana’s reaction to the former president’s outbursts where he said: “Former President Obasanjo’s recent outburst on state refineries may not be because he means well for the the nation’s refineries but due to an age-long grudge he holds against NNPCL soon after he left office as president.”

Breaking news & top stories

Stay connected with The Sun Newspaper

Get breaking news, exclusive stories, and live updates delivered straight to your phone. Join thousands of readers already following us on Whatsapp Channel and Telegram.

Breaking news & top stories

Follow The Sun Newspaper

Get live updates & exclusive stories delivered straight to your phone.

Breaking news & top stories

Stay connected with The Sun Newspaper

Get breaking news, exclusive stories, and live updates delivered straight to your phone. Join thousands of readers already following us on Whatsapp Channel and Telegram.