Oseni Rufai, a renowned journalist and broadcaster has questioned the whereabout of the borrowed $1b loan by Tinubu’s government to secure a 20% stake in Dangote refinery.
Recall that 6 months ago, the Nigerian National Petroleum Company (NNPC) Ltd acquired a 20% stake in Dangote refinery for $2.76 billion through a $1.036 billion funding from Lekki Refinery Funding Limited of which $1 billion was paid to Dangote Refinery and $36 million for transaction costs.
Data sourced from NNPC Ltd’s newly released audited financial report for 2022 showed the state-owned company pledged 35,000 barrels of crude oil per day (bpd) as repayment for the loan.
However, Rufai in a post on his X handle on Saturday, revealed that no money was paid for the 20% stake.
He wrote, “Just 6 months ago, this government obtained over $1b loan to acquire a 20% stake in the Dangote refinery. A few days ago we heard that no money was paid for the 20% stake. The big question, what happened to the loan obtained for this purpose?.”
In addition to his write up, he attached a news report by Nairametrics to back up his claims.
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