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PDP raises alarm as NNPC plans to acquire Dangote Refinery shares




The Individuals’s Democratic Social gathering (PDP) has warned the President Muhammadu Buhari administration to make sure transparency within the deliberate buy of 20 % shares in Dangote Refinery.


PDP Nationwide Publicity Secretary, Kola Ologbondiyan informed Nigerians to concentrate to the acquisition.

The Nigerian Nationwide Petroleum Company (NNPC) had introduced it’s contemplating fairness participation in plenty of personal refineries.

Kennie Obateru, the spokesman, in a press release defined that the choice was in keeping with the Federal Authorities coverage which mandates the NNPC to put money into services that exceed 50,000 barrels.

Obateru stated the company recognized a minimum of six refinery tasks it intends to hunt fairness participation, “5 of them are on the improvement stage with the Dangote Refinery being the most important of them”.

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The NNPC assured the transfer to hunt fairness participation within the personal refineries wouldn’t undercut its dedication to the rehabilitation of its personal refineries and strengthen the home refining sector.

In its rejoinder, the PDP stated it has nothing in opposition to any real and trustworthy incentives for personal refineries, however demanded such should not be used as avenues for siphoning funds from nationwide treasury.

Ologbondiyan famous that the transaction should be made open, when it comes to situations for crude barter commerce, length, fairness sharing, signatories amongst others,

The spokesman urged the Nationwide Meeting to reap the benefits of its oversight energy on the NNPC to make sure that the deal adopted due course of.

“The PDP insists that any course of involving diversification of our nation’s financial curiosity by the federal government should be made open, clear and never be used as a conduit pipe for misappropriation”, he stated.

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