Dangote disclosed this during a media briefing at the refinery.
The African richest man noted that the Nigerian oil company now owns only seven point two per cent of the refinery due to the NNPC’s failure to pay the balance of their share, which was due last month in June.
He stated that while NNPCL had promised to provide the funds, it has been unable to meet its obligations, thus reducing its stake in the twenty billion dollar refinery to seven point two per cent.
In August 2021, the Group Chief Executive Officer of NNPCL, Mele Kyari, told lawmakers that the company had acquired twenty per cent of Dangote Refinery.
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