Mohammed Shosanya
The Nigerian National Petroleum Company Limited,says it periodically assesses its investment portfolio to ensure alignment with the company’s strategic goals.
Olufemi Soneye,Chief Corporate Communications Officer,NNPC Ltd, said this in a statement while reacting to claims that his company has lost its 20percent stake in Dangote Refinery.
“The decision to cap its equity participation at the paid-up sum was made and communicated to Dangote Refinery several months ago”,the statement quoted.
The Chief Executive Officer of Dangote Refinery, Aliko Dangote, had Sunday said that the Nigerian National Petroleum Corporation no longer owns a 20 per cent stake in the refinery.
He stated this while briefing journalists in Lagos.
He said: “NNPC no longer owns a 20% stake in the Dangote refinery. They were met to pay their balance in June but have yet to fulfill the obligations. Now, they only own a 7.2% stake in the refinery.”
