By Bolanle BOLAWOLE
When two elephants fight, the grass, they say, suffers. But when cabals fight, and fight dirty like the NNPC and Aliko Dangote are doing, what happens? Dogs eat dogs and chickens gnaw at each other’s intestines. Can of worms explode in the open and cupboards full of skeletons, hitherto securely locked, are forced open. For instance, Dangote alleged that his refinery was being sabotaged by oil cabals bent on the continued importation of refined petroleum products. NNPC countered that the said refinery was not yet completed and certified and that its products were inferior to imported stuff. Dangote has fired back with his Malta oil-blending allegation to support his claim that well-heeled personalities want to continue to make a killing with fuel importation at the expense of hapless Nigerians. Understandably, the stakes are high. A single write-up cannot perfectly put all the pieces together. Call it a maze, labyrinth or jig-saw puzzle and you will be right. So, here today, we take a look at some of the information available and allow our readers a better understanding of the issues at stake.
STORY NUMBER 1:
In 2023, Dangote had a meeting with his select strategists for the purpose of deciding who, among Peter Obi, Atiku Abubakar, and Bola Ahmed Tinubu he should back in the February 2023 presidential election. After analyzing each candidate’s profile, merits, and demerits, the consensus was that Atiku was the best option to back.
Dangote made donations as well to Tinubu’s campaign but his body language showed he preferred Atiku… His business arch rival, Abdul Samad Rabiu of BUA Cement, pitched his tent with Tinubu and did not donate money to Atiku .Rabiu’s support was so personal that he donated his private jets for use by TInubu’s campaign team. The same is said of Tony Elumelu who reportedly provided the much-needed cash for Tinubu’s camp during the ill-fated cash crunch and scarcity before the election. No wonder Tony was the first person Tinubu visited in Lagos as president-elect!
That Dangote did not support him was one of the reasons why Asiwaju stayed away when Dangote Refinery was later commissioned by Buhari. The election is over. Asiwaju is the president and the chicken has come home to roost. For the first time since the return to democracy in 1999, Dangote is not the favourite of a sitting government. Rabiu and Elumelu have taken his position. The biggest casualty from the politics of Dangote is his 650,000 barrels per day Dangote Refinery.
Before Asiwaju, Dangote had an agreement with NNPC that it would invest $2 billion in Dangote refinery or, if it cannot invest in cash, it would provide crude oil worth that amount for Dangote refinery to process. This investment will give NNPC a 20% stake in the Dangote refinery. NNPC is too broke to drop $2 billion, so it chose to provide $2 billion worth of crude oil in lieu of cash. But there is a problem: Buhari, who was the president when the deal was sealed, is no longer in power. The new Whiz kid is not a fan of Dangote any more; so the NNPC guys read the body language… NNPC, which was at the mercy of Dangote when Buhari was in charge, turned to hard nuts to crack under Tinubu.