Being “kobo” wise but “naira” foolish with our refineries

In July 2007, Bluestar oil, partly owned by Aliko Dangote’s Dangote Oil (with 55%), Zenon Oil (25%) owned by Femi Otedola; and Transcop (5%), majorly owned by Tony Elumelu; and the Rivers State government also holding a 15 percent stake, announced that they are pulling out of a deal to buy two…