Nigeria, May 23 -- Nigerian billionaire businessman Femi Otedola has disclosed that he sold his stake in Geregu Power Plc to invest in the planned public offering of the Dangote refinery project owned by Aliko Dangote.

Mr Otedola made the disclosure while speaking to journalists during a visit to the Dangote Refinery on Wednesday.

While praising Mr Dangote's industrial projects, he described the businessman as "a colossus" and "one of the greatest men that has come out of Africa."

"That's one of the reasons why I sold my stake in the Geregu plant to come and invest my proceeds in the IPO of Dangote Refinery," Mr Otedola said.

The businessman said he had repeatedly appealed to Mr Dangote to allocate shares to him in the refinery's priv...