News, People, What's Trending

Osinbajo disgraces Kachikwu: ‘I approved NNPC contracts’

osinbajo - baru - Ibe
The Vice President Yemi Osinbajo has finally cleared the air on the controversies surrounding the Nigerian National Petroleum Corporation (NNPC), between the Minister of State for Petroleum Resources, Dr Ibe Kachikwu and the NNPC Group Managing Director (GMD), Maikanti Baru.
The whole scenario ensued following Kachikwu’s letter to the President in which he alleged gross insubordination by the NNPC GMD, Maikanti Baru. He had alleged that Baru awarded $25 billion contracts without following due process.
He also alleged that the $25 billion contracts were struck without consulting the office of the Minister of State for Petroleum Resources or the board of the corporation.
However, Prof. Yemi Osinbajo has finally proven that Kachikwu’s claims against Maikanti Baru are baseless.
Osinbajo said that the contracts were approved after due diligence when he acted as President when President Muhammadu Buhari was out of the country.
It was disclosed by the Senior Special Assistant on Media and Publicity, Laolu Akande, in a series of tweets on his twitter handle @akandeoj, today.
The tweets stated, “In response to media inquiries on NNPC joint venture financing, VP Osinbajo, as Ag President approved recommendations after due diligence & adherence to established procedure.Action necessary to deal with huge backlog of unpaid cash calls which Buhari adm. inherited and also to incentivise much needed fresh investments in the oil & gas sector.”
– Chika Okorie for

Related Stories:



About the Author