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Thursday, 12 October 2017

N640 billion contract: NNPC allegedly says Osinbajo gave approval

The office of the vice president has been quiet following claims that the Nigerian National Petroleum Corporation (NNPC) said that the presidential approvals it received for two oil contracts worth N640 billion were granted by Vice President Yemi Osinbajo during his time as acting president.


According to Premium Times, Ndu Ughamadu, the spokesperson for the NNPC on Wednesday, October 11, said the "Acting President Yemi Osinbajo gave the approval."

However Osinbajo's office could not confirm or counter the claim made by the NNPC despite several requests.

Kachikwu in the August 30 memo, said the NNPC boss Maikanti Baru awarded up to $25 billion in oil contracts under different guises without recourse to NNPC board or himself as its chairman.

The agency also listed some contracts that received presidential approvals between September 2015 and July 2017.

The statement said NNPC received presidential approvals for two oil contracts on July 10 and July 31 worth $1 billion and $780 million, respectively.


The timeline indicated that the contracts were signed on dates Buhari was on medical leave in London and Osinbajo was acting as president in line with the Constitution.

Kachikwu in his memo to President Buhari, also stated that when the president was unwell in London for several months between May and August, Baru tried to get direct approval from Acting President Osinbajo for some personnel changes at the NNPC.
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