Kachikwu/Baru Row: We Engaged 7 Companies Recommended By Minister – NNPC

By  | 

The Nigerian National Petroleum Corporation, NNPC has come up with another poser, saying it actually engaged seven companies recommended by the Minister of State for Petroleum Resources, Dr Ibe Kachikwu in the ongoing contracts saga.


The petition by the minister to President Muhammadu Buhari over alleged insubordination by the Group Managing Director of NNPC, Dr Maikanti Baru had stirred a row between the two about two weeks ago.


NNPC had since released a statement, saying that the minister was carried along in the alleged $25 billion contracts awarded by the corporation.


The oil giant faulted the Minister’s claim that he was not consulted on $10billion Crude Term Contracts.


According to findings, Kachikwu actually made an input into the shortlisting of 40 off-takers for the Crude Term Contracts out of which seven of them recommended by the minister were engaged.


Kachikwu in his petition had alleged that the GMD had been sidelining him and called on President Muhammadu Buhari to intervene.


He said that as the Chairman of the NNPC board, the corporation GMD is supposed to report the procedure of appointments and awards of contracts to him but rather, Baru had been doing it all alone without recourse to the board.


President Buhari is yet to make any official statement on this.

Leave a Reply

Your email address will not be published. Required fields are marked *

1 × two =

error: Content is protected !!