Nigeria News

Business

NNPC Did Not Award $25bn Contracts – Presidency

By  | 

The Presidency has said that the Nigerian National Petroleum Corporation did not procure any contract worth $25 billion as being reported in the media.

 

The Special Adviser to Vice President Yemi Osinbajo on Media and Publicity, Mr Laolu Akande said this, adding that the whole issues about the memo written by the Minister of State for Petroleum, Dr Ibe Kachikwu were misconstrued by members of the public through the media report.

 

Earlier last week, Osinbajo had denied signing any contract for the NNPC to carry out a N650 million contract but agreement papers between the corporation and another international oil group.

 

About three weeks ago, Kachikwu wrote a petition to Buhari, alleging the Group Managing Director of NNPC, Dr Maikanti Baru of insubordination and that President Muhammadu Buhari should intervene in the matter.

 

The memo was leaked and consequently went viral on social media, revealing allegation of about $25 billion contracts awarded by Baru without due process.

 

In the memo, Kachikwu expressed his displeasure with Baru for not discussing some issues on the contracts and appointments with the NNPC Board, which he currently heads.

 

However, late last week, Kachikwu made a U-turn on some contents of his memo, saying that the media had misquoted him.

 

He said the main issue bordered on governance lapses instead of corruption allegation as being peddled around.

Leave a Reply

Your email address will not be published.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

one × 2 =

error: Content is protected !!