Vice-President Yemi Osinbajo says he approved contracts of the Nigeria National Petroleum Corporation (NNPC) when President Muhammadu Buhari was on medical vacation in the UK.
Ibe Kachikwu, minister of state for petroleum resources, had accused Maikanti Baru, group managing director (GMD) of the NNPC, of awarding contracts without due process, an allegation that the corporation denied.
But in a series of tweets on Thursday, Laolu Akande, spokesman of the vice-president, said Osinbajo approved the contracts as part of necessary actions to deal with a backlog of unpaid cash calls and incentivise investments.
“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 incentivize much needed fresh investments in the oil & gas sector,” he tweeted.
More to follow…
- Nobody Should Accuse Buhari Of Fraud.. He Is A Decent Man – Ibe Kachikwu To Nigerians
- Withdraw Osinbajo From Pastoral Calling Because Church Do Not Ordin People To Lie – Reno Tells Pst Adebooye
- JUST IN: President Buhari Sacks SGF Babachir Lawal And Ex-NIA Boss Ayo Oke
- Breaking: For The 3rd Time, Buhari Fails To Appear At FEC Meeting
- Controversial Minister Of Women Affairs, Senator Aisha Alhassan Live In FEC Meeting With President Buhari In Aso Rock (Photo)
- Buhari Holds Secret Meeting With AGF, GMD NNPC
- Osinbajo Can’t Lie To Nigerians Because He Is A Pastor – Fayose