NNPC says Vice President approved the $25bn controversial oil contracts
he NNPC said Osinbajo signed the approval of two oil contracts worth N640 billion during his time as the acting president.
Recommended articles
In a statement issued on Wednesday, October 11, the NNPC said Osinbajo signed the approval of two oil contracts worth N640 billion during his time as the acting president.
The "Acting President Yemi Osinbajo gave the approval", spokesperson for the NNPC, Ndu Ughamadu, said in the statement sent to Premium Times.
But Osinbajo's office could not confirm or deny the approval claims when the online news platform requested for comments.
ADVERTISEMENT
The NNPC also said it received presidential approvals for two oil contracts on July 10 and July 31 worth $1 billion and $780 million, respectively.
Ughamadu confirmed that Osinbajo gave the approval for those too.
The Minister of State for Petroleum Resources, Ibe Kachikwu, had in a leaked memo to President Muhammadu Buhari, accused the Group Managing Director of the NNPC, Maikanti Baru of abuse of contract regulations and insubordination.
Kachikwu alleged that Baru awarded up to $25 billion in oil contracts under different guises without the knowledge of the NNPC board or himself as its chairman.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
NNPP founder accuses Kwankwaso of betrayal, threatens legal action
2 students fall and die trying to take a selfie at waterfall
VP Shettima calls on academics to contribute to Nigeria's security, prosperity
Elon Musk threatens to suspend Twitter accounts involved in engagement farming
'Yahaya Bello' - Kogi parliament told to begin impeachment process of Gov Ododo
NCDC intervenes as 8 die, Sokoto's mysterious illness remains unidentified
He helps deprived Nigerians of all faiths - Obi's aide denies religious politics
Otu allocates ₦100m to improve school children's nutrition, learning, health
JAMB warns UTME candidates against sharing details with fraudsters
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT
![Nigerians in diaspora are urged to be patriotic toward the nation [Jenny M.C.]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Nigerians in diaspora are urged to be patriotic toward the nation [Jenny M.C.]")