Just In: Vice President, Yemi Osinbajo Admits Approving NNPC Oil Contracts Worth N640 Billion

at 01:24 PM, 12 Oct 17 (5 months ago)
(9521 | Hero) (f)

A presidential aide has revealed that Vice-President Yemi Osinbajo approved two NNPC oil contracts worth N640 billion.  Vice President Yemi Osinbajo has taken responsibility for granting authorisation to the Nigeria National Petroleum Corporation (NNPC) for two oil contracts worth N640 billion, according to a report by Premium Times.
The report revealed that Osinbajo admitted approving the contracts in a statement released  by presidential spokesperson, Laolu Akande. The approval was given in his capacity as acting president in July.
“In response to media inquiries on NNPC joint venture financing, VP Osinbajo, as Ag President approved recommendations after due diligence,”
Mr. Akande said.
The admission comes after the Minister of State for Petroleum, Ibe Kachikwu had accused the NNPC GMD,  Dr. Maikanti Baru of insubordination and approval of contracts without due process.
But, in response, the NNPC had stated in the response that two presidential approvals were granted to the NNPC for contracts with Shell Nigeria and Chevron at the rate of $1 billion and $780 million respectively.
kixme at 01:29 PM, 12 Oct 17 (5 months ago)
(2172 | Gistmaniac) (m)
OSI BOBO dem don futam for your head abi? KAI  Uncle BUBU and that him cabinet can never go unpunished... Shocked Shocked Shocked Shocked
ikenna520 at 01:37 PM, 12 Oct 17 (5 months ago)
(345 | Upcoming) Online (m)
They don use u for cover up abi? Although we know say no be u be the real vice presido. MUMU! ODE!!!
Wazubia at 03:01 PM, 12 Oct 17 (5 months ago)
(3272 | Gistmaniac) (m)
Osinbajo so you don join them for corruption. it is well.
ruthie at 03:40 PM, 12 Oct 17 (5 months ago)
(13416 | Hero) (f)
CASE CLOSED!!!!!!!!!!!


  1. ficull on: The Kind Of Grammar This Newly Graduated Slay Queen Posted On FB Will Keep You Wondering
    Chai.. naija, we're the best. Lol.... 8 mins ago ago
  2. ficull on: “No Nigerian Man Can Satisfy Me” – Beauty Queen, Onyinye
    If ALL Nigerian men can't do it, then something is SERIOUSLY wrong with you. It's either y... 10 mins ago ago
  3. kima77same on: Nollywood Actress, Sylvia Anyanwu Reveals She Can Stay For Months Without Sex
  4. spodamco on: CELEBRITY BEEF! Former BFFs, Susan Peters and Halima Abubakar Fall Out and Turn Enemies
    Hello, gistmania, please how can i upload my mixtapes on your blog, i am a dj in Nigeria, i have alr... 19 mins ago ago
  5. ejikeiyo on: Real Madrid To Play Juventus As UEFA Releases Full Champions League Quarter-Final Fixtures
    WASTED GENERATION... 40 mins ago ago