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.
Quote
“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.
| Posted: at | |
kixme
ikenna520
Wazubia
ruthie
TRENDING GISTS 
Bobrisky Jailed, Cubana Chief Priest Granted Bail For Same Offense - Timi Agbaje Clarifies
Oluwo Tells EFCC About A Spirit In Yoruba That Forces People To Spray Money Uncontrollably
VIDEO: Woman Arrested After Taking Dead Uncle To The Bank To Secure A Loan
Lagos Govt Raids Street Miscreants, Arrest 12 For Sleeping Under Elegushi Bridge (Video)
Nigerian Lady in Tears After Her Boyfriend Absconded With Her N10m Life Savings
Mother of Sound Engineer Who Died Alongside Jnr Pope Cries Out For The Return of Her Son’s Body to Rivers State
JUST IN: Of 29 Yoruba Nation Agitators Arraigned In Ibadan (Photos)