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.
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.
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