NNPC Scandal: I only approved financing loans not contracts - Osinbajo

NNPC Scandal: I only approved financing loans not contracts - Osinbajo

There have been speculations that the President gave approvals for the two contracts on his sick bed in London.

Akande said he too had earlier yesterday tweeted on the same matter thus: "In response to media inquiries on the NNPC Joint Venture financing arrangements, VP Osinbajo, as Acting President, approved the recommendations after due diligence and adherence to established procedures".

Kaduna-Arewa Consultative Forum, ACF, has called on President Muhammadu Buhari to call Minister of State for Petroleum Resources, Dr Ibe Kachikwu, and Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, to order over their public exchanges on the running of the country's petroleum affairs.

Vice-President Yemi Osinbajo has distanced himself from the claim that he approved NNPC contracts when President Muhammadu Buhari was away on medical vacatio.

"They were financing loans".

"While the President was away, the law actually provides for those authorizations".

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Osinbajo however disassociated himself from his aide's tweets saying, "They were financing loans, joint venture loans, that have procured so in some cases NNPC ventures have to secure loans and they need the authorization to secure those loans".

However, Baru, had reacted to the allegations by the minister in a statement signed by the Group General Manager, Group Public Affairs Division, Ndu Ughamadu titled "Allegations of Lack of Adherence to Due Process in NNPC Contract Awards".

"Our memories are still fresh of the massive corruption and mismanagement that almost destroy the Nigerian Oil and Gas industry under the supervision of the former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, due to her enormous power".

"We expect the minister to start by showing an example by publicly apologizing over his leaked letter which almost brought down the integrity of the NNPC GMD, the administration of the President Muhammadu Buhari, and the Nigerian petroleum industry".

The statement added, "The recent appointments and promotions done by the GMD should be revoked and fresh appointments and promotions should be done in accordance with the provisions of the constitution and in line with Federal Character Principles".

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