Vice President Yemi Osinbajo has taken responsibility for granting
authorisation to the NNPC for two oil contracts worth N640 billion.
A statement by presidential spokesperson, Laolu Akande, said Mr.
Osinbajo approved the contracts 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 a day after PREMIUM TIMES amplified a curious
part of the NNPC response to the Minister of State for Petroleum, Ibe
Kachikwu’s allegations on Monday.
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.
But when PREMIUM TIMES reached NNPC and the presidency for
clarification on Tuesday, they could neither confirm nor deny at the
time.
Details soon…