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BREAKING: Yemi Osinbajo Reacted To The Approval Of N640 Billion NNPC Contract.

  According to an earlier report by Premium Times said; ‘ Vice President Prof  Yemi Osinbajo has taken responsibility for granting authoriz...

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According to an earlier report by Premium Times said; ‘ Vice President Prof  Yemi Osinbajo has taken responsibility for granting authorization to the NNPC for two oil contracts worth about N640 billion.

A statement released by presidential spokesperson, Laolu Akande, stated that Prof Osinbajo approved the contracts in his capacity as acting president in July.

He said “In response to media inquiries on NNPC joint venture financing, VP Osinbajo, as Ag President approved recommendations after due diligence,” Mr. Akande said.

However, Osinbajo’s office could not confirm or counter the alleged claim made by the NNPC despite several requests. Kachikwu in the August 30 memo, said the NNPC boss Maikanti Baru awarded up to $25 billion in oil contracts under different guises without recourse to NNPC board or himself as its chairman.

The agency also listed some contracts that received presidential approvals between September 2015 and July 2017.

The statement said NNPC received presidential approvals for two oil contracts on July 10 and July 31 worth $1 billion and $780 million, respectively. The timeline indicated that the contracts were signed on dates Buhari was on medical leave in London and Osinbajo was acting as president in line with the Constitution. Kachikwu in his memo to President Buhari, also stated that when the president was unwell in London for several months between May and August, Baru tried to get direct approval from Acting President Osinbajo for some personnel changes at the NNPC.

In an earlier report, Baru stated that President Buhari granted approvals for oil deals to the government oil firm during the time he was on his sick bed in London.

The disclosure by Baru was made when he responded to the allegations made by the minister of state for petroleum resources, Ibe Kachikwu, over the unilateral award of hefty oil and gas contracts totaling about $25 billion by NNPC boss.

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