Osinbajo, Not Buhari Approved N648bn NNPC Contracts – Presidency
The presidency has refuted claims that President Muhammadu Buhari signed some oil contracts worth N648billion while he was on his sick bed in London.
Senior Special Assistant on Media and Publicity to Vice President Yemi Osinbajo, Laolu Akande, who made the rebuttal on behalf of his principal said that the vice president approved the contracts for the Nigeria National Petroleum Corporation (NNPC).
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The NNPC Group Managing Director, GMD, Maikanti Baru, in a reaction to allegations levelled against him by the Minister of State for Petroleum Resources, Ibe Kachikwu, had said that Buhari granted approvals for oil deals to the Corporation while he was in the UK.
But in a series of tweets via his twitter handle, Akande said Osinbajo approved the contracts when he acted as President.
According to him, Osinbajo approved the recommendations for the contracts as part of necessary actions to deal with backlog of unpaid cash calls and incentivise investments.
In response to media inquiries on NNPC joint venture financing, VP Osinbajo, as Ag President approved recommendations after due diligence…
— Laolu Akande (@akandeoj) October 12, 2017
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…& adherence to established procedure. Action necessary to deal with huge backlog of unpaid cash calls which Buhari adm. inherited…
— Laolu Akande (@akandeoj) October 12, 2017
….and also to incentivize much needed fresh investments in the oil & gas sector
— Laolu Akande (@akandeoj) October 12, 2017
