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Osinbajo, Not Buhari Approved N648bn NNPC Contracts – Presidency

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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).

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.