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 not deny at the time.
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