Tag: Ibe KACHUKWU

NNPC MESS: Osinbajo Denies Approving Contracts / ORBITNEWS Updates

NNPC MESS: Osinbajo Denies Approving Contracts / ORBITNEWS Updates

Breaking, Business, Politics
It appears that the last as not been heard about the NNPC contract issues brought to light by Minister of State for Petroleum, Emmanuel Ibe Kachikwu. Nigeria's vice president, Prof Yemi Osinbajo, has clarified his earlier statement where it was assumed he had backed the alleged NNPC position that he signed the contracts while the president was away as he was then acting president. But according to a clarification statement on the Daily Trust website from Laolu Akande, spokesman to the vice president, Osinbajo did not sign any contracts but only approved loans for the NNPC. Looks like the VP has taken several steps to distance himself from the issue.  
Petition Against NNPC Boss Was Leaked By Kachukwu To Embarrass Buhari – Yakassai

Petition Against NNPC Boss Was Leaked By Kachukwu To Embarrass Buhari – Yakassai

Breaking, Politics
The Minister of State for Petroleum and Resources, Ibe Kachikwu, has been accused of masterminding the leakage of the memo he wrote to President Muhammadu Buhari accusing the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) Maikanti Baru, of insubordination. The accusation was made by Tanko Yakasai on Wednesday who claimed that Kachikwu leaked the memo for the sole purpose of embarrassing President Buhari and portray him as being unserious on issues of due process. The elder statesman stated this in a statement he personally signed and released on the contentious issue currently rocking the NNPC. He said, “My feelings was that the leakage of the letter was simply made to embarrassed the President and create an impression that he is not serious about fol
Leaked Memo: President Buhari Set To Meet With Kachukwu Over NNPC

Leaked Memo: President Buhari Set To Meet With Kachukwu Over NNPC

Breaking, Politics
The President will today meet Minister of State for Petroleum Resources Dr. Emmanuel Ibe Kachikwu, The Nation learnt last night. The minister has alleged that $25billion contracts have been wrongly awarded by Nigerian National Petroleum Corporation (NNPC) Group Managing Director Dr. Maikanti Baru. Kachikwu wrote President Muhammadu Buhari on the “bravado management style” employed by Baru as a result of which he has sidelined the minister and the board of the NNPC on matters they should take decisions on. Baru remained silent on the allegations yesterday. The Senate also yesterday expressed shock at the allegations. After a debate on a motion on the matter, a panel of senators headed by Senator Aliyu Wammako, was raised to investigate the matter. The meeting between the Pres
Viral Leaked Memo To Buhari, Mere Internal Official Routine – Kachukwu

Viral Leaked Memo To Buhari, Mere Internal Official Routine – Kachukwu

Breaking, Politics
The Minister of State for Petroleum Resources, Ibe Kachikwu, has attempted to play down the enormity of his now-viral leaked memo in which he wrote President Muhammadu Buhari detailing serious disagreements with Maikanti Baru, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), describing it as merely part of regular internal routine exchanges. In his reaction, Kachikwu described the leak and circulation of the internal memo as “distressing”, noting that the memo was merely part of routine exchanges he regularly shared with the president about “developments in parastatals under his supervision”. The minister’s reaction was delivered by the spokesperson for the Ministry of Petroleum Resources, Idang Alibi. Alibi said the letter was aimed not at discrediti
BUSINESS: NIGERIA’S OIL RESERVE WILL DRY UP IN 30 YEARS TIME – PRESIDENCY

BUSINESS: NIGERIA’S OIL RESERVE WILL DRY UP IN 30 YEARS TIME – PRESIDENCY

Breaking, Business, Politics
Minister of State for Petroleum Resources, Dr Ibe Kachikwu on Wednesday said that Nigeria's oil reserves will will dry up in 30years. Kachikwu made the remark while representing President Muihammadu Buhari at the 5th triennial delegates conference of the Petroleum & Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Abuja; Nigerian Tribune reports. “As it concerns Nigeria, we must work inclusively hard to deal with some of the difficulties that we will continue to see in our production platforms. Whether it is the militants which is a key component or the slow speed of approvals or whether the fact that our policies are not even as fast as they should to catch up with changing Times. “Those of us who have the opportunity to seat in ministerial zones where we have
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