Tag: NNPC Scam

Senate Under Pressure To Drop NNPC $25 Billion Contract Probe

Senate Under Pressure To Drop NNPC $25 Billion Contract Probe

Breaking, Politics
The Senate has postponed the commencement of its planned investigation into the alleged award of $25 billion worth of contracts in the Nigerian National Petroleum Corporation (NNPC).C Following the allegation of abuse of due process made by the Minister of State for Petroleum, Ibe Kachikwu, against the NNPC Group Managing Director, Dr. Maikanti Baru, the Senate resolved to investigate the matter. The upper chamber also resolved to investigate Baru over alleged insubordination and abuse of office as contained in the leaked Kachikwu’s letter to President Muhammadu Buhari. Deputy Senate President, Ike Ekweremadu, who announced the postponement during yesterday’s plenary session, said that the investigation would commence next Tuesday. The investigative panel headed by former Sokot
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.  
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