Home News JUST IN: Osinbajo admits approving N640bn Oil Contracts For NNPC

JUST IN: Osinbajo admits approving N640bn Oil Contracts For NNPC

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Prof Yemi Osinbajo, Vice President of Nigeria

The Vice President, Yemi Osinbajo has admitted granting authorisation to the NNPC for two oil contracts worth N640 billion while President Muhammadu Buhari was away on medical leave.

Minister of state for Petroleum Resources, DR. Ibe Kachikwu, had accused the Group Managing Director (GMD) of the NNPC, Dr Maikanti Baru, of awarding contracts without due process, an allegation which was denied by the NNPC.

The Vice President’s position was contained in a series of tweets by his spokesman, Laolu Akande, who says he (Osinbajo) approved the contracts in his capacity as acting president in July.

See tweets:

 

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