Politics
Bombshell: I Did Not Approve Any Contract For NNPC, Osinbajo Opens Up
Vice-President Yemi Osinbajo has stated that the approvals he granted to the NNPC while he was Acting President were for financing arrangements for the Joint Ventures between the corporation and International Oil Companies, and not approvals for contracts.
Osinbajo made this clarification in a statement issued by his Senior Special Assistant on Media and Publicity, Mr Laolu Akande, in Abuja on Thursday.
He said that the presidential approvals were specifically for financing joint ventures, and they were loans not contracts.
According to the vice president, the law actually provides for those authorisations.
The statement reads in part: “Approached by reporters after the ground-breaking multi-billion Naira historic Bonny-Bodo road project, in Bonny, Rivers State, Vice President Yemi Osinbajo, explained specifically that the approvals he granted to the NNPC while he was Acting President were for financing arrangements for the Joint Ventures between the corporation and IOCs, and not approvals for contracts.
“These were financing loans, of course, you know what the Joint Ventures are, with the lOCs, like Chevron, that had to procure.
“In some cases, NNPC and their Joint Venture partners have to secure loans and they need authorisation to secure those loans while the President was away.
“The law actually provides for those authorisations. So I did grant two of them and those were presidential approvals, but they are specifically for financing joint ventures and they are loans not contracts.’’
Akande had earlier tweeted on the same matter thus: “In response to media inquiries on the NNPC Joint Venture financing arrangements, VP Osinbajo, as Acting President, approved the recommendations after due diligence and adherence to established procedures.
“This was, of course, necessary to deal with huge backlog of unpaid cash calls which the Buhari administration inherited, and to incentivize much needed fresh investments in the oil and gas sector.’’
The Minister of State for Petroleum, Ibe Kachikwu, had, in a memo leaked to the media, informed President Muhammadu Buhari that the Group Managing Director of Nigerian National Petroleum Corporation, Mr Maikanti Baru, was disrespectful to him.
He also allegedly accused the GMD of awarding contracts worth over 25 billion dollars without approval of the board of the corporation.
However, Baru, had reacted to the allegations by the minister in a statement signed by the Group General Manager, Group Public Affairs Division, Ndu Ughamadu titled “Allegations of Lack of Adherence to Due Process in NNPC Contract Awards.’’
Baru stated that the laws of the Commission, “do not require a review or discussion with the Minister of State or the NNPC Board on contractual matters.”
The NNPC boss was also quoted as saying that the 25 billion dollars for financing arrangements between the corporation and IOCs had presidential approval.
Chinwenwa Okeke
October 13, 2017 at 8:01 pm
Can someone tell us who sign d contract
Ebere Ifeanyi Chukwu
October 13, 2017 at 7:46 pm
AN D EVIL MAN IS DEVIL WORKSHOP
Chimes Ngams
October 13, 2017 at 7:05 pm
Even u osibanjo God is watching u manly 4 keeping mute and allow d blood of d innocent 2 b spilled on daily basis speak up and resngin if worsen come 2 worsen man of God
Chom Reign Udodi
October 13, 2017 at 7:02 pm
Osinbajo hands are clean, Buhari stole d money…
Ejike Okol
October 13, 2017 at 3:01 pm
Nigerian Politicsns Playing with life of its Citizens Nigeriain. Politicians nothing good to write home about They have nothing to offer Only evil all their eyes is only on how to ward ghost contracts and share the money involved within their cabal colony There exposeing it’s citizens to danger and not providing citizens with necessary Amenities and thats why each Government that comes up automatically caries a calabash bowl in head to china or America for money lending The plan truth all the money stolen by any government that comes up if put together free education free medicare good roads electricity pipeborn water good roads Is chieveable This is just what Nigerian citizens want But instead corruption looters My Question is this why is it that Nigeria politicians are evil Is because of their attitude that corruption spreads in all government parastatals through out Nigeria ( Because when a mother goat eats leaves the child goat looks at its mothers mouth
Obinna Raphael
October 13, 2017 at 1:36 pm
What is the meaning of a pastor? I think it’s man of God. Jesus Christ said not everyone that is calling Father Father is a child of God. From their fruit you will know them.
Napoleon Ogenewegba Eyeyon
October 13, 2017 at 12:25 pm
Hahaha, this Buhari government is full of shit. Just yesterday He said he approved it. Only to come back today and say he did not approved it.
Ekene Udensi
October 13, 2017 at 12:17 pm
Idiot pastor… U and ur APC poisonous govt will die natural death…
Ezeh Emeka
October 13, 2017 at 11:46 am
na no bi me…hahahah bandits in aso rock…shame on you pastor osiban mma…zoo must fall and u want to borrow another 6bill from.imf..to put nigeria in debts again..why thr north go on borrowing spree whenever they are at the helm.of.power
Gabriel O Gabriel Odey
October 13, 2017 at 10:33 am
Buhari told world bank president to only focus on the northern region of nigeria for infrastructural developments… The money’s stolen or siphoned by buhari’s APC criminals cabal out of NNPC is to be used to fund those biased north-centered projects…
SangoBiyi Arabagbangbamu Adifala
October 13, 2017 at 10:27 am
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Eneh Victor Emeka
October 13, 2017 at 10:21 am
You people should continue to yeye una self. Useless set of people
Aminu Ibrahim
October 13, 2017 at 10:21 am
Yes, Your Excellency i know you and Baba Buhari will not be Part of Shady DEALS ! We have seen those that are OBSTACLES to Nigeria’s PROGRESS !
Ejimenkeonye Emeka
October 13, 2017 at 10:19 am
You can’t… Wisdom is profitable to direct
Baba Japara
October 13, 2017 at 10:18 am
(08173940332) CONTACT BABA for any Spiritual And Physical Problems such as:-
*.SILENT RICH
1. Favour Soap (Ose Iyonu Agba)
2. Wealth Soap (Awure Osonu)
3. Heavy Wealth (Awure Osole)
4. Witches Favour (Gbere Iyonu)
5. Victory Soap (Ose Aseta)
6. Great Wealth (Awure Ola)
7. Powerful Command (Gbetugbetu)
8. Disappear (Egbe)
9. Invisible (Afeeri)
10. No U-turn Soap (Ose Mayihunpada)
11. Command Needle (Abere Ase)
12. Love Powder (Atike Ife)
13. Love Perfume (Lofinda Ife)
14. Marriage Seal Honey (Oyin Ife Lailai)
15. Special Command (Ase)
16. Love Cage Bottle (Igo Idemole Ife)
17. Any Marriage Related Problems
NOTE:- BABA also specialise in the treatment of terminal diseases such as STROKE, DIABETES, T.B. (COUGH), STAPHYLOCOCCUS, EPILEPSY etc.
HOME AND ABROAD HOTLINE NUMBER +2348173940332
NO 17 OKETAKO OKE SOPIN IJEBU IGBO OGUN STATE NIGERIA
Okey Moole
October 13, 2017 at 10:18 am
Hahahaha housemaid ok sir
Collins Chidozie Anaba
October 13, 2017 at 10:16 am
For your good stay at home let’s die no more they are evil
Emma Prince
October 13, 2017 at 10:15 am
Welcome to the Zoo we’re monkeys and baboons are confused..thanks God we are going home…Biafra AL The way…
Mgboo Ugochukwu Promsy
October 13, 2017 at 10:14 am
Nwa one ofe nnmanu tell us what you approve
Raliegh Kalu
October 13, 2017 at 10:08 am
Keep deceiving your selves
Frank Emela Njoku
October 13, 2017 at 10:06 am
Yet to see a Yoruba man who is trustworthy. Shame!!!
Chisom Uzoma
October 13, 2017 at 10:04 am
HAHAHAHA! do u exist in two types and with two (2) idionsyncrasy. NON SENSE
Itz General
October 13, 2017 at 10:02 am
Confusion just full nigeria
Uche Okwuoha
October 13, 2017 at 10:01 am
Death to one Nigeria 4ever
Necus Bets Ubua
October 13, 2017 at 10:01 am
pastor pastor pastor. keep praying for one Nigeria oooooo
Duru Chinedu
October 13, 2017 at 10:00 am
Today you will say you approve it
The next day you will still say you did not approve it
Welcome to the zoo
Prince Macedon Nwa Ezeja
October 13, 2017 at 9:59 am
Hahahahaha osetigo
Tony Oyeh
October 13, 2017 at 9:57 am
All of una na dsame. Liars, deceits and propagandists.
Henry-Paloka Adimonye
October 13, 2017 at 9:57 am
We all know, the cabals want to use u as a cover up tool. Shame to Buhari .
Audu Sunnie
October 13, 2017 at 9:56 am
Na me approve am, no nobi me approve am” na how we go take understand oga?
Chinyere Eze
October 13, 2017 at 9:55 am
Pastor u better lead well beore the anger of God be upon u
Christopher Ochini
October 13, 2017 at 9:55 am
Good
Propht Samuel Oduma
October 13, 2017 at 9:54 am
I am the time the one that approved it
Kelvin Ikiogha Ebidah
October 13, 2017 at 9:54 am
pastor wash your hand commot oh. make buhari and his gang of thieves dey fool there selves
Chukwunwike Nwa Amawbia Egwuonwu
October 13, 2017 at 9:52 am
Coordinator
Kelechi Nwachineke Ipob
October 13, 2017 at 9:52 am
It is better you stay at home on Nov 18, because i am very much sure that Nigerian military will attempt to kill more hundreds of Biafrans again. For Safety, please stay in your home on Nov 18 simple.