OSINBAJO, NOT BUHARI APPROVED N640BN OIL CONTRACT FOR NNPC – PRESIDENCY

ABUJA, Nigeria – The Presidency today absolved President Muhammadu Buhari from the award of N640 billion oil contract for the Nigerian National Petroleum Corporation, NNPC.

In a statement, Media Assistant to Vice President Laolu Akande, said Mr. Osinbajo approved the contracts in his capacity as acting president in July, while Buhari was away in London.

An online Newspaper had on Wednesday stated that the President approved the contracts from his sick bed in London, a claim it said was amplified from the response of the NNPC to the allegations contained in the leaked memo of the Minister of State for Petroleum, Ibe Kachikwu.

“In response to media inquiries on NNPC joint venture financing, VP Osinbajo, as Ag President approved recommendations after due diligence,” Mr. Akande said.