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Friday 6 October 2017

Kachikwu Arrives Presidential Villa Over $25bn Contracts Scandal

The President is currently in a meeting with the Minister of State for Petroleum Resources Dr. Emmanuel Ibe Kachikwu. 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.
In the August 30 correspondence, Mr. Kachikwu said Mr. Baru circumvented extant procurement regulations in awarding a series of contracts up to $25 billion —or N9 trillion at prevailing exchange rate of N360 to a dollar— warning of grave consequences the decisions could wreak if allowed to stand.
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Edited by: Endy Edeson
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FACEBOOK COMMENTS

Henry Bassey

I think they should carry the people along
1

Endy Edeson

@Henry; As in how?

Johnson Ahile

too much problem in Nigeria

Enyinda Nathaniel Okey

Outcome. What outcome? There is no damage control that can hide d truth in the letter. All that govt does is to be reactive and never proactive. When madam Taraba wanted to expose ElRufai..govt killed d matter..but we know better now about d Chibok saga. So..nnpc, now we know better as well.
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Henry Sunday

Buhari reject kachikwu resignation.
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Counsellor Uyiosasere Eboigbe

Na wa ooooooo
LikeReactReplyDeleteReport10 hours ago

Jeremiah Ademolu

At the end they will sweep the case under carpet, like the money discovered in ikoyi

Olabisi Oreyomi

Mr. President's integrity is at stake with his decision on this matter.
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Endy Edeson

UPDATE; Kachikwu keeps mum after meeting with Buhari in Aso Rock Abuja - The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu on Friday kept mum over the outcome of his meeting with President Muhammadu Buhari. He had met behind closed doors with the President at the Presidential Villa, Abuja. Kachikwu, who arrived Aso Rock around 11.30a. m. left around 12:50 p.m He simply said “No comment” when approached by journalists as he walked out of the President’s office with the Special Adviser to the President on Media and publicity, Femi Adesina.

Counsellor Uyiosasere Eboigbe

Meaning oga just told him not to push any more Nigeria

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