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Kachikwu writes Buhari, protests high-handedness, laurels of $25b contracts past times NNPC GMD without due process

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Fresh crisis has erupted betwixt the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu as well as the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru.

Kachikwu defendant the GMD of awarding $25billion contracts without consulting either his share or the NNPC Board.

He too defendant Baru of alleged insubordination, lack of adherence to due procedure as well as running a “bravado management style.”

Kachikwu said he was existence sidelined past times the GMD as well as other heads of parastatals on major decisions as well as appointments.

He asked President Muhammadu Buhari to telephone telephone the NNPC main to order.

He too presented 5 prayers to President to salve the crude sector from collapse.


The government minister said he was ever blocked from seeing the President.

Kachikwu, inwards a alphabetic lineament dated August 30, 2017 as well as addressed to President Muhammadu Buhari, said: “Mr President inwards over ane twelvemonth of Dr baru’s tenure, no contract has been move through the NNPC board.

“The legal as well as procedural requirement is that all contracts higher upwards $20m would demand to live reviewed as well as approved past times the board of NNPC.”

“This is despite my diplomatic encouragement to Dr Baru to produce as well as thus to avoid wrongfully paradigm you lot every bit a President who does non allow due procedure to thrive inwards NNPC.

“Given the history of malpractices as well as Blue Planet perception of NNPC every bit having a history of non-transparency, the NNPC tenders board, NTB, cannot live the lastly clearance say-so for contracts it enters into.”

“The next major contracts were never reviewed past times or discussed alongside me or the NNPC board:

“1, The Crude Term Contracts valued at over $10billion;

“2, The DSDP Contracts alongside over $5billion;

“3,The Akk Pipeline Contract valued at $3billion;
4. Various financing resources allotment funding contracts alongside the NOCs- value over $3bn


5. Various NPDC production service contracts- value at over $3bn-$4bn

Find copies of the alphabetic lineament below:











Sumber http://www.adeolafayehun.com/

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