NNPC Says Osinbajo Gave Approval For N640 billion Contract

The Nigerian National Petroleum Corporation said, the presidential approvals it received for two oil contracts worth N640 billion were granted by Vice President Yemi Osinbajo during his time as acting president.

The “Acting President Yemi Osinbajo gave the approval,” Ndu Ughamadu, spokesperson for the NNPC said. But for the ensuing 10 hours, Mr. Osinbajo’s office could not confirm or counter the NNPC’s claim despite repeated requests from PREMIUM TIMES.

The NNPC’s statement on Wednesday after that of Tuesday and the presidency’s handling of the controversy surrounding the operations of the state-oil firm further highlight the opaque nature of the running of the corporation.

Mr. Ughamadu’s declaration comes hours after PREMIUM TIMES highlighted a critical aspect of a Monday morning statement by the NNPC which suggested that the state-run oil giant had received presidential approvals for at least two contract awards during the time President Muhammadu Buhari was on medical leave in London.

UCJ, UNILORIN.