Osinbajo gave approval for N640bn contracts – NNPC

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said two oil contracts worth N640 billion were granted approval by the Vice President, Yemi Osinbajo while he was acting President, Premium Times reports.

Background:

What NNPC said:

Spokesperson of the NNPC, Ndu Ughamadu said  “Acting President Yemi Osinbajo gave the approval.”

Recall that a critical analysis of the NNPC reply to Kachikwu showed that NNPC received presidential approvals for at least two contract awards during the time President Muhammadu Buhari was on medical leave in London.

The statement said NNPC received presidential approvals for two oil contracts on July 10 and July 31 worth $1 billion and $780 million, respectively, while Buhari was on medical leave.

When quizzed further, Ughamadu added, “Presidential approval is presidential approval.”

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