Exclusive: How Buhari Traded NNPC GMD Position for Campaign Funding


President Muhammadu Buhari on Tuesday approved the appointment of Executive Vice Chairman of ExxonMobil Africa, Emmanuel Ibe Kachikwu, as Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC).

This however did not come without some high level political horse trading that puts President Buhari’s celebrated integrity at stake, the Nigerian Times investigation can reliably reveal.

Nigerian Times can disclose that Kachikwu who has before the dissolution of the board of the NNPC been behind most of the administration’s directives in the oil and gas sector is the candidate of the biggest private players in the sector; the unabashed controllers of Nigeria’s hydro-carbon destiny.

Kachikwu was introduced to Buhari by a group of oil block owners that comprise of former President Ibrahim Babangida,his side kick business magnate, Nuel Ojei and Gen Theophilus Danjuma (rtd) before the elections. It wasn’t their first try.

Around 2013, the triumvirate met with then President Goodluck Jonathan and made him a proposal: accept Dr Kachikwu as Petroleum Minister in place of Deziani Alison-Madueke and they would back him maximally in the 2015 elections. The negotiations dragged on and finally collapsed when President Jonathan called it off.

Then as the 2015 elections loomed and Buhari’s campaign had to contend with serious financial constraints, he turned to Gen. T. Y. Danjuma for help. Danjuma invited his friends, Babangida and Nuel Ojei for a meeting where a decision was taken to present their botched plan with Jonathan to Buhari.

Buhari accepted to give them the position of the petroleum minister as a reward for their funding. Thereafter billions of Naira flowed into the Buhari campaign. Indeed the group also contributed to the Jonathan campaign.

After Buhari’s inauguration, the triumvirate met him with their candidate in attendance. Sources abreast of the negotiations told the Nigerian Times that Buhari announced to the group a slight change in the plan. According to the source, he told them that a group he referred to as “my people” would not agree to cede the position to them as originally planned.

Danjuma was left fuming and was said to have challenged Buhari to be the man he claims to be by keeping to the original agreement. The President offered the GMD’s position which was flatly rejected. To juice up his offer, he promised both the GMD and minister of state, petroleum. Danjuma was said to have pointed out the sheer clumsiness of the proposal. That was the point IBB took over a mediatory role. It was not clear at press time if the additional offer of minister of state, petroleum was still on the table.

Kachikwu, a respected operator in the industry owes his rise in the industry to his beautiful mind and an array of godfathers in the industry. Nuel Ojei is the Delta State born oil industry player who came into untold riches when IBB was president. Even though, Buhari has repeatedly restated his readiness to fight vested interest, the latest appointment simply goes to show how those interests could easily overwhelm.

Kachikwu hails from Onicha-Ugbo in Delta State and a First Class Graduate of Law from the University of Nigeria, Nsukka and the Nigerian Law School.

The new NNPC Chief Executive also has Masters and Doctorate Degrees in Law from Harvard Law School.

Source:http://nigeriantimes.ng/news/exclusive-how-buhari-traded-nnpc-gmd-position-for-campaign-funding/

Just imagine the lengths enemies of our progress will go to frustrate the gains we are slowly and steadily recording.

Who can look at Kachikwu's qualifications and not be wowed by his brilliance? Now they are attempting to use his valuable experience in the oil industry against him.

Which one is Nigerian Times Lies by the way? TANoids have struck again.

Lol. Another Lie, lie news from a tanoid Sahara Reporters-wannabe fake news source.

ehnn

G

fulanimafia:

hmm na wa o

If he was from the north, the issue would have been a story of noethern Agenda to rule Nigeria, now he is igbo and you have raised another issue.
Life season: Wailers would always wail no matter what you do to satisfy their wailing

PDP lies......it is clear that no matter how you chase a goat it will always do the same thing....tanoid will never change even if GOD join APC

Flyoruboy:
Lol. Lie, lie news from tanoids.

Walahi, u no get sense

Well, many will not be surprised to hear this news. The only thing that perhaps will be strange to many is when we are told that the President is corruption free. From all indication most supporters of the President will not be happy with recent happenings in the polity.

himkers:


Walahi, u no get sense

Your fada.

once I googled about Kachikwu daughter wedding and d pictures with IBB in 2013; I screamed IBB again. Dia might be some truth in this info though I wish him well

https://www.nairaland.com/2502027/two-guys-caught-wearing-pampers. Shocking photo of Two guys caught wearing pampers. Reporter Anns

[size=30pt]Confused Dullard[/size]

I will believe this, when femi adesina or garba shehu tweet it.

podosci:
...Wailers would always wail no matter what you do to satisfy their wailing

True, very true!

gist from a Nigerian end time news media. They will always seek popularity by fine tuning their false report with the trending news.

Abegiii

Nigeriantimes ko, Nigerianclock ni

People will cry no matter the news.. Good or bad, they will cry.. That's their destiny in life, to cry.

on one hand, they say Amaechi sponsored Buhari's campaign, on the other they say it tinubu and now the bring this out of their ass hole

And some useless NL mod will push dis trash to fornt page.. sometimes I wonder if NL is anti PMB.

Plus dis is a lesson to all of us... no matter what u do. U can never please a fellow human being, just do d right thing n let d mofos keep hating.

This is false and a misunderstanding of the current situation. Mr Ibe was selected after a meeting involving the president and US republican congressman and chairman of the house committee on oversight and reform Mr Darrel Issa. The congressman put pressure on PMB by offering to mediate on his behalf on the leahy act issue which stands in the way of an arms agreement with the US. PMB was boxed in a corner and had no choice after the futile trip to the US to seek a arms agreement with the Democrat executive. This was caused by the incompetence of the President's aides and their inability to realise that Capitol hill is presently controlled by a republican majority . Mr Ibe was in no way PMB's choice and in a year or two this fact will be made clear by the GMD's actions

fulanimafia:
Just imagine the lengths enemies of our progress will go to frustrate the gains we are slowly and steadily recording.

Who can look at Kachikwu's qualifications and not be wowed by his brilliance? Now they are attempting to use his valuable experience in the oil industry against him.

Which one is Nigerian Times Lies by the way? TANoids have struck again.

you think experience matters in buying and selling of essential commodity that you control monopoly of

Abeg when will they negotiate and include my name?

I'd love to be the GMD too!

Which one is Nigerian times? Twin brother of breaking times
I thought they said it was Amaechi that bankrolled APC campaign?
Now it's IBB and Abdusalam.
Lies and propaganda. Una go tire

rusher14:
Why didn't they report this before his appointment?

I wonder

We are back to the gutters and chains of the oil cabal

Yes I said it

Signed

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