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Osinbajo Denies Approving NNPC Contracts But Two Loans - Politics (2) - Nairaland

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Kiki Osinbajo Denies Owning N800m House In Abuja, Slams Jackson Ude / Osinbajo Denies Receiving ₦4 Billion From Ibrahim Magu / NNPC Contracts: Office Of The Vice President Press Release (2) (3) (4)

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Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by Clerverly: 6:31pm On Oct 12, 2017
secretsuccess:

Why are you so mischievious...osibanjo denied approving any contract...and you are already converting contract to loan.. The question should be who now approved the contracts

Please which contract again? cheesy cheesy

President Muhammadu Buhari was granting approvals for oil deals to the Nigerian National Petroleum Corporation during the time he was on his sick bed in London – and when he had relinquished presidential powers to his Vice President – the head, Maikanti Baru, has indicated.
Mr. Baru said Mr. Buhari approved at least two separate oil contracts on July 10 and July 31 worth $1 billion and $780 million, respectively.
The N640.8 billion contracts (at N360/$ exchange rate) were approved when Mr. Buhari was receiving treatment for undisclosed ailments in London, and when he was not supposed to be exercising presidential powers, having named Vice President Yemi Osinbajo acting president in a formal correspondence to the National Assembly.
Mr. Buhari was flown to London on May 7, barely two months after he returned from his first 2017 medical vacation which saw him spend 50 days in the United Kingdom.
On May 9, a letter Mr. Buhari wrote to the Speaker of the House of Representatives and President of the Senate notifying them that he had relinquished presidential authorities in accordance with the Nigerian Constitution was read on the floor of both chambers.
Despite rumours of his early return, Mr. Buhari ultimately spent 103 days receiving treatment in London, returning on August 19.
On August 21, the president notified the National Assembly of his return in writing, saying he had “resumed” his “functions as the President of the Federal Republic of Nigeria with effect from Monday, 21st August, 2017.”
THE CONTRACTS


But on Monday, Mr. Baru revealed that Mr. Buhari had been exercising presidential powers by granting approvals for NNPC joint venture contracts when he was supposedly on his sickbed and not exercising presidential powers.
Mr. Baru gave details of the contracts as follows:
Search:
S/N PROJECT Amount (US$mn) APPROVALS LOAN EXECUTED BY
NTB PRESIDENTIAL
1. NNPC/CNL JV Project Cheetah 1200 16/04/15 01/09/15 Dr. E. I. Kachikwu
2. NNPC/CNL JV Project Falcon 780 26/04/17 31/07/17 Dr. M. K. Baru
3. NNPC/SPDC JV Project Santolina 1000 26/04/17 10/07/17 Dr. M. K. Baru
TOTAL 2980

Showing 1 to 5 of 5 entries

(CNL refers to Chevron Nigeria Limited, SPDC to Shell Petroleum Development Company and JV to Joint Venture).
The disclosures were made when the NNPC responded – on behalf of Mr. Baru – to the allegations of contract fraud and insubordination raised by Ibe Kachikwu.
Mr. Kachikwu, the Minister of State for Petroleum Resources, had in an August 30 memo to Mr. Buhari said Mr. Baru unilaterally approved contracts without recourse to him or the NNPC board, amongst other concerns. The memo surfaced on social media on October 3, sending ripples through the country’s polity.
On October 9, the NNPC responded to Mr. Kachikwu’s allegations by publishing the above contract details, which it said was at the instance of Mr. Buhari, who had kept mum since the scandal broke.
But a look at the dates of the three contracts shows that two of them received presidential approval on dates Mr. Buhari was not in the country, July 31 for the second contract with Chevron Nigeria and July 10 for the contract with Shell. Mr. Baru’s name was placed against the contracts as the person who administered the contract in his capacity as the Group Managing Director of the NNPC.
Ibe Kachikwu [Photo Credit: THISDAYLIVE]
Only the September 1, 2015, contract which Mr. Kachikwu oversaw during his tenure as the GMD of NNPC received presidential approval on a date Mr. Buhari was in the country and wielding presidential powers.
A compilation of Mr. Buhari’s travels reveals that he was in the country from early August 2015 when he returned from Cotonou until September 7 when he visited Accra.
But while it is clear that the presidential approval granted when Mr. Kachikwu was the head of NNPC happened when Mr. Buhari was exercising presidential powers; it appeared like Mr. Baru received his approval when Mr. Buhari was in London.
GETTING OSINBAJO’S CONSENT
In his memo to Mr. Buhari, Mr. Kachikwu stated that when Mr. Buhari was unwell in London for several months between May and August, Mr. Baru tried to get direct approval from Acting President Osinbajo for some personnel changes at the NNPC.


But Mr. Osinbajo asked Mr. Baru to go back to Mr. Kachikwu and get his input and approval first before making the changes. Mr. Baru refused to consult Mr. Kachikwu on that.
For weeks, the changes were not made, until Mr. Buhari returned on August 19. By August 29, Mr. Baru announced the changes.
This prompted Mr. Kachikwu’s letter to the president on August 30, complaining that he learnt of the development in the media.
Sources at the presidency corroborated Mr. Kachikwu’s claim that Mr. Osinbajo rebuffed Mr. Baru’s attempts to get presidential approval behind Mr. Kachikwu.

Neither the vice president’s office nor Mr. Baru also denied that claim by Mr. Kachikwu.
It is not immediately clear if Mr. Baru also attempted to get approval for the multi-billion dollar contracts from Mr. Osinbajo. But presidency sources said it was unlikely that Mr. Osinbajo, who did not allow Mr. Baru to make personnel changes, would allow the NNPC GMD to circumvent Mr. Kachikwu with such high-profile contracts.

Ndu Ughamadu, spokesperson for the NNPC, would not confirm or deny if Mr. Baru got the approval from Mr. Buhari in London.
“Presidential approval is presidential approval,” Mr. Ughamadu said.
When PREMIUM TIMES reminded him of potential legal implications of Mr. Buhari exercising presidential powers even when he had relinquished same in accordance with the constitution, Mr. Ughamadu dug his heels in.
“Presidential approval is presidential approval,” the spokesperson insisted.
For several hours on Tuesday, presidential spokespersons Femi Adesina and Garba Shehu, did not respond to PREMIUM TIMES’ requests seeking their comments about this and other problematic parts of the NNPC revelations.
Sola Adebawo, Director of Communications at Chevron, did not immediately respond to PREMIUM TIMES’ requests for comments Tuesday evening. His counterpart at Shell Nigeria, Bamidele Odugbesan, simply told PREMIUM TIMES to “direct enquiries to relevant government authorities.”
Maikanti Baru
Yet, the N640.8 billion oil contracts might not be the only one Mr. Baru got Mr. Buhari to approve while he was still unwell in London.


For instance, the NNPC announced on February 2 ‎that it received 128 bids from local and international firms willing to participate in its 2017-2018 Direct-Sale–Direct-Purchase crude programme, which was adopted by the Buhari administration last year to replace the crude oil swap initiative and the offshore processing arrangement.
Mr. Buhari was not around in on February 2 when the announcement was made, having been flown to London on January 19 for his first medical trip of the year. He didn’t return to the country until March.

On May 19, when NNPC sources told Daily Trust and a few other media houses that it had finally entered into a $6 billion deal with 10 companies for 2017-2018 edition of DSDP contracts, Mr. Buhari was also not in the country.‎
The NNPC spokesperson declined comments about DSDP contracts.
LEGAL EXPERT WEIGHS IN
Mr. Kachikwu previously doubled as the Minister of State for Petroleum and GMD of NNPC until he was relieved of the latter post by Mr. Buhari on June 4, 2016, same day Mr. Baru was named as a replacement.
When Mr. Buhari named Mr. Baru the GMD, he made Mr. Kachikwu the chairman of the NNPC board.
The NNPC Act designates the board to oversee the affairs of the state-owned oil giant

https://www.premiumtimesng.com/news/headlines/245722-buhari-approved-n640-billion-oil-contracts-sick-bed-london-nnpc-chief-baru-indicates.html
Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by HITTED(m): 6:34pm On Oct 12, 2017
[s]
vedaxcool:


You liars live a sad life. Medic save him!
[/s]
Fvck off, zombie!

9 Likes 1 Share

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by aribisala0(m): 6:37pm On Oct 12, 2017
Clerverly:


So it was not even a procurement contract, as we were misled to believe?

Ordinary joint venture agreement!

Mtcheww!
It ? What is it ? Does this release tell you that there were no procurement contracts?

As far as I can see this is a partial answer.
Osinbajo has said what HE did period. Do not stretch that to mean any more than that. Nigerians may be docile but they are not stupid. What is required is TOTAL disclosure

6 Likes 2 Shares

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by aolawale025: 6:38pm On Oct 12, 2017
eagleeye2:

Please provide a good source for this topic to fly.

You may have to check the VP media aide twitter page
Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by HITTED(m): 6:38pm On Oct 12, 2017
[s]
Clerverly:


Ipob yoot, the so called contract, was the joint Venture loan bewteen NNPC, shell AND CHEVRON valued at 630 Billion! It was not a procurement contract, as you were to believe! Deluded ipob yoot!
[/s]

This doesn't answer my question, keep shifting posts. If Osibanjo was referring to the 630 billion he could have given analysis of the divide since it's two contracts as you claim.

Point that out or keep shut.

13 Likes 2 Shares

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by chiagozien(m): 6:39pm On Oct 12, 2017
Is there any different between apc and pdp.

2 Likes

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by HITTED(m): 6:41pm On Oct 12, 2017
aribisala0:
It ? What is it ? Does this release tell you that there were no procurement contracts?

As far as I can see this is a partial answer.
Osinbajo has said what HE did period. Do not stretch that to mean any more than that. Nigerians may be docile but they are not stupid. What is required is TOTAL disclosure
Don't mind the zombies trying to shift goalposts.

5 Likes

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by obonujoker(m): 6:49pm On Oct 12, 2017
Clerverly:
[s][/s]

Did you even read article? The so called 640Billion Naira Contract being bandied about was just an Ordinary joint Venture Loan Between NNPC and Shell and NNPC and Chevron!

Go school , you go dey follow Nnamdi Kanu up and down!

Buhari is stained Oga, there is nothing you can do to cleanse it.....

8 Likes 1 Share

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by SalamRushdie: 6:50pm On Oct 12, 2017
Clerverly:


So it was not even a procurement contract, as we were misled to believe?

Ordinary joint venture agreement!

Mtcheww!
Joint venture between who and who PLEASE

5 Likes 1 Share

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by Clerverly: 6:50pm On Oct 12, 2017
obonujoker:


Buhari is stained Oga, there is nothing you can do to cleanse it.....

in the eyes of Ipob terrorists? grin grin grin grin grin

2 Likes 1 Share

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by obonujoker(m): 6:52pm On Oct 12, 2017
Clerverly:


in the eyes of Ipob terrorists? grin grin grin grin grin

Ma ma she bi Ode.... Buhari is a Nigerian politician, he is therefore a thief..... so gbenu sibi nkan....

5 Likes

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by Clerverly: 6:52pm On Oct 12, 2017
SalamRushdie:

Joint venture between who and who PLEASE

Go and read the initial news from the premuimtimes, i highlighted it above....

1 Like

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by hucienda: 6:56pm On Oct 12, 2017
The zombies are struggling to keep up with the conflicting messages coming from the camp of their lord and master.

6 Likes 1 Share

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by sanpipita(m): 7:26pm On Oct 12, 2017
eagleeye2:
Please provide a good source for this topic to fly.
Go to punch website or twitter handle the news is there
Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by chloride6: 7:56pm On Oct 12, 2017
I.dio.t I thought you wanted to be rope yourself

grin

1 Like

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by jonnytad(m): 7:56pm On Oct 12, 2017
Hahahahahah. ..... Osinbajo get too much brain. He can't be dragged.

2 Likes

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by Lomprico2: 7:56pm On Oct 12, 2017
Hahahahahahaha

Drama!!!

I trust Osy! cheesy

1 Like

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by jashar(f): 7:56pm On Oct 12, 2017
All I see is propaganda...

2 Likes

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by blowjob: 7:57pm On Oct 12, 2017
200MILLION MUMU... angry

1 Like

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by Lomprico2: 7:58pm On Oct 12, 2017
Clerverly:
[s][/s]

Did you even read article? The so called 640Billion Naira Contract being bandied about was just an Ordinary joint Venture Loan Between NNPC and Shell and NNPC and Chevron!

Go school , you go dey follow Nnamdi Kanu up and down!

Try get shame small nah! grin grin grin

7 Likes

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by Paperwhite(m): 8:01pm On Oct 12, 2017
Chai! APC-Simply spinning corruption out of corruption.What a fatal phenomenon in our national life.

2 Likes

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by Paperwhite(m): 8:03pm On Oct 12, 2017
hucienda:
The zombies are struggling to keep up with the conflicting messages coming from the camp of their lord and master.
I'm telling you bro.Noticed the fanatic ones have opted to use their reserved monikas? More confusion to their medulla oblongata.

9 Likes

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by Nobody: 8:04pm On Oct 12, 2017
This clerverly of a guy is working hand to hand with sarki as the dumbest people alive. dumb like a rock.

13 Likes

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by free2ryhme: 8:05pm On Oct 12, 2017
Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by femi4love(m): 8:05pm On Oct 12, 2017
aolawale025:
It's gets messier! So who approved the contracts

The contracts were approved by "Mr. ThemoreUlook De'LessUsee" grin

4 Likes

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by Arysexy(m): 8:06pm On Oct 12, 2017
Afonja oya come and attack osinbade and defend ur lord and personal saviour, mu.muhari
Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by Nobody: 8:07pm On Oct 12, 2017
The northerners are using buhari to lootdry this country. The day all south will speak in one voice that is the day this born to rule syndrome will cope its end.

6 Likes 2 Shares

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by kudosamass(m): 8:09pm On Oct 12, 2017
The way and manner the FG is desperately trying to explain, or, cover, or, burry , or, bulldoze this matter shows that there is more to it than meet the eyes!
Poor Nigeria! Pity u!

6 Likes

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by Clerverly: 8:11pm On Oct 12, 2017
beamtopola:
This clerverly of a guy is working hand to hand with sarki as the dumbest people alive. dumb like a rock.

I know those terminologies are way beyond your level of assimilation! ipob yoot!

1 Like

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by Raziii(m): 8:12pm On Oct 12, 2017
What is Nigeria?
Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by sanpipita(m): 8:15pm On Oct 12, 2017
HITTED:
[s][/s]

This doesn't answer my question, keep shifting posts. If Osibanjo was referring to the 630 billion he could have given analysis of the divide since it's two contracts as you claim.

Point that out or keep shut.

Let's agree its all about loans, Osinbajo said he approved two loans so who approved the rest? these liars don't realize more they lie more they raise more questions for themselves, Kachikwu specifically mentioned contracts anyway

3 Likes 1 Share

Re: Osinbajo Denies Approving NNPC Contracts But Two Loans by Guyman02: 8:18pm On Oct 12, 2017
Laolu Akande has messed himself up by releasing a statement not approved by his principal.
Incompetence in his line of duty, I am sure he will be queried for this gaffe. angry

2 Likes

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