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Nairaland Forum / Nairaland / General / Politics / Why Buhari's Order To Dissolve NNPC Board Is A Formalty (505 Views)
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Why Buhari's Order To Dissolve NNPC Board Is A Formalty by sayyid(m): 3:00pm On Jun 28, 2015 |
Two members of the former president Goodluck Jonathan’s administration have reacted to Friday’s order by President Muhammadu Buhari to dissolve the board of the Nigerian National Petroleum Corporation (NNPC). The officials of the previous cabinet shared their views with a correspondent of Sahara Reporters on condition of anonymity. They noted that that there was no reason for President Buhari to send a letter to the board of the NNPC to dissolve it. “That act [President Buhari’s dissolution of the NNPC board] is null since there was no board in place after the former Petroleum Minister Diezani Alison-Madueke left office,” one of the sources said. According to the Petroleum Act, the NNPC board stood dissolved the moment the minister of petroleum resources left her office on May 29, 2015, the day when the tenure of the current president started. A second speaker, who was connected to the dismissed board, said that the last administration left USD5 billion in the accounts for the Buhari government. The funds were formed by dividends from liquefied natural gas sales. However, Babs Omotowa, the chief executive of the Nigerian Liquefied Natural Gas company (NLNG), claimed that the company paid USD1.6 billion in dividends to the new government. The NLNG is a joint venture between the Nigerian government and multinational oil companies. This figure contradicts the amount named by Jonathan’s official. The speaker said this contradiction can be explained in two ways. Either President Buhari was hiding the correct amount paid to his government in order to justify his claim of inheriting “an empty treasury” , or the NLNG was playing a game on Nigerians. |
Re: Why Buhari's Order To Dissolve NNPC Board Is A Formalty by missbehave247(m): 3:01pm On Jun 28, 2015 |
Source? |
Re: Why Buhari's Order To Dissolve NNPC Board Is A Formalty by Nobody: 3:01pm On Jun 28, 2015 |
which one pesin go believe now? |
Re: Why Buhari's Order To Dissolve NNPC Board Is A Formalty by sayyid(m): 3:08pm On Jun 28, 2015 |
sayyid:Naij.com news , Sahara Reporters |
Re: Why Buhari's Order To Dissolve NNPC Board Is A Formalty by sayyid(m): 3:08pm On Jun 28, 2015 |
sayyid:Naij.com news , Sahara Reporters |
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