Kachikwu:Baru,NNPC MD Awarded $25 Billion Contracts Without Due Process - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Kachikwu:Baru,NNPC MD Awarded $25 Billion Contracts Without Due Process (406 Views)
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| Kachikwu:Baru,NNPC MD Awarded $25 Billion Contracts Without Due Process by Nobody: 4:12pm On Oct 04, 2017 |
Kachikwu said against the rules, some major contracts were never reviewed or discussed with him or the board of NNPC. Some of these contracts, he stated, include the Crude Term contracts, valued at over $10bn; the DSDP contracts, valued at over $5bn; the AKK pipeline contract, valued at about $3bn; various financing allocation funding contracts with the NOCs, valued at over $3bn; various NPDC production service contracts, valued at over $3bn to $4bn. “The legal and procedural requirement is that all contracts above $20m would need to be reviewed and approved by the board of NNPC. Mr. President, in over one year of Mr Baru’s tenure, no contract has been run through the board. *The legal requirement is that ALL contracts above $20m are to be approved BY THE BOARD. But here we see contacts well over $25b were awarded without recourse to the board! This part of the memo borders on CORRUPTION and not just ethics! Hahaha! Where is Sagay?? Where is the 'independent' Magu  Fighting 'kwarafshun' not corruption abi?? Hahaha! I dey laff ooO! |
| Re: Kachikwu:Baru,NNPC MD Awarded $25 Billion Contracts Without Due Process by temblor1(m): 4:24pm On Oct 04, 2017 |
Men of INTEGRITY indeed. APC over to you. 1 Like |
| Re: Kachikwu:Baru,NNPC MD Awarded $25 Billion Contracts Without Due Process by BeardedMeat(m): 4:25pm On Oct 04, 2017 |
Kachiukwu had better shut up before Arewa yoots descend on him. |
| Re: Kachikwu:Baru,NNPC MD Awarded $25 Billion Contracts Without Due Process by Buharimustgo: 4:25pm On Oct 04, 2017 |
Jubril where is the missing 26billion dollars? You guys have stolen more than GEJ |
| Re: Kachikwu:Baru,NNPC MD Awarded $25 Billion Contracts Without Due Process by Nobody: 4:25pm On Oct 04, 2017 |
BeardedMeat:  1 Like |
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