Throwback:


Stick to factual matters, there is no missing $25b nor non-existing contract awarded by NNPC. Stop inventing scandals that do not exist. No single stakeholder in the petroleum industry has made allegations of any missing money or ghost contracts. Learn to understand what a debate is about before contributing an aimless opinion on the matter.

The NNPC debate concerns abuse of power and insubordination allegations. Allegations that NNPC has already defended with evidence to suggest Kachikwu did not have the powers he thought he had, as such his approval was not required, and where higher approvals were required, they were at a level higher than Kachikwu's post as Junior Minister / NNPC board chairman.

NNPC has maintained its stand, while Kachikwu has maintained his own, and both sides have agreed to differ and move on.

Kachikwu who authored the memo has already clarified this matter about false assertions of missing funds, but it seems you are a soldier who has been mobilised to "go" but cannot process "come" once you already set off.

I repeat, stick to factual scandals without trying to embellish with false assumptions, an already rich portfolio of real scandals, lest you rubbish what should be an already damning case file.

The contract doesn't exist because Baru diverted the $25b to fund buhari's 2019 second term ambition.Nnpc board are his accomplices that is why they are shielding him so that their own yansh will not be open.

comshots:
The contract doesn't exist because Baru diverted the $25b to fund buhari's 2019 second term ambition.Nnpc board are his accomplices that is why they are shielding him so that their own yansh will not be open.

But Kachikwu has not alleged that those contracts did not exist. He has only challenged his non-involvement in the approval process. An approval NNPC has insisted they did not require.

Kachikwu himself is the head of the NNPC board, and he also recommended firms for contracts, and his recommendations were found to be objective and conforming to due process, so they were considered.

Kachikwu made his own arguments, while NNPC and Baru also made theirs.

Nobody has accused anyone of theft or missing money or ghost contracts.

Yes the process employed has been challenged, but it was defended with documentary evidence of existing regulations that Baru did not invent.

Baru does not regard Kachikwu's supervisory authority, while Kachikwu insists he has authority. That is the subject of the debate.

walex2:


Give your opinion about the constituting of members of tender board which are predominantly northerners without NNPC board approval

Those are the matters we should be discussing, not a non existent missing funds.

Now to the matter, who constituted the tenders board?

Is the composition of such board not subject to the rules of federal character? If it is, what is the federal character commission and presidency doing about any allegation as to the impropriety of the current composition of the board?

Is there no senate or reps committee on the oil industry that can check the excesses that may exist in the NNPC, including who has authority or not to approve contracts beyond certain thresholds.

Throwback:


But Kachikwu has not alleged that those contracts did not exist. He has only challenged his non-involvement in the approval process. An approval NNPC has insisted they did not require.

Kachikwu himself is the head of the NNPC board, and he also recommended firms for contracts, and his recommendations were found to be objective and conforming to due process, so they were considered.

Kachikwu made his own arguments, while NNPC and Baru also made theirs.

Nobody has accused anyone of theft or missing money or ghost contracts.

Yes the process employed has been challenged, but it was defended with documentary evidence of existing regulations that Baru did not invent.

Baru does not regard Kachikwu's supervisory authority, while Kachikwu insists he has authority. That is the subject of the debate.

You are doing your job as a BMC.Kudos

comshots:
You are doing your job as a BMC.Kudos

I am defending objectivity and rational thought.

Wait till there is a case of missing funds before you begin to celebrate and pass on the baton from PDP to APC.

Throwback:


Those are the matters we should be discussing, not a non existent missing funds.

Now to the matter, who constituted the tenders board?

Is the composition of such board not subject to the rules of federal character? If it is, what is the federal character commission and presidency doing about any allegation as to the impropriety of the current composition of the board?

Is there no senate or reps committee on the oil industry that can check the excesses that may exist in the NNPC, including who has authority or not to approve contracts beyond certain thresholds.

this is a general response to your attempt to defend the Baru NNPC contract debacle & regurgitate rumours of the past that have been proven to be steeped in lies & deceits.

first off, Sanusi, who was been probed by the FRN, reeled out figures that were inconsistent, unverifiable & designed to embarrass. if you noticed most of his statements, he always said 'by MY calculations'... not calculations of experts in the CBN, not those of experts in the oil industry, or an audit firm, but his own estimates;

secondly, based on his accusations, two very reputable audit firms were contracted to verify Sanusi's claims & it stated, in summary, that only about $1.5b could not be reconciled, not missing, but not reconciled. a sum of about $6/7b was to be paid to the FG coffers as it was illegally withheld by the NNPC, not missing or stolen, just withheld. that report is in the custody of this government...

thirdly, another audit was set up by this government & even Oshiomole headed a panel to review the activities of NNPC during the years 2011-2014, this was late 2015... yet no report. knowing the way this government works, if it had a smoking gun, it would have exposed various indicting reports.

but don't get me wrong, NNPC was corrupt under GEJ as it has been under governments before GEJ & as it is under PMB...

now to the Baru issue.

it is true Kachikwu never said money was missing... but only a dyed in the whole hypocrite would not see that Kachikwu is pointing out that huge contracts are being awarded & the necessary body to vet that process has not been carried along.

PMB does not have the head for technicalities, as such, it is easy for Baru to bamboozle him, but Baru knows that the Board can detect whatever inflations that would have been made.

mind you, the clause which allows Baru to deal directly with the Minister was put in place with the logical mindset that the minister should be someone who is knowledgeable in the oil & gas sector, or at least has a good grasp of the peculiarities of oil administration & is thorough in vetting & not a dundee like the present minister.

ivandragon:



this is a general response to your attempt to defend the Baru NNPC contract debacle & regurgitate rumours of the past that have been proven to be steeped in lies & deceits.

first off, Sanusi, who was been probed by the FRN, reeled out figures that were inconsistent, unverifiable & designed to embarrass. if you noticed most of his statements, he always said 'by MY calculations'... not calculations of experts in the CBN, not those of experts in the oil industry, or an audit firm, but his own estimates;

secondly, based on his accusations, two very reputable audit firms were contracted to verify Sanusi's claims & it stated, in summary, that only about $1.5b could not be reconciled, not missing, but not reconciled. a sum of about $6/7b was to be paid to the FG coffers as it was illegally withheld by the NNPC, not missing or stolen, just withheld. that report is in the custody of this government...

thirdly, another audit was set up by this government & even Oshiomole headed a panel to review the activities of NNPC during the years 2011-2014, this was late 2015... yet no report. knowing the way this government works, if it had a smoking gun, it would have exposed various indicting reports.

but don't get me wrong, NNPC was corrupt under GEJ as it has been under governments before GEJ & as it is under PMB...

now to the Baru issue.

it is true Kachikwu never said money was missing... but only a dyed in the whole hypocrite would not see that Kachikwu is pointing out that huge contracts are being awarded & the necessary body to vet that process has not been carried along.

PMB does not have the head for technicalities, as such, it is easy for Baru to bamboozle him, but Baru knows that the Board can detect whatever inflations that would have been made.

mind you, the clause which allows Baru to deal directly with the Minister was put in place with the logical mindset that the minister should be someone who is knowledgeable in the oil & gas sector, or at least has a good grasp of the peculiarities of oil administration & is thorough in vetting & not a dundee like the present minister.

I agree that Kachikwu's motive for challenging the ongoings at NNPC may be noble and may prevent any shady practices that might be perpetrated through the loopholes that currently exist.

Since it is now clear that Kachikwu as NNPC board chairman still does not have powers that a full petroleum minister would have even without the board chairmanship role, I have since posited that Buhari surrender the full control of that ministry to Kachikwu.

If Kachikwu was minister, Baru will have no direct link to the president, because even if he manages to avoid the NNPC board and its chairman, he must still depend on the Petroleum Minister office to sanction whatever proposals are made by the NNPC.

Buhari created the confusion and created the environment for all these allegations and counter allegations of insubordination or lack of due process in NNPC operations.

ivandragon:



this is a general response to your attempt to defend the Baru NNPC contract debacle & regurgitate rumours of the past that have been proven to be steeped in lies & deceits.

first off, Sanusi, who was been probed by the FRN, reeled out figures that were inconsistent, unverifiable & designed to embarrass. if you noticed most of his statements, he always said 'by MY calculations'... not calculations of experts in the CBN, not those of experts in the oil industry, or an audit firm, but his own estimates;

secondly, based on his accusations, two very reputable audit firms were contracted to verify Sanusi's claims & it stated, in summary, that only about $1.5b could not be reconciled, not missing, but not reconciled. a sum of about $6/7b was to be paid to the FG coffers as it was illegally withheld by the NNPC, not missing or stolen, just withheld. that report is in the custody of this government...

thirdly, another audit was set up by this government & even Oshiomole headed a panel to review the activities of NNPC during the years 2011-2014, this was late 2015... yet no report. knowing the way this government works, if it had a smoking gun, it would have exposed various indicting reports.

but don't get me wrong, NNPC was corrupt under GEJ as it has been under governments before GEJ & as it is under PMB...

now to the Baru issue.

it is true Kachikwu never said money was missing... but only a dyed in the whole hypocrite would not see that Kachikwu is pointing out that huge contracts are being awarded & the necessary body to vet that process has not been carried along.

PMB does not have the head for technicalities, as such, it is easy for Baru to bamboozle him, but Baru knows that the Board can detect whatever inflations that would have been made.

mind you, the clause which allows Baru to deal directly with the Minister was put in place with the logical mindset that the minister should be someone who is knowledgeable in the oil & gas sector, or at least has a good grasp of the peculiarities of oil administration & is thorough in vetting & not a dundee like the present minister.

Thank you! They're already saying that no money is missing without an audit by any of the big 3.. KPMG, PWC, Deloitte!
Also, Kachikwu is a well-rounded oil man. He knows his stuff more than a politically-appointed, Baru. Kachichukw had been NNPC GMD/Minister. Exxon VP, and now Minister of state for petroleum, who has administrative oversight power over NNPC.
How come Baru did not point out similar acts/functions that had been done by Kachichukw when he was GMD?

The point is that Baru awarded contracts without recourse to laid-down procedures and rules!!

BigIyanga:

Thank you! They're already saying that no money is missing without an audit by any of the big 3.. KPMG, PWC, Deloitte!
Also, Kachikwu is a well-rounded oil man. He knows his stuff more than a politically-appointed, Baru. Kachichukw had been NNPC GMD/Minister. Exxon VP, and now Minister of state for petroleum, who has administrative oversight power over NNPC.
How come Baru did not point out similar acts/functions that had been done by Kachichukw when he was GMD?

The point is that Baru awarded contracts without recourse to laid-down procedures and rules!!

true.


on a lighter note, how can a deputy director write "... I am directed to acknowledged..." instead of 'acknowledge'...

this is what happens when quota system & Federal Character is more important than merit...