₦airaland Forum

SalamRushdie:
Joint venture between who and who PLEASE

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

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

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

HITTED:
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Zombie, read and assimilate before you belch. At least, someone is paying you stipends for barking APC praises online.

There's nothing clear in the article. Osibanjo said he approved 2 joint venture loans for NNPC between Shell and Chevron but never quoted any figure. Or you can point me to where N640 billion was stated.

IPOBrep:
where did you see spdc and chevron in the write up ?

eagleeye2:
Please provide a good source for this topic to fly.

obonujoker:
Lol ....

Too many lies, too many games.....

They want to damage this man repute... APC eh, just accept Buhari is a crooked ole... stop bending the truth.....

seunmsg:
Cleverly, the vice president just clarified the point i was trying to make on the other thread. What was approved was a financing arrangement and not a contract for procurement. Only FEC can approve procurement contract of over $20million for NNPC and not the president/acting president.

writetopoker:
I thought you werè only stupid, but now I can see how idiotic and invalid you are

stobery:
Stop disgracing yourself up and down, that guy you quoted is more Buhari supporter than you are, but he knows when to support a govt and when not to

sanpipita:
Good now answer this poser if those contracts passed through FEC how come Kachikwu doesn't know about, if it passed through FEC why didn't NNPC/Baru atleast mention it in their response to Kachikwu, if you people are OK with corruption let's just say so, enough of the silly lies.

Typical NNPC Contracting Process

1. Approval of project proposal and contracting strategy by NTB.

2. Placement of adverts for expression of interest in electronic and print media.

3. Soliciting for tender (Technical and Commercial)

4. Tender evaluation

5. Tender approval by NTB for contracts within its threshold; otherwise

6. Obtain BPP certificate of no objection before presentation to FEC.

7. Present to FEC for approval.

All Contracts in NNPC follow the above procedure.

seunmsg:
This is not about Kachikwu but about due process. In my opinion, when buhari handed over and Osinbajo assumed the office of the acting president, Buhari still retained his portfolio as minister of petroleum. So, in the absence of the minister of petroleum, the minister of state should act in that capacity.

Cleverly, the answer to your question is also what i am seeking. Was there a FEC approval for the contracts? Who presented the memo to FEC on behalf of NNPC? Do you think FEC can approve contracts for NNPC without the knowledge of Kachikwu, a member of FEC? He even clearly wrote in his leaked memo that there was no FEC approval.

Finally, why can't Laolu Akande state clearly in this press statement that FEC approved the contract instead of Osinbajo? Is Osinbajo FEC?

SalamRushdie:
Oya tell Buhari to step down for Osinbanjo then because I know he will make a good leader , but that wicked Buhari can never agree

sanpipita:
Osinbajo knows the law reason its said he referred Baru back to Kachikwu when Baru came to him, now is there any evidence FEC approved those contracts, how did it happen FEC approved contracts and Kachikwu doesnt know about it, mind you nnpc never mentioned Osibanjo in their reply to kachikwu, lastly how is that Osinbajo who referred Baru back to Kachikwu is now claiming he approved the contracts, we know majority of nigerians are gullible, but they should stop insulting the intelligence of learned citizens like me.

luckyogor:
Vindicated as how,was due process followed,so an anomaly is deemed normal because the ag president agreed to stamping the project,where they not supposed to consult with the minister of state for petroleum before such deals are deemed okay,this is how people supported oduah and diezani when they where doing nonsense.we all need to be fair in assessing issues if really we want this nation to grow.

SalamRushdie:
I have never been a fan of Atiku but after experiencing Buhari's so called "Integrity " now I want to taste the so called Atikus corruption OOO since everybody is doing the opposite of what is expected after they are elected .

monex:
Baba forget IPOB terrorists and their matter first... do you really believe Osibanjo signed it?

seunmsg:
Which section of the constitution/BPP act gives the president/acting president powers to approve such contract on behalf of NNPC?

SalamRushdie:
Try and stand for the truth just once you will not die just try it and thank me later

Nbote:
Acting Resident zombie, Nairaland branch, we have seen u and acknowledge ur presence. Go and get more Vaseline. U think liking ur own posts means u have sense?? Nah

aolawale025:
Do sane Nigerians love Buhari or Nigeria

seunmsg:
Presidential assent to any contract under Public procurement act that is above the tenders board threshold without FEC approval is illegal.

Blue3k:
Why are these salty people always shifting goal post. First it was Buhari doing work in sick bed as president now it's the VP is being black mailed.

harmless011:
See how you are busy defending corrupt elements

Nbote:
Abeg we are tired of d kind of news coming out from d govt.. Someone pls mute dem until 2019 elections

FortifiedCity:


If Osibanjo actually approved that huge money, trust me, he was coerced and blackmailed to do it. Any other reason he gives is a cover-up.

Northern leaders can be desperate, they don't value Osinbajo's office at all. They see this time Buhari is in power as a time to accumulate everything 'accumulatable'. And Buhari doesn't care.

But on a second note, Osibanjo should have stood his ground and asked necessary questions even though he looks too timid