₦airaland Forum

This man looks humble and simple. I pray God will help him throughout his tenure not to fail.
Nigeria politics is very dirty, I can't advise any genuine Christian to go into it for now.
It is well.

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

you just proved beyond reasonable doubt that your brain is far far smaller than a monster seed.

sanpipita:
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

Take it from me, Osibanjo has been compromised. He's always placed at the corner but this time they want to take the bullets aimed at them. Buhari himself is the mastermind of this deal. At the end of the day, the table will turn against Kachikwu. He made a mistake blowing the whistle.

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!

Come u this boy; this is the second time u re talking nonsense on nairaland today. If u don't know what to say just shatap rather than open ur mouth n b counted amoung idiots

Lomprico2:
Try get shame small nah!

Shame ke BMC members no get shame naaa. Ones dem get like 1k and plate of rice, u go see dem come dey post defence wen no gt bearing

IPOBrep:
hehehehehe

the joint venture loan is between who and who and how much is involved in each of the transaction.

what was the approved loan meant for and how much of that has been disbursed and utilized.

Are you kidding? The Nigerian government owe the Oil firms billions of dollars in JV cash call. The last administration failed to pay NNPC's counterpart funding.

A typical tactic of propagandists is to shout the loudest and insult the most.
I'm surprised that you're not dizzy from all the convolutions you're trying desperately to make straight.
How is everyone who raises a contrary view to yours an 'ipob yoot'?
Instead of reading well-articulated responses, why does one have to wade through the detritus of your dull imaginings, before getting any sense of what you're talking about?
And after you've defended 640 billion so poorly, can you still claim that that the $25 billion went through proper channels?
And since you're clearly unable to manage it, add a good dollop of insults to your response.

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!

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!

Don't be clever by half ojare!

If 'genuine christians' refuse to use their God-given gifts (abi?), who will they hold responsible for the nation's failings but themselves?

lloyds:
This man looks humble and simple. I pray God will help him throughout his tenure not to fail.
Nigeria politics is very dirty, I can't advise any genuine Christian to go into it for now.
It is well.

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

I'm amazed at how low the IQ of a lot of Nigerian youths is. The VP only approved a loan to fund NNPC JV cash call, simple. The other contract is actually crude swap contract, so money has not been spent yet. This is not to say Baru has the right to unilaterally approve such.

Where is that clown called Clerverly that was jumping around like a hen on heat?

Come and read thus and crawl back into your shell

This Country Ticks Every Alphabet In JOKE

26$billion NNPC scandal: the surmmarised version*
Baru : "Buhari signed."
Presidency : "it's a lie, Osinbajo signed."
Pastor Osinbajo�

IPOBrep:
hehehehehe

the joint venture loan is between who and who and how much is involved in each of the transaction.

what was the approved loan meant for and how much of that has been disbursed and utilized.

The loan he signed is not the issue on ground, is the contract.

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!

you are the one that need to read the article, procurement loan That Osinbajo approve is different from from the crude oil lifting and Direct Sale contract that Baru award without any approval from the necessary authority, the VP is clearing his name, stop defending the undefendable, this is stealing and corruption. Dasuki is been heard for $2b we talking about $26b

Clerverly:
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 [b]2980 [/b]
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.


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.



https://www.premiumtimesng.com/news/headlines/245722-buhari-approved-n640-billion-oil-contracts-sick-bed-london-nnpc-chief-baru-indicates.html

This govt is a nest of corruption.It has suddenly surpassed IBB&Abacha's corruption.unfortunately that s what we bargained.

Buhari is corrupt terrorist and criminal. Aisha is a corrupt prostitute.

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

Mamman Daura and Abba Kyari

All these spokespersons, couldn't Laolu Akanke have gotten confirmation before tweeting the wrong thing to the world. All they do is embarrassing their bosses. Akande, hope you are not trying to box IN your boss for millions of naira? I can't trust us. All these dangling modifiers.

Who should we believe now in all these saga?

cc Vivere

I thought I told you Osinbajo could not approve contracts without Ibe Kachikwu's input.

Oya, come and spin this one again. VP has spoken.

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.

This clarification from the vice president is reassuring. It would have been a blow to the anti corruption posture of this government if they had continued defending the initial story that the acting president has the power to approve contract within the approval limit threshold of FEC.

you are even the worse thief here.

Guyman02:
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.

Can you analyse Laolu's statement and tell me where he made the gaffe. Blame our lazy media.
The problem is, a lot of people love scandals and have been praying fervently to see one with the government but they keep getting disappointed everyday.

Clerverly:
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 [b]2980 [/b]
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.


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.



https://www.premiumtimesng.com/news/headlines/245722-buhari-approved-n640-billion-oil-contracts-sick-bed-london-nnpc-chief-baru-indicates.html

You are indeed one of the greatest manipulators and thieves

Nairaland and fake news are synonymous ..am getting tired

Still waiting for the day a highly intelligent man will rule this country........there will be a great difference

aolawale025:
It's gets messier! So who approved the contracts

d honourable minister

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!

So it's no longer 514billion u quoted before

So he(OSIBANJO)gave Presidential Approval to borrow #26Billion Dollars for JVC without Nnpc Board Chairman knowledge because he is Acting President and Pastor of Redeemed Church of God, Abi?

Osibanjo has messed up. I guess he also taught Bubu was gonna give up the ghost.

aolawale025:
It's gets messier! So who approved the contracts

which contract,
A contract without monetary value.
Nonsense