KNOWLEDGE BASED LINE

Tuesday 10 October 2017

Presidency reportedly backs NNPC boss Baru over award of $25bn contracts 

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The minister of state for petroleum resources, Ibe Kachikwu, is advised by his colleagues to exit Buhari’s cabinet - The president feels the unfounded allegation raised the minister
scandalised his administration - Buhari is yet to make known his next action over the issue The dust raised by the minister of state for petroleum resources, Ibe Kachikwu, over the unilateral award of hefty oil and gas contracts totaling about $25 billion by the group managing director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has taken a twist, as the presidency is considering taking actions against the minister having cleared the NNPC boss of any infraction.

The Nation reported that the fate of Kachikwu in the current administration is unsure following the allegation he made against the NNPC GMD, Maikanti Baru. The newspaper stated that President Muhammadu Buhari is considering taking punitive actions against Kachikwu after having found Baru not guilty of corrupt practices in the unilateral award of the $25bn contracts on Monday night, October 9.

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