Nigeria’s Vice President, Yemi Osinbajo, has weighed in on the ongoing drama between NNPC Boss, Maikanti Baru, and Minister of State for Petroleum Resources, Ibe Kachikwu, by admitting that he approved the contracts causing controversies.
The Senior Special Assistant on Media and Publicity, Laolu Akande, in a series of tweets on his twitter handle @akandeoj, on Thursday, confirmed that the contracts were approved after due diligence by the Vice President when he acted as President, recently.
Akande said Osinbajo approved the recommendations for the contracts as part of necessary actions to deal with a backlog of unpaid cash calls and incentivise investments.
He also said Osinbajo made the clarification in view of media inquiries that followed NNPC’s claim that the contracts were indeed approved by Osinbajo.
The tweets stated: “In response to media inquiries on NNPC joint venture financing, VP Osinbajo, as Ag President approved recommendations after due diligence & adherence to established procedure. Action necessary to deal with a huge backlog of unpaid cash calls which Buhari adm. inherited and also to incentivise much needed fresh investments in the oil & gas sector.”