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Friday, 6 October 2017

Pressure mounts on President Buhari over $25b NNPC Scandal

President Muhammadu Buhari was under pressure yesterday to get to the bottom of the $25 billion contracts row and other matters at the Nigerian National Petroleum Corporation (NNPC).

Minister of State for Petroleum Ibe Kachikwu, in a letter to the President, alleged that NNPC Group Managing Director (GMD) Maikanti Baru awarded $25b contracts unilaterally ran a ‘bravado management’, sidelining the board and the minister; and made key appointments without consultations.
The President was scheduled to meet Dr. Kachikwu yesterday, but the meeting was put off. “It is rescheduled for today”, said a source  last night.
The popular questions being asked on the matter are:
  • Will Buhari force a review of the $25b contracts?
  • Will the President ask Baru to step down pending an investigation into the allegations?
  • Will the recent reorganisation and appointments made by Baru stand?
  • Who are the officials blocking Kachikwu from seeing Buhari?
NLC President Ayuba Wabba, in an interview, said the issues raised by the minister must be verified.
The Nigeria Labour Congress (NLC), the Peoples Democratic Party (PDP), the Nigerian Extractive Industry Transparency Initiative (NEITI), the Africa Network for Environment and Economic Justice (ANEEJ) and the Socio-Economic Rights and Accountability Project (SERAP) are pushing for Baru’s probe. He is yet to speak on the allegations.

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