Friday , 15 December 2017

Yemi Osinbajo admits granting N640bn to NNPC

Vice President Yemi Osinbajo has taken responsibility for granting authorisation to the NNPC for two oil contracts worth N640 billion.

A statement by presidential spokesperson, Laolu Akande, said Mr. Osinbajo approved the contracts in his capacity as acting president in July.

“In response to media inquiries on NNPC joint venture financing, VP Osinbajo, as Ag President approved recommendations after due diligence,” Mr. Akande said.

The NNPC had stated in the response that two presidential approvals were granted to the NNPC for contracts with Shell Nigeria and Chevron at the rate of $1 billion and $780 million respectively.

Source: ( Premium Times )


Get Our Top Stories Everyday, Enter Your Email Address:

Check Also

Osun State foundation pays WAEC fees for students

The Asiwaju Yinka Fasuyi Foundation has paid the West African Examination Council fees of some …

Leave a Reply

Your email address will not be published. Required fields are marked *


Notice: Undefined index: enable_manual_switch_in_footer in /home2/informng/public_html/wp-content/plugins/mobile-smart/mobile-smart.php on line 946