Is the Minister of State, Petroleum Reources, Ibe Kachikwu losing the battle?

The Vice-President Yemi Osinbajo seems to be backing the claims made by the Group Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru on the NNPC contracts.

He said admitted on Thursday that he approved the Nigerian National Petroleum Corporation joint venture financing contracts as disclosed by the government-owned oil firm.

The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, confirmed this in a series of tweets on his confirmed Twitter handle, @akandeoj.

Akande said Osinbajo approved the recommendations for the contracts as part of necessary actions to deal with the backlog of unpaid cash calls and incentivise investments.

He added that the approval was given after due diligence and adherence to established procedure.

He said Osinbajo approved the contract in his capacity as the Acting President when President Muhammadu Buhari was away on medical vacation.

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