190 Views

How Kachikwu Got Contracts For Nine Firms – NNPC

The Nigeria National Petroleum Corporation, NNPC, has released a fact-sheet, reiterating that the allegations made by Ibe Kachikwu, the Minister of State for Petroleum Resources that he was sidelined in the award of contracts and appointments are untrue.

According to the fact sheet, Kachikwu’s influence got contracts awarded to 9 firms by the state oil firm.

The fact-sheet said:

“For record purposes, Nigerians should be aware that Kachikwu single-handedly superintended and approved the off-takers of Nigerian Crude Oil and gas for 2016/ 2017. There were no issues then.

“As for the off-takers for 2017/2018, the minister was consulted by the GMD. Out of a list of 40 off-takers, Kachikwu recommended seven firms, which were accepted by NNPC management without any issue. He initially nominated three and later added four. His judgment was respected, accepted and approved by NNPC management alongside 33 others.

“The seven off-takers he recommended are as follows: North-West Petroleum; Setana Energy; Emo Oil; Litasco Supply and Trading Company; Voyage Oil and Gas; Levene International and Cespa Trading. Since the Minister strongly recommended all these companies, we concurred with his recommendation which was based on a professional judgment. We also did not find any of the companies wanting and they met the criteria for crude lifting.

“On DSDP, the Minister also nominated two companies, Messrs Falcon Bay Energy Limited and Rain Oil Limited. The NNPC avoided all these details in its statement on Monday in order to protect the interest of these companies doing legitimate business. But Nigerians can appreciate that Kachikwu’s input was sought.

“Regarding AKK Pipeline contract, NNPC has explained that it is still in the works; it has not been awarded by the Federal Executive Council (FEC).

“There was this $9.2billion Escravos Gas Pipeline Project which the GMD did not touch in his memo to the President. Apart from discussing and reviewing it with the Board of NNPC, the GMD wrote a June 29, 2017 memo to the Presidency and after official process and consultations with the Minister, it was approved. In fact, the Minister gave the final approval in a memo of August 22, 2017, although with some reservations.

ALSO READ  How Nigeria Lost Over $9billion in Stolen, Unremitted Oil Money in 2013 - NEITI Boss

“Concerning sections 130(2) and 148(1) of the 1999 Constitution, the Minister only alluded to the powers of the President. The NNPC GMD made it clear that he obtained the approval of the President on these transactions. If the President, as the senior Minister of Petroleum Resources, has exercised his constitutional powers, what else is the Minister of State for Petroleum Resources after?

“It should be noted that NNPC and its GMD are only following the standards put in place by the Minister of State for Petroleum Resources on Crude Oil Term Contracts and other transactions. NNPC is following the same rules which the Minister put in place. But the Minister is now criticising the same rules. The only thing that has changed is that Kachikwu is not the substantive GMD of NNPC again.’

“Nigerians need to know that the Minister (while he was the GMD of NNPC) wrote a memo to the Bureau of Public Procurement (BPP) to seek clarifications on the financial limit of NNPC Tenders Board. And the BPP put the limit at $20million. This is what the NNPC management has been adhering to.”

However, a highly placed source in the petroleum ministry disregarded the claims, saying they’re all lies.

“All of the above are lies. No official documentation backing this. This and possibly more to come are vain efforts to discredit Kachikwu and cover up the damning allegations he made.”

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

Ara Hosts Diplomatic Communities For Screening Of ‘Osunfunke’
Art, History and Culture
9 views
Art, History and Culture
9 views

Ara Hosts Diplomatic Communities For Screening Of ‘Osunfunke’

PH - December 17, 2017

Ara, better known as the queen of drums, screened her new film ‘Osunfunke’ for diplomatic communities, and corporate Nigeria. The premiere event held recently in Oshogbo and was well…

OAP Nancy Isime Shares Success Story, Says She’s Never Afraid To Try
Entertainment
18 views
Entertainment
18 views

OAP Nancy Isime Shares Success Story, Says She’s Never Afraid To Try

PH - December 17, 2017

Nigerian OAP and host of Hip TV show “Trending“, Nancy Isime is celebrating her birthday today and few hours prior, she took time out to reflect on her life and journey…

‘Why I Killed For Politicians’ – Confession of 25-Year-Old Ex-cultist (Photo)
Shocking
43 views
Shocking
43 views

‘Why I Killed For Politicians’ – Confession of 25-Year-Old Ex-cultist (Photo)

PH - December 17, 2017

He used to be Nigerian politicians’ Man Friday, the ultimate Mr. Fixer in our murky world of politics. He used to kill and maim for them, at…

Photos: Desmond Elliot Shows Up At Constituency As Santa Claus To Share Gifts
Entertainment
31 views
Entertainment
31 views

Photos: Desmond Elliot Shows Up At Constituency As Santa Claus To Share Gifts

PH - December 17, 2017

We are already in the season of sharing and Nollywood actor turned Politician, Desmond Elliot is already putting smiles on faces of people of his constituency. The actor turned up…

How Alleged Killer Wife Maryam’s Mum, Brother, Househelp Tried To Hide Evidence – Police
Shocking
39 views
Shocking
39 views

How Alleged Killer Wife Maryam’s Mum, Brother, Househelp Tried To Hide Evidence – Police

PH - December 17, 2017

The Nigerian Police Force, yesterday, alleged before an Abuja High Court at Jabi that family members of Maryam Sanda, wife of murdered son of erstwhile Chairman of…

Agriculture: Ogun State Government To Start Sale Of Mass Ofada Rice (Photos)
Agriculture and Farming
29 views
Agriculture and Farming
29 views

Agriculture: Ogun State Government To Start Sale Of Mass Ofada Rice (Photos)

MT - December 17, 2017

The Ogun State Government mass produced Ofada rice, is to be ready for sale to the public this Christmas season in all the Local Government and Local…

2019 Election: Fr. Mbaka Refutes Claims ‘God Has Not Revealed Anything About Atiku’
Politics
41 views
Politics
41 views

2019 Election: Fr. Mbaka Refutes Claims ‘God Has Not Revealed Anything About Atiku’

MT - December 17, 2017

The Spiritual Director, Adoration Ministry, Enugu Nigeria, Rev. Fr. Ejike Mbaka has disowned media reports, which quoted him as saying that former Vice President, Alhaji Atiku Abubakar…

Popular Crime Buster, Abba Kyari’s Brother, Farouk Kyari Graduates As Assistant Police Superintendent
Buzz & Trends
41 views
Buzz & Trends
41 views

Popular Crime Buster, Abba Kyari’s Brother, Farouk Kyari Graduates As Assistant Police Superintendent

MT - December 17, 2017

Crime buster Abba Kyari's younger brother has graduated as ASP.Abba Kyari shared the good news yesterday and wrote... 'My Junior brother Farouk Kyari Graduated as an Assistant…

Nigerian Lady, Diana Tattoos Wizkid’s Face On Her Body Says, “Its Permanent, I Won’t Marry”
Entertainment
33 views
Entertainment
33 views

Nigerian Lady, Diana Tattoos Wizkid’s Face On Her Body Says, “Its Permanent, I Won’t Marry”

MT - December 17, 2017

A Nigerian lady and an apparent die-hard fan of Wizkid, Diana, tattooed his face and name on her back and according to her, the tattoo is permanent…

‘I Am In No Competition With Phyno’ – Olamide Reacts To Phyno’s Sold Out Concerts
Entertainment
37 views
Entertainment
37 views

‘I Am In No Competition With Phyno’ – Olamide Reacts To Phyno’s Sold Out Concerts

PH - December 17, 2017

Reacting to critics claim that he is scared of Phyno, over his successful soldout concerts at huge venues at the Nnamdi Azikwe Stadium in Enugu, YBNL Boss, Olamide who changed the…

SARS Operatives And Their Luxurious Lifestyle Revealed
Best of Nigeria
44 views
Best of Nigeria
44 views

SARS Operatives And Their Luxurious Lifestyle Revealed

MT - December 17, 2017

When Tunde Arigbabu (not real names) stepped out of his house in the Ijaiye Ojokoro area of Lagos State that fateful morning in June this year, he…

Meet The Most Controversial Nigerian Celebrities For The Year 2017
Entertainment
31 views
Entertainment
31 views

Meet The Most Controversial Nigerian Celebrities For The Year 2017

MT - December 17, 2017

2017 is indeed a big year for the Nigerian Entertainment industry… A whole lot happened. Some celebrities blew beyond expectations. Some had issues that carpeted their career…

NUC Ranks Ahmadu Bello University No 1 In Nigeria (See Full List)
Best of Nigeria
40 views
Best of Nigeria
40 views

NUC Ranks Ahmadu Bello University No 1 In Nigeria (See Full List)

MT - December 17, 2017

Ahmadu Bello University emerges Highest ranked University in Nigeria (SEE Full List) Congratulations To Amadu Bello University, Zaria. The National University Commission has released its rankings for…

This Bride Calls Off Traditional Wedding Just A Day To The Event In Delta; Refuses To Give Reasons
Shocking
38 views
Shocking
38 views

This Bride Calls Off Traditional Wedding Just A Day To The Event In Delta; Refuses To Give Reasons

MT - December 17, 2017

A prospective bride, Blessing Esakpe shocked everyone as she decided to call off her traditional wedding to her prospective hubby, Comrade Monday Ezuzu, just a day to…

Femi Fani-kayode Reacts To NBA And UNILORIN Student’s Hijab Controversy
Politics
33 views
Politics
33 views

Femi Fani-kayode Reacts To NBA And UNILORIN Student’s Hijab Controversy

MT - December 17, 2017

The controversy surrounding the Nigeria Bar Association and the Unilorin student who was denied a call to Nigeria Bar has been generating controversy since two days now.…

Ex-Governor Alao Akala, Actress Turned Politician, Funke Adesiyan, Teslim Folarin, Others Dump PDP For APC (Photos)
Politics
42 views
Politics
42 views

Ex-Governor Alao Akala, Actress Turned Politician, Funke Adesiyan, Teslim Folarin, Others Dump PDP For APC (Photos)

MT - December 17, 2017

APC National leader, Bola Ahmed Tinubu, Osun state Governor Rauf Aregbesola , Ondo state Governor Rotimi Akeredolu in Ibadan today to officially receive Chief Alao Akala, Actress,…

Gidado Idris Dies And Buried. Presidential Hopeful, Atiku Abubakar Attends Burial (Photos)
Politics
34 views
Politics
34 views

Gidado Idris Dies And Buried. Presidential Hopeful, Atiku Abubakar Attends Burial (Photos)

MT - December 17, 2017

Former Vice President Atiku Abubakar and other dignitaries at the funeral prayer for late former SGF, Alh. Gidado Idris, at National Mosque, Abuja.

See What Ex-Super Eagles Player, Tijani Babangida Looks Like Now
Sports
49 views
Sports
49 views

See What Ex-Super Eagles Player, Tijani Babangida Looks Like Now

MT - December 17, 2017

Tijani Babangida and Daniel Amokachi pictured at the Africa legends game which held in Kano recently. They are players of our time that brought glory to Nigeria.…

Loading...