121 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.

“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

List of States With Suspected and Confirmed Monkeypox Cases
Food and Health
4 views
Food and Health
4 views

List of States With Suspected and Confirmed Monkeypox Cases

PH - October 24, 2017

The federal government of Nigeria has released an update on the state of the monkeypox virus in Nigeria. Here's an infographic revealing states with suspected and confirmed…

How Minister of Interior and AGF Malami Reinstated Maina
Politics
9 views
Politics
9 views

How Minister of Interior and AGF Malami Reinstated Maina

PH - October 24, 2017

Sahara Reporters have posted a two-page document which is alleged to be the memo reinstating Abdulrasheed Maina.

2 Nigerian Athletes Ranked Among Top 10 Junior Rowers in Africa
Sports
12 views
Sports
12 views

2 Nigerian Athletes Ranked Among Top 10 Junior Rowers in Africa

PH - October 24, 2017

Two Nigerian junior rowers, who participated in the just-concluded Africa Rowing Championship in Tunisia are now among the top 10 athletes in Africa, the Nigeria Rowing Canoe…

PHOTOS: Cristiano Ronaldo’s Son Greets Lionel Messi At The Best Fifa Awards Ceremony.
Sports
15 views
Sports
15 views

PHOTOS: Cristiano Ronaldo’s Son Greets Lionel Messi At The Best Fifa Awards Ceremony.

MT - October 24, 2017

Real Madrid Star, Cristiano Ronaldo’s son met his father’s “rival”, Lionel Messi who greeted him at the 2017 Best Fifa football awards in London. The Barcelona player…

Why PDP Can’t Win 2019 Presidential Election – Governor Dickson
Politics
21 views
Politics
21 views

Why PDP Can’t Win 2019 Presidential Election – Governor Dickson

PH - October 24, 2017

Bayelsa State governor, Seriake Dickson, yesterday dimmed hope on the chances of the Peoples Democratic Party (PDP) rebounding in the 2019 presidential election. He expressed doubt that…

Young DELSU Graduate Becomes The Youngest King In Ijaw Nation. [Photos]
Art, History and Culture
18 views
Art, History and Culture
18 views

Young DELSU Graduate Becomes The Youngest King In Ijaw Nation. [Photos]

MT - October 24, 2017

A young graduate of Delta State University (DELSU), Abraka, has become the youngest king in the entire Ijaw nation – filling the vacuum created by the death…

Photos From The Wedding Of Bukola Saraki’s Daughter, Tosin Saraki
Politics
20 views
Politics
20 views

Photos From The Wedding Of Bukola Saraki’s Daughter, Tosin Saraki

MT - October 24, 2017

The wedding of Tosin, the daughter of Senate President, Bukola Saraki, to her husband, Adeniyi Olatunde Olukoya, took place in Ilorin, Kwara state yesterday October 21st. See…

Don Jazzy Jokes About Tiwa Savage’s Farting Skills – “Your ‘Mess’ Fit Kill Person”
Entertainment
16 views
Entertainment
16 views

Don Jazzy Jokes About Tiwa Savage’s Farting Skills – “Your ‘Mess’ Fit Kill Person”

MT - October 24, 2017

It’s not news that Don Jazzy likes to joke a lot, especially on social media and he has taken it up a not after took to Instagram…

Billionaire Kidnapper, Evans Looking All Cleaned Up As He Appears In Lagos Court Today (Photos)
Shocking
21 views
Shocking
21 views

Billionaire Kidnapper, Evans Looking All Cleaned Up As He Appears In Lagos Court Today (Photos)

MT - October 24, 2017

Suspected kidnap kingpin, Evans, faces second arraignment as he appeared at an Igbosere High Court on Lagos Island amid watertight security. Nigeria's most famous and richest kidnapper,…

How Paul’s Greed And Pride Lead To Physical Fight With Peter And Breakup Of Psquare
Entertainment
25 views
Entertainment
25 views

How Paul’s Greed And Pride Lead To Physical Fight With Peter And Breakup Of Psquare

MT - October 24, 2017

P-Square soon became a group to reckon with musically as they won the Benson & Hedges sponsored Golden Tunes music competition in 2001, which was subsequently followed…

Tiwa Savage On How Far She Has Come – “I Am Proud Of Myself”
Entertainment
15 views
Entertainment
15 views

Tiwa Savage On How Far She Has Come – “I Am Proud Of Myself”

MT - October 24, 2017

Nigeria pop Queen Tiwa Savage has announced to the world in very clear terms that she is proud of the person she has become. Tiwa Savage who…

Two Legends: Lionel Messi And Nigeria’s J.J. Okocha Pose Together
Sports
22 views
Sports
22 views

Two Legends: Lionel Messi And Nigeria’s J.J. Okocha Pose Together

MT - October 24, 2017

Two football legends, Lionel Messi and Austin J.J. Okocha pictured together. Okocha shared the photo with the caption below:

Falz, Tekno Spotted With Lagos State Governor Ambode
Entertainment
19 views
Entertainment
19 views

Falz, Tekno Spotted With Lagos State Governor Ambode

MT - October 24, 2017

Nigerian music star falz and Tekno were spotted together with Governor of Lagos State, Governor Akinwummi Ambode at an event over the weekend. See more photo below….

Jeremiah Gyang Makes Comeback At Buckwyld ‘n’ Breathless Concert
Entertainment
33 views
Entertainment
33 views

Jeremiah Gyang Makes Comeback At Buckwyld ‘n’ Breathless Concert

PH - October 23, 2017

Nigerian singer Jeremiah Gyang reminded his fans why they fell in love with him during his mainstream comeback at the Buckwyld ‘n’ Breathless concert on Sunday night. Gyang gave…

Mr 2kay ‘Robbed At Gunpoint’ In Hotel Room
Entertainment
47 views
Entertainment
47 views

Mr 2kay ‘Robbed At Gunpoint’ In Hotel Room

PH - October 23, 2017

Singer Mr 2kay was robbed at gunpoint in his hotel room after the Buckwyld n Breathless concert on Sunday, October 22. The alleged robbery took place at…

Asa Talks Losing Virginity At 28 In Revealing Chat With Funmi Iyanda
Entertainment
34 views
Entertainment
34 views

Asa Talks Losing Virginity At 28 In Revealing Chat With Funmi Iyanda

PH - October 23, 2017

In this revealing, newly released 2015 Interview, Nigerian singer Asa sat with Funmi Iyanda to discuss her album “Bed Of Stones“. They also talked about the singer’s personal journey as a…

Popular Actress, Toyin Abraham Aimakhu’s Father Is Dead
Entertainment
48 views
Entertainment
48 views

Popular Actress, Toyin Abraham Aimakhu’s Father Is Dead

MT - October 23, 2017

Nollywood actress, Toyin Aimakhu reportedly lost her dad today. This was revealed by her sister, Fatimah Ogunsanya who wrote on Facebook; “It saddens me to the core…

PHOTOS: Dangote, Otedola, Ebuka And Wife Attend Ifeoma Williams’ Michael Jackson Themed 40th Birthday Party
Entertainment
77 views
Entertainment
77 views

PHOTOS: Dangote, Otedola, Ebuka And Wife Attend Ifeoma Williams’ Michael Jackson Themed 40th Birthday Party

MT - October 23, 2017

Former beauty Queen, Ifeoma Williams, who turned a year older recently held her 40th birthday party yesterday which billionaire businessmen Aliko Dangote, Femi Otedola and some Nigerian…

Loading...