Prof. Yemi Osinbajo

Vice President, Prof. Yemi Osinbajo, has taken responsibility for granting authorisation to the NNPC for two oil contracts worth ₦640 billion.

A statement by his spokesperson, Laolu Akande, said Prof. 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 on Twitter.

The admission comes a day after online news outlet, Premium Times, published a report about the NNPC’s response to the Minister of State for Petroleum, Ibe Kachikwu’s allegations on Monday.

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.

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