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The Nigerian Senate through the Chairman, Senate Committee on Petroleum Resources (Upstream) Senator Tayo Alasoadura, has asked President Muhammadu Buhari to step down as Minister of Petroleum and appoint a substantive minister to man the corporation for proper management.

The Senate committee also recommended to the President the immediately suspend the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, and the Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, report according to Punch Newspaper

The recommendations are coming on the hill of the alleged approval to the tune of $25bn without the approval of the corporation’s board.

Alasoadura specifically stated that Baru’s continued presence at the NNPC could jeopardise the Senate investigation into the allegations that he allegedly approved contracts to the tune of $25bn without the approval of the corporation’s board.

The senator said this during a live programme on Channels Television titled, Sunday Politics.


When asked if they should be suspended, Alasoadura said, “I believe so; especially the man who is doing the day-to-day running of the organisation. In order not to hinder or hamper that investigation, because records will be needed and even from the date of the leakage of that letter, I think action should have been taken to ensure that nothing will be missing when investigations start

“So, I think the two of them should be asked to step aside and when investigation is over, whoever is culpable will go and whoever is not culpable, will continue with his duties.”

The lawmaker, who represents Ondo Central Senatorial District, said one of the causes of the problem was the fact that Buhari doubled as the Minister of Petroleum Resources.

Describing the arrangement as faulty, Alasoadura said Buhari should step down and appoint a substantive minister who would be able to do the job more effectively.

He added, “Judging from the many problems plaguing our country today, I believe Mr. President should devote more time to other things and let an independent person run the petroleum resources ministry who will then report to him twice or once a week.’’

Alasoadura confirmed an exclusive report by Sunday PUNCH that 40 firms, which received the $25bn contracts would be invited by the Senate.

He added, “We are probing them because we want to get to the root of this matter. If you are doing an investigation, even those who have not been mentioned may have to be invited, but as of today, these are the people that we think should be invited and from there, we may need to invite many more organisations as the probe continues.”

Meanwhile, The PUNCH learnt that the firms to be invited by the Senate include Oando, Sahara Energy, MRS Oil and Gas, AA Rano, Bono, Masters Energy, Eterna Oil and Gas, Cassiva Energy, Hyde Energy, Brittania U, North West Petroleum, Optima Energy, AMG Petroenergy, Arkiren Oil and Gas Limited and Shoreline Limited.

Others are Entourage Oil, Setana Energy and Prudent Energy, Trafigura, Enoc Trading, BP Trading, Total Trading, UCL Petro Energy, Mocho, Tevier Petroleum, Heritage Oil, Levene Energy, Litasco Supply and Trading, Glencore, Hindustan Refinery, Varo Energy, Sonara Refinery, Bharat Petroleum and Cepsa.

The companies are listed on the NNPC website as benefiting from crude term contracts.

In a related development, the OurMumuDonDo group, led by popular musician, Charles Oputa, aka Charly Boy, said it would meet on Tuesday to conclude on how, where and when to stage protests over the $25bn contracts allegedly awarded without due process.

The Publicity Secretary of the group, Raphael Adebayo, revealed this to The PUNCH during a telephone interview on Sunday.

Adebayo said the group was also planning a protest against Buhari’s delay in taking action on the report submitted to him by Vice-President Yemi Osinbajo on the probe of the Secretary to the Government of the Federation, Babachir Lawal, and the Director-General of the National Intelligence Agency, Amb. Ayo Oke.

When asked if the protest would be taken to the NNPC, Adebayo added, “We are looking at staging one this week. We are looking at combining this one and the SGF issue into one protest.

“We can already see the reaction of the Presidency. The Presidency is trying to reconcile both parties (Kachikwu and Baru).

“On Friday, the President and Baru still prayed together at the National Mosque. So, you can see the response. Between now and Tuesday, we will reach a decision on the next line of action.”

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