Sponsored Links

The Group Managing Director, GMD, of the Nigeria National Petroleum Corporation, NNPC, Dr. Maikanti Baru, has responded to recent allegations made against him by the Minister of State for Petroleum, Ibe Kachikwu, calling them ‘baseless’.
This was communicated in a press release signed by the NNPC’s Group General Manager, GGM, Group Public Affairs Division, Ndu Ughamadu, on Monday, October 9, 2017, under the directive of President Muhammadu Buhari.
The statement specifically addressed the allegations that bordered on major contracts that were issued by Baru without a discussion with or review by the NNPC Board, which Kachikwu belongs to.
The statement disclosed that contrary to Kachikwu’s claims, contracts are not necessarily supposed to be reviewed by the NNPC Board, but by the NNPC Tenders Board, the President in his capacity as the Minister of Petroleum, or the Federal Executive Council, FEC.
The statement read: “Following the publication of alleged lack of adherence to due process in the award of NNPC contracts, the President ordered the Group Managing Director (GMD) and Management of the Nigerian National Petroleum Corporation (NNPC), to consider and respond expeditiously to the allegations.
“The substance of the allegations made by the Minister of State for Petroleum Resources, in a letter to the President dated 30th of August 2017, is that a number of ‘major contracts were never reviewed or discussed with me (sic) the NNPC Board.’

“It is important to note from the outset that the law and the rules do not require a review or discussion with the Minister of State or the NNPC Board on contractual matters.
“What is required is the processing and approval of contracts by the NNPC Tenders Board, the President in his Executive capacity or as Minister of Petroleum, or the Federal Executive Council (FEC), as the case may be.
“There are therefore, situations where all that is required is the approval of the NNPC Tenders Board, while in other cases, based on the threshold, the award must be submitted for Presidential approval. Likewise, in some instances it is FEC approval that is required.
“It should be noted that for both the Crude Term Contract and the Direct Sale and Direct Purchase (DSDP) agreements, there are no specific values attached to each transaction to warrant the values of $10 billion and $5 billion respectively placed on them in the claim of Dr. Kachikwu.
“It is therefore, inappropriate to attach arbitrary values to the shortlists with the aim of classifying the transactions as contracts above NNPC Tenders Board limit. They are merely the shortlisting of prospective off-takers of crude oil and suppliers of petroleum products under agreed terms.
“These transactions were not required to be presented as contracts to the Board of NNPC and, of course, the monetary value of any crude oil eventually lifted by any of the companies goes straight into the federation account and not to the company.
“Furthermore, contrary to the assertion of Dr. Kachikwu that he was never involved in the 2017/2018 contracting process for the Crude Oil Term Contracts, Dr. Kachikwu was in fact expressly consulted by the GMD and his recommendations were taken into account in following through the laid down procedure.
“Thus, for him to turn around and claim that “…these major contracts were never reviewed or discussed with me…” is most unfortunate to say the least.
“From the foregoing, the allegations were baseless and due process has been followed in the various activities.”
In the press statement, Ughamadu also laid out the processes involved in reviewing the award of a contract by the NNPC, as well as list the procedures involved in the award of contracts specifically mentioned by Baru.
In a letter Kachikwu wrote to President Buhari that was leaked to the media last week, he said he considered it important to call the attention of the President to his concerns about Baru’s arbitrary conducts as head of the NNPC.
Follow Us on Twitter!

Like Us on Facebook!

Do You Need a Sugar Mummy, Sugar Daddy, Girlfriend, Boyfriend Wife or Husband? If Yes, Then Click Here For Details

Earn 200-400k A Month Dating An Older Women, Sugar Mummy, Sugar Daddy
Earn 200-400k A Month Dating An Older Women, Sugar Mummy, Sugar Daddy
Sugar Mummy Ruth From Delta Is Looking For A Young Guy For Sugar Mummy Affaair
Sugar Mummy Ruth From Delta Is Looking For A Young Guy For Sugar Mummy Affaair
 Rita From Abuja Is Available For H00k Up This Week Before She Travels Out
Rita From Abuja Is Available For H00k Up This Week Before She Travels Out
 Becky From Lagos Is Looking For Cute And Vibrant Guy For A Se.x Relationship
Becky From Lagos Is Looking For Cute And Vibrant Guy For A Se.x Relationship
Hello Admin, Am Kate From Lagos, I Just Want To Say Thank You To Omolove For Hooking Me Up With A Guy
Hello Admin, Am Kate From Lagos, I Just Want To Say Thank You To Omolove For Hooking Me Up With A Guy
 Adults Only: Women open up on what turns them on
Adults Only: Women open up on what turns them on

0 comments:

Post a comment

 
OmoVibes © 2016. All Rights Reserved.
Top