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The confessional report by the embattled Group Managing Director, GMD, of the Nigeria National Petroleum Corporation, NNPC, Maikanti Baru, has indicated that President Muhammadu Buhari signed N640 billion oil contracts, while on his sick bed in London, United Kingdom, UK.
Baru said Buhari approved at least two separate oil contracts on July 10 and July 31, worth $1 billion and $780 million, respectively.
It could be recalled, that within this period (July 10 – July 31), Buhari was still in London, undergoing medical treatment in an undisclosed hospital.


Post-Nigeria recalls, that Buhari was flown to London on May 7, after handing over Presidential powers to his Vice, Yemi Osinbajo, to serve as Acting President. He finally returned on August 19, after spending 103 days.
This implies that the N640.8 billion contracts (at N360/1$ exchange rate), were approved when Buhari was receiving treatment for undisclosed ailments in London, and when he was not supposed to be exercising his Presidential powers, having named Vice President, Yemi Osinbajo, as Acting President, in a formal correspondence to the National Assembly.
However, on Monday, Baru revealed that Buhari had been exercising his Presidential powers during the above period, by granting approvals for NNPC Joint Venture contracts, when he was supposedly on his sickbed and not supposed to exercise Presidential powers.
The disclosures were made when the NNPC responded on behalf of Baru, to the allegations of contract fraud and insubordination raised by Ibe Kachikwu.
Kachikwu, the Minister of State for Petroleum Resources, had in an August 30 memo to Buhari, stated that Baru unilaterally approved contracts without recourse to him or the NNPC board, among other concerns.


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