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Home / featured post / BUHARI APPROVED N640 BILLION OIL CONTRACTS FROM HIS SICK BED IN LONDON, NNPC CHIEF BARU INDICATES

BUHARI APPROVED N640 BILLION OIL CONTRACTS FROM HIS SICK BED IN LONDON, NNPC CHIEF BARU INDICATES

Premium Times reports
President Muhammadu Buhari was granting approvals for oil deals to the Nigerian National Petroleum Corporation during the time he was on his sick bed in London – and when he had relinquished presidential powers to his Vice President – the head, Maikanti Baru, has indicated.
Mr. Baru said Mr. Buhari approved at least two separate oil contracts on July 10 and July 31 worth $1 billion and $780 million, respectively.
The N640.8 billion contracts (at N360/$ exchange rate) were approved when Mr. Buhari was receiving treatment for undisclosed ailments in London, and when he was not supposed to be exercising presidential powers, having named Vice President Yemi Osinbajo acting president in a formal correspondence to the National Assembly.
Mr. Buhari was flown to London on May 7, barely two months after he returned from his first 2017 medical vacation which saw him spend 50 days in the United Kingdom.
On May 9, a letter Mr. Buhari wrote to the Speaker of the House of Representatives and President of the Senate notifying them that he had relinquished presidential authorities in accordance with the Nigerian Constitution was read on the floor of both chambers.
Despite rumours of his early return, Mr. Buhari ultimately spent 103 days receiving treatment in London, returning on August 19.
On August 21, the president notified the National Assembly of his return in writing, saying he had “resumed” his “functions as the President of the Federal Republic of Nigeria with effect from Monday, 21st August, 2017.”
THE CONTRACTS
But on Monday, Mr. Baru revealed that Mr. Buhari had been exercising presidential powers by granting approvals for NNPC joint venture contracts when he was supposedly on his sickbed and not exercising presidential powers.
Mr. Baru gave details of the contracts as follows:
Search:
S/N PROJECT Amount (US$mn) APPROVALS   LOAN EXECUTED BY
 NTB PRESIDENTIAL
1. NNPC/CNL JV Project Cheetah 1200 16/04/15 01/09/15 Dr. E. I. Kachikwu
2. NNPC/CNL JV Project Falcon 780 26/04/17 31/07/17 Dr. M. K. Baru
3. NNPC/SPDC JV Project Santolina 1000 26/04/17 10/07/17 Dr. M. K. Baru
 TOTAL 2980
Showing 1 to 5 of 5 entries
(CNL refers to Chevron Nigeria Limited, SPDC to Shell Petroleum Development Company and JV to Joint Venture).
The disclosures were made when the NNPC responded – on behalf of Mr. Baru – to the allegations of contract fraud and insubordination raised by Ibe Kachikwu.
Mr. Kachikwu, the Minister of State for Petroleum Resources, had in an August 30 memo to Mr. Buhari said Mr. Baru unilaterally approved contracts without recourse to him or the NNPC board, amongst other concerns. The memo surfaced on social media on October 3, sending ripples through the country’s polity.
On October 9, the NNPC responded to Mr. Kachikwu’s allegations by publishing the above contract details, which it said was at the instance of Mr. Buhari, who had kept mum since the scandal broke.
But a look at the dates of the three contracts shows that two of them received presidential approval on dates Mr. Buhari was not in the country, July 31 for the second contract with Chevron Nigeria and July 10 for the contract with Shell. Mr. Baru’s name was placed against the contracts as the person who administered the contract in his capacity as the Group Managing Director of the NNPC.
Only the September 1, 2015, contract which Mr. Kachikwu oversaw during his tenure as the GMD of NNPC received presidential approval on a date Mr. Buhari was in the country and wielding presidential powers.
A compilation of Mr. Buhari’s travels reveals that he was in the country from early August 2015 when he returned from Cotonou until September 7 when he visited Accra.
But while it is clear that the presidential approval granted when Mr. Kachikwu was the head of NNPC happened when Mr. Buhari was exercising presidential powers; it appeared like Mr. Baru received his approval when Mr. Buhari was in London.
GETTING OSINBAJO’S CONSENT
In his memo to Mr. Buhari, Mr. Kachikwu stated that when Mr. Buhari was unwell in London for several months between May and August, Mr. Baru tried to get direct approval from Acting President Osinbajo for some personnel changes at the NNPC.
But Mr. Osinbajo asked Mr. Baru to go back to Mr. Kachikwu and get his input and approval first before making the changes. Mr. Baru refused to consult Mr. Kachikwu on that.
For weeks, the changes were not made, until Mr. Buhari returned on August 19. By August 29, Mr. Baru announced the changes.
This prompted Mr. Kachikwu’s letter to the president on August 30, complaining that he learnt of the development in the media.
Sources at the presidency corroborated Mr. Kachikwu’s claim that Mr. Osinbajo rebuffed Mr. Baru’s attempts to get presidential approval behind Mr. Kachikwu.
Neither the vice president’s office nor Mr. Baru also denied that claim by Mr. Kachikwu.
It is not immediately clear if Mr. Baru also attempted to get approval for the multi-billion dollar contracts from Mr. Osinbajo. But presidency sources said it was unlikely that Mr. Osinbajo, who did not allow Mr. Baru to make personnel changes, would allow the NNPC GMD to circumvent Mr. Kachikwu with such high-profile contracts.
Ndu Ughamadu, spokesperson for the NNPC, would not confirm or deny if Mr. Baru got the approval from Mr. Buhari in London.
“Presidential approval is presidential approval,” Mr. Ughamadu said.
When PREMIUM TIMES reminded him of potential legal implications of Mr. Buhari exercising presidential powers even when he had relinquished same in accordance with the constitution, Mr. Ughamadu dug his heels in.
“Presidential approval is presidential approval,” the spokesperson insisted.
For several hours on Tuesday, presidential spokespersons Femi Adesina and Garba Shehu, did not respond to PREMIUM TIMES’ requests seeking their comments about this and other problematic parts of the NNPC revelations.
Sola Adebawo, Director of Communications at Chevron, did not immediately respond to PREMIUM TIMES’ requests for comments Tuesday evening. His counterpart at Shell Nigeria, Bamidele Odugbesan, simply told PREMIUM TIMES to “direct enquiries to relevant government authorities.”
Yet, the N640.8 billion oil contracts might not be the only one Mr. Baru got Mr. Buhari to approve while he was still unwell in London.
Yet, the N640.8 billion oil contracts might not be the only one Mr. Baru got Mr. Buhari to approve while he was still unwell in London.
For instance, the NNPC announced on February 2 ‎that it received 128 bids from local and international firms willing to participate in its 2017-2018 Direct-Sale–Direct-Purchase crude programme, which was adopted by the Buhari administration last year to replace the crude oil swap initiative and the offshore processing arrangement.
Mr. Buhari was not around in on February 2 when the announcement was made, having been flown to London on January 19 for his first medical trip of the year. He didn’t return to the country until March.
On May 19, when NNPC sources told Daily Trust and a few other media houses that it had finally entered into a $6 billion deal with 10 companies for 2017-2018 edition of DSDP contracts, Mr. Buhari was also not in the country.‎
The NNPC spokesperson declined comments about DSDP contracts.
AmarSim Associations Development Consultants

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44 comments

  1. Danjuma Mohammed Isah

    Yes of course, he is the senior minister of petroleum ,do your worse haters weilers

  2. Ephraim Onyeomereneche

    Did he hand over to anybody before travelling to London.

  3. Segun Ademola

    Nigerians don miss road and we don enter one chance.Na only God go save us from Buhari

    • Goke Omopariola

      Mr salako said so on TVC conversation this morning that buhari govt purely a northern government, either we like it or not they see the opportunity as avenue to share as much as they can from the national wealth.

  4. Ibiosiya Douglas

    Go and find your facts correct scannews.It was signed by VP.

  5. Abagana Sector

    If Buhari didn’t win in 2015, we would have thought by now that Nigeria would have been like London. Thank God he won for everyone to know that he can’t perform magic. Buhari said he does not know anything called subsidy, you clapped. He later paid subsidy, you clapped again. He said he would never devalue the Naira, you clapped. He devalued the Naira, you clapped. He said he will make N1 equals to $1, you clapped. $1 is officially equal N360, you are still clapping. He said he will make petrol price to N40, you clapped, now petrol price is N145, you clapped and do protest in support. He said he would turn all presidential jets to national carrier, you clapped. Today, he and his family are cruising on all presidential jets, you are clapping. He said he would build one new refinery each year, you clapped. Its getting to two years, no refinery has been built, you are still clapping. When PMB promise to end medical tourism, you clapped. When he spent months in UK hospital and allowed local doctors on strike, you clapped. Your mumu never do? Abi this one too na hate speech?

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  7. Louisa Edet

    The Hunter is now the hunted

  8. Onwa Ekuma Onwa

    Robbring without arms and robbring with arms,their all thiefs not corruption.

  9. Yusuf Musa

    We warned you people not to vote for him because he is evil, but you said no to us!

  10. Duniya D. Zaye

    but Osinbajo is saying he is the one that approved the contract? is such unfortunate the people that suppose to show us the way are the one asking for the way. God shebi you dey see the stupidity of awa leaders? come and rescue us because awa leaders are very confused right now.

  11. Godwin Ibiang

    Hmmm so which one should we take? #Barugatesor#Osinbadegates?

  12. Obiakor Austine

    Cover up begins, Osinbajo is saying he is the one. this is funny

  13. Ayodele Isiaka Aliusona

    “I approved the NNPC Contracts after Due Diligence in my Capacity as the ACTING PRESIDENT”

    Yemi Osinbajo

  14. Alkali Dogo

    Wailing Wailers over to you.

  15. Luda Umombe G

    Na wa o, like seriously, Osibanjo is also saying the same thing, as per the same signing.

    Then na hu we go kom believe now self!
    Hmm, just speechless 😱😱😱😱

  16. Rosemary Ngozi

    So which one did osibanjo approve a bi na two contract with the same amount. Apc make una pitty unasef nah.

  17. Ogwuojone Justice

    Was there nobody in acting capacity in his absent?

  18. Henry Njoku

    But now Osibanjo is saying that he’s the one that approved the contract, what a laughable situation. Who are we to take his words the president or the vice president….

  19. Baba Owoh

    See thieves in APC, fighting back their corruption

  20. Olodomeji Sheu Almubaraq

    Scanews.are deaf,osibajo approved tit

  21. Paul Best Ajibo

    Who exactly sign it, vice said is the one President says he did from sick bed. Confused old men

  22. Luciano Godson

    This is time for Nigerians to stand and challenge these Govt. Enough of all these incompetent style of leadership roles

  23. Ijego Brown

    I am sorry for this page because it is only build on political propaganda and liars, the published of this news is a complete moron and an idiotic confused person and a leftist, where will all this stupidity lead you to?

  24. Onyibo Raymond

    Ósibanjo aide said Ósibanjo approved that, osibanjo said he never approved that. Now Baru is saying Buhari did, tomorrow Buhari will say he never did. Well let, me solve this mystery signatory. It was my late grandmother who did signed it.

  25. Divine Chukwuka

    Looters are looting. The wise are watching.

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