Muhammadu Buhari |
Dr.
Baru said President 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 Buhari was
receiving treatment for undisclosed ailments in London, and when he was not
supposed to be exercising presidential powers, having named Vice President, Professor Yemi Osinbajo, acting
president in a formal correspondence to the National Assembly.
On
Monday, Dr. Baru revealed that 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.
The
disclosures were made when the NNPC responded, on behalf of Dr. Baru, to the
allegations of contract fraud and insubordination raised by the Minister of
State for Petroleum Resources, Dr.
Emmanuel Ibe Kachikwu. But a look at the dates of the three contracts shows
that two of them received presidential approval on dates. Buhari was not in the
country, July 31 for the second contract with Chevron Nigeria and July 10 for
the contract with Shell.
On May
19, when NNPC sources told the media houses that it had finally entered into a
$6 billion deal with 10 companies for 2017-2018 edition of DSDP contracts, Buhari
was also not in the country. The NNPC spokesperson declined comments about DSDP
contracts.
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