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We Don’t Owe You Any Explanation: NNPC Board Replies Ibe Kachikwu

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The Nigerian National Petroleum Corporation through its Group General Manager: Group Public Affairs Division Mr. Ndu Ughamadu has replied the Minister of state for Petroleum Mr. Ibe Kachikwu on his petition to the President insisting that due process was followed in its (NNPC) contract activities.
Ughamadu insisted that the rules guiding the Corporation does not mandate the Board to discuss matters pertaining to contracts with the Minister of state for Petroleum.
He further accused Kachikwu of fabricating figures for the contracts in his petition by saying “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”.
The Public Affairs manager also accused the Minister of brewing lies against the board. Ughamadu said “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. For him to turn around and claim that these major contracts were never reviewed or discussed with him is most unfortunate to say the least”.
Photo Credit: Getty

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