• Admits approving loans, not contracts
• My memo was misunderstood, says Kachikwu
Amid the management crisis in the Nigerian National Petroleum Corporation (NNPC), it was confusion yesterday as Vice President Yemi Osinbajo said he did not approve contracts but loans for the the organisation.
His Senior Special Assistant (Media and Publicity), Laolu Akande, had earlier yesterday in his twitter page, @akandeoji, announced that Osinbajo admitted granting approval to the NNPC for two oil contracts worth N640 billion while President Muhammadu Buhari was away on medical leave.Akande said Osinbajo approved the contracts in his capacity as Acting President in July.
“In response to media inquiries on NNPC joint venture financing, VP Osinbajo, as acting president approved recommendation after due diligence,” Akande stated. “Action necessary to deal with huge backlog of unpaid cash calls which Buhari administration inherited and also to…