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President Muhammadu Buhari-led federal government is currently considering a review of the recent senior executive appointments of the Nigeria National Petroleum Corporation (NNPC) made by its Group Managing Director, Dr. Maikanti Baru.
The decision to consider a review of the appointments, according to Thisday report, is predicated on the alleged breach of due process in the appointments and contract awards to the tune of $25 billion raised by the Minister of State for Petroleum, Dr. Ibe Kachikwu against the NNPC boss in his letter to President Muhammadu Buhari on August 30.
A top presidency official who confided in Thisday, said the silence from the presidency on the appointments was not an endorsement on the action taken by Baru, adding that if after thorough examination the appointments were indeed found to be in breach of the extant laws or the federal character principle, they will duly be reviewed.
It has also come to light that the Senate ad hoc committee charged with probing the award of the $25 billion contracts by Baru without recourse to the governing board of the corporation would also focus on the preferential treatment accorded to Duke Oil, a subsidiary of NNPC, in oil lifting contracts and oil swaps, despite the charge that it was incapable of fulfilling the contracts.
The decision to consider a review of the appointments, according to Thisday report, is predicated on the alleged breach of due process in the appointments and contract awards to the tune of $25 billion raised by the Minister of State for Petroleum, Dr. Ibe Kachikwu against the NNPC boss in his letter to President Muhammadu Buhari on August 30.
A top presidency official who confided in Thisday, said the silence from the presidency on the appointments was not an endorsement on the action taken by Baru, adding that if after thorough examination the appointments were indeed found to be in breach of the extant laws or the federal character principle, they will duly be reviewed.
It has also come to light that the Senate ad hoc committee charged with probing the award of the $25 billion contracts by Baru without recourse to the governing board of the corporation would also focus on the preferential treatment accorded to Duke Oil, a subsidiary of NNPC, in oil lifting contracts and oil swaps, despite the charge that it was incapable of fulfilling the contracts.