The Presidency has said that claims on social and traditional media that $25BN worth of oil contracts were awarded by the NNPC or that $25BN in NNPC funds is missing are both false.
According to Mr. Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, no contracts were procured by the NNPC based on the leaked memo of the Petroleum Resources Minister of State, even though such impressions have been maliciously created in the past few weeks.
While responding to media inquiries Sunday on the matter, Akande disclosed that a closer look at each of the said projects indicate clearly that “these are not procurement contracts.”
According to him, “when I tweeted on Thursday morning last week, I had indicated that the Vice President, while acting as President approved Joint Venture Financing arrangements. But for some curious reasons, a few media reports used that tweet to report that I said the then Acting President approved N640 Billion worth of oil contracts. Such reporting is both false and misleading and therefore ought to be completely ignored by all seekers of truth.”
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Presidency says NNPC did not award any N25bn Contracts
According to Mr. Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, no contracts were procured by the NNPC based on the leaked memo of the Petroleum Resources Minister of State, even though such impressions have been maliciously created in the past few weeks.
While responding to media inquiries Sunday on the matter, Akande disclosed that a closer look at each of the said projects indicate clearly that “these are not procurement contracts.”
According to him, “when I tweeted on Thursday morning last week, I had indicated that the Vice President, while acting as President approved Joint Venture Financing arrangements. But for some curious reasons, a few media reports used that tweet to report that I said the then Acting President approved N640 Billion worth of oil contracts. Such reporting is both false and misleading and therefore ought to be completely ignored by all seekers of truth.”
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Presidency says NNPC did not award any N25bn Contracts
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