Missing $26 Billion Controversy!!! President Buhari Explodes In Anger, Set To Order For The Minutes Of All NNPC Board Meetings

By Post Nigeria October 8, 2017 18:54

Missing $26 Billion Controversy!!! President Buhari Explodes In Anger, Set To Order For The Minutes Of All NNPC Board Meetings

A top Presidential source, has on Sunday, alleged that President Muhammadu Buhari said “he felt scandalised by the leakage of the memo written to him by the Minister of State for Petroleum Resources, Ibe Kachikwu.”

It has been gathered that the Presidency might again call for the minutes of the Nigeria National Petroleum Cooperation, NNPC, Board meetings, to guide it on the current crisis rocking Corporation.

Sources have said that the President was still trying to get to the root of the problem between Dr Ibe Kachikwu, and the NNPC Group Managing Director, GMD, Dr. Maikanti Baru, because of alleged gaps in the Minister’s memo.

In his leaked letter to the President, Kachikwu claimed that Baru awarded five major contracts worth $25 billion, which was never brought before him or the NNPC Board.

Recall, that the President had met with both Kachikwu and Baru, last Friday, in order to get to the root of the matter.

Reacting, highly placed source said: “There are still claims and counter-claims by relevant stakeholders, including the Minister, the GMD, and Board members. To untie the knot, the Presidency may retrieve and screen the minutes of the meetings of the Board of NNPC. The President will consider all angles to the circumstances behind the transactions. The Presidency is being painstaking, because it felt scandalized by the leakage of the Minister’s memo and some distorted facts in it.”