Following a series of tweets by his spokesman suggesting that he had indeed approved contentious contracts worth $25billion awarded by Dr Maikanti Baru, the Group Managing Director (GMD) of the NNPC, Vice President Yemi Osinbajo has said he only gave authorization for the procurement of two financing loans and not contracts, Tribune Online reports.
His Senior Special Assistant on Media and Publicity, Laolu Akande, had explained on his verified Twitter handle @akandeoj, on Thursday that the contracts were approved after due diligence by the Vice President when he acted as President recently. He had said the Vice President approved the recommendations for the contracts as part of necessary actions to deal with the backlog of unpaid cash calls and to incentivise investments.
But in another statement issued after his tweets had been published, the spokesman quoted the Vice President as saying that he specifically gave approvals for financing arrangements for the Joint Ventures between the corporation and IOCs, and not approvals for contracts. He said Osinbajo gave the clarification when approached by reporters after the ground-breaking multi-billion Naira historic Bonny-Bodo road project, in Bonny, Rivers State on Thursday.topics from