Osinbajo admits approving N640 billion oil contracts for NNPC

Yemi-Osinbajo (1)
Nigeria Vice President, Yemi Osinbajo

Vice President Yemi Osinbajo has taken responsibility for granting authorisation to the NNPC for two oil contracts worth N640 billion.

A statement by presidential spokesperson, Laolu Akande, said Mr. 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 Ag President approved recommendations after due diligence,” Mr. Akande said.

The admission comes a day after PREMIUM TIMES amplified a curious part of the NNPC response to the Minister of State for Petroleum, Ibe Kachikwu’s allegations on Monday.

The NNPC had stated in the response that two presidential approvals were granted to the NNPC for contracts with Shell Nigeria and Chevron at the rate of $1 billion and $780 million respectively.

But when PREMIUM TIMES reached NNPC and the presidency for clarification on Tuesday, they could neither confirm nor deny at the time.

Details later…


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  • kayode Olufade

    One will want to know what ‘due diligence’ actually means

    • Ademola Awokusibe

      @kayodeolufade:disqus

      The worst mistake
      i ever made in my life is to vote for Muhamadu Buhari as president of
      Nigeria. He is petty, illiterate, vindictive and corrupt for signing off nine (9)
      trillion Naira in excess of the whole national budget of Nigeria as contracts
      to his handpicked friends, cronies and family members.

      Muhamadu Buhari
      is not educated. He does not have knowledge. He cannot think things through.
      His double standards pushed Nigeria into the ongoing worst ever recession in the
      history of Nigeria, with over 28 million rendered un-employed and wandering the
      streets of Nigeria to steal, to maim, and to kill for a living.

      Until
      Buhari owns up to his misdeeds, as YEMI OSINBAJO has done here, for signing
      the $25 billion illegal NNPC contracts, no one in Nigeria will listen to how Buhari
      found the energy to cancel Intel contracts but became deaf and dumb to speak
      the truth on a far worse $25 billion NNPC contracts since last week Wednesday.

      What
      Muhamadu Buhari did at NNPC is exactly the same thing Chief Bode George was
      convicted and jailed for doing. So, Buhari should wake up and smell the coffee
      that he cannot ever escape judicial judgment for signing off $25 billion NNPC
      contracts corruptly into the pockets of his cronies without legal authorization
      under any law.

      • SAGIR

        GO TO HELLL MUMU YOU WILL DIE WITH HATRED

      • FineBoy

        THe heart.
        Your one vote is hereby cancelled

      • pambegua

        Are you sure you voted for PMB? Those that really vote for PMB can not be deceived by PDP apologists like you. If at all you voted for PMB then you don’t know why you voted. Those that voted for PMB still stand for him because they know why the voted for him. So stop rumbling with your mouth that you voted for PMB. His integrity can not be destroyed by people who are used to seeing free money like you

  • General Sam Bockerie

    Ha ha ha ha…..Osinbade finally succumbs to the blackmail!!…They boxed him into a corner and watch if he would embarrass his Boss. Buhari is not corrupt, it is people around him that are kwarrupt.

  • Daniel

    I pity this man.

    Such a lapdog of Buhari!

    • Sam

      Has anyone accused him of wrongdoing? Or was there fraud in the contract award? Let’s be objective with our comments.

      • Daniel

        Osibanjo is a disgrace to truth.

        I have lost my respect for him.

        Power is transient, but a damaged reputation may never be remedied.

        As for Buhari, he is a serial law breaker, incompetent, clannish and corrupt manager of our common wealth.

        Go and vote them again in 2019

  • Umahernest

    Shame…
    Shame…
    Shame.

  • Agba

    Osibajo why did you accept this nonsense to save corrupt APC GOVT,ohhhhhhh,whyyyyyy?With this if ADEBOYE join politics he will compromise.You are tag a CO ORDINATOR by ABBA KYARI still,you embarrass yourself in other to save the criminal BARU,what a shame

    • SAGIR

      HATERS SONS OF PIGS YOU CAN ONLY HATE AND CANNOT WIN ELECTION GO AND HANG

  • emmanuel Azodoh

    is it constitutional for Ag president to sign a contract as large as 640 billion naira without the consent of the legislature

    • pambegua

      Read the constitution that create NNPC NTB, BPE, Public Procurement Agency. Even Baru can approved $20b worth of contracts. Kachikwu as GMD wrote to BPE seeking clarification on how much amount a NNPC GMD can singed. So even if Baru is qualified to signed such contracts

  • Etty2000

    @Umahernest:disqus

    I am not a university person but i can think very well too. Not everybody can go to university in this world.
    What I understand is very clear. Yemi Osinbajo is telling Nigerians and the world at large that he has sinned
    against Man and God for joining Buhari to sign 640 billion Naira out of the total nine trillion Naira NNPC scam.
    That is my own way of understanding things,

    Yemi Osinbajo is saying to Nigerians: “Now that you have nabbed me and
    caught me hands down, do the needful if you Nigerians have any brain, otherwise, let me go free and remain
    on this job at your peril, because i will not stop and can never stop doing illegal things even though i am also
    a lawyer who should know better than Muhamadu Buhari – who is a herdsman with proved Primary Six certificate”.

    • Gbabe!!!!!!

      @disqus_k3DWLz9C6F:disqus

      SO, IT MEANS THAT OUT OF THE $25 BILLION NNPC CONTRACTS

      YEMI OSINBAJO SIGNED TWO (2) BILLION DOLLARS OUT OF IT, AND,

      MUHAMADU BUHARI SIGNED THE REMAINDER $23 BILLION TOTAL.

    • sagiir

      Wailers Wailers and wail in hell

    • victoria

      At least they signed the contract to execute project for Nigeria. They did not loot the money the way Jonathan and his 2 wives Alison Madueke did.

  • Merciless Messi

    Hahahaha! Now the question is; WHAT RIGHT DOES THE ACTING PRESIDENT( OR EVEN THE PRESIDENT) HAVE TO UNILATERALLY ‘APPROVE’ SUCH HUMONGOUS CONTRACTS WITHOUT IT PASSING THROUGH FEC??

    Same osinbajo whose ‘sermon’ has been kwaraption kwaraption!
    Lol!
    You neither sleep nor slumber O’ Lord!
    Lord Sabbaoth is your name.
    Selah….

    • Abdulkadir

      Baru didn’t just listed the procedures followed in awarding the contracts, he also presented all the regulations that guide contract issuance in the NNPC. I guess in reading his reply, you forgot to read that part.

    • FineBoy

      Go to court

    • Akiika

      He was the acting president, so technically, he was the president at that time.

  • sagir

    Wailers Wailers and losers losers and haters they continue to hate lose and wail in hell

  • E.X. Syndi

    @emmanuel_azodoh:disqus

    I don’t know if they use ruler to measure jail terms in a court of law. It will help to use it.
    We have $25 billion NNPC contracts at issue here. Yemi Osinbajo has admitted to authorizing two billion
    out of 25 billion dollars contract. It means a Judge of the High Court will need to buy a ruler and learn how
    to do fractions, so as to do real justice. We know from arithmetic that two is one-twelfth of 25 and so the
    real justice must take account of that. If for example two billion dollars illegal signature will bring 10 years
    imprisonment, for example, it means the Judge must use a ruler twelve times and give 120 years jail term
    to the person (name withheld) who signed the balance of $23 billion dollars. That is proportional justice!!!

    • Sam

      Moron there is nothing like 23 billion. Kachukwu was only trying to catch the presidents attention or create some fireball .

  • share Idea

    Is there anybody out there that still need further proof that Buhari actually forged his WASC. Is it not crystal clear that Osibanjo is now used as a fall guy all in a bid to protect the corruption scandal masterminded by supposed MR INTEGRITY and his cabals…Nigeria we hail thee

    • Wilson Nakpoberuo

      Think before writing. VP Osinbajo has a name to protect.

      • Right Minded

        You are really pathetic. I pity ur parents who wasted money on ur education.

      • share Idea

        Which name pls? Your type never believed that Buhari was never anything Integrity as claimed till the recent revelatios.

        VP have just connived with Buhari and his cabals to claim that he signed for 640B naira contract when the media exposed the lie in original letter from from NNPC.

        Please can you cite any link where it was ever reported that Osibanjo signed such current during the time Buhari was away?

  • Yemi

    Premium Times should move on from this issue. You should have anticipated this. There was no way PMB could have signed anything while on leave. He is not dumb

    • Double Barrel

      Yemi,

      NO WAY. Who send you? Or na only you waka come? You did not say Premium Times should move on
      from the thief-thief of Dizeani Allison-Madueke for six months running. You did not say Premium Times
      should move on from the thief-thief of Patience Jonathan for one year running. It was when Buhari was
      caught red-handed you now jump up to beg Premium Times to move one from Buhari $25b thief-thief.
      No weapon fashioned against Premium Times shall prosper. We will stand shoulder to shoulder with
      Premium Times on this $25 billion NNPC stealing by tricks until justice is done. You hear me so?

      • Yemi

        There is no smoking gun here. DAM had multiple houses and Madam P had multiple banks accounts and estates

      • PREITY

        LOL! Na only him waka come, premium times has been making suya out of mama peace and Dizeani since two years, he didnt ask them to move on. see for yourself the hypocrites we have all over the place.

    • Sam

      Premium times is on a mission,,,
      They have been bought …
      It is part of the game towards 2019 .
      Shame !

  • Ugochukwu

    Niger Delta people are busy shouting that they are not Biafrans meanwhile Hausa/Fulani/Yoruba are busy selling their birth right.

    • Jon

      Don’t mind those sore losers. Enemy is right there staring at their faces, but there are there saying they are not biafrans.

  • Ade

    I think some cover-up is going on in the presidency, if VP signed for a part then who signed for the remaining bulky part, and how are we sure that VP is not protecting his boss and the country from embarrassment. I think APC will need to work hard to redeem themselves before it’s too late, 2019 is near because they are loosing supporters from the masses on every sensitive issue they are playing with.

  • Oskirin

    Gbam! oya wailing wailers make una look 4 anoda story.

    • Dazmillion

      A pity watching your shallow level of thinking to believe that Osibajo signed N640B NNPC contracts when the same Osibajo told the MD of NNPC to get approval from Mr Kachikwu.

    • Bassey Frank

      If you believe this story, you will also believe that your father or mother’s concubine is your parent.

    • Sam

      Don’t mind the haters

  • thusspokez

    Some would say that the VP is taking the fall for the President who faces an impeachment for violating the Nigerian constitution.

    But is this the same Mr. Osinbajo whom when asked for his consent for the two contracts by Mr Baku — as reported in PT –, had refused and instead referred the latter back to Mr. Kachikwu. It therefore defies logic that Mr. Osinbajo — a rational gentlemen and an evangelist of due process — would then compromise his own morals and undermine due process to approve the two contracts.

    • So oju abe niko

      You are confusing the events. Your first sentence pertains to personnel changes at NNPC, not contracts – that’s the issue on which Osinbajo sent Baru back to Kachikwu.

      With respects to the two contracts of $1.7B claimed by Osinbajo, it could be 50/50. He could be serving as a fall guy to save the face of the president/cabal. The other part is he could have signed it truly, after learning that the president was responsible for signing all previous contracts.

      • thusspokez

        Your first sentence pertains to personnel changes at NNPC

        I have no idea whose first sentence you read — definitely, not mine –, but here is a reprint of my first sentence and paragraph:

        “Some would say that the VP is taking the fall for the President who faces an impeachment for violating the Nigerian constitution.”

        • So oju abe niko

          Sorry, I thought the bold print was a header. The following is the sentence I tried to ref: “But is this the same Mr. Osinbajo whom when asked for his consent for the two contracts by Mr Baku — as reported in PT –, had refused and instead referred the latter back to Mr. Kachikwu.” This issue in that event is personnel changes in the management of NNPC, not contracts – the VP sent Baru back to consult with Kachikwu on the personnel changes.

          • thusspokez

            You misread the comment. The point I was making (put in another way) was that given Mr. Osinbajo’s credentials — particularly in his speeches — with regard to due process, it would be surprising if he flouted due process himself.

  • Bassey Frank

    THIS IS A LIE; BLATANT LIE. OSINBAJO’S INTEGRITY IS DIMINISHING FAST TO HIS SIZE. I AM WAITING HOW HE WILL RETURN TO THE PULPIT AS A PASTOR TO PREACH THE WORD OF ……

  • Right Minded

    This is really painful on the part of Prof Osibanjo. Why would he allow himself to be used as the Fall guy all the time. His reputation is fast diminishing since he became the VP. Why would he always cover the lies and goofs of this administration? Did he just wake up from his slumber? Where was he when Baru body said he took the contacts to Bubu in London to sign? Did Osibanjo not ask Baru to take the contract back and present it through the office of the minister of state? Or Baru doesn’t know the difference btw Osibanjo and Private Mail Bag (PMB) again? Even if Osibanjo signed the contract, why was it not presented at FEC meeting which Kachickwu himself is a member? At least even if he (Kachickwu) was not consulted, he would av been aware at the FEC meeting. And Osibanjo calls himself a man of God. Anyway no true Christian can practice Nigeria kind of politics without compromising. One thing I know, God cannot be mocked, whatsoever you sow, that you shall reap. Osibanjo must be getting tutorials from Liar Mohammed..

    • Oracle

      What amazed me in all this saga was that: kachukwu’s memo was dated far back as August, official memo for that matter. No record of official response or reply in line with his protest until there was a leak to the press. Now the VP’s office claims responsibility for the contract after about one and a half weeks of the leak. WHO IS FOOLING WHO? I feel the VP is just trying to coverup for the misdemeanor of the presidency.

      • 2015 Progress

        Very correct, just too late a cover up and unfortunately an ordained pastor, what a disaster.

    • Akiika

      You told yourself that story and you are going with it. It doesn’t make it true. Buhari’s and Osibajo’s signature can’t be the same, so at some point, whoever signed it will be revealed.

    • Lanre

      Prof Osinbajo needs to speak out on this before I finally make up my mind. I have a feeling we have another Oladipo Diya in office. An Ogundipe in the making. I am just waiting for some confirmation before I affirm.

  • www.electionoffenders.ng

    You give benefit of doubt to people or organizations who have a history of proper and upright behavior.

    Im sorry, but this government (despite their ‘best’ intentions) DOES NOT have a history of proper and upright behavior.

    Do not ask me to list the many occasions critical matters of state have not been handled appropriately

    Without directly casting aspersions on the integrity of the President or the VP; there is something amiss in this story.

    The fact is that the enlightened middle class and ‘ social/opinion influencers’ are noting all these things.

    Will it be easy for Buhari/Osibajo/APC to convince the people that they managed the mandate given to them and handled the leadership of this country in a responsible and transparent way so far?

    The worse thing to do it to lie to the people with a straight face. They cant be fooled.

    Again, I dont have the facts to speak with a full confidence but i think we can all safely say; something is amiss in this story.

  • Akin Falegan

    People, please don’t take your eyes off the ball. Let’s give the VP the benefit of the doubt that he is telling the truth, that he approved N640 million approx. $2 billion out of the $25 billion contracts awarded, who approved the remaining $23 billion. We are waiting for NNPC to tell us this, was it Baru cavalier action or who did? We need to know. Don’t let them distract you, and this is no time for celebration for the supporters of this government, there is a gulf of difference between $2 billion and $25 billion, we need more information or rather clarification.

    • Sam

      There is nothing like 25 billion dollars contract, the NNPC had responded and explain that kachukwu was being dramatic to have placed figures on that memo .he got you too

      • Emmanuel

        Why didn’t NNPC give its own figures when they replied….Let us be objective in our contribution to burning issues in the country, the whole saga smears of fraud and cover up…let us call a spade a spade…irrespective of our party affiliations or sentiments.

        • Akiika

          What is the saga? the allegation is that due process was not followed which had been debunked. You went by your confirmation bias by not believing it, it’s on you. The fraud and cover up allegations are your opinion. You are the one that is not objective here.

        • Sam

          They did, do some research before taking a stand.

      • Akin Falegan

        Sam you can’t believe what you just wrote. If Kachukwu had inflated the amount he would have been fired from his job by now and the whole paperwork would have been furnish for all to see. Sir, this is a cup out in the least if not an outright fraud that stinks to high heavens.

        • wode

          It seems some of you finds it difficult to think properly just because of hatred. You’re just given a bait by someone just playing to the gallery and you did nothing than to swallow it hook, line and sinker!

          Ask yourself, how much is $25B, even in the exchange rate as at today? To be modest, let’s assume it’s N360 to 1USD. Do the simple conversion. It would give you about N9 Trillion? How much is the entire Nigeria budget for 2016 or 2017? FYI, it’s about N7 Trillion. Has Nigeria even realized anything close to that? You mean one or two fictitious contracts would gulp such a huge amount? Does it even make any sense to you?

          You see? Hatred is a burden. It blinds, it retards. It kills. You need to purge yourself off it.

          • Patrick Otobo

            and what of when SLS lied that $40B of oil revenue was missing? You believed it then. I hope we can all be objective always and not when it is convenient. Justice!!!

          • Someone

            and now SLS is stealing Kano money with protection from this govt.

          • obiora

            Mr Wode this($25 B) is the Value of the Contracts. Payment will come later after the Business and not before. That is why the Thieves are shouting that no Money is lost. But when the Contrcts lack transparent by awarding it will also lack in Payment.

          • wode

            I understand, but that stated amount is too huge for somebody to sit on it or planned to bury it under the carpet. The whole money that Dasuki is being tried for is less than $10B, as far as I know. So, $25B is so huge an amount and I find it very difficult to believe all Kachikwu’s claims. I think the Press need to pressure him to provide evidence of his claims. He can’t just make a claim that is not well backed by verifiable evidences. The ripple this is generating is just too much than to be given a piece of an information without having it proved beyond reasonable doubt. If not done, somebody would come out to say something similar in future.

          • Akin Falegan

            First, I rarely join issues with faceless people who are afraid of their identity that they must hide with a pseudo name.

            Second, contracts are awarded for period of time, could take years to execute, now you can guess who doesn’t think properly.

            Third, you must have just awaken from coma to get flabbergasted about the amount the man quoted when this very government you seem to be defending have been throwing huge amounts around as stolen directly from the government’s coffers. Any you didn’t say anything then, oh! you must have been in coma at that time just woke up.

            Fourth, Nigeria economy is huge and 9 Trillion naira is not unthinkable, obviously you don’t understand anything about economics. The budget does not determine the size of the economy sis/ma.

            Lastly, asking for accountability is not hatred go check the meaning of hatred, I hope you have dictionary if not try google.

            Anyone, in public office should know he/she is there in trust of the people’s common wealth and welfare, therefore they are answerable to the people. Don’t let probing questions gore you to lose your head.

          • pambegua

            If you believed PMB/Osibanjo will loot invisible #9trillion Naira then your head is really loose.

          • man leader

            You said it “hatred is blind” and thus your blindness. Let’s assume ALL that Kachikwu alleged are false. Why is it difficult for you to suggest setting up a panel to investigate ? . Truth has no second face. Unfortunately Buhari and his administration have made us believe they can never be TRUSTED. When you are not TRANSPARENT, you give room to speculations. A matter as simple as WAEC certificate, Buhari could not put it to rest. Even when he was gravely ill, his lying minister Liar mohammed shamefully told the world he is “hail and hearty “.. Buhari neither disclosed his ailment nor cared to give account of his medical expenditure. I’ll have no choice than to believe anybody who turns out today and claims Buhari spent 9 billion naira for his treatment. Can you, in your skewed mind tell us if Babachir and DG NIA are guilty or not ? Buhari skipped an FEC meeting to RECEIVE the investigation report on these two. It’s weeks now and the man has said nothing. What’s wrong with you. You refer to people demanding justice and transparency as HATERS. You must be a CRAZY HATER

      • wode

        They won’t believe that. They just want it to be the way they think it should be. Anything to the contrary is not true as far as they are concerned.

    • Gbola

      Which 25 billion ??

      • deji 3SC (Up shooting)

        You see now..lol

    • pambegua

      Ask Kachikwu because out of the 10 companies the $25b contracts were awarded to he recommended 7 out of the 10 companies. Just because three companies that he was not aware or he did not get 10% cut from them he is now complaining. Make I hear another word Jor

  • Sword of Damocles

    The vice should have consulted Kwachuku, or asked if Baru had done so, since he insisted upon this for personnel changes. Yeah, this admission stinks…..

  • Chuma Anierobi

    How many contracts did Jonathan award as VP or as President? Nigerians need to know.

    • Akiika

      What’s the correlation?

      • Hah!

        I wonder. Please ignore these shameful fools.

  • deji 3SC (Up shooting)

    Shame on wailers. Laolu Akande, Osinbajo Spokesperson has confirmed that Osinbajo approved the NNPC contracts.
    They tried LiePOB, they failed. Now this… They will continue to fail…

    • Gbabe!!!!!!

      @disqus_lJ4FgIcsAB:disqus

      NO, IT MEANS THAT OUT OF THE $25 BILLION NNPC CONTRACTS

      YEMI OSINBAJO SIGNED TWO (2) BILLION DOLLARS OUT OF IT, AND,

      MUHAMADU BUHARI SIGNED THE REMAINDER $23 BILLION TOTAL.

      • deji 3SC (Up shooting)

        And?

    • Oracle

      All or some of the contract?
      Let’s wait for another 2 months or years to know who signed the rest of the contract.

      • deji 3SC (Up shooting)

        While he was acting, he approved some of the contract.

    • smart G

      Kachikwu is talking of 7 trillion not 640 billions. 640 billion is chicken change of the alleged scam.

      • deji 3SC (Up shooting)

        The problem is that many cannot read and understand. Kachikwu did not allege that money was missing. Don’t just read sensational news headline. Read the body of the news..

      • Darlington

        It’s 9 trillion naira.

  • Timothy

    Ok…its either speculations made by this media Premium Times has made govt to come out….I know there could be commotion in the house of Fuji as when the news broke…none could collaborate or deny or even make any comment…so far as bits and pieces of information are deduced from what we know and some speculative sources by media houses it is becoming clearer to me that something went wrong…Kachikwu spilled what he shouldnt have and not its in the public domain how to manage is a problem…even Sahara Reporters had it on their site that Kachikwu never really met Buhari and all he met was aids to the president….now that is something speculative also…then there’s a news in Punch that both men met and agreed to work together for the interest of the nation and the sector to make it better…talking about the PIB Bill in the Senate….now its either the we went to fast and speculated and now its dropping bombshells on our faces. Hahahahaha…Who knows whats next….maybe we will hear the companies belong to wife of Buhari or even Atiku…what a mess

  • Akiika

    Premium Times reported that the contract may have been signed by Buhari on sick bed, the person you claimed was on life support or cloned. You latched on the hearsay and some of you even concluded that Buhari stole the money.
    Now that the VP has come out that he in fact signed the contract, you don’t believe it.
    For the avoidance of doubt, most of you are inflicted by hate and bigotry, anything that does not fit your sentiment is not true, but you are quick to refute the most obvious fact based on your confirmation biases.

    • john peters

      so it must take the vp 3wks to come out to clain he signed it,all this are politics (covering fraud and corruption) under apc govt,the truth is that kachikwu touched their anointed nnpc baru of daura north which buhari never expected.ibe kachikwu should resign or regret it later

      • Akiika

        Where is the fraud and corruption? If you check back on the original issue, it is about due process not followed, not money stolen. Are Northern people not Nigerians? you guys are just rabble-rousers raising dust out of nothing. Well, fact is the fact. Buhari and Osibajo can never have the same signature for sure.

        • Someone

          nonsense. when due process is not followed it s because you have suspicious motives.

          • pambegua

            Did kachikwu followed due process when he was GMD NNPC? Just because Baru refused to give all the contracts to Kachikwu cronies he is now crying foul. What is good to the goose is also good to the gander. Kachikwu should hide his shameful face and stop accusing PMB unnecessary

          • Moneyz N Horseyz

            2 wrongs don’t make a right and coincidentally both men are appointees of the same administration.

          • Akiika

            What are the suspicious motives?

    • thusspokez

      anything that does not fit your sentiment is not true

      We are doing rational debate here-o — not feeling and emotion — therefore, any statement which is not logical, you must reject as it is false.

    • aisha ani

      Thank you, what is written above is not the statement issued by the vice president’s office.

  • Oracle

    What amazed me in all this saga was that: kachukwu’s memo was dated far back as August, official memo for that matter. No record of official response or reply in line with his protest until there was a leak to the press. Now the VP’s office claims responsibility for the contract after about one and a half weeks of the leak. WHO IS FOOLING WHO? I feel the VP is just trying to coverup for the misdemeanor of the presidency.

    If I may ask, is the NNPC board or the office of the Minister of petroleum (state) part and parcel of the contractual due process or not? Or is it just a mere Political office without any real portfolio nor responsibility?

    Nigerians may not know the truth, BUT THE PRESIDENCY DEFINITELY KNOWS THIS IS FAR FROM THE WHOLE TRUTH!

    • Abate Dokpu

      You guys are just impossible. Go and read the NNPC Act and the Public Procurement Act before you make further comments on this issue. Perhaps the oracle needs a little boost?

      • thusspokez

        So what exactly is your point? It may not have occurred to you that some of us have downloaded the NNPC Act — it only took a few seconds — and actually read it? However, if you think that we are short of knowledge on the Act, have pity on us, and “school” us-o!

    • Lanre

      Thank you for your deep questioning. Nigeria was lost a long, time ago. Some of us have been telling you. A Professor and a pastor. Ok. I am waiting for Prof. Yemi Osinbajo to talk before I make my mind up (on this relative of Chief Obafemi Awolowo) finally.

  • Forensico

    @disqus_lJ4FgIcsAB:disqus

    If Alhaji Baru were not a dyed-in-the-wool crook beyond redemption he would apologize for insulting Nigerians
    last week when he said that the contracts as a whole could not be quantified in monetary terms. That was the
    most illiterate statement ever made in Nigeria by a government official. The same NNPC, which Alhaju Baru
    heads, later issued a press statement from its public affairs division yesterday that two of the contracts
    were worth 640 billion Naira which Yemi Osinbajo signed and admitted to have signed (irregularly).

    How did the Public Affairs division of NNPC know the monetary value of each of two
    contracts involved whilst the GMD Alhaji Baru; as GMD of NNPC, did not know any
    value of any of the contracts totaling $25 billion?

    First of all, it means taking just those two contracts alone Alhaji Baru, who is GMD of NNPC, has presumptively
    committed a financial crime by singularly approving 640 billion contracts without recourse to the Board of Directors
    and without recourse to the supervising Minister.That financial crime is a felony under Nigerian law. Alhaji Baru is a
    sitting duck on the facts as they stand today. There will be a lot more to be uncovered; including naming the person
    who signed the remainder $23 billion NNPC contracts, since Yemi Osinbajo admitted to signing only $2billion out of it.

  • forestgee

    No details needed; it is an after thought to same face. This government is something else, falsehood, propaganda everyday.

    • Oracle

      Loud and clear

    • BABUYANMA

      Kachukwu DISGRACED? Ibola LOST again

  • wode

    Hatred and subjectivity are two big deceases. They are heavy burdens. Whoever is inflicted or entrapped in any of them is indeed possessed in lifetime paranoid and enslavement.

    • TAWANDA INCOMMUNICADO

      We all know it is a cover up….

      • Julius

        I bet you do just like you believe that kanu was killed by the Nigerian army. Right ? If I can pull out all your fake believes you will cover your face in shame. Oh wait, you are shameless…my bad !

  • Gary

    Last night the witch cried (via the trial balloon of saying Osinbajo signed the contracts). This morning the baby died on schedule. And they insist that the evil witch had nothing to do with the death of a healthy baby.
    Now that Yemi has agreed to help his Master save face, there is still the outstanding issues of whether due process was followed in the awarding of the contracts and if Baru’s management appoints were similarly authorized to circumvent Federal Character principles as enshrined in the Constitution.
    Did Osinbajo or Buhari also approve that Maikanti Baru should violate the Constitution? Olisa Agbakoba has already taken that before the courts while the Senate is independently probing the scope and processes of how Baru wasted $25b in contracts in just one year as GMD of NNPC.

    We await developments as it’s clear that we are yet to hear the last of this saga, try as they may to sweep it under the carpet.
    Maikanti Baru has shown that he is no different from Allison Diezani-Madueke in his corrupt handling of the affairs of the NNPC.
    As usual, we have only replaced an Ijaw thief with a Hausa-Fulani thief in running Nigeria’s cash cow. That’s the story of Nigeria in brief.

    • man leader

      You wonder which thief is better: An educated thief or an infirm crook

    • princegab

      Bravo bravo well said, thanks.

    • Lanre

      Thank you for your comment. Nigeria will never progress and you will continue seeing things like this. Democracy does not mean that your elected rulers are allowed to steal. No. They don’t steal public funds like this in functioning democracies everywhere that I know. Thieves claiming to be politicians should not be allowed to loot the resources of a people under the guise of democracy.

  • Someone

    does this mean Baru lied to osinbajo that he’s already spoken to kachikwu????

    nass should investigate it.

  • Patrick Otobo

    Does Vice President Osinbajo have the authority to approve N640B contract without presenting it to Federal Executive Council??? Something is smelling!!!! Like Deziani Like Baru!!!

    • Passionate about Nigeria

      Abi o…this raises even more questions….does the VP have the power to approve a contract of this value…. when they are in a hole they need to stop digging!

      • man leader

        On the other hand, I’m concerned about the VP’s faith. This man should be reminded that he is supposedly a pastor and God hates injustice, especially for those in authority. Choosing to unjustly defend Buhari at the expense of Eternity! Pastor Osi. Think about it.

        • wode

          And you think you’re better than him. You think you are more pious? Apart from the letter written by Kachikwu, what other evidence have you seen regarding this issue? You don’t have any fact and you’re trying to malign the person of the VP. It’s just unfortunate.

          • man leader

            Unfortunately you’ve allowed your unwarranted anger to overwhelm you. First; I’m not in position of authority like the VP. Secondly, I don’t have any “other evidence”. But that will not stop me from expressing my CONCERN about the matter and the VP’s expressed stance as a Christian and a PASTOR. If you are privileged to have more evidence, you kindly share it. That will help allay my concern. As for his boss, your president Buhari, he is a known crook. It’s not a secret. I have evidence.

          • princegab

            By your comments, you malign the person of kachikwu. You’ve recommended him for a sack. Question for you sir, where was the vp before now?

      • princegab

        Let them dig through. Where was vp 24hrs earlier? If i may ask

    • wode

      Now, the story is changing again. It was Baru that was the issue, then it’s PMB that approved while on sick bed, now it’s about VP, whether he has power to sign/approve contract as an Acting President. Just imagine!

      Has any of you asked Kachukwu to presence evidence substantiating his claim that was debunked by NNPC? It’s only his letter that’s contrived that all of you believe.

      • man leader

        Can you tell us why we should not believe it.

      • Moneyz N Horseyz

        A forensic investigation would provide answers to all the questions, that I can assure you.

      • princegab

        We believe all of them. Pmb is a saint.

  • Hah!

    Great News. Shame to the contradictory Premium Times. Yesterday it was President Buhari that approved the contract, Today is Acting President Osinbajo.

    • princegab

      Why PM? if vp decided to participate in the jamboree, it’s the duty to PM as a newspaper to tell us. And that’s all they are doing. Wait for more details later, they said.

  • obiora

    It is imposible for a greedy Man to see the Kingdom of true God. Is this one a Pastor for the Lord or of Money. Partners in Crime Like Buhari Like Oshi-baje.- Nigerians Two Crooked Tribes in Black Africa(Yoruba/Fulani) are Ruling You. Black people you are in Troble.

  • 2015 Progress

    This sounds and looks more magic like movie clip, the more you look the less you see. One story today another tomorrow and yet another days to come.
    Why did it take the Vice President so long to come up with the latest twist and final attempt to muddle the saga.

  • aboki

    VP Osinbanjo has presented his case by confirming what took placed coupled with two submissions earlier by BARU on matter is glaringly evidence to give the doubting Thomas rest of mind .
    However with sentiments and inbuilt HATRED they remained resolute with their negative beliefs, going through the comments below.
    When KACHIKWU presented his case it’s was like a devine message to these noise makers.
    The government should be given the benefits of doubt with fair assessments on VP Osinbanjo responsed.
    There are other revelations on this matter which the WAILERS refused to notice especially 7 firms that was brought by Kachikwu in the award of the said contracts.
    Let us shame the devils and tell the truth.

  • Someone

    maybe premiumtimes made a mistake. when the nnpc response says Mr. President approve. is this osinbajo or buhari? there was no real reference to buhari. premiumtimes didn’t ask the question very well, nor did Baru said he met buhari in london for approval. correct if am wrong.

  • Jon

    Hey Mr. Pastor, Why did you keep mute all along knowing fully well that you were behind the big oil scam deal? Scam, due to the magnitude of the inflated contract and at the same time not following the laid down procedure of approving Niger Delta oil contracts to the parasitic slave masters – Hausa/Fulani invaders and terrorists.

  • Darlington

    I pity Osinbajo. Fulani oligarchy looting mercilessly & Osinbajo is being used to cover up their stained tracks. Osinbajo simply told us that he single-handedly signed it without the input of Minister of State for Petroleum, Ibe Kachikwu & the entire NNPC board. Federal Executive Council was not even consulted. Pastor my foot!

  • Alli

    So, Osinbajo too could allow himself to be caught in this their web of hypocrisy? How on earth would you as the Ag. President approved such an amount and the supervising minister of the ministry was not in the know? It is not new that the government of the day is a sectoral government. “Govern your area, let me govern my area”. No synergy, no alluignment. That’s why EFCC Magu and Attoney General are always at loggerheads; Itse Sagay and NASS always at cross road; Garba Shehu and rodents are strange bed fellow. The list is endless. This is shameful. Government founded on falshood, deceit, lies, propaganda.
    Meanwhile, there was a report before now that Buhari gave approval to the NNPC deal from his sick bed in UK. Now, it is Osinbajo. Let the propaganda, lies, deceit continue, we’re watching.

  • Col. Maryam

    I am glad that some of you young ones are starting to understand this fight on corruption mantra designed to lull the country into believing that change has come to Nigeria. It is still business as usual except that the scale of looting, malfeasance and corruption now defies comprehension. How could Buhari have signed all these contracts from his sick bed when the man was practically sedated for most of that time. The man could not even address the nation during that period for crying out loud. Folks, things are happening right before your eyes and you continue to stare into empty space, dazed, stupefied and totally discombobulated. They just shared at least $28 billion dollars within a short period of time. I am sure the amount is much more though. Buhari’s war on corruption is nothing but a good bumper stick. Too bad that the PDP is out of its rocker as it is not in any position to take the ball and run. I have my theory why this is happening. How much loan did Buhari want to take for “infrastructure development”? No be $3o billion him want? Where will the bulk of that loan be spent?

    • aboki

      Storyteller .
      Tale by the MOON LIGHT.
      An elderly person indeed!

  • Ladi Akindele

    An interesting afterthought! Why am I surprised!

  • Jon

    Have we not been told that black man/woman cannot rule themselves? Check anywhere in the world with black population.

    • Ubong

      Pastor Osibanjo if you had approved these contracts the GMD would have stated it from day one. You are just a liar and you are doing this shameful act to the nation and generation yet unborn. Please tell us if you also approved the appointments made by the GMD without the knowledge of the Minister of state for petroleum. Mr Pastor and lawyer Osibanjo, haba, why reducing yourself to act the scripts of satan, accepting to take the position of Lia Mohammed to lie to those you are suppose to show good example., So you choose to undermine the minister of state for petroleum and sidelined him in all these action that you have accepted to lied about to probably defend your party and not the President , who is more politically shrewd than you. Its shameful that you preach and shepherd congregation as a pastor but choose to have passion in lying just for political exigencies. It is why when you issued orders to IOCS to locate their operational offices to communities where oils are exploited, it was ignored. You issued order for the arrest of o those delusional Arewa old men calling themselves youths, the IGP and his men ignored the order. You gave these orders as Acting President and Commander in Chief and there were stoutly ignored. Its is shameful and I salute President Buharii for his maturity and political shrewdness to put you out to lied to yourself and not sane Nigerians.

      • Bassey Frank

        Osinjabo has denied signing the contract. Matter closed.

        • ubong

          Am not against him because I cannerot create human beings. However my concern is our VP coming out on national tv to say he approved wherever name (BARU says contracts but then Acting President Osibanjo called it loans). It is pure imagination. I do not see One Kaichukwu lying just to embarrass this government. The GMD avtion iwas clear violiaton and did it with someone higher backing him . Osibanjo was not in the picture in both loans and appointments approved. He is just acting to protect the party and his body language on t.v. clearly show he was aware of what he eas struggling to explain

  • Akin Falegan

    What is at stake is more than what a lot of people are factoring into these issues. It is totally unconscionable for anyone to try under any guise at all to defend the atrocities of this government or any government for that matter, remember this timelessly relevant words “The world will not respect Africa until Nigeria earns that respect. The black people of the world need Nigeria to be great as a source of pride and confidence. Every Nigerian citizen should be made to understand this truth” Nelson Mandela. Calling people names because they ask for scrutiny and accountability for public office holders is repulsive. Scrutiny and accountability is a must in democracy for it to thrive and flourish. People must wise up and realize a lot rest on Nigeria as a nation and Nigerians as a people. I believe we are up to the task, but foolishness engendered by selfishness must be jettisoned forthwith.

    • Sword of Damocles

      Speak on it Black Man. Strength & Honor. To hear another Black man other than my self utter these words gives me immense pride

    • Tola

      I like your quote but knowledge is quite important here. The minister talk of various ‘financing allocation contracts’. We need to know what it means. We have JV arrangements with NOCs so there is an arrangement to agree work programs. Also since we couldn’t pay our share of JV funding, it is quite plausible that JV operator could source for funds which will have to be approved by JV partners. So you could approve a loan and also approve work program (including contracts) together. Unfortunately the airwaves have been taken over by lawyers without knowledge of what is involved. The only issue I see here is bypassing the minister. More importantly, I am surprised that agreeing work programs gets to politicians. No wonder many of the NOCs are leaving. This will slow things down badly. NNPC should be dismantled and privatized.

  • Liberty

    Although it came short of naming who approved the awards, NNPC had always say it secured Presidential approval for its actions.

    We must also take this together with its position on what the roles of the Chair of NNPC Board are, especially with respect to this vexatious issue. Whatever may be the infractions that will eventually be established against Dr Baru regarding this issue, methink it will border largely on morals as against legality of the decision of NNPC management.

    The NNPC Act that permits delegation of authority and still permits both the original holder of authority and the recipient of delegated powers to co-function is certainly precursor of crisis.

    • Someone

      very good comment.

  • man leader

    @ wode
    I was going to call you a moron, but hesitate. Go and read the latest update: The confusion between your VP and his supposed spokesman Akande. That’s what happens when you lie. You have to keep lying to cover the BS

  • Sword of Damocles

    My understanding is that the Vice President clarified later on Thursday, that what he approved as acting President were 2 NNPC loans rather than CONTRACTS. So the question remains who signed the Presidential approval to the tune of $1.7B on two occasions in July 2017. Because with the denial of the only person who had presidential authority under the Constitution of 1999 in the month of July: Yemi Osinbajo, the signing of those contracts is now HIGHLY PROBLEMATIC. If it was the President, one enters the realm of “high crimes & misdemeanors”. If it is the treasonous cabal of Kyari, Funtua, and Daura, then we are looking at sedition and treasonable felonies against the FRN. I hope it is the latter, but either way it will expose the rule of law in Nigeria for the joke that it is. I think we need only new blood politicians in Nigeria. the old people who have wrecked Nigeria dont want to retire to their villages, rest & enjoy their stolen, blood-soaked loots (PDP, APC, all current politicians included). Imagine people who were on the scene as far back as the sixties & seventies are still there. Nigeria’s youth no matter there achievements must be given a chance to serve their country, after all they could no worse than the “oldies but baddies” we currently have.

  • Anonymous

    I have never ever seen a more lying and dishonest government, a government of cover up worse than PDP, God is watching all of them, most especially the VP Pastor who takes a demon as a father and would lie for him.

  • Pa Egede

    This is just the beginning, even VP, the God of Nigeria will expose all lies made by you old men to punish poor Nigerian citizens, keep aiding and abetting on the name of fighting corruption.

  • Mizch

    Being a lawyer and s pastor is a bad mix.

  • newday

    VP always the fall guy