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JUST IN: Buhari in closed door meeting with Kachikwu

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The depot
…As Gov. Ajimobi Pledges Vehicles for Pipeline Security

This is based on revelations by his supervising Minister, Ibe Kachikwu that he bypassed the board of the state-owned oil company to award contracts worth 25 billion U.S. dollars without approval.

Others are Chukwuka Utazi, Rose Oko, Baba Garba and Kabir Marafa.

Kachikwu who doubles as the chairman NNPC board accused Baru of sidelining him and failing to adhere to due process and called for the cancellation of the recent appointments in NNPC.

An NNPC spokesman has said the state oil company is awaiting written confirmation of the motion from the Senate before making any comment.

NNPC which he said operates like a country of its own.

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"The Senate is concerned that this relationship has helped to greatly stifle the growth of indigenous companies operating in the sector".

"Aware that Duke Oil remains the sole importer of AGO to PPMC and Retail, which it does through third party, since it can not import by itself, this contributes in slowing the growth of our indigenous companies that are making giant strides in the sector".

"The Senate is further concerned that money so far earned by NNPC Trading Limited through its subsidiaries such as Duke Oil is not made public and is only known by NNPC officials", Anyanwu said.

Sani said, "President Buhari should disengage from being a Petroleum Minister and appoint a substantive minister whom the nation can hold accountable to the happenings in the nation oil industry".

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