Home » World

NNPC: Kachikwu keeps mum after meeting with Buhari

07 October, 2017, 00:12 | Author: Priscilla Morrison
  • NNPC: Kachikwu keeps mum after meeting with Buhari

There was a show of curiosity among pressmen on Friday at the end of the meeting between President Muhammadu Buhari and the Minister of State For petroleum, Ibe Kachikwu.

The allegations, which prompted lawmakers to launch an investigation on Wednesday, include a recommendation that recent appointments by NNPC's group managing director (GMD), Maikantu Baru, should be suspended pending a review.

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

He said further that the company enjoys massive support of NNPC in trading of crude oil in the worldwide market in spite of grappling with the basics of what it was registered to do. "A broom immersed in oil can not sweep clean".




"The Senate has constituted this ad-hoc committee to investigate the policies introduced by the current GMD of NNPC to allocate all products to Duke Oil and carry out a holistic investigation into the activities of NNPC Trading Limited", it said.

He said because of the demands of the presidential office, the president is obviously restricted in his supervisory role as the Minister of Petroleum, under whom Kachikwu functions as the Minister of State of Petroleum.

The minister had said Baru circumvented extant procurement regulations in awarding a series of contracts up to $25 billion, or N9 trillion at prevailing exchange rate of N360 to a dollar, warning of grave consequences the decisions could cause if allowed to stand.

Recommended:



Popular

Fired Construction Worker Kills Foreman, Self at Job Site
A disgruntled former worker at a high-rise construction site killed a foreman and then himself on Thursday, police said. They described the gunman as "a little insane ", but would never have expected this.

Yankees vs. Indians Odds: MLB Playoffs Series Odds, Prediction
The 6-foot-7 Miller was magnificent in last year's postseason, striking out 30 over 19 1/3 innings and winning ALCS MVP award. Their depth, especially on the mound, and home field advantage will be too much for this year's Yankees to overcome.

3 billion Yahoo accounts compromised in 2013 hack
The company also added that they are continuing to work closely with law enforcement, and the US Federal Communications commision. The new information about the breach is coming from an investigation after Verizon acquired Yahoo in a $4.48 billion deal.

Las Vegas Shooting: Paddock's 'Girlfriend' Has Left Philippines
She flew from Manila to Hong Kong on September 22 and returned to Manila on September 25 before flying to Los Angeles Tuesday. Paddock sent the money to an account before setting up a sniper's nest on the 32nd floor of the Mandalay Bay hotel on Sunday.

'Hell In A Cell 2017' Kickoff Show Match Announced
Aiden English via pinfall: Orton RKO'd English after about 90 seconds as well with Rusev watching on from ringside. Kevin Owens has made another huge statement ahead of his Hell in a Cell clash with Shane McMahon this weekend.

Las Vegas suspect was a mystery even in his own retirement town
Public records contained no indication of any financial problems, and his brother described him as a wealthy real estate investor. In the quiet cul-de-sac where Stephen Paddock lived, even his immediate neighbors say they didn't know him.

Marco Rubio Backs State Department Removing Cuban Diplomats from US
Among the symptoms experienced by affected diplomats are hearing loss, headaches, trouble sleeping and balancing difficulties. This comes after the US ordered most of its own personnel out of Havana, citing attacks targeting American Embassy employees.

Brandeis University professors win 2017 Nobel Prize for Medicine
The Nobel Committee does not publish a list of nominees and they have never done it in their 116-year history. "I really had some trouble getting my shoes on this morning". "It took my breath away, literally".

Samsung HMD Odyssey brings spatial audio to Windows Mixed Reality
We'll have more details later today from San Francisco where Microsoft is showing off its mixed reality devices. Halo: Recruit will also be available as a free download along with the Creators Update on october 17 .

Bale out - Wales without Madrid man for final two qualifiers
Ireland have received a massive boost ahead of the crucial World Cup qualifiers against Moldova and Wales . Two wins are likely to guarantee them at least a place in next month's World Cup play-offs.