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You are here:Home>>Strategic Research & Analysis>>Buhari meets oil minister after $25B NNPC corruption allegation letter
Friday, 06 October 2017 15:50

Buhari meets oil minister after $25B NNPC corruption allegation letter

Written by AFRIPOL, REUTERS
Ibe Kachikwu and Buhari Ibe Kachikwu and Buhari

Today President Muhammadu Buhari of Nigeria, met Ibe Kachikwu, the minister of state for petroleum on allegations of corruption in  NNPC in a letter leaked to media this week in Nigeria.


Ibe Kachikwu, "in the letter to the president dated Aug. 30 and confirmed by the oil ministry, said the conduct of the head of the Nigerian National Petroleum Corporation (NNPC) lacked transparency.The OPEC member’s state oil company has been dogged by allegations of corruption and mismanagement for decades. Nigeria, which has Africa’s biggest economy, relies on oil for roughly two thirds of government revenue. Kachikwu did not comment when he arrived for the meeting with Buhari. It is the first time they have held private talks since Buhari returned to Nigeria on Aug. 19 after three months of medical leave in Britain. A presidency spokesman declined to comment when asked about the reason for the meeting.


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. Kachikwu also accused Baru of largely bypassing the board of directors. An NNPC spokesman has said the state oil company is awaiting written confirmation of the motion from the Senate before making any comment."

Kachikwu petitions Buhari over alleged insubordination by NNPC GMD Baru

Kachikwu petitions Buhari over alleged insubordination by NNPC GMD Baru

Kachikwu petitions Buhari over alleged insubordination by NNPC GMD Baru

Credit: Alexis Akwagyiram; Editing by Richard Balmforth

Last modified on Friday, 06 October 2017 16:07

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