The Nigerian National Petroleum Corporation (NNPC) has broken its silence on the recent letter written by the Minister of State for Petroleum Dr Ibe Kachikwu to President Muhammadu BuhariThe NNPC in a letter titled ‘Re: Allegations of Lack of Adherence to Due Process in NNPC Contract Awards’ and signed by the General Manager Public Affairs, Ndu Ughamadu, states that the law and rules of NNPC do not require discussion with the Minister of state before awarding contracts.”It is important to note from the outset that the law and the rules do not require a review or discussion with the Minister of State or the NNPC board on contractual matters but the President’s approval in his executive capacity as Minister of Petroleum, or the Federal Executive Council as the case may be.”The statement adds that contrary to Kachikwu’s claims, he was involved in the contracting process for the crude oil term contracts.“Furthermore, contrary to the assertion of Dr Kachikwu that he was never involved in the 2017/2018 contracting process for the Crude Oil Term Contracts, Dr. Kachikwu was in fact expressly consulted by the GMD and his recommendations were taken into account in following through the laid down procedure,” the statement read in parts.The statement concludes that Kachikwu’s allegations were baseless as due process was followed in the various activities bordering on awarding of contracts.
The Ekiti Governor, who was visibly angry, said the bank's denial shows that there is a conspiracy to implicate him. Top officials of Zenith bank were caught on camera allegedly begging Governor Ayo Fayose of Ekiti state not to expose more details of the transactions that transpired. You will recall that the Governor had earlier revealed that he was funded by the bank and other donors. But the management of the bank in a swift reaction, issued a statement denying Fayose’s claim. The Ekiti Governor, who was visibly angry, said the bank's denial shows that there is a conspiracy to implicate him. Fayose, in a statement signed by his Chief Press Secretary, Idowu Adelusi, said “I stand with my claim that Zenith Bank Plc majorly funded my election in June 2014. “I don’t expect an organisation like Zenith Bank to stay in a corner in matter of national concern like this and be talking. “Rather, I expect the Zenith Bank to issu...

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