BREAKING: There Is No $25bn NNPC Contracts Anywhere, Says Presidency

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The Presidency has faulted reports that $25bn worth of oil contracts were awarded by the Nigerian National Petroleum Corporation (NNPC) or that $25bn is missing in the NNPC.

This was contained in a statement issued on Sunday by the Senior Special Assistant to the Vice President on Media and Publicity, Mr Laolu Akande.

“No contracts were procured by the NNPC based on the leaked memo of the Petroleum Resources Minister of State, Dr Ibe Kachikwu, even though such impressions have been maliciously created in the past few weeks,” the statement said.

Details to follow

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