“Action was necessary to deal with huge backlog of unpaid cash calls which Buhari administration inherited and also to incentive much needed fresh investments in the oil and gas sector,” he said.
Prior to the Kahiku’s leaked letter allegations against the Group Managing Director Dr. Baru of NNPC, Vice-President Yemi Osinbajo earlier today admits to NNPC contract awarded which was to pay up cash calls of debt inherited by the Buhari’s administration. VP Osinbajo, as Ag President approved recommendations after due diligence and adherence to established procedure.
Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande, confiremed this in a series of tweets via his Twitter handle, @akandeoj and explaining that the action was taken to improve the much-needed investments in the oil sector for the country’s good.
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