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

The Presidency has dismissed reports that $25bn worth of oil contracts were awarded by the NNPC.

It also denied insinuations in certain quarters that $25bn is missing from
NNPC account.


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

Akande said, “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.”

More details later