TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

NNPC’s nine trillion Naira – The Nation

The Citizen by The Citizen
October 9 2017
in Public Affairs
A A
0
NNPC’s nine trillion Naira – The Nation
  • We want answers and we want them now

The nation did not expect that, under the Muhammadu Buhari administration, a whiff of scandal could ever come near the austere man who has risen in the esteem of many as the image of rectitude in a world of suffocating filth. The minister of state for petroleum, Dr. Ibe Kachikwu, stunned us with his epistolary tirade about what he described as the shady doings of the Nigerian National Petroleum Corporation (NNPC).

We must say that, as a newspaper, we are disappointed that up till the time of writing this piece, the president has not voiced a word to the Nigerian people. Whether the allegations are true, or partly true or woefully false and misleading, the Nigerian people do not deserve the silence from the highest democratic office in the land.

The allegations are weighty, and the implications too ominous for our prosperity, for the president not to say a thing about them. In spite of the focus of the letter on the NNPC group managing director, Dr. Maikanti Baru, and his alleged serial acts of impunity, he roped in the integrity of the president. Hear him: “in most of these activities, the explanation of the GMD is that you are the minister of petroleum and your approvals were obtained.”

Other than the fact that Dr. Baru heads the corporation, the scandal is an arrow that goes straight to the heart of President Buhari. Dr. Kachikwu lined up the impunities as amounting to $25 billion, which in local terms is equivalent to N9 trillion, rivalling our national budget.

The crimes were that the contracts were signed without recourse to the board. The limit for Dr. Baru is $20 million, which is even too much latitude in the hands of a government employee. The contracts include: 1) The crude Term Contracts at a value over $10 billion. 2) The DSDP contracts valued at over $5 billion. 3) The AKK pipeline contract – valued approximately $3 billion. 4) Various financial allocation funding contracts – valued at over $4 billion.

He adds, “There are many more, Your Excellency.”

The minister of state stated that he and some of the board members learned of the transactions via social media and the newspapers. He characterised Dr. Baru as running a “bravado management style.” There are a few other searing points raised in the letter.

One, Dr. Kachikwu alleged that as Dr. Buhari’s deputy in the ministry, he tried without success to secure an audience with the principal officer in the ministry.

Two, that he had written Dr. Baru on these matters and the MD ignored him.

Three, that appointments were made without consulting the board and the Board Services Committee held the right to review potential appointees.

Four, he said Dr. Baru’s attitude ran counter to the president’s standards of morality.

It is baffling that, as minister of state, Dr. Kachikwu could not have access to the president until he wrote the damning letter. He was slated to meet the president October 4, but was put off to the next day. In a normal, serious working milieu, a minister of state should be just a phone call away from the minister of petroleum. If this is not true, it creates a very bad impression of the president’s working sense of administrative hierarchy in Nigeria’s honey pot, the NNPC. It also gives the painful impression that the managing director enjoys a favour that neither the rules nor decency entitles him. He therefore makes the position of the minister of state sinecure.

That Dr. Baru has allegedly treated him with cold contempt and worked without recourse to the law is so serious we want to know whether the president was aware of this. If he was aware, he must have shown a condemnable detachment from that valuable part of the Nigerian economy and allowed indiscipline and contempt for order and rules to thrive while his administration puffs about its devotion to integrity in office.

The board was quiet through all these, and we might never have known of these things if Dr. Kachikwu did not squeal. We are assuming that the contents of his letter are true. The board itself has drawn angry public flak for its brazen ethnic lopsidedness and the inclusion of the president’s chief of staff as member.

During the Jonathan administration, the president’s party, the All Progressives Congress (APC), railed at the seedy stories of corruption. He even said famously that “if we don’t kill corruption, corruption will destroy us. If Kachikwu has said the truth, it means the president is presiding over what he condemned in his predecessor.

Since he was sworn in, his Economic and Financial Crimes Commission (EFCC) has unleashed its fangs on some of the big players of the Jonathan era. They include the relatives of the former President, including his wife Patience, Sambo Dasuki, his national security adviser, Diezani Alison-Madueke, the president’s predecessor as oil minister and a host of others. They have taken the quality of a soap opera and have levitated the profile of the Buhari administration as the icon of integrity.

Dr. Kachikwu noted in the letter in perhaps the most frontal passage: “I know that this bravado management runs contrary to the cleansing operations you engaged me to carry out at the inception of your administration. This is also not in consonance with your own renowned standards of integrity.” This is at once a lurking indictment and adulation, or an indictment that comes as flattery.

We must note that a scandal that consumes N9 trillion is no small matter. It is the biggest scandal in our history, only exceeding the N2.8 billion scandal of another era.

There are questions the president must answer and quickly. What was the role of the president in these contracts? Did the president subordinate his role to that of Dr. Baru? What were these contracts, how were they awarded and to whom? How far have these contracts been executed? How were the contracts resourced? Did the managing director tell the president? What did the board do when it heard of these contracts?

It is clear that much as Dr. Baru is the man in the centre of the contracts, it is the president that should answer these questions. He is not only the head of government, he is also the chief accounting officer of Nigerian oil.

What has happened with the NNPC is what the nation has witnessed in other areas. For instance, the vice president has since submitted a report on secretary to the government of the federation, Babachir Lawal, and Ayodele Oke of the National Intelligence Agency, but the president has frozen the documents in his vault. Recently, the head of the National Health Insurance Scheme, Usman Yusuf, was accused of impunity and contempt for due process by health minister, Isaac Adewole. When he was suspended, he defied the minister’s authority. The report of the inquiry is with the president but he has neither acted on nor spoken about it. This sort of attitude has tended to confirm charges of ethnic bigotry and nepotism at the president.

Dr. Kachikwu’s charges do not call for any cynical panel of inquiry that may fade away with time. We want answers and we want them now. The nation cannot afford a cabal that presides over our money as though the rest of us do not count and own this country together.

Previous Post

Nigeria and the World Cup ticket – Thisday

Next Post

Buhari, be decisive on Kachikwu’s memo – Punch

Related Posts

Recycled leaders, Recycled problems – PM News
Politics

Recycled leaders, Recycled problems – PM News

May 26 2026
Bandits attack Katsina govt bus, abduct passengers
Public Affairs

Don’t allow insurgents to kill education – Punch

May 26 2026
Hepatitis: Rescuing Nigerians from needless deaths – Punch
Public Affairs

Hepatitis: Rescuing Nigerians from needless deaths – Punch

May 22 2026
Mass failure: JAMB, VCs to review UTME results Thursday
Public Affairs

UTME reforms, admissions waivers – Punch

May 20 2026
In 2027 elections, voter apathy looms large – Punch
Public Affairs

In 2027 elections, voter apathy looms large – Punch

May 18 2026
Oyo school attacks: A call to action for South West governors – Punch
Public Affairs

Oyo school attacks: A call to action for South West governors – Punch

May 17 2026
Next Post
Buhari signs int’l treaties to boost anti-graft war

Buhari, be decisive on Kachikwu’s memo - Punch

Morocco bids to host 2026 World Cup

15 nations qualify for 2018 World Cup ...as Ghana appeals to FIFA for Uganda rematch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Alaafin urges FG to strengthen native intelligence after Oyo school attacks

Alaafin urges FG to strengthen native intelligence after Oyo school attacks

by The Editor
May 17 2026
0

...

Gov. Adeleke deposes Oba Joseph Oloyede, Apetu of Ipetumodu

Gov. Adeleke deposes Oba Joseph Oloyede, Apetu of Ipetumodu

by The Editor
May 12 2026
0

...

Ebonyi State lifts 3-month curfew after bloody boundary crisis

Ebonyi State lifts 3-month curfew after bloody boundary crisis

by The Editor
May 5 2026
0

...

Ondo community begs Gov. Aiyedatiwa to intervene in regent appointment crisis

Ondo community begs Gov. Aiyedatiwa to intervene in regent appointment crisis

by The Editor
April 30 2026
0

...

APPOINTMENTS

Elumelu joins Seplat board after $496m share acquisition

Elumelu joins Seplat board after $496m share acquisition

by The Editor
May 21 2026
0

...

Tinubu appoints 39-year-old Prof as new JAMB registrar

Tinubu appoints 39-year-old Prof as new JAMB registrar

by The Editor
May 21 2026
0

...

Soludo reshuffles power structure, swears in 18 Commissioners

Soludo reshuffles power structure, swears in 18 Commissioners

by The Editor
May 18 2026
0

...

Tinubu creates Homeland Security adviser role, appoints ex-army general

Tinubu creates Homeland Security adviser role, appoints ex-army general

by The Editor
May 11 2026
0

...

ODDITIES

Bus driver stabs transport officer to death in Calabar

Bus driver stabs transport officer to death in Calabar

by The Editor
May 26 2026
0

Hoodlums kill Imo nursing student

Hoodlums kill Imo nursing student

by The Editor
May 22 2026
0

Police arrest officer for threating to kill anyone recording him on duty

Police arrest officer for threating to kill anyone recording him on duty

by The Editor
May 21 2026
0

GLOBAL NEWS

Pope Leo XIV apologizes for Vatican’s role in legitimizing slavery

Pope Leo XIV apologizes for Vatican’s role in legitimizing slavery

by The Editor
May 26 2026
0

...

2026 World Cup: Our host is FIFA, not Trump or America– Iran

Iran accuses US of violating ceasefire

by The Editor
May 26 2026
0

...

Senegal: Ousted Prime Minister Ousmane Sonko emerges national assembly speaker

Senegal: Ousted Prime Minister Ousmane Sonko emerges national assembly speaker

by The Editor
May 26 2026
0

...

Several die after train hits school bus in Belgium

Several die after train hits school bus in Belgium

by The Editor
May 26 2026
0

...

Sierra Leone welcomes first US deportation flight under Trump crackdown

Sierra Leone welcomes first US deportation flight under Trump crackdown

by The Editor
May 22 2026
0

...

State of the States

Kano closes schools for Eid-el-Kabir

Gov. Yusuf approves N20,000 Eid package for Kano civil servants

by The Editor
May 26 2026
0

...

Benue governor secures return ticket

Benue governor secures return ticket

by The Editor
May 22 2026
0

...

Lagos restricts access to magistrate courts, denies ban on sureties

Lagos restricts access to magistrate courts, denies ban on sureties

by The Editor
May 22 2026
0

...

Kano closes schools for Eid-el-Kabir

Kano closes schools for Eid-el-Kabir

by The Editor
May 20 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Police arrest mother, daughter over N18m romance scam

Police arrest mother, daughter over N18m romance scam

May 28 2026
Fubara’s brother declares Rivers governorship ambition, vows to serve one term

Fubara’s brother declares Rivers governorship ambition, vows to serve one term

May 28 2026
Atiku takes early lead in ADC presidential primaries, wins five states

Atiku wins ADC ticket, seeks unity with Amaechi, Hayatu-Deen

May 28 2026
US accuses Nigeria Police, Army of colluding with Fulani militias to launch attacks

US accuses Nigeria Police, Army of colluding with Fulani militias to launch attacks

May 28 2026

EDITORIAL REVIEW

Recycled leaders, Recycled problems – PM News

Recycled leaders, Recycled problems – PM News

by The Editor
May 26 2026
0

Bandits attack Katsina govt bus, abduct passengers

Don’t allow insurgents to kill education – Punch

by The Editor
May 26 2026
0

Hepatitis: Rescuing Nigerians from needless deaths – Punch

Hepatitis: Rescuing Nigerians from needless deaths – Punch

by The Editor
May 22 2026
0

Mass failure: JAMB, VCs to review UTME results Thursday

UTME reforms, admissions waivers – Punch

by The Editor
May 20 2026
0

In 2027 elections, voter apathy looms large – Punch

In 2027 elections, voter apathy looms large – Punch

by The Editor
May 18 2026
0

Opinion

School attacks and the death of ethics

School attacks and the death of ethics

by The Editor
May 22 2026
0

...

The dangers of a one-party state

The dangers of a one-party state

by The Editor
May 5 2026
0

...

Dear Senator Tinubu, Buhari has thrashed us all!

NBC’s real struggle

by The Editor
April 30 2026
0

...

Even INEC admonishes the media?

Even INEC admonishes the media?

by The Editor
April 12 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.