Vice-President Yemi Osinbajo has stated that the approvals he granted to the NNPC while he was Acting President were for financing arrangements for the Joint Ventures between the corporation and International Oil Companies, and not approvals for contracts.
Osinbajo made this clarification in a statement issued by his Senior Special Assistant on Media and Publicity, Mr Laolu Akande, in Abuja on Thursday.
He said that the presidential approvals were specifically for financing joint ventures, and they were loans not contracts.
According to the vice president, the law actually provides for those authorisations.
The statement reads in part: “Approached by reporters after the ground-breaking multi-billion Naira historic Bonny-Bodo road project, in Bonny, Rivers State, Vice President Yemi Osinbajo, explained…
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