Nigeria oil min questions NNPC contracts
Nigeria Group Managing Director Maikanti Baru
The seven-page letter stated that since NNPC group managing director Maikanti Baru started in the position a year ago, no contracts had been reviewed by the company’s board, which is legally required to approve all contracts over USD 20 million.
“The communication under reference is a normal procedural correspondence by the minister to the president relating to developments in parastatals under his supervision,” the oil ministry said in a statement. The NOC declined to comment.
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