State Oil Firm Did Not Do U.S.$25 Billion Deals - Presidency

The presidency has denied reports that U.S.$25 billion worth of oil contracts were awarded by the Nigerian National Petroleum Corporation. Eyebrows were raised when Ibe Kachikwu, minister of state for petroleum resources, said that the corporation awarded the contracts without following due process. Kachikwu has since denied alleging a contract scandal, maintaining that he only complained about governance process at the national oil corporation.

NNPC towers.

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