Diezani alone extended oil contract- Ex-NNPC GMD
Former Minister of Petroleum Resources Diezani Alison-Madueke
unilaterally extended crude oil for refined products (oil swap)
contracts, a former Nigeria National Petroleum Corporation (NNPC) Group
Managing Director (GMD) Austin Oniwon alleged yesterday.
Oniwon alleged that “the minister at the time extended the contract
between the Petroleum Product Marketing Company (PPMC) and its trading
partners Duke Oil Company Incorporated and Trafigura Ltd, a non-resident
trading company, without recourse to due process.
He said the ministerial extension that was for three years, also had no formal contractual agreement guiding it.
Oniwon, who appeared before the House of Representatives ad hoc
Committee probing the oil swap arrangement, added that the initial
contract was to last between October 2010 to October 2011.
He said: “There was an approval for the extension by the minister. I believe the records are with the NNPC”.
Oniwon said he was not responsible for the signing of the contracts
since he was not at the helm of affairs at the time, but said he
initiated a review of the arrangement due to the flaws he noticed in the
contract.
According to him, the two years he served as GMD were too little to
carry out some necessary changes expected to reposition the organisation
for effectiveness and efficiency.
He said the two years he served as GMD was “too hot” before he was fired, despite not being ripe for retirement at the time.
He however refused to disclose the reason for his dismissal from office.
Oniwon said the normal tenure of an NNPC GMD should be five years
because “a two year-tenure is too short to protect policies and
programmes.”
Another former GMD, Andrew Yakubu, said he set up a panel to review
the oil swap arrangement but not allowed to see the outcome of its
report after sending it to the Minister’s office.
He was relieved of his appointment in 2014.
“Sometime in 2013, my attention was drawn to the fact that the
contracts needed to be renewed. By then, the issue of the swap had
become a matter of controversy.
“Based on concerns raised and the need to evaluate the contract, I
set up a committee comprising legal, corporate and some stakeholders.
The document never came back to me until I was disengaged in August
2014, he said.
Related Posts via Categories:
Related Posts via Categories:
- More Trouble For PDP as Party Appoints Sheriff as Acting Chairman
- Former First Lady Maybe Invited For Interrogation by EFCC
- Najatu Muhammad Rejects Appointment
- APC Pressure Mounts on Buhari to Sack Heads of Parastatals
- $2.1bn arms PROBE: Ex- DMI, Gen Wiwa arrested
- Saudi Loan Illegal- Senate Warns Northern Governors
- EFCC to quiz top lawyer over £22.5m Abacha loot
- Jonathan's Ex-ADC Refuses to Name N10B Looted Funds Beneficiaries
- Former Rivers state House of Assembly member murdered in Port Harcourt
- Court of Appeal Reverse Nyako’s Impeachment as Adamawa State Governor
Published Under: Nigeria National News
Send stories for publishing to admin@ackcity.net
Be Our Fan On Facebook
Follow Us @ACKCITY On Twitter
Want updates via;
BB: 568235DD
Channel Pin: C00352CD2
WhatsApp: (234) 08105649346
Advertise your products & services;
Call: (234) 08105649346, 08121807240
E-mail: info@ackcity.net
No comments