Presidency Clears Doubts About Sharp Practices in NNPC, Explaining that no Twenty-Five Billion Dollars was Missing.

The Presidency also denied insinuations in certain quarters that twenty-five billion dollars is missing from the account of the NNPC.
This was contained in a statement issued by the Senior Special Assistant on Media and Publicity to the Vice President, Yemi Osinbajo, LAOLU AKANDE.
Akande said no contracts were procured by the NNPC based on the leaked memo of the Petroleum Resources Minister of State, IBE KACHIKWU, even though such impressions have been maliciously created in the past few weeks.
AKANDE who said he was responding to media inquiries, disclosed that a closer look at each of the said projects indicated clearly that there were no procurement contracts.
He said Nigerians ought to be informed clearly that whenever there is a monetary value on any consignment of crude oil lifted by any firm, the proceeds go directly to the Federation Account and not to any company.