A leaked memo from Nigeria’s minister of state for oil has shown that irregularities in the state-owned oil giant remain entrenched, despite official vows to root out the “cancer” of graft.
Emmanuel Ibe Kachikwu wrote to President Muhammadu Buhari to report on questionable practices in the state-owned Nigerian National Petroleum Corporation (NNPC).
Five NNPC contracts, with a total value of $25 billion, “were never reviewed by or discussed with the board,” according to the letter published in local media.
“There are many more, your excellency,” it added. Read more