Nigeria’s Buhari meets oil minister after NNPC corruption allegations


ABUJA, Oct 6- Nigeria’s President Muhammadu Buhari on Friday met the minister of state for petroleum who made allegations of corruption at the state oil company in a letter leaked to media this week.

Emmanuel Ibe Kachikwu, in the letter to the president dated Aug. 30 and confirmed by the oil ministry, said the conduct of the head of the Nigerian National Petroleum Corporation (NNPC) lacked transparency.

The OPEC member’s state oil company has been dogged by allegations of corruption and mismanagement for decades. Nigeria, which has Africa’s biggest economy, relies on oil for roughly two thirds of government revenue.

Kachikwu did not comment when he arrived for the meeting with Buhari. It is the first time they have held private talks since Buhari returned to Nigeria on Aug. 19 after three months of medical leave in Britain.

A presidency spokesman declined to comment when asked about the reason for the meeting.

The allegations, which prompted lawmakers to launch an investigation on Wednesday, include a recommendation that recent appointments by NNPC’s group managing director (GMD), Maikantu Baru, should be suspended pending a review.

Kachikwu also accused Baru of largely bypassing the board of directors.

An NNPC spokesman has said the state oil company is awaiting written confirmation of the motion from the Senate before making any comment.

Writing by Alexis Akwagyiram; Editing by Richard Balmforth (Reuters) 

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of and also sits on the board of Students In Business Awards, (SIBA).


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