$25bln contract: Kachikwu accuses NNPC GMD of bravado management style.

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A crisis of confidence has erupted in the oil and gas sector between the Minister of State for Petroleum Resources, Dr. Edmund Ibe Kachikwu and the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru.

The minister also accused the GMD of awarding $25billion contracts without consulting either his office or the NNPC Board.

He accused Baru of alleged insubordination, lack of adherence to due process and running a “bravado management style.”

Kachikwu said he was being sidelined by the GMD and other heads of parastatals on major decisions and appointments.

He asked President Muhammadu Buhari to call the NNPC chief to order to ensure due process and transparency in the oil and gas sector.

He also presented five prayers to President to save the oil sector from collapse.

The minister said he was always blocked from seeing the President.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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