EFCC, ICPC must investigate alleged $25bn scam — SERAP

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The Socio-Economic Rights and Accountability Project, SERAP, has called on anti-corruption agencies to investigate the alleged $25 billion oil contract scam in the Nigerian National Petroleum Corporation, NNPC.

Minister of State for Petroleum, Ibe Kachikwu, had petitioned  President Muhammadu Buhari, accusing the Group Managing Director of the NNPC, Maikanti Baru, of $25 billion contract scam.

SERAP

The minister also alleged that Baru makes unilateral decisions, side-lining him and other key members of the NNPC board.

Reacting to the allegations, Baru had said he is not legally mandated  to discuss contracts with Kachikwu.

Executive Director of SERAP, Adetokunbo Mumuni, said the Economic and Financial Crimes Commission, EFCC, and Independent Corrupt Practices and Other Related Offences Commission, ICPC, should uncover what really transpired in contracts process in the NNPC.

Mumuni said: “I don’t want to take sides with anybody but the oil sector needs to be put straight and due process must be followed in the award of contracts.

“The investigators, such as EFCC and ICPC, must come into this matter. They must investigate transparently and release the report of that probe.

“This is necessary so that Nigerians can know what has transpired. Was due process followed? Was the process of awarding the contracts free of corruption? It is only when this has been determined that this government can prove that its anti-graft war is real.”

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