The Nigerian Nationwide Petroleum Firm (NNPC) Restricted, is dealing with allegations of awarding a ₦5.7 billion consultancy contract with out due course of.
Findings from an ongoing investigation BY Yusuf El-Yakub, an investigative journalist based mostly in Abuja, revealed that the contract was executed via single-source procurement, in violation of public procurement laws.
El-Yakub stated there was no bidding course of, no request for tenders, and no aggressive analysis, elevating severe considerations about transparency and accountability below the brand new management.
He stated the contract was finalized in secrecy and didn’t observe commonplace procurement procedures.
Based on him, the method was stated to have proceeded with the deal regardless of warnings that the consultancy lacked strategic worth, reform aims, or a transparent justification past private curiosity.
The report comes days after NNPC executives and board members had been accused of hiring 5 non-public jets to attend a retreat in Kigali, Rwanda.
Insiders stated the journey, which was portrayed as a method session, served extra to consolidate political alliances than to implement significant reforms.
“This isn’t reform. It’s institutionalized patronage,” El-Yakub acknowledged whereas calling on President Bola Tinubu to droop the contract and provoke a full investigation.
“The ₦5.7 billion deal should be probed. Nigerians deserve transparency within the administration of our most important nationwide asset,” he stated.