Abuja - President Muhammadu Buhari has reportedly ordered a probe into the tenure of Ibe Kachikwu as Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC), reports NewsDay
Kachikwu, who is minister of state for petroleum, is to be investigated over oil swap deals.
Kachikwu was replaced as NNPC's GMD on July 4 by President Buhari according to News 24.
The President, however allowed Kachikwu to remain as minister of state for petroleum and also serve as chairman of the new NNPC board.
Also read: House ordered to halt probe of oil minister
A source close to NNPC who spoke under condition of anonymity said the new NNPC GMD,Dr. Maikanti Baru had been directed to look into the allegations in the swap deals involving CEPSA Refinery, IOC Refinery, ENOC and Sara Refinery labelled as major current receivers of Nigeria’s crude.
The investigation follows accusations of favouritism in the allocation of crude oil to certain companies.
Baru has also been asked to probe the list of 20/206 crude oil takers approved by Kachikwu
- News 24