The Vice President, Yemi Osinbajo, has admitted to approving contracts for the Nigeria National Petroleum Corporation (NNPC), a situation that has generated all forms of controversies between the Minister of State for Petroleum Resources, Ibe Kachikwu and the NNPC Group Managing Director (GMD), Maikanti Baru.

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The vice President's Senior Special Assistant on Media and Publicity, Laolu Akande revealed this on Wednesday.

Akande said Osinbajo approved the recommendations for the contracts as part of necessary actions to deal with backlog of unpaid cash calls and incentivise investments.

In a tweet:
"In response to media inquiries on NNPC joint venture financing, VP Osinbajo, as Ag President approved recommendations after due diligence & adherence to established procedure. Action necessary to deal with huge backlog of unpaid cash calls which Buhari adm. inherited and also to incentivise much needed fresh investments in the oil & gas sector."
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