"The following major contracts were never reviewed by or discussed with me or Board of NNPC:
The Crude Term contracts- value at over $10bn
The DSDP contracts- value over $5bn
The AKK pipeline contract- value approximately $3bn
Various financing allocation funding contracts with the NOCs – value over $3bn
Various NPDC production service contracts – value at over $3bn--$4bn.
There are many more Your Excellency....."(Ibe Kachukwu, Nigeria's Junior Petroleum Minister in a memo to the President).
CAO.
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