techkenyot.com
techkenyot.com October 21, 2017


Osinbajo Confess to Approving N640 billion JV Financing Contracts For NNPC

12 October 2017, 10:50 | Silvia Roy

Nigeria oil corp blasts claims of $25B contract fraud

Stop the blackmail let Kachikwu be — Group

Vice President Yemi Osinbajo has taken responsibility for granting authorisation to the NNPC for two oil contracts worth N640 billion.

Different reactions have continued to trail the leaked memo written by the Minister of State for Petroleum, Ibe Kachikwu, to President Buhari where he accused the Group Managing Director of the NNPC, Maikanti Baru of insubordination and award of contracts without due process.

Spokesman of the Vice-President, Laolu Akande in a series of tweets on Thursday Osinbajo approved the contracts.

Xbox One Will Still Get Original Xbox Backwards Compatibility This Year
Each bundle includes an Xbox One S console along with a popular game plus additional content. "It will be the console that sells". However, Spencer said that the Microsoft Xbox One X console is not for everyone just like the Xbox One Elite controller.

The Presidency has responded to inquiries on the operations of the joint venture cash calls in the oil industry, stating that the reversal of the payment model followed due process.

He said this was to deal with a huge backlog of unpaid cash calls and incentivise investments.

The statement quoted Osinbajo as saying: "These were financing loans. Of course, you know what the joint ventures are, with the lOCs, like Chevron, that had to procure", he said.

DOJ gives last chance warning to NYC for sanctuary city policies
New Orleans, New York and Philadelphia join Chicago and Cook County in remaining out of compliance, the Justice Department said. That's to protect victims and witnesses of crimes who would otherwise be afraid to come forward, city officials say.

"The law actually provides for that authorization, so I did grant all of those, in fact, there were two of them but those are presidential approvals but they are specifically for financing joint ventures and they are Loans not Contracts", the Vice President added.

But the agency said in a statement on Monday that Kachikwu's claims were not correct, as all the contracts it ever awarded had been approved by the NNPC tender's board - the agency's "final approving body" in contracts not exceeding $20 million.

However, Baru has denied that the contracts, which he said had no monetary value attached, were unilaterally awarded as they had the approval of the president.

'Carpool Karaoke' taped before Chester Bennington's death released
The " Carpool Karaoke " episode was filmed six days before his death . "I just want them to find whatever it is". Corden's message was appreciated by Bennington's widow, Talinda - who thanked him for his words on Twitter .

Kachikwu in his memo to President Buhari, also stated that when the president was unwell in London for several months between May and August, Baru tried to get direct approval from Acting President Osinbajo for some personnel changes at the NNPC.



Other News

Trending Now

Atlas Fire moves into Solano County, prompting evacuations
An evacuation center has been set up at Solano Community College, 4000 Suisun Valley Road in Fairfield. Tuesday evening, it was expanded to include Gordon Valley, Williams, Lambert and Clayton roads.

Analyzing Analyst Recommendations: Rogers Corporation (ROG), Enable Midstream Partners, LP (ENBL)
Moreover, Nationwide Fund Advsrs has 0.03% invested in Egdon Resources Plc (LON:EDR). 49,588 were reported by Bessemer Group. This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized.

Equifax Pulls Web Page Offline After Another Possible Attack
The move follows a report that the page was directing visitors to install fake Adobe Flash updates containing adware. Then he successfully replicated the problem at least five times, making a video that he posted to YouTube.

Ronda Rousey Teases WWE Future In New Interview
Ronda Rousey is an exceptional athlete and as we have seen before, she is capable of pulling off some moves in a WWE ring. Browne is a UFC heavyweight fighter, presently ranked as the #14 heavyweight in the company.

As House weighs hurricane aid, Trump lashes out at Puerto Rico- again
He says Puerto Rico already faced hard fiscal and economic problems before being devastated by Hurricane Maria. More than a third of Puerto Ricans are still struggling to live without drinking water.

Google Express partners with Target, Assistant shopping coming to phones
On Google Home, you can order loads of Halloween candy and paper towels by voice when your hands are full in the kitchen. Assistant will showcase a few of the options, you choose which you want, then it's on the way to your house.

Analyst Research Roundup: The Southern Company (SO), Seattle Genetics, Inc. (SGEN)
BidaskClub cut shares of Seattle Genetics from a "hold" rating to a "sell" rating in a research note on Wednesday, June 28th. The company's net profit margin has achieved the current level of 2.8 percent and possesses 87.9 percent gross margin.

US Offers Proposal That Could Kill Nafta in 5 Years
But Mexico strongly opposes a USA -specific content requirement, which would limit the growth of its own auto industry. Trudeau has said he is optimistic about the deal's fate but admitted there was room for improvement.

Sector Investor's Alert - Juniper Networks, Inc. (NYSE:JNPR), Shopify Inc. (NASDAQ:SHOP)
Keeping an eyeball on Moving Averages, the 50-day is 27.66; the 200-day is at 28.48, for Juniper Networks, Inc . (NYSE: JNPR ). The Firm sells its high-performance network products and service offerings across routing , switching and security.

Paris aims to ban petrol cars by 2030
One of most visited cities in world, Paris , gasoline and diesel all fossil fuel vehicles are banned from entrance to city. Paris City Hall declines to call the move a "ban" on combustion-engine cars, but rather a deadline for making an exit.