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.
FINANCIAL WATCH reports that the probe follows allegations of favouritism in the allocation of crude oil to certain companies.
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.
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