The Nigerian National Petroleum Company (NNPC) Limited, is facing allegations of awarding a ₦5.7 billion consultancy contract without due process.
Findings from an ongoing investigation BY Yusuf El-Yakub, an investigative journalist based in Abuja, revealed that the contract was executed through single-source procurement, in violation of public procurement regulations.
El-Yakub said there was no bidding process, no request for tenders, and no competitive evaluation, raising serious concerns about transparency and accountability under the new leadership.
He said the contract was finalized in secrecy and did not follow standard procurement procedures.
According to him, the process was said to have proceeded with the deal despite warnings that the consultancy lacked strategic value, reform objectives, or a clear justification beyond personal interest.
The report comes days after NNPC executives and board members were accused of hiring five private jets to attend a retreat in Kigali, Rwanda.
Insiders said the trip, which was portrayed as a strategy session, served more to consolidate political alliances than to implement meaningful reforms.
“This is not reform. It is institutionalized patronage,” El-Yakub stated while calling on President Bola Tinubu to suspend the contract and initiate a full investigation.
“The ₦5.7 billion deal must be probed. Nigerians deserve transparency in the management of our most vital national asset,” he said.
