A former African Democratic Congress (ADC) presidential candidate, Dumebi Kachikwu, has alleged that Nigerias present oil production has been effectively mortgaged by the Buhari governments pre-sale of crude oil to smaller refineries as a credit guarantee, leading to a scarcity for domestic refineries. Speaking about the alleged promise of crude oil sale to ?angote, during a television programme, he stated that contractual agreements supersede promises in the oil and gas sector. Kachikwu identified that the alleged promise given to ?angote for oil products is irrelevant without a binding contract. He…
Read More‘Buhari’s Govt. pre-sold our oil to smaller foreign refineries on loan’ – Kachikwu
