Kachikwu: My memo to Buhari was to improve efficiency and transparency

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Ibe Kachickwu, Minister of State for Petroleum Resources, says his memo to President Muhammadu Buhari agaisnt Mikanti Baru, Group Managing Director of the NNPC was a “normal procedural correspondence”.

According to a statement issued on Wednesday by Idang Alibi, Director of Press, Ministry of Petroleum Resources to respond to the leaked memo written by Kachikwu, he says it was most distressing that a confidential communication to the President on the performance of one of its parastatals can be made public.

He argues that the focus of the memo was on improving efficiency and deepening transparency in the oil and gas sector for continued investor confidence.

The statement reads: “The attention of the Ministry of Petroleum Resources has been drawn to a publication on a memo emanating from the HMSPR to the President.

“Please note the following: The communication under reference is a normal procedural correspondence by the Minister to the President relating to developments in parastatals under his supervision.

“It is most distressing to the ministry of petroleum resources that a confidential communication to the President on the performance of one of its parastatals can be made public.

“The focus of the communication was on improving efficiency and deepening transparency in the oil and gas sector for continued investor confidence.

“It is noteworthy that the President has been fully supportive of the efforts of the Ministry to entrench good governance and accountability in the oil and gas sector.

“The Ministry of Petroleum Resources remains focused on achieving measurable progress in the implementation of the ongoing oil sector reforms in line with the mandate of the President”.

 

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