Vice President Yemi Osinbajo on Wednesday presided over a meeting attended by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu; and the Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, at the Presidential Villa, Abuja.
Both Kachikwu and Baru were in the limelight lately over a letter the minister wrote to President Muhammadu Buhari on the NNPC boss.
Kachikwu later told State House correspondents that the meeting discussed issues relating to oil fields as well as opening of escrow accounts and cash call issues.
The minister said, “Is a meeting on upstream, a normal typical meeting. It was largely AGIP bringing some information to the Vice President on where they have been in terms of Okpai, in terms of Zabazaba Deepwater oilfield field, in terms of the cash call exit which they are doing with NNPC.
“It was basically updating him, asking for areas where they need some assistance from government officials to sort of fastrack. It was normal upstream meeting.”
When asked on the extent which the issue of cash call discussed, the minister said, “Yes. We did only to the extent that a few completion items on NNPC, largely the opening up of the escrow accounts and that type of stuff which they need to fasten up on.
“But we are far gone on that. Installmental payments are already going on, I think NNPC is undertaking by October or early next month to complete that whole process. So is going on very well.”