Abe Debunks Alleged $650m Contract Scam

By Peter Uzoho
A member of the Board of the Nigerian National Petroleum Corporation (NNPC) and former federal lawmaker, Senator Magnus Abe, yesterday debunked his alleged involvement in a so-called $650 million oil contract scam, insisting that it only existed in the imagination of those interested in ripping Nigeria off.
Abe, who insisted that he would continue to defend the country’s interest, was reacting to a report (not by THISDAY) titled: “Petroleum Minister, Cronies Plot Kangaroo NNPC Report to Divert $650 million Oil Contracts to Themselves.”
In a statement he personally signed, Abe noted that the report was designed to create the impression of a major scandal and armtwist the federal government in the recent attempt to revoke some oil blocks from a foreign company, Addax Petroleum.

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