Connect with us

FEATURED

How NDDC’s IMC Blew N81.5bn In Six Months – CBN, OAGF Revealed

Published

on





The Central Bank of Nigeria and the Office of the Accountant-General of the Federation have indicted that between January and July 2020 about N81.5 billion was spent by the Niger Delta Development Commission (NDDC).

The Bureau of Public Procurement also said it did not issue ‘Certificates of No Objection’ to the NDDC for the procurements made by the commission with the money.

Auditor-General of the Federation, Anthony Anyine, also said the NDDC had yet to present its audited account for 2019 since it was due at the end of May.

Advertisement

The revelations were made at an investigative hearing held by the House Committee on NDDC in Abuja on Wednesday.

While the Interim Management Committee of the NDDC was absent, the committee had grilled representatives of the CBN, BPP and Office of Accountant-General of the Federation.

Chairman of the committee, Mr Olubunmi Tunji-Ojo, who briefed journalists after the hearing, said the allegation of mismanagement and illegal spending by the NDDC was already being confirmed by the lawmakers.

Advertisement

Tunji-Ojo said, “Obviously, we have grilled the BPP and they will be coming back tomorrow for finalisation of their submission. And from what we have seen, so many of the contracts so awarded were above NDDC’s approval threshold as itemised by the BPP.”

Tunji-Ojo said the committee would take more evidences on Thursday, while the IMC of NDDC, which claimed to be attending the Federal Executive Council meeting on Wednesday, was also expected to “talk to Nigerian people, especially the Niger Delta people.”

Earlier in his opening speech, the lawmaker gave a breakdown of the N81.5bn as including community relations, N1.3bn; condolences, N122.9m; consultancy, N83m; COVID-19, N3.14bn; duty tour allowances, N486m; imprest, N790.9m; Lassa fever, N1.956bn; Legal services, N900m; maintenance, N220m; oversea travels, N85.6m; project public communication, N1.121bn; security, N744m; staffing related payments, N8.8bn; and stakeholders engagement (Feb 18 – May 31, 2020), N248m.

Advertisement

(Punch)

APC move
FEATURED32 minutes ago

Ibori’s Masterplan: Ex-Governor’s APC Move May End PDP’s Reign In Delta

VeryDarkMan
ENTERTAINMENT6 hours ago

How And Why I Used Nedu To Set Trap For VeryDarkMan – Deeone

FEATURED15 hours ago

How Senator Nwoko’s Defection To APC Will Affect PDP In 2027 Election

Omo-Agege
FEATURED16 hours ago

Senator Omo-Agege’s Legacy Documentary Hits The Airwaves Sunday On AIT @ 5:30pm

FEATURED1 day ago

Delta Govt Approves N1Billion Revolving Fund For MSMEs

chevron
FEATURED1 day ago

Chevron Disowns Fake Recruitment Publication, Reaffirms Commitment To Transparent Recruitment Process

Emami
FEATURED1 day ago

2027 Presidency: Emami Declares ‘No Vacancy In Aso Rock’ Amid Tinubu’s Growing Support

Oriental Energy Resources Limited
COMMUNITY REPORT2 days ago

Akwa-Ibom Community Berates Oriental Energy’s Refusal To Implement NOGICD Act

FEATURED2 days ago

Tinubu Snubs French Defense Contractors, Bows To Trump’s US Rifles Deal For Nigerian Army

Delta
FEATURED2 days ago

Why Gov Oborevwori Approved N275bn For Projects In One EXCO Meeting

FEATURED2 days ago

REVEALED: Three Reps Members Fingered For Alleged $150 Million Bribe Named By Binance Official

ENTERTAINMENT2 days ago

Twist As 2Face’s Mother Begs Edo Lawmaker, Natasha Osawaru To Leave Her Son Alone

COMMUNITY REPORT2 days ago

Isoko South Chairman, Warri Mourns Ex-LG Secretary, Eddy Ugboma

Senior Military Officers
FEATURED3 days ago

‘They Can Go To Hell’ – NSA Ribadu Slams Canada Over Visa Denial To Defence Chief, Other Senior Military Officers

Faith Majemite
NEWS3 days ago

Omo-Agege Hails Faith Majemite On Her Birthday, Describes Her As ‘A Beacon Of Courage And Dedication’

Advertisement
Advertisement