Tag: NDDC Probe

NDDC Forensic Audit: “Buharis vow to recover loot, punish offenders mere rhetoric” INC Chief

Aminu Imam

The President of the Ijaw National Congress, (INC), Professor Benjamin Okaba, has expressed reservations about President Muhammadu Buharis vow to recover every kobo looted at the Niger Delta Development Commission (NDDC) and ensure that those found culpable in the forensic audit report shall face the law. Buhari made the declaration in his address in Abuja at the virtual opening of the NDDC Prototype Hostel at the University of Uyo, Akwa Ibom State, on Thursday. Okaba, who stated this during a television programme on Sunday, described the presidents tough-talking as mere…

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Buhari orders criminal investigation into N6tr 19-yr investment in NDDC

Aminu Imam

Decries Commission’s 362 bank accounts President Muhammadu Buhari has ordered a criminal investigation into an approximated six trillion naira given to the Niger Delta Development Commission, (NDDC), since 2001. Recall that the President had ordered for a holistic forensic audit of the activities of the Commission from inception to August 2019, in response to the yearnings of the people of the Niger Delta region to reposition it for effective service delivery. Buhari gave this order yesterday in Abuja, after receiving the final forensic audit report from the Minister of Niger…

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Niger Delta group petitions UN over massive corruption in NDDC

Ishaku Yohanna

A group, the Restore Initiative has petitioned the United Nations (UN) over massive corruption in the Niger Delta Development Commission (NDDC), while seeking for the prosecution of indicted persons involved in corrupt acts in the agency over the years. The petition which was signed by Gloria Okolugbo national leader of the group a copy which was made available to BusinessDay, Sunday. The group noted that it was saddened that despite the vast resources of the region which is the main sources of income for the nation, the people of the…

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Revealed! NDDC spent N1.3trillion within four years, says Senate, …as Reps probe disappearance of N100bn disbursed to North-East Commission

Ishaku Yohanna

Nigerian Senate ad hoc committee investigating the misappropriation of funds in the Niger Delta Development Commission (NDDC) said the agency had spent N1.3 trillion within four years. In the report read on Thursday by the Senate Committee Chairman, Senator Olubunmi Adetunmbi, the NDDC spent the N1.3 trillion between 2015 and May 31, 2019. Adetunmbi said many of the expenses were extra-budgetary. The investigation report revealed that the NDDC paid 4.9billion Naira to staffs for numerous allowances, which include COVID-19 relief, tour duty allowances, overseas travel, and international scholarships.    The payment…

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NDDC: Trillions lost, not N40billion, say Niger Delta leaders

Ishaku Yohanna

Oil Mineral Producing Areas Stakeholders Forum, OMPSTAFOR, led by Prince Maikpobi Okareme, in a memorandum submitted to the National Assembly, disclosed that funds meant for the development of the Niger Delta region have always been missing.  His words: There has been a long history of missing funds meant for the development of the oil producing areas.  From the perspective of the host communities, the greatest amount of money that can be classified as really missing is the derivation funds that run into several trillions of naira. As published in the…

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N81bn NDDC probe: Reps summon Akpabio as ex-MD makes damning testimony

Ishaku Yohanna

The House of Representatives Committee on Niger Delta Development Commission, NDDC has invited Minister of Niger Delta Affairs, Godswill Akpabio, and the acting Managing Director of the agency, Daniel Kemebradikumo Pondei, to appear before it on Monday, July 20, 2020. The committee led by Olubunmi Tunji-Ojo took the decision on Friday after hearing the testimony of Joy Nunieh, a former Managing Director of NDDC in their investigation into alleged financial recklessness in the commission. The House is probing the alleged mismanagement of N81 billion by the interim management committee (IMC) of…

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