Saturday, April 17, 2021
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street is a meeting point for technology, economy, and journalism.
No Result
View All Result
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street is a meeting point for technology, economy, and journalism.
No Result
View All Result

NDDC’s financial deals must be probed, Nigerian Senate insists

Kolawole Onasanya by Kolawole Onasanya
May 28, 2020
in Economy, Front Page
0
NDDC’s financial deals must be probed, Nigerian Senate insists
0
SHARES
8
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

The Nigerian Senate has insisted that the financial deals Niger Delta Development Commission’s Interim Management Committee must be probed, challenging the agency to publish records of alleged multiple contracts awarded to senators.

NDDC Executive Director (Projects) and member of the IMC, Dr. Cairo Ojougboh, had alleged that some senators got over 1,000 contracts from the commission.

READ ALSO

Train 7 project: Nigeria to clampdown on erring expatriates

Negative growth hits Nigerian states’ IGR

The National Assembly had also been accused of “padding the commission’s 2019 budget with over 500 projects and raping the destiny of the Niger Delta people.”

Read Also:

  • Boosting energy investments in Niger
    Boosting energy investments in Niger
  • Bayelsa gov tasks Reps on PIB, N’Delta clean-up
    Bayelsa gov tasks Reps on PIB, N’Delta clean-up
  • Executive Order 007 indispensable for road infrastructure development - Shonubi
    Executive Order 007 indispensable for road…

The Acting Managing Director of the IMC, Prof. KemebradikumoPondei, who made the allegation, said the planned probe of the agency by the legislators “is merely intended to make a mockery of the forensic audit ordered by President Muhammadu Buhari.”

At a briefing in Port Harcourt, Rivers State yesterday, Pondei claimed that the “overbearing stranglehold” of the National Assembly panels was responsible for the delay in the passage of the 2019 budget in March 2020.

He said the reason the NDDC applied to the National Assembly for the virement of its 2019 budget was “because the commission only got the letter of approval of the budget on March 20, 2020, after the agency was coerced by some lawmakers to pay 20 contractors.”

Pondei alleged, “We saw that the time frame was very short. And apart from that, the budget that was sent back to us was not recognisable by us. We have been hearing of budget padding. This was a classical case of budget padding. Almost 500 new projects were added to the budget and the appropriation was done in such a way that meaningful projects were appropriated very little sums of money.”

However, Transparency In Petroleum Exploration and Development Initiative has urged the National Assembly to refrain from actions likely to distract the IMC from completing the forensic audit on time as ordered by Buhari.

The group said the current crisis of confidence between elected politicians, particularly from the Niger Delta, and the NDDC would have serious negative effect not only on the commission but also on the hapless people of the area who have suffered neglect for many years.

TIPEDI National Coordinator, Chief Nathan Egba, in a statement issued from Yenagoa, Bayelsa State, said, “The accusations leveled against the National Assembly by the NDDC management are serious but common knowledge, because some federal legislators have perpetually milked the commission over the years. It is, therefore, not surprising that they are now engaged in a plot to derail the forensic audit exercise which obviously will unearth their nefarious activities.”

But the Senate, at a press conference addressed by its committee on Niger Delta Affairs yesterday, alleged that its insistence on the probe of the NDDC was the reason the IMC members embarked on open media attack against leaders of the National Assembly.

“We are responding to the allegations of the IMC to correct the misrepresentation. If they claim that some 1,000 jobs were given to any senator, we challenge the IMC members to compile the list of the contracts and publish them.

“Also, the EFCC, police or Independent Corrupt Practices Commission should be reached to investigate those claims instead of blackmailing anybody.”

Insisting on probing the financial transactions in the IMC, the chairman of the Niger Delta Affairs Committee, Peter Nwaoboshi, said, “What we are seeing is a case of a man sent to catch the thief; but instead of catching the thief, he starts stealing too. The National Assembly simply set up an adhoc committee to investigate allegations of stealing by the NDDC’s IMC. Why not allow the committee to conclude the investigation?”

According to the Senate panel, the allegations of balkanisation of the budget just came because the IMC members were asked to appear before the adhoc-committee to answer questions.

Also, Niger Delta Renaissance Coalition has thrown its weight behind the National Assembly, asking the lawmakers to ignore the IMC’s “irresponsible lies and propaganda” and go ahead with the planned probe.

The coalition stated that the report in an online medium of Wednesday, May 27, 2020, credited to Leadership, Peace and Cultural Development Initiative, was yet another of the specious groups that came out of IMC hirelings.

close
Subscribe to our newsletter and join thousands of readers of our financial, economic & investments news blog!
We don't spam with your email

Check your inbox or spam folder to confirm your subscription.

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Tags: NDDC probe. Senate probes NDDC

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Kolawole Onasanya

Kolawole Onasanya

Related Posts

Train 7 project: Nigeria to clampdown on erring expatriates
Energy

Train 7 project: Nigeria to clampdown on erring expatriates

April 16, 2021
Negative growth hits Nigerian States’ IGR
Economy

Negative growth hits Nigerian states’ IGR

April 16, 2021
We recognise importance of energy efficiency – OPEC boss
ENVIRONMENT

Nigeria seeks Commonwealth’s support on net-zero emissions

April 16, 2021
BUA, Dangote settle rift over sugar pricing
Commodities

BUA, Dangote settle rift over sugar pricing

April 16, 2021
Amref establishes commission to review Africa's universal health coverage
Front Page

IFC seals $300m deal for Africa’s health sector

April 15, 2021
Madoff, Ponzi scheme con man, dies at 82
Economy

Madoff, Ponzi scheme con man, dies at 82

April 15, 2021
Next Post
Adamawa lawmakers approve governor’s N17bn loan request

Adamawa lawmakers approve governor’s N17bn loan request

RECENT STORIES

YouTube suspends Nigerian TV evangelist

YouTube suspends Nigerian TV evangelist, TB Joshua’s account

April 16, 2021
Train 7 project: Nigeria to clampdown on erring expatriates

Train 7 project: Nigeria to clampdown on erring expatriates

April 16, 2021
Negative growth hits Nigerian States’ IGR

Negative growth hits Nigerian states’ IGR

April 16, 2021
We’ll prioritise access to COVID-19 vaccine

We’ll prioritise access to COVID-19 vaccine – AU

April 16, 2021
AstraZeneca: AZD1222 vaccine met primary efficacy in preventing COVID-19

Africa CDC unsure of second COVID-19 vaccine

April 16, 2021
We recognise importance of energy efficiency – OPEC boss

Nigeria seeks Commonwealth’s support on net-zero emissions

April 16, 2021
BUA, Dangote settle rift over sugar pricing

BUA, Dangote settle rift over sugar pricing

April 16, 2021

TRENDING

  • Adesegun Banjoko, President-elect, National Association of Block Moulders of Nigeria

    Blame govt for high cement price – Banjoko

    0 shares
    Share 0 Tweet 0
  • Professionals need strategy to survive in job market – Funmi Bajulaiye

    2 shares
    Share 0 Tweet 0
  • Affordable housing as mirage despite govt’s intervention

    0 shares
    Share 0 Tweet 0
  • Executive Order 007 indispensable for road infrastructure development – Shonubi

    0 shares
    Share 0 Tweet 0
  • Dealing with car overheating

    0 shares
    Share 0 Tweet 0
Financial Street is a meeting point for technology, economy, and journalism.

© Financial Street 2020. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS