Connect with us

    Hi, what are you looking for?

    News

    13,000 Projects Abandoned in Niger Delta Region – NDDC Audit Report

    The Minister of Niger Delta Affairs, Sen. Godswill Akpabio on Thursday while submitting the Forensic Audit Report on the Niger Delta Development Commission (NDDC) says 13,000 projects abandoned in the Region.

    Akpabio submitted the report to Mr President through the Attorney General of the Federation (AGF) and Minister of Justice, Mr Abubakar Malami, SAN, in Abuja.

    “The report of the audit committee showed that there are over 13,000 abandoned projects in the Niger Delta and even before the submission of the report some contractors have returned to site on their own and completed about 77 road projects.

    “Although the exercise had a checkered history, I thank Mr President and all those who supported and ensured its success”.

    He stressed that the exercise was not done to witch-hunt anyone but to ensure that the huge sums of funds committed to the area yearly are justified.

    He lamented that the region had remained backwards since 1958 in spite of successive governments efforts through the creation of various interventionist programmes and projects.

    Lead Forensic Auditor, Alhaji Kabir Ahmed, in a brief overview of the report, said that the team recommended managerial as well as structural changes, chief of which is the downsizing of the NDDC’s board.

    He said to reduce cost the team recommended that members of the team should henceforth be appointed on part time basis.

    The News Agency of Nigeria reports that the appointment of members of the board of the NDDC had been suspended until release of the audit report.

    Ahmed also disclosed that oil companies in the country are still in default of their contributions to the Commission.

    “We recommended that the government should withdraw the license of any oil company which defaults for a period of three years.

    ” Also, deduction of 15% ecological fund at source and be paid to the commission because both the federal and state governments have failed to make payments to the commission.

    “The team recommended as a measure of effective revenue collections, the Federal Inland Revenue Services should collect funds on behalf of NDDC from oil companies in the country”.

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Tech

    By Kehinde Ogundare, Country Head, Zoho Nigeria Business growth should feel energising — not like a daily struggle. When operations begin to scale, the...

    Sports

    National Basketball Association aka NBA has approved the sale of the Boston Celtics to an investment group led by American billionaire businessman, Bill Chisholm,...

    Tech

    Active internet subscriptions across mobile, fixed, and VOIP networks in Nigeria dropped to 141.1 million in June, representing a 0.3% decline from the 141.5...

    Metro

    Economic and Financial Crimes Commission has recovered over N5bn and $10m from contractors and government officials indicted in the fraud in the turnaround maintenance...