Breaking: NDDC N40bn Probe,No Kobo Is Missing, Misapplied By The IMC,Ojougboh Tells Probe Panel.

NDDC N40BN PROBE: NO KOBO IS MISSING, MISAPPLIED BY THE IMC, OJOUGBOH’S TELLS PROBE PANEL

…Alleges that Chairmen, NASS Committees on Niger Delta have bastardized the Budget

…Says IMC has not awarded any Project since it came on board
…N281 billion released to NDDC from 2016 to May, says Accountant General of the Federation

THE Acting Executive Director, Projects, Interim Management Committee, IMC of the Niger Delta Development Commission, NDDC, Dr. Cairo Ojougboh has said that no single Kobo has been misapplied by the Committee since it came on board.

Speaking in Abuja Thursday when he appeared before the Senator Olubunmi Adetunmbi (APC), Ekiti North) led Ad-hoc Committee probing into alleged financial recklessness to the tune of N40 billion by the IMC, Ojougboh said that since the interim management came on board, it has not awarded any contract, except the recent one of the Coronavirus, COVID-19 Pandemic where Palliatives were given to people.

Ojougboh who address the Committee has accused both the Chairman, Senate Committee on Niger Delta Affairs, Senator Peter Nwaoboshi and his House of Representatives counterpart as the problem of the interventionist agency.

According to him, if they remain as chairmen of the Committees, Niger Delta region will never develop.

Meanwhile, the Accountant General of the Federation, Ahmed Idris has told the Ad- hoc Committee that a total of N281 billion has so far been released to the NDDC from 2016 to May this year.

Giving a breakdown, he said that in 2016, N41billion was released; in 2017, N64 billion was released; in 2018, a total of N71 billion was released; in 2019, N71 billion was released and from January to May this year, N34 billion was released.

Recall that the Senate is probing into alleged financial recklessness to the tune of N40 billion by the Interim Management Committee, IMC, of the Niger Delta Development Commission, NDDC.

Against this backdrop, the Senate had set up six-man Ad-hoc Committee to carry out a holistic investigation into all issues relating to but not limited to the alleged misapplication and misappropriation of the sum of N40billion by the commission.

The Committee, which had four weeks to report back at plenary, was asked to look into all procurement and financial transactions of the commission in this fiscal year (2020) and any other matter that is not in accordance with the provision of the NDDC Establishment Act, 2000 or any other extant law.

9News Nigeria.