Prof. Kemebradikumo Pondei, Acting Managing Director of NDDC

FEC approves N722.3m for forensic audit of NDDC

*Auditors to examine issue of 12,000 abandoned projects by Commission in the Niger Delta ─Godswill Akpabio, Minister for Niger Delta Affairs

Alexander Davis | ConsumerConnect

In undertaking a complete investigation of the Commission’s activities and ascertaining taxpayers’ total funds and resources paid to contractors for all projects, Nigeria’s Federal Executive Council (FEC) has approved N722.3million for the forensic audit of the Niger Delta Development Commission (NDDC).

Godswill Akpabio, Honourable Minister for Niger Delta Affairs, stated this Wednesday, August 26 after the FEC virtual meeting presided over by President Muhammadu Buhari.

The Minister disclosed that the field auditors would undertake a complete forensic exercise of the NDDC activities in their respective states of assignments and establish total funds and resources disbursed to contractors for all projects thus far, says report.

It would also compare the total amount of resources expended with the value of what was delivered to the Commission and establish if such value is commensurate with the resources expended.

Akpabio disclosed that the auditors were also mandated to look into the 12,000 abandoned projects by the NDDC in the Niger Delta.

“By the time I assume office in August 2019, we discovered there was no budget for the NDDC for the year 2019 up to that September.

“So, we submitted two budgets in November to the National Assembly. And it took quite a while until in April.

The budget details were given out to the NDDC in April, to end 31st of May, less than six weeks,” he stated.

According to the Minister, “unfortunately, the National Assembly is right now on leave and the budget of NDDC for 2020 has not been passed.”

He added: “So, to enable us to move forward with the exercise and complete it on time, Mr. President graciously directed and approved that the payment for the forensic exercise should be undertaken through the Presidency.”

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