Interim Executive Director of Project, Niger Delta Development Commission, Mr Cairo Ojougboh, has raised the alarm over allegation of about N3tn phantom contract in the commission.
He also alleged that an unnamed serving senator involved in the screening of NDDC board was behind 300 contract jobs with the commission.
According to him, 120 of the contracts have been fully paid for by the commission without the senator mobilising workforce to sites.
Addressing journalists in Abuja, the former member of House of Representatives said 10 audit firms had been engaged to audit financial records of NDDC.
Ojougboh said, “NDDC is owing over N3tn to phantom contractors. It is these contractors that are making this noise because they know the interim management will not compromise.
“The genuine contractors have not been paid while phantom contractors have been paid. Some of the contracts have been terminated but the contractors failed to return money.”