Thursday, 11 February 2021 04:27

NDDC fails to account for N91bn - Report

Rate this item
(0 votes)

Between 2008 and 2018, about N90.9 billion meant to execute 176 projects was unaccounted for in the coffers of Niger Delta Development Commission (NDDC), a review of the auditor-general’s reports has shown.

The discovery was made through the review and analysis of the data from the 2008-2012 and 2013–2018 audit reports on NDDC as well as on-ground assessment of the project sites.

The review, by a coalition led by the Paradigm Leadership Support Initiative, detailed how, in the span of ten years, series of procurement infractions undermine the infrastructural mandate of the NDDC, which has left many projects abandoned, some poorly implemented or not executed at all.

This breach of the procurement law includes how some contractors were paid for jobs not executed without the money being recovered from the said contractors, or the contractor being blacklisted or referred to an anti-corruption agency.

NDDC draws funds for its projects from the annual statutory allocations from the federal government, as well as three per cent royalty of the total annual budget of oil companies in the country, as well as grants from international organisations.

The interventionist agency has received about $40 billion for capital projects since its inception in 2000 but has failed to realize its 15-year master plan pinned on bridging the infrastructural gaps in Nigeria’s oil-rich Niger Delta.

The agency has, as a result, been embroiled in allegations of corruption which has led to series of probes by both Houses of the National Assembly as well as an order by President Muhammadu Buhari to carry out a forensic audit on the agency’s finances.

Demand for accountability

In a statement released Tuesday, the coalition called on the National Assembly public accounts committees and anti-corruption agencies, EFCC and ICPC, to investigative and recover the funds.

The executive director of Paradigm Leadership Support Initiative, Olusegun Elemo, who spoke on behalf of the coalition, noted that they are in possession of pictorial evidence and the identity of the erring companies and the beneficial ownership details.

“There can be no other explanation to what has happened at NDDC between 2008 and 2018 than the fact that those entrusted to manage the commonwealth of the Niger Delta people had intentionally deprived them of the much-deserved development,” he said.

“We all must work together to change the trajectory of that region and ensure the quality of life for citizens in that environment is urgently improved upon,” he noted.

Deputy manager of BudgIT, Tolutope Agunloye, corroborated this by saying that over N500 billion was earmarked as statutory allocation to improve the development of the Niger Delta region between 2008 and 2018.

“However, the current state of some communities is not representative of this allocation. Many communities do not have potable water due to water pollution,” he said.

“Likewise, there is no effective healthcare system nor a suitable environment to advance quality education for children in that region.”

Country director, Accountability Lab, Friday Odeh, raised concerns about the unfinished forensic audit ordered by President Buhari since October 2019.

He urged Nigerians to charge the nation’s anti-corruption agencies to act and bring erring officials to book.

Coming under the aegis of the Civil Society Coalition on Audit in Nigeria (CSCAN), the coalition includes Paradigm Leadership Support Initiative (PLSI), BudgIT Foundation, Socio-Economic Rights and Accountability Project (SERAP), Dataphyte, Step Up Nigeria, Accountability Lab, Centre for Health, Equity and Justice (CEHEJ), Basic Rights Watch, Centre for Social Justice (CSJ).

 

PT

May 02, 2024

Investors on NGX lose N3.57trn on sustained stock sell off in pursuit of higher yields…

In April, the NGX All-Share Index witnessed a significant downturn, shedding N3.57 trillion in market…
May 01, 2024

Overwhelming majority of Nigerians have lost confidence in INEC, survey reveals

Yiaga Africa, a prominent election observation group, reveals in its latest report that only 23…
April 27, 2024

Adults are sharing the things they are no longer interested in now that they're older

It's natural for our preferences to change as we get older. So when asked, "What…
April 13, 2024

A new camera can undress people almost in real time—to send a message about AI

Nuca, a new deepfake camera, is an art project that shows how artificial intelligence can…
May 01, 2024

Gunmen abduct 4 residents in fresh attack on Abuja community

Gunmen struck the Bmuko Community in the Dutse Baupma area of the Bwari Area Council,…
May 02, 2024

What to know after Day 798 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Russia hits Ukrainian military HQ – MOD Russia has carried out a strike…
May 01, 2024

Wellspring Consulting proposes cybersecurity investment to boost Nigeria's economy

In a bid to rescue Nigeria from its economic challenges, Wellspring Consulting advocates for significant…
April 30, 2024

Finidi George is new Head Coach for Super Eagles

Former Nigerian winger Finidi George has been appointed as the head coach of the national…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.