NDDC Spends N81Billion in Five Months without Due Process





More startling revelation has emerged from the Niger Delta Development Commission (NDDC).

This is as the House of Representatives Committee investigating the NDDC revealed that the expanded Interim Management Committee (IMC) of the Commission spent N81.5 billion between January and May 2020 without due process. 
Chairman of the committee, Olubunmi Tunji-Ojo, made this known on Wednesday during a two-day investigative hearing on financial misconduct in the NDDC. 

The money spent was confirmed by the CBN and the Accountant General of the Federation and supported with account statements presented to the committee. 

Earlier in his remarks, while declaring the hearing open, Speaker Femi Gbajabiamilla, noted that the House will not be deterred from investigating the financial misappropriation by the NDDC.

He also lamented that the Commission has failed in it's mandate to the people of the Niger Delta.

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