Amid N6 trillion expenditure, over 13,000 ‘compromised’ projects, 362 bank accounts, NDDC has not delivered value; IOCs owe $4 billion, says FG

The AGF said, “It is on record that between 2001 and 2019, the Federal Government approved N3,375,735,776,794.93 as budgetary allocation and N2,420,948,894,191.00 as income from statutory and non-statutory sources, which bring the total figure to the sum of approximately N6tn given to the Niger Delta Development Commission.”

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The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, said this while receiving the forensic audit report of the NDDC from the Minister of Niger Delta Affairs, Godswill Akpabio, in Abuja

The Federal Government, on Thursday, said it was concerned that over 13,777 projects being handled by the Niger Delta Development Commission – NDDC – had their execution “substantially compromised.” The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, said this while receiving the forensic audit report of the NDDC from the Minister of Niger Delta Affairs, Godswill Akpabio, in Abuja.

Malami said the government was concerned about what he described as the colossal loss occasioned by uncompleted and unverified development projects in the Niger Delta region in spite of releasing about N6tn to the commission in eight years.

The AGF said, “It is on record that between 2001 and 2019, the Federal Government approved N3,375,735,776,794.93 as budgetary allocation and N2,420,948,894,191.00 as income from statutory and non-statutory sources, which bring the total figure to the sum of approximately N6tn given to the Niger Delta Development Commission.”

“The essence of the forensic audit is to ensure probity and accountability in the use of public funds. It is against this background that the Federal Government will without hesitation strategically implement all aspects of the audit that will promote probity and greater prosperity for the Niger Delta region and Nigeria as a whole,” the AGF added.

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