N81.5bn NDDC Scandal: How Senate Unveiled Illicit Spendings, Unlocked Crooked Deals

'Dotun Akintomide
Writer
Danger Looms Over Govt Candidates for Nass Leadership, Shehu Sani Predicts 2015 Scenario

Ad

Oil Prices Rally as the Geopolitical Risk Premium Rebuilds

Light crude oil futures rose for the week, closing Thursday at $63.52, up $1.54 or +2.48% from last Friday’s close, as geopolitical tensions, bullish inventory data, and renewed demand optimism drove a shift in market sentiment. The recovery followed two weeks of selling pressure and marked a return of bullish interest as supply-side risks reentered…

Japan designates Kisarazu as official hometown for Nigerians

In a landmark move to boost cultural ties and economic cooperation, the Government of Japan has designated the city of Kisarazu as the official hometown for Nigerians wishing to live and work in the country. The announcement was made on Thursday on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD9), held…

FG to raise N200bn through two bond offers at August auction

By Obinna Uballa The Debt Management Office (DMO) has announced plans to raise N200 billion through two Federal Government bond offerings scheduled for auction on August 25, 2025. According to a notice issued by the DMO on Friday, the subscription price for each bond is fixed at N1,000 per unit, with a minimum subscription requirement…

Ad

Details of the probe report by the Senate Ad hoc Committee set up to investigate the alleged financial recklessness at the Niger Delta Development Commission (NDDC) have emerged.

The investigation focused on the agency’s spendings and activities between October 1999 and May 2020.

The report revealed some findings that prompted the Senate committee to make its recommendations.cash payments to nddc staff during COVID-19 lockdown

According to the report, the embattled Interim Management Committee of the NDDC paid N570m to some staff members to undergo training programmes when Nigeria was on total lockdown following the outbreak of the COVID-19 pandemic.

The report made available to journalists on Friday also showed that N143m was paid to individual members of staff on April 1, 2020 to attend a budget participatory conference.

According to the report, “this period happens to be during the COVID-19 lockdown. It is obvious that the conference was not attended as the country was on absolute lockdown.”

Hence, the panel’s recommendation that the entire sum be refunded by the staff members concerned.

“This payment was made to five members of staff averaging almost N28m per person,” it stated.

The report also added that N171m was paid in cash to 300 drivers on February 3, 2020 to attend a driver training course, scheduled to take place when the nation was on lockdown.

The panel noted that the culture of cash payments to individual staff seems to be a standard practice at the NDDC.

“This custom is not only unethical, it lacks transparency and accountability. NDDC must do away with this practice as a way of improving its duty of stewardship,” the report stated.

It also added that the IMC paid N150m on April 3, 2020, to some NDDC union executives for an International Labour Organisation conference in Turin, Italy.

“Incidentally, this period also happens to be during the COVID-19 lockdown. It is obvious that the beneficiaries of these payments could not travel out of the country as a result of the COVID-19 travel restriction.

“Hence, this sum must be refunded by the union members concerned,” the report added.

According to the report, the names of “delegates” who attended the graduation ceremony of NDDC scholars in the United Kingdom in June 2020 were also revealed.

It also stated that the total cost of the trip was N85.6m, paid to 14 staff members to travel to the United Kingdom.

The report stated, “The composition of the travellers includes the MD/CEO, Prof (Daniel) Pondei; the Executive Director, Projects, Dr Cairo Ojougboh; and another Director, Mr Luke lbanga.

“These payments demonstrate a form of internal control failure in the NDDC, especially with the management’s choice to subject such transactions as cash payments to individual staff members.”

Ad

X whatsapp