N75bn Allegedly Looted By NDDC’s IMC, Not N40bn, Group Says It Uncovers Fresh Revelations

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  • Asks Buhari, NASS To Probe Missing N75bn
  • Says NDDC Shutdown, A Ploy To Cover Alleged Mismanagement And Loot More Funds
  • It’s Plot To Derail The NDDC Interim Magt Committee, Says Commission

The amount of money allegedly mismanaged at the Niger Delta Development Commission (NDDC) could be in excess of N40bn often reported in the media as an anti-corruption group says it has uncovered  additional N35 billion alleged to have been illicitly expended by the Interim Management Committee (IMC) of the NDDC.

The anti-corruption group, Act for Positive Transformation Initiative said with this fresh revelation, a whooping sum of N75bn has been allegedly lost to corruption at the Commission, asking the Presidency and the National Assembly who had already initiated a probe into the scandal to re-launch again and beam its searchlight afresh on N75bn and not the initial N40bn it set out to investigate.

The anti-corruption group through its Head, Directorate of Research, Strategy and Programmes, Mr. Kolawole Johnson made the jaw-dropping revelations on Sunday while speaking with journalists in Abuja, the Federal Capital Territory(FCT).niger delta development commission nddc

Read also: Why I Slapped Akpabio, Ex-NDDC MD, Nunieh Makes Fresh Allegations

According to him, the abrupt shutting down of the NDDC headquarters was all part of the gameplan to perfect the carting away of the huge sums.

This fresh revelations are coming amid the forensic audit into past and present NDDC spending ordered  by President Muhammadu Buhari late last year.

Also, following the allegations of fraud against the Commission and the Minister of Niger Delta Affairs, Chief Godswill Akpabio as extensively reported in the media, the Senate had on May 5, set up a six-member Ad-hoc Committee to probe into alleged financial recklessness, and alleged illicit spendings by the Interim Management Committee(IMC) of the Niger Delta Development Commission NDDC.

The Ad-hoc Committee, which has Senator Olubunmi Adetunmbi as Chairman, has been mandated to probe all issues relating to the alleged misapplication and misappropriation of funds at the Commission including the sum of N40 billion allegedly mismanaged by the IMC, N16.2bn illicit payments purportedly authorized to Rodnab, a company alleged to have links to Chief Akpabio, and sundry sums paid to various companies under inappropriate water hyacinth projects, etc.

Read also: NDDC-IMC’s Crisis: Firm Faults NDDC’s Odili’s Allegations, Says “We Are Not Into Politics”

While alleging that a whopping additional N35bn  has been inappropriately, and illicitly spent, a development which jacked up the amount allegedly mismanaged by the IMC to N75bn,  the group said in its statement thus:

“Gentlemen of the Press, Let me attempt to paraphrase a salient quote from Theodore Roosevelt, the 26th POTUS. ‘Patriotism means to stand by your country, not to stand with any public official, save to the degree in which the official stands by the country.

“For us as civil society organizations, it is unpatriotic not to oppose public officials when they fail in their duties to the country. It is unpatriotic not to tell the truth, especially as it touches corruption, mis-governance and open rape of people’s trust.”

“The Niger Delta Development Commission (NDDC) has been in focus since April, obviously for the wrong reasons. The audacity for looting and dark tendencies has surged uncontrollably in recent days. This worrisome development calls for serious interrogation, investigation and immediate action.”

“The late Executive Director of Finance & Administration died in the early hours of Thursday, May 28th, 2020. Very early in the day, our organization, Act for Positive Transformation Initiative, had intercepted a sinister ploy to weave the unfortunate death around COVID-19.”

“Some newspapers subtly reported this online. By 1pm, we were on a national television where we further warned actors to desist from such satanic plot. We also revealed, that the plan involved shutting down NDDC offices, forcing staff to go on isolation and eventually returned with COVID-19 positive status claims in the public.”

“Gentlemen, all these have played out. We must act to prevent life as the end of the ploy may lead to more casualties.”

“To this end, we are calling for immediate investigations of the COVID-19 claims of NDDC officials. We call on National Center for Disease Control (NCDC), the Ministry of Health, the Presidential task Force on COVID-19 and all relevant agencies to immediately investigate NDDC claims and NCDC officials in Rivers State”, he said.

Stating further, Mr. Kolawole said: “We also appeal to, Mr Boss Mustapha, the Secretary to the Government of the Federation who doubles as the head of PTF on COVID-19 to compel the Niger Delta Development Commission (NDDC) to make available, names of officials they claim are positive. We kept tabs on the movement of some officials, we can indeed provide information on where some of them visited to help in contact tracing, besides their immediate communities and families will certainly be of help during investigation”.

“We submit that this whole ploy is meant to jeopardize the ongoing probe of the commission. Our curiosity is further heightened by the slow pace of work by the National Assembly. There must not be any political settlement on the wicked rape of the people’s resources. Till date, we are yet to receive any invite from the National Assembly despite our extensive work in exposing the ongoing corruption in the commission.”

“We want to duly and responsibly inform the National Assembly and relevant agencies that the amount under probe should be over #75 Billion Naira (SEVENTY FIVE BILLION NAIRA), not the touted 40 Billion Naira as the present Interim Management Committee, IMC, of the Niger Delta Development Commission (NDDC) has expended over 80 Billion Naira in just four months. Aside from the wage bill, the rest must be subjected to forensic analysis.”

“The discoveries will amaze Nigerians. So many abuses of regulations. How do you explain the payment of 13.6 Million Naira for “consultancy on the construction of infant Jesus”? The said payment went into a zenith bank account number 1014119683.”

“How do you justify Two Billion Naira ( N 2,000,000,000) on acclaimed media spending in just two months? How much has the Federal Government spent on media? A large part of these payments was meant to block us from the media. This is why we must appreciate the media houses who have refused to be compromised. You have a date with history in the battle against corruption in Nigeria.”

“From the numerous payments, you can conclude that the present IMC is only there to clear the money. 34 Million naira was paid into Zenith Bank account number 1012613187 for ‘consultancy on reputation management for NDDC.”

Same company received into same account a sum of 536 Million Naira in one day for “campaign to save lives” in the Niger Delta”, the group said.

It disclosed that the “payment was broken into 16 units to divert attention”, adding: “We are sure you are aware of the 39 Million Naira paid on May 19th, for “consultancy on rebuttal”. Three days later, precisely, May 22nd, another 641 Million Naira was paid for media support.”

“Towards the end of March, 2020, when businesses and countries were closing their doors, the same company was paid 34 Million Naira for ‘Niger Delta Development Forum in Washington DC, USA’ and another 32.9 Million Naira for ‘Summit on NDDC and Investment Opportunities in Dorchester, London’, same day”.

“On the 22nd day of April, 2020, Julius Dinga Nig Ltd, a mining company, was paid 98.3 Million Naira for “consultancy on provision of publicity on the effect of corona virus campaign”. The said sum was paid into Zenith account number 1016587299. A forensic analysis of NDDC accounts for 2020 will reveal heart rendering tales of corruption and disregard for financial regulations laws.

“We wonder what the security and anti-corruption agencies are doing despite the documents we have released to the public.

“It is also patriotic to note that comments from certain quarters that President Muhammadu Buhari appears to be supporting and rewarding corruption in NDDC hence the continuous looting of the people’s resources, deserves some attention by the government.

“The 2020 first quarter statistics should start reorganizing our priorities. Our debt to revenue ratio was 99%, meaning 99% of our income went into debt servicing. Forget fund for capital projects in that scary situation, ask where salaries and other overhead cost came from.

“This is the time to block all loopholes. It is time to truly kill corruption else corruption will kill us. We cannot be borrowing for some people’s pleasure and greed. Nigeria must work. Niger Delta must work. The people must not be left in the present state of neglect. The President must act now”, the group said.

Repeated efforts to speak with the NDDC spokesman, Mr Charles Odili on these grave allegations last night were unsuccessful.  His cell phone was severally switched off.

However, while speaking in an interview with newsmen  at the NDDC headquarters in Port Harcourt recently, the Commission’s Director  of Corporate Affairs, Mr  Odili, had defended the NDDC’s  IMC against allegations of graft and inappropriate expenditure or reckless spending spree.

According to Odili, the accusations of corruption leveled against the IMC were deliberate plots being masterminded to undermine the efforts of the current IMC of the Commission.

He said: “When this IMC came in with the mandate to drive the forensic audit, it was well aware that it will have enemies. There are some people who have unjustly benefited from the system who will be brought to book.

“They are the people fighting back. People like this don’t have any other arsenal other than to resort to the media because the media gives them space to vent their venom. When you say you want to carry out a forensic audit, it is a delicate matter.”

'Dotun Akintomide
'Dotun Akintomide
'Dotun Akintomide's journalism works intersect business, environment, politics and developmental issues. Among a number of local and international publications, his work has appeared in the New York Times. He's a winner of the National Youth Service Corps (NYSC) Award. Currently, the Online Editor at The New Diplomat, Akintomide has produced reports that uniquely spoke to Nigeria's experience on Climate Change issues. When Akintomide is not writing, volunteering or working on a media project, you can find him seeing beautiful sites like the sandy beaches that bedecked the Lagos coastline.

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