NDDC dismisses allegations of missing N183.7bn as untrue

Hamilton Nwosa
Writer

Ad

Nsukka Catholic Diocese Grieves Loss of Bishop Emeritus Francis Okobo at 89

By Abiola Olawale The Catholic community in Nsukka, Enugu State has been engulfed by tears following the passing of Most Rev. Dr. Francis Emmanuel Ogbonna Okobo, Bishop Emeritus of the Nsukka Catholic Diocese. It was gathered that Okobo passed away on Friday, August 29, 2025, at the age of 89. The revered cleric, who served…

Anticipation as Tottenham Accelerates Transfer Chase for Atalanta’s Ademola Lookman

By Abiola Olawale English football club, Tottenham Hotspur is reportedly intensifying negotiations to sign Atalanta’s star forward Ademola Lookman as the summer transfer window approaches its September 1 deadline. It was gathered that Lookman, a 27-year-old Nigerian international, has reportedly caught the eye of Tottenham. Lookman is also reportedly eager to return to the Premier…

Oil Prices Aren’t Likely To Rise Anytime Soon

Analysts surveyed by Reuters expect Brent Crude to average $67.65 per barrel and WTI Crude to average $64.65 per barrel this year, with slight adjustments from previous forecasts. Factors contributing to the subdued oil price outlook include rising supply from OPEC+ and non-OPEC+ producers, slowing demand growth post-summer, and uncertainties from U.S. trade policies. Major…

Ad

NIGER DELTA DEVELOPMENTPORT HARCOURT – Niger Delta Development Commission, NDDC has dismissed as untrue allegations that N183.7  billion of the commission was missing 

Executive Director, Finance and Administration of the commission, Mr Henry Ogiri who spoke at Abua, Ahoada West local government area , Rivers state said the allegation of missing fund contained in the report of the Auditor General of the Federation , Mr Samuel Ukura to the National Assembly was allegedly premature and misinforming.

He said: “I find the report very misleading and untrue. It tended to portray the current management as being responsible for the missing money when in fact the period covered by the report is 2008-2012. I will say without fear of contradiction that the Auditor-General’s report is premature. I say this because we are already putting together the responses to the queries which were directed to a period we were not in the commission.”

“I completely disagree with the Auditor-General on this issue. Some of the claims he made in his report are things that do not hold water as at today. However, we are at an advanced stage of writing our own report. But from our preliminary findings, I do not believe that there is any money missing. The current management is quite capable of giving a proper account of the Commission’s finances based on available records. It does not matter that we were not there for the period under review.”

He further  alleged that some of the monies the Auditor General raised in his report were in a suspense account while the audit was on. 

“We no longer pay mobilization for contract jobs. Our contractors are now expected to demonstrate their competence and capability before payments are made. In addition, we now insist on proper scoping for our jobs, as well as holding pre-award meetings to tie all loose ends,” he said.

Ogiri also inspected the 23. 5 kilometer Otuasega-Obedum-Emelego roadproject being constructed by the commission. The road links Bayelsa and Rivers 

Ad

X whatsapp