“Consequently, the IMC has lost credibility and is seen as a financial conduit based on the opinions of stakeholders in the region.”
The Senate and House of Representatives yesterday resolved to investigate how the Interim Management Committee of the Niger Delta Development Commission allegedly squandered N40 billion within three months.
He said: “While President Buhari’s action of setting up an IMC and the forensic audit might have been conceived to forestall the financial recklessness of the commission and reposition it for fast-tracking the development of the region, the IMC has been more bedevilled with the same financial misuse, misapplication, misappropriation or outright fraud in the management of the commission’s funds.
During the general debate, Senators Bala IbnNa’Allah and Ajibola Basiru raised different constitutional points of order to stop the motion, complaining that it was being driven by mere allegations. The committee will probe all procurements and financial transactions in the current fiscal year to ascertain compliance with the law. It will also find out whether the commission followed laid down procedure in the layoff and engagement of key management staff.
He further claimed that in the wake of the COVID-19 pandemic, the contract was allegedly awarded for the supply of Hilux vehicles and medical consumables worth N4.8 billion, in clear breach of Sections 19, 25, 41 and 42 of the Public Procurement Act, 2007. But in a statement titled,‘There is no fraud at NDDC,’ dated April 25, 2020, and signed by NDDC’s Director of Corporate Affairs Charles Obi Odili, the commission responded to some reports it described as inaccurate.
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