Senate probes alleged spending of N40 bn by NDDC’s IMC in 3 months
The Senate on Tuesday setup an Adhoc Committee to probe alleged financial recklessness by the Interim Management Committee of the Niger Delta Development Commission .
Sekibo in his lead debate noted that the Senate is worried that the accelerated development envisaged by the NDDC’s Act has not actually impacted on the region, 20 years after its establishment. “While the President’s action of setting up an IMC and the forensic audit may have been conceived to forestall the financial recklessness of the commission and reposition it for fast-tracking of the development of the region, the IMC has been more bedeviled with the same financial misuse, misapplication, misappropriation or outright fraud in the management of the funds of the commission.
“In particular, Section 88 of the Constitution , has conferred on the National Assembly and in this case the Senate, to ascertain whether the sum of N40billion so appropriated and in the coffers of the commission, has been properly applied judiciously and appropriately to programmes they are meant for.”
But Lawan in his ruling countered by saying that at the level of investigation, the veracity or otherwise of the allegations would be established. “First, Senator Sekibo is a member of the committee on Niger Delta Affairs and everything he did here was in consonance and approval of the members of this committee.
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