'Within the last three months, the commission has spent over N40 billion without recourse to established processes of funds disbursement,' a senator said
The Senate has set up a seven-member ad-hoc committee to probe the “financial recklessness” of the Interim Management Committee of the Niger Delta Development Commission .
The resolution to set up the committee followed deliberation on a motion on the “Urgent need to investigate alleged financial recklessness in the NDDC” – sponsored by George Sekibo. “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 bedevilled with the same financial misuse, misapplication, misappropriation or outright fraud in the management of the funds of the commission.
The lawmaker also faulted the IMC’s arbitrary use of executive power in alleged wrongful sacking of management staff without recourse to established civil service rules and practice with the aim of allegedly concealing the fraudulent financial recklessness they have committed.
“…My learned colleague in the bar, Senator Na’allah raised a point of order and in the process, he said that the committee failed to perform its duties and it is on record. When the issue was raised again, he went over to say again that Sekibo did not bring it on behalf of the committee. “To say that a member of the committee brought a motion and it was debated and you say that the committee has relegated on its powers, it is an affront on the integrity and personality of some of us in the committee. He is a lawyer, I am 31 years in the bar, you cannot make such derogatory statement about me,”he protested.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alleged N40 billion fraud: Senate probes NDDC Management Committee - Daily Post NigeriaThe Nigerian Senate on Tuesday constituted a probe Committee that would investigate alleged embezzlement of over N40 billion by the Interim Management
Read more »
No query issued to NDDC over alleged N5.5bn scam – Ministry
Read more »
Senate begins probe of SIP cash transfer register
Read more »
Senate asks FG to suspend 5G network deployment
Read more »
COVID-19: Nigerian Senate honours, prays for late health workers - Daily Post NigeriaNigeria Senate on Tuesday observed a minute silence in honour of health workers who lost their lives in the battle against COVID-19. The upper chamber
Read more »
COVID-19: Senate introduces National Health Emergency Bill – Daily TrustThe Senate on Tuesday passed for first reading, National Health Emergency Bill, 2020. The bill, sponsored by Senator Chukwuka Utazi (Enugu North), is the Senate’s version of the House of Representatives’ amendment of the Quarantine Act, which was subjected to fierce criticism. The House bill, titled “Control of Infectious Disease Bill 2020” was sponsored by …
Read more »