Federal Government of Nigeria has revealed that the NDDC got N6trn in eighteen years.
Control TV reports that the Federal Government of Nigeria has revealed that the NDDC got N6trn in eighteen years, maintaining 362 bank accounts without proper reconciliation.
Recall that Control TV had earlier reported that the Attorney General of the Federation and Minister of Justice, Abubakar Malami, has on behalf of the president received the forensic audit report of the NDDC from the Minister of Niger Delta Affairs, Godswill Akpabio, in Abuja, FCT.
Malami said that the commission has about 362 bank accounts that lack proper reconciliation.
Malami while receiving the report said the essence of the forensic audit was to ensure accountability in the use of public funds.
Malami said, “It is on record that between 2001 and 2019, the Federal Government has approved N3, 375, 735,776,794.93 as budgetary allocation and N2,420,948,894,191.00 as Income from Statutory and Non Statutory Sources, which brings the total figure to the sum of approximately N6 trillion given to the Niger Delta Development Commission.
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“The Federal Government is particularly concerned with the colossal loss occasioned by uncompleted and unverified development projects in the Niger Delta region, in spite of the huge resources made available to uplift the living standard of the citizens.
“We have on record over 13,777 projects, the execution of which is substantially compromised. The Federal Government is also concerned with the multitudes of Niger Delta Development Commission’s bank accounts amounting to 362 and lack of proper reconciliation of accounts.”
Malami added that it was clear that considerable resources have been channelled by the Federal Government to the development of the Niger Delta from 2001 to 2019.
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