Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » NDDC dismisses allegation of missing N183.7bn

    NDDC dismisses allegation of missing N183.7bn

    August 18, 2015
    Share
    Facebook Twitter LinkedIn WhatsApp

    18 August 2015, Port Harcourt —Niger Delta Development Commission, NDDC, has described as untrue, allegations that N183.7 billion of the commission was missing.

    NDDCExecutive Director, Finance and Administration of the commission, Mr Henry Ogiri, who spoke in 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 for 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 mobilisation 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.

    – Vanguard

    Related News

    CSS Igbo-Etche wins NLNG 2025 science quiz competition

    Onne Terminal boosts community ties with Solar-Powered water project

    NDDC plans Agric Summit for Niger Delta region

    E-book
    Resilience Exhibition

    Latest News

    NEPZA, Federal Committee, Dangote Refinery FZE to crash petroleum products prices

    June 26, 2025

    ‘Cross-border financial crimes draining billions from West, Central Africa’ 

    June 26, 2025

    Tariff crisis stalls Nigeria’s gas-to-power expansion

    June 26, 2025

    NNPC/First E&P JV achieves 10 million LTI-free man-hours across operations

    June 26, 2025

    NCDMB, Dangote Refinery inaugurate Joint Committee to deepen local content

    June 26, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.