President Muhammadu Buhari has received the final report of the forensic audit of the Niger Delta Development Commission, NDDC, from Niger Delta Affairs Minister, Godswill Akpabio.
According to a report by The Nation, the documents conveyed in sacks were received by the Attorney General of the Federation and Minister of Justice, Abubakar Malami, who represented the President.
In his remarks shortly before handing over the report, Mr Akpabio, disclosed that the forensic audit covered a total of 13,777 contracts awarded from 2001 to 2019 at a final contract value of N3, 274,206,032,213.24.
Mr Akpabio said: “The report of the audit committee showed that there are over 13,000 abandoned projects in the Niger Delta and even before the submission of the report some contractors have returned to site on their own and completed about 77 road projects.
“Although the exercise had a checkered history, I thank Mr President and all those who supported and ensured its success.”
He stressed that the exercise was not done to witch-hunt anyone but to ensure that the huge sums of funds committed to the area yearly are justified.
He lamented that the region had remained backwards since 1958 in spite of successive governments efforts through the creation of various interventionist programmes and projects.
Lead Forensic Auditor, Kabir Ahmed, in a brief overview of the report, said that the team recommended managerial as well as structural changes, chief of which is the downsizing of the NDDC’s board.
He said to reduce cost the team recommended that members of the team should henceforth be appointed on part time basis.
According to reports, the appointment of members of the board of the NDDC had been suspended until release of the audit report.
Mr Ahmed also disclosed that oil companies in the country are still in default of their contributions to the Commission.
“We recommended that the government should withdraw the license of any oil company which defaults for a period of three years.
“Also, deduction of 15% ecological fund at source and be paid to the commission because both the federal and state governments have failed to make payments to the commission.
“The team recommended as a measure of effective revenue collections, the Federal Inland Revenue Services should collect funds on behalf of NDDC from oil companies in the country.”
