FG approves N722.3m for forensic audit of the NDDC
The Minister of Niger Delta Affairs, Godswill Akpabio announced that the Federal Executive Council (FEC) has approved N722.3m for the forensic audit of the Niger Delta Development Commission (NDDC), DAILY TIMES gathered.
He gave this information on Wednesday after the virtual FEC meeting presided over by President Muhammadu Buhari.
According to Akpabio, the field auditors will do a holistic forensic exercise of the NDDC activities in their respective states they have been deployed to and monitor the funds and resources paid to contractors for all projects.
READ ALSO: Presidency says no cause for alarm over NBS Q2 report
They would likewise analyze the aggregate sum of resources used with the estimation of what was conveyed to the commission and set up if such worth is comparable with the resources consumed.
He disclosed that the auditors were also authorised to look into the 12,000 abandoned projects by the NDDC in the Niger Delta.
He said, “By the time I assume office in August 2019, we discovered there was no budget for the NDDC for the year 2019 up to that September.
“So, we submitted two budgets in November to the National Assembly. And it took quite a while until in April. The budget details were given out to the NDDC in April, to end May 31, less than six weeks.
“Unfortunately, the National Assembly is right now on leave and the budget of NDDC for 2020 has not been passed. So, to enable us to move forward with the exercise and complete it on time, Mr President graciously directed and approved that the payment for the forensic exercise should be undertaken through the Presidency.”
