N318m Approved For NDDC Forensic Audit

N318m Approved For NDDC Forensic Audit

David Ugbabe

The Minister of Niger Delta Affairs, Godswill Akpabio, has revealed that the sum of N318 million has been approved by the Federal Executive Council (FEC) for the forensic audit of the Niger Delta Development Commission (NDDC).

This was made known in a meeting presided over by the Vice President, Yemi Osinbajo, at the Presidential Villa, Abuja.

Akpabio, while speaking with correspondents at the State House stated that the need for an audit became necessary following complaints by nine governors of the Niger Delta states in October 2019 thereby leading to the order for an audit by President Muhammadu Buhari.

He revealed that in the meantime, the lead consultant is expected to divide the audit into nine lots, one per state, as well as hire nine forensic auditors to check the books of the commission, and the management of the NDDC would collaborate with the organization.

The NDDC chief expressed optimism that the Federal Government would recover colossal amounts of money in local and foreign currencies at the end of the exercise.

Other ministers as well revealed that they had received approval for funds from the FEC for the execution of several projects. The Minister of State for Transport, Senator Gbemisola Saraki, received approval for the contract of N1.48 billion for purchase of equipment for ship berthing safety at the ports. And another contract totalling N556 million for the extension of consultancy services in respect of rehabilitation of Tin Can Island Port in Lagos.

Also, Minister of Works and Housing, Babatunde Fashola, revealed that he received approval for the engineering design in relation to the Abuja-Kano Road at a cost of N872 million.

Happenings Media