Banks,Contractors Making Refund To NDDC- Akpabio

Banks,Contractors owing the Niger Delta Development Commission (NDDC) are beginning to make refund.

Minister of Niger Delta Affairs, Senator Godswill Akpabio, who made this known in Abuja, said that millions of funds, in naira and hard currencies, had been disclosed by some banks he described as ‘culpable’ in the alleged fleecing of NDDC over the years.

According to him, the preliminary process is to audit which may take as long as four months, noting that the corrupt system that broke the purpose of the Commission down took almost two decades.

He, however, observed that the cleansing process of the Commission by the administration would become one of President Buhari’s greatest legacies.

“I believe, from Mr. President’s perspective, when the decision is taken, the law will take its course. I believe some of them will be made to refund. As I speak now, some have come forward that they have money from the NDDC and that they did not, because of regime change, utilize the money.

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“Some have come to say they were given billions to supply things that they could not supply for one reason or the other, that the moneys are stuck in the banks. We have also found some banks that are culpable because they also withheld moneys of the NDDC”, he said.

“I know of a bank that came to say they have $70 million from 2006, one also came to say N170 million had been abandoned, I’ve forgotten in which administrations in the last 11 years, they said they are ready to refund. I said no problem, just hang on, we’ll sort all these out when the forensic comes in to let us know all the recoverable and all that,“he added.