Panel Investigating The Alleged Fraud In NDDC Recommends Dissolution Of IMC

– Senate has recommended the dissolution of the Interim Management Committee of the Niger Delta Development Commission

– The panel also recommended that the NDDC should be transferred to the Presidency for supervision

– The Senators are currently debating this recommendations

The Senate ad hoc committee set up to investigate the alleged financial misappropriation and spending by the Interim Management Committee of the Niger Delta Development Commission, NDDC has recommended its dissolution.

It also recommended that the Presidency should take over the supervision of the affairs of the NDDC.

Other recommendations by the panel, was also for the monitoring and advisory bodies recognised by the Act which established the NDDC, to be inaugurated immediately.

It lamented the extra-budgetary spending by the IMC which it noted was affecting the people of the Niger Delta.

Read also: NDDC Contracts Were Like Hitting Jackpot…N10m Project Given Out For N700m – Ojougboh

It noted that the Ministry of Niger Delta has no capacity to implement the forensic audit and therefore demanded that the Auditor General of the Federation should supervise the forensic audit for transparency and efficiency.

It also said the Auditor General should appoint internationally renowned audit experts to carry out the exercise.

It added that the N1.4bn spent on COVID -19 by the IMC  should be refunded to the NDDC account.

Meanwhile, Senators are currently debating the report of the panel, which was presented by the Chairman, Senator Olubunmi Adetunmbi.