BNW

 

B N W: Biafra Nigeria World News

 

BNW Headline News

 

BNW: The Authority on Biafra Nigeria

BNW Writer's Block 

BNW Magazine

 BNW News Archive

Home: Biafra Nigeria World

 

BNW Message Board

 WaZoBia

Biafra Net

 Igbo Net

Africa World 

Submit Article to BNW

BNWlette

BNWlette

BNWlette

BNWlette

BNWlette

 

Domain Pavilion: Best Domain Names

‘Dearth of investible funds, bane of industrial sector’

 

 

Subscription Form

Click here

 

 

 

 

LogoDaily Independent Online.         * Friday,July 16, 2004.

Reps to probe NDDC over alleged fraud

By Uchenna Awom

National Assembly

Correspondent, Abuja

 

Plans have been concluded by the House of Representatives to probe the Niger Delta Development Commission (NDDC) following allegations of fraud, award of contracts without due process, financial recklessness and over-invoicing running into billions of naira.

Documents made available to Daily Independent also showed that the commission presented conflicting financial figures to two different committees of the House as the balance in its account at the end of the 2003 financial year.

The discrepancies stem from the accounts given to the House Public Accounts Committee by the NDDC which showed that it had a left-over of N9.310 billion from N66.72 billion it received at the end of 2003 while, in the same breath, it presented a N10 billion figure to the House Committee on Niger Delta.

Last week, the House Committee on Public Accounts summoned the management of the NDDC to clarify issues raised in petitions. At the end of the meeting the committee announced that it will embark on a verification tour of completed and yet to be completed projects to ascertain the veracity of claims.

It will also investigate if projects are commensurate with the huge amount already expended by the commission in the troubled Niger Delta.

Most members of the committee said that it may not be true afterall that the NDDC is short of funds if it claims that it is left with such a balance after executing projects.

Such claims, some insist, have raised more questions than answers besides the conflicting figures presented.

The investigation, it was learnt, may be connected with several petitions against the NDDC where its alleged financial duplicity was highlighted.

The committee is not also taking lightly an internal memo from thirteen directors of the commission to the managing director, dated December 10, 2003 and marked “confidential”.

 In it, they drew his attention to their experiences on December 8 and 10, 2003 which compelled them to convey their misgivings with some of the happenings in the NDDC.

It read in part:  “We feel that as directors, it does not do the commission any good for us to be invited to a meeting with members of the National Assembly or any other stakeholder group only to be sent out later in deference to an ‘Executive Session’.  

“We also wish to bring to your notice, certain vexed issues that have been previously raised by us to the former Managing Director, G.E. Omene. We have observed that management meetings have been reduced to mere briefing sessions while board decisions are not communicated to us. Equally of note is a ‘committee’ of managing director and executive directors whose critical decisions are not communicated to us.

“Laid down procedures are either ignored or selectively applied. Project selection, initiation, awards and payments are all made without clear and consistent procedure. For instance, tenders and tender board meetings are almost always to the exclusion of directors of the commission”.

 Although House Committee on Niger Delta Chairman Olaka Nwogu confirmed that NDDC presented N10 billion as the balance of its accounts for the financial year ended 2003, he indicated that his committee is yet to establish enough grounds to investigate the commission. However, he added: “Where such exist we will set up a panel to do so, and such will be in public”.

 

 

 

Copyright� 2002. All Rights Reserved Independent Newspapers Limited
Block5, Plot 7D, Wempco Road, Ogba, P.M.B. 21777, Ikeja, Lagos State, Nigeria.
www.dailyindependentng.com
e-mail: [email protected]




 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BNWlette

BNWlette

BNW News

BNWlette

BNWlette

Voice of Biafra | Biafra World | Biafra Online | Biafra Web | MASSOB | Biafra Forum | BLM | Biafra Consortium

 

 

 

 

 

 

 Axiom PSI Yam Festival Series, Iri Ji Nd'Igbo the Kola-Nut Series,Nigeria Masterweb

Norimatsu | Nigeria Forum | Biafra | Biafra Nigeria | BLM | Hausa Forum | Biafra Web | Voice of Biafra | Okonko Research and Igbology |
| Igbo World | BNW | MASSOB | Igbo Net | bentech | IGBO FORUM | HAUSA NET (AWUSANET) | AREWA FORUM | YORUBA NET | YORUBA FORUM | New Nigeriaworld | WIC: World Igbo Congress