says Commission
turned into cesspool of corruption
*Reveals IMC received N81.5bn between Oct. 29, 2019 and May 31, 2020 and expended all
*Recommends immediate refund of N4.923bn questionable spendings
*Insists Board, not IMC, statutory for Commission
Senate yesterday called for immediate disbandment of the Interim Management Committee,
IMC, of the Niger Delta Development Commission, NDDC, for allegedly turning the
intervention body into a cesspool of corruption.
Specifically, the upper legislative chamber ordered for immediate refund of N4.923billion
expended by the IMC on questionable items between April and June this year.
Board of Directors, Senate added, is the statutory body that should run the agency at anytime,
and not IMC.
These and other far reaching recommendations were taken by the Senate on the strength of
the report presented to that effect by its ad-hoc committee on alleged financial recklessness in
the NDDC.
Chairman of the ad-hoc committee, Senator Olubunmi Adetunmbi (APC Ekiti North), in the
17-point recommendations he presented and adopted by the Senate, said the IMC of NDDC
spent money recklessly as made available from three major sources.
The sources, he explained, are monetary contributions into the agency by oil companies
mostly in Dollars, budgetary provisions and Internally Generated Revenues, IGR.
From the three sources, according to the report, NDDC got a total of N81.5billion between
October 29, 2019 and May 31, 2020 and expended all.
Though two different IMCs, the report stated, held NDDC during the period under review but
the current one headed by Professor Daniel Pondei which assumed office on the February 19,
this year, spent about 90 per cent of the monies on items that were very questionable.
The most frivolous of the spendings, the report stated, was the N4.923billion spent between
March and May this year , which it declared, must be refunded by the beneficiaries who were
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