NDDC Spent N2.1 billion On Communication In Seven Months, Says CBN |The Source

By Uche Mbah

The Niger Delta development Commission, NDDC, which has been under legislative satellite recently, spent N2.1 billion on public communication between October 2019 and may 2020, the Central Bank of Nigeria, CBN, and the Accountant General of the Federation, AGF, said in a report they submitted to the Senate investigative panel.

The NDDC is currently running under an interim Management Committee, with an Acting Managing Director, Daniel Pondei.

The NDDC had during their public hearing at the House of Representatives insisted that they spent N1.1 billion on communication over a period spanning seven months, a whooping difference of N1 billion.

The CBN report showed that the Commission’s IMC led by its former acting managing director, Joi Nunieh  expended  N17 million between October 31, 2019 and February 18, 2020, but the expenditure ballooned under the present Acting Managing Director , Daniel Pondei, who spent the rest between February 19 and May 31, 2020.

In recent times, the NDDC IMC has been under the parliamentary scrutiny following allegations of misappropriation by the NDDC management and allegations that N40 billion cannot be accounted for from the coffer of the agency’s till.