Nigeria Probes NDDC Over N1 Trillion Debt

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Nigeria Probes NDDC Over N1 Trillion Debt

The Federal Government has commenced investigations into the activities of the Niger Delta Development Commission (NDDC) with a view to unravel the cause of the N1 trillion debt the commission owed contractors since its inception 17 years ago.

Vanguard Newspaper quoted the Minister of Niger Delta Affairs, Usani Uguru, as saying this on Thursday while speaking to reporters in Abuja.

Uguru said the federal government was worried and determined to investigate the huge debt.

The Nigerian Government also announced its intention to clean up the commission, following allegations that some staff of the commission were demanding for percentages before contract payments are made.

He said the oil rich region is fundamentally deplorable despite the enormous allocation the region has been getting in the past 17years.

He said: “The region is deplorable and the question is that for all these years that resources had been allocated there, what has been happening and this curiosity leads us to research what is responsible for the situation.”

“That led to the knowledge of so much debt without anything to show for it. So, we are compelled by circumstances, not by our desire, to know why so much waste had taken place.”

The NDDC is a federal government agency established by former President Olusegun Obasanjo in the year 2000 with the sole mandate of developing the oil-rich Niger Delta region of Nigeria.



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