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Audit Report Shows 13,777 Niger Delta Projects Were Compromised – Nigerian Government

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The Nigerian authorities says it was involved that over 13,777 tasks being dealt with by the Niger Delta Growth Fee have their execution “considerably compromised.”

The Lawyer-Basic of the Federation and Minister of Justice, Abubakar Malami, stated this whereas receiving the forensic audit report of the NDDC from the Minister of Niger Delta Affairs, Godswill Akpabio, in Abuja on Thursday.



President Buhari had, in 2019, ordered a forensic audit of the NDDC’s operations from 2001 to 2019.

Kemebradikumo Pondei, the then-Performing Managing Director of the fee, was sacked over allegations of mismanagement of funds, and in December 2020, the President appointed Effiong Akwa as the brand new head of the company.

In his speech, Malami additionally famous that 362 accounts belonging to the NDDC weren’t correctly reconciled.

In line with him, the essence of the forensic audit was to make sure accountability in using public funds.

The minister stated, “It’s on document that between 2001 and 2019, the Federal Authorities has authorized N3,375,735,776,794.93 as budgetary allocation and N2,420,948,894,191.00 as Earnings from Statutory and Non Statutory Sources, which brings the entire determine to the sum of roughly N6 trillion given to the Niger Delta Growth Fee.

“The Federal Authorities is especially involved with the colossal loss occasioned by uncompleted and unverified improvement tasks within the Niger Delta area, despite the massive sources made obtainable to uplift the residing commonplace of the residents.

“We now have on document over 13,777 tasks, the execution of which is considerably compromised. The Federal Authorities can be involved with the multitudes of Niger Delta Growth Fee’s financial institution accounts amounting to 362 and lack of correct reconciliation of accounts.”

Malami stated it was clear that appreciable sources have been channelled by the Federal Authorities to the event of the Niger Delta from 2001 to 2019.

He stated it was subsequently necessary for the Federal Authorities and the general public to be correctly knowledgeable of what has been spent and the way that has been spent.

“The essence of the forensic audit is to make sure probity and accountability in using public funds. It’s towards this background that the Federal Authorities will with out hesitation strategically implement all elements of the audit train that may promote probity and higher prosperity for the Niger Delta Area and Nigeria as complete,” he asserted.

Malami added that the Petroleum Trade Act not too long ago signed into legislation was to “to carry concerning the prudence and accountability within the Petroleum Sector and to present a way of participation and possession to the Host communities.”

 

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