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NDDC N40b: Senate demands written explanation from Akpabio, CBN

The Senate has demanded a written explanation from  the Minister of Niger Delta Affairs, Godswill Akpabio, over his alleged  involvement in the claims   that N40 billion belonging to the Niger Delta Development Commission was misappropriated.

The directive was communicated to Akpabio by the Senate ad hoc committee  probing the alleged misappropriation.

The Chairman of the ad hoc panel, Sen. Olubunmi Adetunmbi, stated this in the communication sighted, on Tuesday.

He  also told  the Ministry of Niger Delta Affairs, Ministry of Finance, Budget and National Planning, as well as the Office of the Accountant General of the Federation to submit their memorandums.

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Sen. Adetunmbi asked the Central Bank of Nigeria, Bureau of Public Enterprise, the NDDC  Interim Management and the commission’s previous boards, among others  to submit their responses in writing.

The communication also listed the nine Niger Delta   governors, the Nigerian Financial Intelligence Unit, traditional rulers and  contractors  to  submit memorandums.

He said their written submissions, which will be defended under oath at the investigative public hearing, should be submitted not later than June 8.

The Senate, on May 5, asked the ad hoc panel to  probe  the alleged financial recklessness in  the NDDC under the supervision of Akpabio as Minister of the Ministry of Niger Delta Affairs.

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The communication reads in part, “The Senate at its sitting on May 5, 2020 considered a motion on the  urgent need to investigate the alleged financial recklessness in the Niger Delta Development Commission and  resolved among others to constitute an ad hoc committee

“The committee is expected to carry out a holistic investigation into all issues relating but not limited to the alleged misapplication and misappropriation of the sum of N40bn by the commission.

Renew all procurement and financial transactions of the commission in this fiscal year 2020 and any other matter that is not in accordance with the provisions of NDDC Establishment Act, 2020 or any extant law.”