Buhari orders criminal investigation into N6trillion investment in NDDC for 19yrs | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 68 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 94%

Business News News

Business Business Latest News,Business Business Headlines

President Muhammadu Buhari has ordered a criminal investigation into an approximated six trillion naira given to the Niger Delta Development Commission (NDDC) since 2001.

Recall that the President had ordered for a holistic forensic audit of the activities of the Commission from

Represented by the Minister of Justice and Attorney General of the Federation Abubakar Malami, Buhari stated: “The Federal Government will, in consequence, apply the law to remedy the deficiencies outlined in the audit report as appropriate. ninety ninety-four naira, ninety-three kobo as budgetary and two trillion, four hundred and twenty billion, nine hundred and forty million, and, eight hundred and ninety-four thousand, one hundred and ninety-one naira as income from Statutory and non Statutory Sources, which brings the total sum to six trillion naira given to the Niger Delta Development Commission.

According to him, the report on the forensic audit of the NNDC and recommendations will be critically analysed for necessary action and implementation. “Funds spent on development activities should as a consequence promote political and socio-economic stability in the Region,” Buhari added. His words: “Via Field Verification, the Forensic Auditors established the exact status of all contracts for projects and programmes in all constituent states during the period under review classified into completed, ongoing, abandoned, terminated, taken-over and non-existence.”The Minister disclosed that the auditors also focused on funding gaps, Irregularities, mismanagements and Due Proces Violations/Conflicts of interest.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yet anoda blind probe unloadg!!!! Destined to go d way of former EFCC helmsman Magu's probe!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines