FG moves to recover $5.6b, N649b debts oil firms owe NDDC | The Guardian Nigeria News - Nigeria and World News

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The Federal Government has set up a committee to recover $5.6 billion and about N649 billion which oil companies owe the Niger Delta Development Commission (NDDC).

Minister of Niger Delta Affairs, Godswill Akpabio, who disclosed this in Abuja while receiving the Nigeria’s Permanent Representative to the United Nations, Tijani Muhammad-Bande, in his office, said the committee was headed by the Minister of Finance to recover the monies.

“At the last count, about $5.6 billion and about N649 billion are monies owed to the NDDC by oil companies. So, the NDDC itself is on life support because what they get on a monthly basis is just enough to pay their salaries and maintain their offices, but people are not aware,” Akpabio said. According to the minister, many projects have been completed in the Niger Delta while many are still on-going, such as the East West Road that is expected to be completed by the end of next year.

 

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