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NDDC’s IMC under probe over N40b

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A PROBE of alleged “reckless” spending of N40billion by the Niger Delta Development Commission (NDDC) Interim Management Committee (IMC) was launched by the National Assembly on Tuesday.

The Senate and the House of Representatives set up separate ad-hoc committees to investigate the allegation.

The IMC is supervising a forensic audit of the NDDC as ordered by President Muhammadu Buhari.

The Senate ad-hoc committee, chaired by Senator Olubunmi Adetunmbi (Ekiti North), is to probe the sum allegedly spent within three months without due process.

Other members are Senators Jika Dauda Haliru (Bauchi Central), Mohammed Almakura (Nasarawa South), Abdulfatai Buhari (Oyo North), Chukwuka Utazi (Enugu North), Ibrahim Hadeija (Jigawa North-East ) and Degi-Eremienyo Wangaha (Bayelsa East).

The resolution followed a motion titled: “Urgent need to investigate alleged financial recklessness in the NDDC” sponsored by Senator George Sekibo (Rivers East).

Sekibo, in his lead debate, said it was worrying that what is on the ground in the Niger Delta does not justify the huge funds allocated to the NDDC over the years.

“While the President’s action of setting up an IMC and the forensic audit may have been conceived to forestall the financial recklessness of the commission and reposition it for fast-tracking of the development of the region, the IMC has been more bedevilled with the same financial misuse, misapplication, misappropriation or outright fraud in the management of the funds of the commission,” the Senator said.

He accused the IMC of “undue gross misconducts in fraudulent contracts award without due recourse to due process and flagrant disobedience to the provisions of the Sections 19, 25, 41 and 42 of the Public Procurement Act, 2007”.

“Within the last three months, the Commission has spent over N40 billion of the commission’s funds without recourse to established processes of funds disbursement which has opened up further suspicion among stakeholders of the Niger Delta Region,” Sekibo said.

Sekibo urged the Senate to mandate the Senate Committee on Niger Delta Affairs to carry out a holistic investigation of all issues relating to but not limited to misapplication and misappropriation of the N40 billion.

He also wants probed all NDDC procurements and financial transactions in this fiscal year and any other matter not in accordance with the provisions of the NDDC Establishment Act 2000.

Senators Bala Ibn Na’Allah (Kebbi South) and Ajibola Basiru (Osun Central) through different constitutional points of order, tried to stop the motion from sailing through, but it was approved when it was put to a voice vote by Senate President Ahmad Lawan.

Senators Na’Allah and Basiru opposed the I’mmotion on the grounds of being driven by allegations.

But Lawan said the investigation will establish the veracity or otherwise of the allegations.

Senate Committee on Niger Delta Affairs Chairman Senator Peter Nwaoboshi, however, objected to assertions that the Committee may have been negligent in its oversight duties.

On why the Senate Committee on NDDC is not handling the probe, Lawan said: “It is not strange to have an Adhoc committee when we have a standing committee.”

The House of Representatives mandated its Committee on NDDC to investigate all issues relating to misapplication and misappropriation of funds by the commission and report back to the House for further legislative action.

To this end, the Green Chamber summoned the Supervising Minister of the Ministry of Niger Delta Affairs, Godswill Akpabio and the IMC.

The resolutions followed a motion by Peter Akpatason, which was adopted by a majority.

Moving the motion, Akpatason expressed concern about “petitions” on “imprudent spending of scarce financial resources” by the NDDC.

He said he was alarmed by claims that the Commission had spent over N40billion in a space of two months without a corresponding effect on the region; 70 per cent of which was allegedly made on emergency projects and the completion of NDDC headquarters.

The lawmaker alleged the spending was “without due regard to fiscal governance as encapsulated in the Fiscal Responsibility Act, 2007 and other extant Financial Regulations.

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BREAKING: President Tinubu Returns to Nigeria from European Working Visit

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President Bola Tinubu has returned to Nigeria after spending about four weeks in Europe. Government

The presidential aircraft carrying the President landed at the Presidential Wing of the Murtala Muhammed International Airport at about 6:22 p.m. on Tuesday.

Journalists at the airport were restricted from taking visuals of the President’s arrival as the aircraft made its way to the terminal.

Tinubu departed Nigeria on August 30 for London, then travelled to Paris, where he held engagements with French President Emmanuel Macron, including a dinner. Government

His return marks the end of his extended stay abroad; the President is expected to participate in activities marking Nigeria’s 66th Independence Anniversary on October 1st.

 

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Tinubu Unveils $7bn Plan to Drive Ogun Deep Seaport, Special Economic Zone, Says Onanuga

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President Bola Tinubu has unveiled an investment package of more than $7 billion for the development of the Ogun State Blue Marine Special Economic Zone and the Gateway Deep Seaport, describing the projects as a major step towards strengthening Nigeria’s maritime economy and attracting foreign investment.

In a statement by his Spokesman, Bayo Onanuga, on Thursday, the President spoke in Paris, France, during the signing of Memoranda of Understanding between the Ogun State Government and DP World, a global ports and logistics operator, for the development of the projects.

Tinubu assured domestic and foreign investors that the Federal Government would continue to provide regulatory clarity, policy stability and a predictable business environment to support long-term investments in Nigeria.

“The agreements before us bring together vision, expertise, capital and execution capacity. I particularly welcome DP World, one of the world’s leading port and logistics operators,” the President said.

He added that the Federal Government would provide the necessary regulatory and institutional support to ensure that the projects moved seamlessly from agreements to implementation.

According to the President, the agreements are expected to attract an initial investment of more than $7 billion into the Nigerian economy and create over 50,000 direct jobs when fully developed, alongside additional indirect employment opportunities.

Tinubu said the projects would also generate non-oil export earnings and contribute to Nigeria’s economic diversification.

“This is economic diversification made tangible. This is industrialisation made visible. This is Renewed Hope in action,” he said.

The proposed Gateway Deep Seaport at Ogun Waterside will have a four-kilometre berth and an 18-
metre draft. The facility is expected to help decongest the Lagos port corridor and ease pressure on the Apapa and Tin Can Island ports.

The president said the deeper draft would enable the port to accommodate larger vessels while providing a competitive gateway for trade within Nigeria and across the African Continental Free Trade Area.

He noted that the proposed Ogun State Blue Marine Special Economic Zone would cover about 10,000 hectares and would be integrated with the deep seaport to support manufacturing, processing, exports and logistics.

“The Gateway Deep Seaport is the critical infrastructure that will support the zone’s viability. A port moves cargo; a port integrated with a special economic zone helps to build an economy. Each reinforces the other,” Tinubu said.

He said the Federal Government would facilitate road, rail and power connectivity to the projects, while strengthening investment security and the maritime domain and removing unnecessary bureaucratic obstacles.

The president also linked the projects to the Lagos-Calabar Coastal Highway, describing the Ogun section of the road as a critical transport connection for the emerging industrial and maritime corridor.

“The Lagos–Calabar Coastal Highway is central to this corridor’s commercial viability,” he said, adding that the 28-kilometre Ogun section of the 700-kilometre highway was scheduled for completion before the end of the year.

Tinubu said the port and industrial zone would also form part of a wider strategic corridor linking the proposed Nigerian Navy Operating Base and Dockyard with the OK LNG Project.

The President commended Ogun State Governor Dapo Abiodun and his administration for securing the land and structuring the investment framework.

“I commend Governor Dapo Abiodun and the government and people of Ogun State for securing the land, structuring the investment framework and reducing project risks for global investors,” he said.
Governor Abiodun led the Ogun State delegation at the signing ceremony, which also included state commissioners and other senior officials.

Senior representatives of DP World, the Nigerian Ports Authority and SkyKapital were also present at the event.

Tinubu urged Ogun State and the investors to maintain the momentum created by the agreements and move quickly towards implementation.

“Nigeria lies at the heart of West African trade. Yet, our strategic advantage has been constrained by port congestion, inadequate draft capacity and logistics bottlenecks that increase the cost of doing business. These projects respond directly to those constraints,” he said.

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Happy Birthday to Me! 🎂🎉

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Today, I celebrate myself and give all glory and thanks to Almighty God for the gift of life and for bringing me this far. I am grateful for the opportunity to be alive, healthy, peaceful, happy, and prosperous.

As I celebrate another year today, I pray for greater blessings, wisdom, good health, peace, success, and abundant prosperity in the years ahead.

May this new chapter of my life be filled with joy, favour, wonderful opportunities, and fulfilment of my heart’s desires.

Happy Birthday to me! 🥳🎉
Congratulations to me on this special day. 🙏❤️🎂

I wish myself many more happy and prosperous returns. Cheers to a beautiful new year of my life! 🥂🎉

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