NDDC abandoned $70m in bank for 13 years - Akpabio

NDDC abandoned $70m in bank for 13 years - Akpabio

- The cleansing process in the Niger Delta Development Commission (NDDC) is unfolding a lot of corruption in the commission

- Firms and banks, who are afraid of being indicted, are coming forward to make refunds of money abandoned in accounts for many years

- The minister of Niger Delta Affairs, Godswill Akpabio, said that the NDDC, due to long years of corruption, has about $70 million of its funds in banks for about 13 years

More revelations are unfolding following the order of President Muhammadu Buhari for a forensic audit of the Niger Delta Development Commission (NDDC).

There have been claims and confirmed reports that many NDDC projects were left uncompleted in oil-rich states of the country due to non-release of funds by the then leadership of the commission.

Godswill Apkabio, the minister of Niger Delta Affairs, said that some firms, especially banks, who are scared of being indicted are now coming forward to make refunds to the NDDC.

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NDDC abandoned $70m in bank for 13 years - Akpabio
Niger Delta Affairs minister, Godswill Akpabio, is sweeping the place clean at NDDC
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Akpabio specifically said: “I know of a bank that came to say they have $70 million from 2006, one also came to say N170 million had been abandoned, I’ve forgotten in which administrations in the last 11 years, they said they are ready to refund.

“I think people were treating the place as an ATM, where you just walk in there to go and pluck money and go away, I don’t think they were looking at it as an interventionist agency.”

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The minister said that the rot in the system came about over a period of 19 years, and as such, it will take a lot of effort and time by the current administration to get rid of.

Meanwhile, Legit.ng reported that Akpabio had said that the forensic audit of the NDDC by the administration of President Buhari was yielding positive results already.

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Akpabio, speaking in Abuja on Friday, December 27, said that when the NDDC is finally cleansed and salvaged from its rot, it will be one of the greatest legacies and accomplishments of President Buhari.

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