Following concerns by the lawmakers in the Upper Chamber of the National Assembly over the budget of the Niger Delta Development Commission (NDDC), the Commission has told the Senate it has nothing to hide.
The Senate, on Wednesday, May 10 at its session, constituted an ad hoc committee to probe the financial activities of the NDDC for 2021 and 2022 Budget estimates.
The Senate also stood down consideration of the 2023 Budget of the NDDC for further clarification on the figures contained in the budget.
While appreciating the concerns raised by the Senate, the NDDC, in a statement by its Director, Corporate Affairs, Dr. Ibitoye Abosede, said that the Commission would continue to respect its oversight functions.
The NDDC said that it was ready to cooperate with the investigative committee insisting that it was committed to transparency and accountability in its operations.
“It is important that we clarify that the Senate has not accused the Board and Management of the NDDC of corruption or misappropriation of N1.4 trillion.
“The Senate only thinks that the funds were expended without approval or appropriation by the National Assembly. This misunderstanding can be quickly resolved by providing the necessary documents and explanations.
“The NDDC also wishes to explain that the delays in submitting its budgets and audited accounts to the National Assembly were due to factors beyond its control, such as bureaucratic bottlenecks and frequent leadership changes.
“The Commission has, however, taken steps to address these issues to ensure timely compliance with all statutory requirements.
“We appeal to the general public to refrain from making hasty judgments based on the Senate’s decision. The NDDC assures all stakeholders of its dedication to the development of the Niger Delta region and the welfare of its people,” the Commission said.
