Why Buhari opted to directly fund forensic audit - NDDC
chuks oti
Aug 27, 2020
The Interim Management Committee, (IMC) of the Niger Delta Development Commission (NDDC) has commended President Muhammadu Buhari for approving eight forensic field auditors to audit the commission from 2001 to 2019.
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The commission, in a statement by its Director, Corporate Affairs, Charles Odili, said the President approved the funding following considerations that the National Assembly had not passed the NDDC 2020 Budget.
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The statement further said the payment of the fees and stipends of the NDDC scholarship students a road had commenced as all formalities with the Central Bank of Nigeria (CBN) had been regularised.
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Odili said: "We are grateful to Mr. President for matching his words with action and approving the funding of the forensic exercise directly from the Presidency.
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"We note that the President graciously approved this peculiar funding arrangement because he gave due consideration to the fact that the National Assembly has not passed the NDDC 2020 budget.
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"With the funding challenge now settled, we are on course to accelerate the tempo of the forensic audit, which will cover the headquarters and the projects in the 9 NDDC mandate states, to ensure that the exercise is completed on time.
"We also thank Mr. President and the Minister of Niger Delta Affairs, Senator Godswill Akpabio, for the timely appointment of Mr. Effiong Akwa, as the new NDDC Acting Executive Director, Finance and Administration, EDFA.
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"The sudden death of the former EDFA, Chief Ibanga Etang, had affected the processing of the payments for the NDDC Overseas Postgraduate scholarship programme.
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"Payment of the fees and stipends of the students have now commenced, as all formalities with the Central Bank of Nigeria, CBN, have been regularisedÔÇØ.
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— chuks oti