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Buhari Orders Criminal Investigation Into N6 Trillion Investment In NDDC For 19 Years

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President Muhammadu Buhari has ordered criminal investigation into an approximated six trillion naira given to the Niger Delta Development Commission (NDDC) since 2001.

Recall that the President had ordered for a holistic
forensic audit of the activities of the Commission
from inception to August 2019 in response to the yearnings of the people of the Niger Delta region to reposition it for the effective service delivery.

Buhari gave this order Thursday in Abuja after receiving the final forensic audit report from the Minister of Niger Delta Affairs, Sen. Godswill Akpabio.

Represented by the Minister of Justice and Attorney General of the Federation (AGF) Abubakar Malami, Buhari stated: “The Federal Government will in consequence apply the law to remedy the deficiencies outlined in the audit report as appropriate.

“This will include but not limited to initiation of
criminal investigations, prosecution, recovery of funds not properly utilized for the public purposes for which they were meant for amongst others.

“In all these instances of actions, legal due processes will strictly be complied with.”

According to the President, the forensic audit report willbe forwarded to the Federal miinistry of Justice for a legal review and relevant Ministries, Departments and Agencies (MDAs) of government will be engage in doing justice to the findings accordingly.

Buhari disclosed that, It is on record that between 2001 and 2019, the federal government has approved three trillion, three Hundred and Seventy five billion, seven hundred and seventy six thousand, seven Hundred and ninety ninety four naira, ninety three kobo as budgetary and two trillion, four hundred and twenty billion, nine hundred and forty million, and, eight hundred and ninety four thousand, one hundred and ninety one naira as income from Statutory and non Statutory Sources, which brings the total sum to six trillion naira given to the Niger Delta Development Commission.

He said it was also on record that the the execution of over 13, 777 projects in the oil rich region were substantially compromised.

Buhari noted that the Federal government is also concerned about multitudes of Niger Delta development commission’s bank accounts amounting to 362 and lack of proper reconiliation of accounts.

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He stated that the call for the audit by the people of the Niger Delta Region arose from the huge gaps between resources invested in the region vis a vis the huge gap in infrastructural, human and economic development.

Buhari said he was not oblivious of the interest
generated by Stakeholders towards the forensic audit
exercise and the agitation for the constitution of the Board of the NDDC.

He went on: “However, this Administration is determined to address challenges militating against the delivery of the mandate of the NDDC to the people of the Niger Delta
Region.

“It is in the broader context of the foregoing developments that the i recently signed into Law the Petroleum Industry Act (PIA) which has been a contentious issue over the years for successive governments, to bring about the prudence and accountability in the Petroleum Sector and to give a sense of participation and ownership to the host communiues.”

According to him, the report on the forensic audit of the NNDC and recommendations will be critically analysed for necessary action and implementation.

“We owe it a duty to the people of the Niger Delta Region to improve their standard of living through the provision of adequate infrastructural and socio-economic development.

“The welfare and socio- economic inclusion of the Niger Delta Region is paramount to the development and security of the Region and by extension the country.

“Funds spent on development activities should as a consequence promote political and socio-economic stability in the Region,” Buhari added.

Earlier in his remarks, Akpabio disclosed that the auditors have concluded examination
and documentation of a total 13,777 contracts for
projects and programmes awarded to Contractors and consultants in all Niger Delta States from 2001-August 2019, at a total final contract value of N3,274.206,032,213.24.

According to Akpabio, the name and identity of a vast number of beneficiary companies were also captured as well.

His words: “Via Field Verification, the Forensic Auditors established the exact status of all contracts for proiects and programmes in all constituent states during the period under review classified into completed, ongoing, abandoned, terminated, taken-over and non-existence.”

The Minister disclosed that the auditors also focused on funding gaps, Irregularities, mismanagements and Due Proces Violations/Conflicts of lnterest.

He went on: “A Personnel Audit and Review of the governance and organisational structure of NDDC was also carried out. An
operational guideline/Manual and a fit-for-purpose organogram that would aid the transformation of NDDC to a globally competitive development agency has been developed as well.

“Available financial records of the commission were analysed with the aim of establishing the total amount of funds received by the Commission from all sources, both statutory and non-statutory and the total funds and other resources paid to contractors as well as the total amount outstanding as debts with regards to such projects within the period under reference.

“The Auditors have also provided policy recommendations, interms of measures that should be taken to ensure the prevention of such irregularities and mismanagement, going forward.

“With utmost respect Sir, I crave the indulgence of Your Excellency that after my speech, the Lead Forensic Auditors will present to you a quick summary of their Findings and Recommendations.”

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ADC Accuses APC of Avoiding Performance Record, Shifting Focus to Personalities Ahead of 2027

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By Yusuf Danjuma Yunusa

The African Democratic Congress (ADC) has accused the ruling All Progressives Congress (APC) of attempting to divert public attention from its economic and security record by obsessively focusing on opposition candidate Atiku Abubakar and former President Olusegun Obasanjo’s personal opinions.

In a statement issued Monday, ADC National Publicity Secretary Mallam Bolaji Abdullahi said the APC’s response to recent criticism from Catholic Bishops reveals a party unable to defend its governance record.

“The APC wants the 2027 election to be about personalities because it cannot defend its performance,” Abdullahi said. “They want this election to be about Obasanjo’s personal opinion of Atiku based on a distant past because they cannot defend Bola Ahmed Tinubu’s record based on current performance.”

The statement comes after Catholic Bishops reportedly raised concerns about worsening poverty, insecurity, and the rising cost of living during a recent meeting with President Tinubu. The ADC accused the ruling party of attacking the Bishops rather than addressing their substantive concerns.

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“Whenever respected Nigerians point to the deepening poverty, worsening insecurity, rising cost of living, or the collapse of public confidence under this administration, the APC never answers for its record,” Abdullahi said. “Instead, it looks for someone to attack. Yesterday, it was the Catholic Bishops. Today, it is Alhaji Atiku Abubakar. Tomorrow, it will be someone else.”

The ADC challenged the APC government to answer specific questions about its economic management, including why food prices continue to soar despite proclaimed economic growth, why poverty has deepened, and why the government is spending 69% of revenue on debt servicing—a figure the World Bank has described as dangerously high.

The party also defended Atiku Abubakar’s record as Vice President under Obasanjo, noting that Nigeria experienced stronger economic growth and greater macroeconomic stability during that period.

“While President Obasanjo was in office, with Alhaji Atiku Abubakar serving as Vice President and Chairman of the National Economic Council, Nigeria experienced stronger economic growth, greater macroeconomic stability, stronger investor confidence, and a far more affordable cost of living than Nigerians endure today,” the statement read.

“Whatever political differences may now exist between the two men, that record remains a matter of public history and cannot be erased.”

The APC had not issued an official response to the ADC’s allegations at the time of this report. However, party officials have previously dismissed opposition criticism as politically motivated.

Political analysts note that the exchange reflects an intensifying campaign season, with both parties already positioning themselves for the 2027 presidential election. The ADC, while a smaller opposition party, has sought to align itself with the broader critique of the APC’s economic policies under President Tinubu.

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Atiku Fires Back at the Presidency: “767 Factories Shut, 335 Others in Distress Under Tinubu”

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By Yusuf Danjuma Yunusa

Former Vice-President Atiku Abubakar has accused the Tinubu administration of presiding over an increasingly hostile business environment, alleging that 767 factories had shut down while another 335 were operating under severe distress.

Mr Atiku said the closures and difficulties facing manufacturers contradicted the Federal Government’s claims that its economic reforms were restoring growth and improving the business environment.

The former vice-president, who is the presidential candidate of the African Democratic Congress, ADC, stated this in a response to the Presidency’s defence of President Bola Tinubu’s economic record.

In a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, Mr Atiku said the government’s claims of economic prosperity existed largely in official statements and had not been reflected in the experiences of businesses and ordinary Nigerians.

He said the administration was celebrating Gross Domestic Product, GDP, growth and other macroeconomic indicators while manufacturers, small businesses and households faced rising operating costs and declining purchasing power.

“The Presidency proudly announced that Nigeria’s GDP has increased significantly since the exchange-rate adjustment. We ask a simple question: Has the purchasing power of the average Nigerian increased?” Mr Atiku said.

“Are manufacturers paying less for energy? Have small businesses become more profitable? The answer, tragically, is no.”

He said the closure of hundreds of factories and the distress faced by many others reflected the pressure created by high energy costs, multiple taxes, expensive logistics, rising electricity tariffs and weak consumer demand.

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Mr Atiku argued that government policies could not be described as successful if they increased public revenue while reducing the productive capacity of the economy.

“Government cannot tax its way into prosperity while simultaneously shrinking the productive capacity of the economy,” he said.

“Manufacturers are battling record energy costs. Small businesses face multiple taxes, rising electricity tariffs, escalating logistics expenses and declining consumer demand.”

The former vice-president said tax reforms should be designed to encourage production, create jobs and expand the tax base rather than place additional pressure on struggling businesses.

“A tax reform that expands government revenue while ordinary citizens become poorer cannot honestly be described as progressive,” he said.

He added that successful tax systems were built on productivity and economic growth, not by extracting more revenue from businesses and households already facing financial pressure.

Mr Atiku also questioned the government’s borrowing policy, saying the debate should not focus solely on Nigeria’s debt-to-GDP ratio but on the economic value generated by borrowed funds.

“No serious economist argues that borrowing is inherently wrong. Nations borrow. The real question is this: what has Nigeria obtained in return for the unprecedented debts accumulated under this administration?” he asked.

He said Nigerians had a right to demand evidence that borrowed funds were being used to improve infrastructure, create jobs, strengthen public services and raise living standards.

Mr Atiku noted that businesses continued to spend heavily on alternative sources of electricity, while high logistics costs and poor infrastructure remained major obstacles to production.

“After record borrowing and record budgets, businesses are still forced to spend enormous sums generating their own electricity,” he said.

“Logistics costs remain among the highest in Africa. Manufacturers continue to struggle under crushing operating costs, while many roads remain in deplorable condition.”

The former vice-president said infrastructure should be assessed by its economic impact rather than the number of projects announced or commissioned by the government.

“Every administration announces projects. Nigerians are interested in completed projects that reduce the cost of doing business, improve mobility, guarantee stable electricity and stimulate economic growth,” he said.

Mr Atiku also challenged the Presidency’s explanation concerning crude-backed financing arrangements, arguing that the government had admitted that future oil earnings had been committed in ways that limited the country’s ability to benefit from favourable crude oil prices.

He said Nigerians deserved full disclosure on the terms of such arrangements, including the volume of crude committed, repayment conditions, funds received and projects financed.

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Presidency Sets Seven-Week Deadline for State Police Bill Draft

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By Yusuf Danjuma Yunusa

The presidency has officially set a seven-week timeline for the completion of the draft executive bill on state policing, with the proposed legislation expected to reach President Bola Tinubu for review by September 3, 2026.

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Femi Gbajabiamila, chairman of the presidential working group on the national policing bill, disclosed the schedule on Monday, confirming that the draft will be formally transmitted to the president exactly seven weeks from now.

Gbajabiamila’s announcement underscores the administration’s accelerated push to overhaul Nigeria’s centralized policing structure, a reform initiative that has gained significant traction amid growing calls for decentralized security architecture to address the nation’s complex law enforcement challenges.

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