Furious Buhari, Summons NDDC Management Over Contract-Splitting

Worried by alleged mismanagement of funds of the commission running into billions of Naira, the Presidency has summoned the management of the Niger Delta Development Commission, NDDC, to answer questions on the true financial status of the agency.
Competent sources confirmed to Vanguard that the President would meet the management team of the NDDC and take them up on many issues relating to the management of the resources of the commission since the new board came on board in December 2013.
Buhari, according to sources close to his office, is furious that the management has allowed influential politicians to hijack the agency and made away with billions of Naira under the guise of executing contracts with little or no result on the ground to show for such money.
It was learnt that the President would seek answers to why the commission refused to adhere to due process in the award of major contracts valued at billions of Naira, preferring instead to split them in violation of the Public Procurement Act.
The President is reported to have been furious that the commission went ahead to award multi-billion naira contracts, paid and backdated them to last year to cover the financial misdeed even after the board had been sacked with a specific mandate to the managing director to take over the place.

Attempt To Divert N3.8bn Allocation

It was also learnt that the meeting, which is to take place at the Presidential Villa this week, is to enable President Muhammadu Buhari to get first brief from the Managing Director, Mr. Dan Abia and the two executive directors of Finance and Projects, Henry Ogiri and Engr. Tuoyo Omatsuli on what they have been doing to move the troubled region forward since they were appointed to office in December 2013 by former President Goodluck Jonathan.
It was learnt that the managing director, who had accused the CBN of withholding the money was shocked on reaching the CBN to discover that two of his directors had secretly signed and collected the huge amount and paid to their ‘contractor-friends’ without his knowledge.
The struggle for the control of the finances of the commission is said to have reached its most embarrassing point about two months ago when two directors of the commission connived and withdrew N3.8 billion from the NDDC account in the Central Bank of Nigeria and paid the money to their favoured contractors drawn from their own states, leaving the managing director in the dark.
The briefing by the three key officials will also determine the next line by Buhari regarding their continued stay in office given the gamut of petitions of wrongdoing against them by Niger Delta stakeholders, individuals and groups.