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Home Business News Politics

ICPC moves against NDDC top management over corruption allegations, quizzes directors

Chike Olisah by Chike Olisah
August 29, 2020
in Politics
ICPC, corruption, NDDC, Reps order arrest of Ag MD NDDC
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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has interrogated the top management staff of the Niger Delta Development Commission (NDDC) over allegations of numerous acts of corruption.

Some of those corruption allegations include diversion of funds, procurement fraud, and misappropriation of the agency’s COVID-19 funds.

READ: NDDC probe: House of Reps to sue Akpabio for perjury

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The disclosure was made in a press statement which was issued by the ICPC on Saturday, August 29, 2020.

Some of the directors of NDDC were interrogated at the Commission’s headquarters recently, after months of intelligence gathering, following the receipt of petitions from Nigerians on the alleged illegalities and contract fraud by some officials of the agency.

The statement pointed out that top officials of the agency are being investigated for their complicity in an alleged diversion of N5.474 billion meant for the purchase of Personal Protective Equipment (PPE) for health workers handling the COVID-19 pandemic in the 9 states of NNDC.

READ: FIRS moves to stop tax evasion with newly launched intelligence system 

The Commission is also investigating the payments of millions of naira to the staff of the agency for foreign training during the COVID-19 full lockdown which were never attended, as well as the non-payment of entitlements to students on foreign scholarships.

The ICPC is investigating other allegations like, the selling of back-dated contract award letters for projects and award of contracts that were not captured in the budget of the NDDC.

The corruption agency had already retrieved relevant documents that would aid its investigations towards the recovery of diverted funds and prosecution of breaches of the law.


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Tags: ICPCIndependent Corrupt Practices and other Related Offences CommissionNDDCNiger Delta Development CommissionNigeria News
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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