Akpabio has disclosed that the recent take-over of the NDDC by a Sole Administrator was necessitated by a court injunction.
FG is seeking collaboration with stakeholders for the implementation of programmes geared towards the development of the Niger-Delta.
Akpabio said he remains committed to producing a regional road map for development of the Niger Delta.
Some of the directors of NDDC were interrogated at the Commission’s headquarters.
The delay, it was revealed, was caused by the sudden death of the then EDFA of the commission.
The Deputy Chairman of the committee will now take over as the head of the probe panel.
The fund is to boost indigenous participation in the oil and gas sector in order to grow local content.
Federal Government had placed liens on N6 billion of assets which are being investigated in relation to contractors and former directors of the NDDC.
Nigeria’s President, Muhamadu Buhari, has ordered an immediate forensic audit of the accounts of the Niger Delta Development Commission, NDDC
FG earns N28.6 trillion from VAT, others