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N180billion is not missing in the commission’s treasury – NDDC MD

NDDC Managing Director, Dan Abia
NDDC Managing Director, Dan Abia
Clearing the atmosphere of the alleged missing N183.7 billion in the account of the Niger Delta Development Commission, NDDC, the management of the commission in the meeting with President Mohammadu Buhari yesterday, emphatically said no such money is missing.
The meeting was held on August 26 at the Aso Rock Villa, Abuja, to clarify the issues surrounding an alleged missing money.
NDDC Board
NDDC Board
The managing director of the NDDC, Dan Abia, who spearheaded the contingent of his directors in the meeting, told State House correspondents that the allegation is no true.
Abia, claiming to be clean, explained after the meeting that he was not even the managing director of the commission during the period (2008-2012) that the auditor-general referred to in the allegation and that he is ready to stand his ground with evidence available at the disposal of the commission.
The NDDC MD said he was the one who requested to meet and brief the president and not the other way round as reported by some media
“It is only proper that we come and brief the president, and I requested to meet Mr. President in my capacity as the managing director of the NDDC.
“So, I was not summoned as reported in the media; we briefed the president on our mandate”. he explained.
Speaking further, Abia said he was not the MD of the commission as at the period the allegation covers
“As far as the audited account of the NDDC is concerned, how many of us know that the audited account under note refers to 2008 to 2012?
“I was not the managing director then. Let’s get that fact clear.”
He added: “The second one on not having no assets; I don’t know from when to when. On principle, I came to brief Mr. President proper.
“Let me assure you that even by the admission of the auditor-general, no N180 billion is missing because APG [Advance Payment Guarantee], as you know, is governed by advanced payment directives.”
A few days earlier, the auditor-general of the federation, Samuel Ukura, declared that a special audit report showed the money, which was meant for the development of the Niger Delta, was diverted by the leaders of the commission.
The auditor-general pointed out that those dissatisfied with the report could defend themselves before a special committee of the National Assembly.
Reports by the auditor-general of the federation revealed that certain fictitious multi-billion naira contracts were awarded, paid and backdated to last year, in a bid to cover alleged financial misdeeds, even after the board had been sacked with a specific mandate to the managing director to take over.

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