NDDC ‘abandoned’ $70 million in bank for 13 years – Akpabio

While hundreds of NDDC projects remain abandoned and uncompleted across the oil producing states, partly due to non release of funds, the agency ‘abandoned’ $70 million in a bank for over a decade, an official has said.

A series of investigations by PREMIUM TIMES on the status of projects by the Niger Delta Development Commission (NDDC) show that many remain abandoned in states like Imo, Akwa Ibom and Cross River, leaving many residents frustrated.

Some of the projects, including health centres and schools, commenced as far back 2006 with some of the contractors saying they were abandoned because the NDDC refused to pay them.

While such projects lingered, however, the agency kept the unspent funds and did not return it to the coffers of the federal government as expected.


Read All From Original Article on Premiumtimes

Be the First to get breaking news in Nigeria. Download All Naija Media App Now.  Also. Advertise with us.

%d bloggers like this: