EletiofeNo money is missing in NDDC - Acting MD...

No money is missing in NDDC – Acting MD reacts to N40bn probe

-

- Advertisment -

According to him, there is no way such an amount will be missing without the Office of the Accountant General flagging it.

“If you attended the hearing in the Senate, the CBN and the Accountant General’s office, gave account of how much that had been spent by the two interim management committees of the NDDC which was N81 billion.

“Out of the N81 billion, N59.1 billion was recorded to have been spent by this particular management committee here.

“In the same report from both agencies, the commission spent N38.6 billion on projects and over N35 billion of this amount, we have published in the media and none of the contractors have come out to say that they did not receive that money.

“The balance of N20.5 billion covered a wide range of things from grossly related to staff matters mostly salaries, historical debts we inherited because the IMC cleared backlog of files left untreated that were left to continue, we have paid back hotel bills that have been there for long, Staff Duty Tour Allowances (DTA) for almost four years,” he said.

Pondei said that some staff had gone out for different assignments and for almost four years, they were yet to be paid saying that the management was clearing those.

According to him, we are still owing Transcorp Hilton Hotel N30 million and by the grace of God, we will take care of all of those.

Apart from that we have done different interventions; nobody can find N40 billion missing, we operate accounts only in the CBN and the accounts there were published and it is from there that the investigation in the Senate were based on, account provided by the CBN, item by item.

“So there is no way N40 billion can be missing and the office of the Account General will not flag it, the Auditor General Office also audit accounts, so let them wait and do the proper auditing and if we are found liable, then they will know what to do.

“That is why the National Assembly has the Public Account Committee which looks into all types of expenditure and revenue and does it mostly as a postmortem,” he said.

Latest news

Change Healthcare Finally Admits It Paid Ransomware Hackers—and Still Faces a Patient Data Leak

More than two months after the start of a ransomware debacle whose impact ranks among the worst in the...

Plant-Based Meat Boomed. Here Comes the Bust

Over the past three years, the plant-based meat industry has experienced a major reversal in vibes. Sales boomed in...

Things invented by kids

Have you ever eaten a popsicle? Did you know a child invented that? ...

6 things that happen when you drink something cold on an empty stomach

Consuming cold drinks on an empty stomach is a common habit, but it can have various effects on your...
- Advertisement -

Philip Shaibu Excluded As INEC Releases Final List Of Candidates For Edo Guber Election

The final list of the candidates for the Edo State gubernatorial polls scheduled for September 21 has been released...

How I Slumped In The Bathroom, Underwent Two Surgeries In Nigeria – Zack Orji (Video)

Veteran actor, Zack Orji has shared his ordeal after he slumped and had to undergo two brain surgeries in...

Must read

Plant-Based Meat Boomed. Here Comes the Bust

Over the past three years, the plant-based meat industry...
- Advertisement -

You might also likeRELATED
Recommended to you