The Niger Delta Development Commission, NDDC, has again debunked
allegations of missing funds, saying only N33 billion has been paid to
its vendors since the inception of the expanded Interim Management
Committee, IMC.
Speaking during a press briefing at the Commission’s headquarters in
Port Harcourt on Monday, the NDDC Director, Corporate Affairs, Mr.
Charles Obi Odili, explained that the N33 billion that was paid was just
a very little part of a debt portfolio of about N2 trillion.
He said, “the Commission has paid what we describe as historical debts
amounting to about N33 billion from the inception of the expanded IMC on
February 20, 2020. The historical debts cover debts to our vendors; some
persons who have been owed between N1 million and N3 million, some for
over seven or eight years.”
Mr Odili noted that the payments were actually intended to alleviate the
sufferings and plight of Niger Delta people, adding: “The essence is to
save lives and livelihoods of the Niger Delta people because some people
borrowed money from banks to do little supplies and some of them got
very ill and were in the hospitals and there was nothing that the IMC
could have done but to assuage to this very humane issue and I think
that any compassionate person anywhere in the world will do same.”
He said the historical debts, which have been settled to a large extent,
included the Commission’s obligations to those who do supplies and
render services, like hotels and other things to keep the organisation
running.
Explaining why some NDDC contractors have not been paid, Odili said:
“the National Assembly has instructed us not to pay for road projects
and most of the contractual obligations we owe to our contractors who
are complaining are those who have done majorly road projects. So, we
have an instruction from the National Assembly not to pay and we are
abiding by this instruction. When it is lifted, all our contractors,
especially those who have done road jobs will get their payments.”
According to the NDDC Director, “the Commission has a debt portfolio of
about N2 trillion. So, when people say that we have paid so much they do
not know that we have just paid very little from the avalanche of debts
that we owe as an organisation and sincerely no organisation will want
to be in a situation like this.”
Odili said: “A large percentage of the N2 trillion has to do with
emergency projects. When the budget doesn’t come on time as at when due,
some managements have taken recourse to this line of action to solve an
emergency and often times because the budget is not available, the
emergency often runs for a long time and this is rather unfortunate. It
is not a thing that we are continuing with. But we are dealing with it
as something that happened in the past.”
Lamenting that the 2019 budget of the NDDC was never implemented because
the final budget got to the Commission six weeks before its expiration,
Odili appealed for quick approval of the 2020 budget. “Once that is done
a lot of things, a lot of actions will be expedited,” he said, adding
that “When there is a staccato of voices, where there is a lack of
unanimity of purpose, as we have seen in recent times, the Niger Delta
region suffers for it. The IMC was instituted by Mr President through
the Office of the Minister of Niger Delta Affairs to provide the
enabling atmosphere for the forensic audit to thrive. We should not
detract from this assignment. Let us give them a chance to succeed.”