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The Senate ad hoc committee investigating financial recklessness in the Niger Delta Development Commission (NDDC) on Thursday said the agency had spent N1.3 trillion within four years, with some of the spending unlawful.
The committee revealed the figure during the presentation of its investigative report.
The Senate Committee Chairman, Senator Olubunmi Adetunmbi, reading the report noting that the NDDC spent the N1.3 trillion between 2015 and May 31, 2019.
Many of the expenses, Adetunmbu said, were extra-budgetary.
He said the committee observed process errors and infractions, as well as substantial payments, were made to staff in the form of unjustifiable allowances.
The investigation further revealed that the NDDC paid 4.9 billion Naira to staff for numerous allowances including COVID-19 relief, tour duty allowances, overseas travel, and international scholarships.
Curiously, the payment for overseas travel and scholarship was during the lockdown and cessation of flights abroad.
The committee expressed worry over the forensic audit called for by President Buhari, as it is at a rudimentary level with the recruitment of the auditors still underway even after eight months.
It further noted that the performance of the interim management committee, IMC is a major issue as the record of the IMC has not shown any record of prudence and it should be dissolved.
It however observed that the ministry of Niger delta is culpable of negligence in the supervision of the NDDC.
