Skip to content
July 16, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Reps C’ttee to give accelerated consideration to NDDC, NBET reports
  • National News

Reps C’ttee to give accelerated consideration to NDDC, NBET reports

Admin August 25, 2020
House of Representatives

House of Representatives

The Chairman, House of Representatives Committee on Public Account, Rep. Wole Oke (PDP-Osun) has pledged accelerated hearing in Niger Delta Development Commission (NDDC) and Nigeria Bulk Electricity Trading (NBET) Plc audit reports.

Oke gave the assurance on Tuesday in Abuja, after confirming that the committee received the reports from the Office of the Auditor General of the Federation (OAuGF) on the agencies.

“Yes, we now have the Auditor General of the Federation’ report on NDDC from 2013 to 2018, as well as NBET from 2017 to 2019 respectively.

“I assure Nigerians that both reports would be given accelerated consideration upon resumption from current annual vacation,”he said.

Some of the queries issued in the report on the NDDC included, payment of medical check-up expenses to part-time board members to a tone of N459.350 million.

The OAuGF also queried excessive payment of imprest to the Executive Board members to a tone of N1.3 billion and engagement and payment of external solicitors for N1.5 billion without the consent of the Minister of Justice and Attorney General of the Federation

The query include: irregularities in the award of contracts for logistic and consultation services at a cost of N199 million and award of emergency contracts without stating the contract prices to the tune of three billion Naira.

Others are, doubtful commissioning of consultants for the studies and design projects after the award and execution of the relevant projects to the tune of N485 million.

NDDC

Also payments of rent to a legal advocate on a property belonging to the Rivers Government, but released to the Federal Government which houses the NDDC Headquarters to the tune of N1.2 billion and N698 million being payment of rent to retired generals for regional security surveillance on NDDC projects without evidence of service delivery were also queried.

In the same vein, the OAuGF queried NBET for non-submission of annual audited financial statements for six years between 2014 and 2019.

The report also questioned payments for contract not executed to the tune of N20 million, variation of contract without approval to a tune of N4.8 million and unauthorised payment of N85.6 million for for international training without approval.

Oke said the agencies will be invited to respond to the irregular expenditures queried by the OAuGF. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: NBET NDDC

Post navigation

Previous Leo Stan Foundation trains 135,000 Imo State youths in ICT skills
Next Africa successfully meets certification criteria for wild polio eradication – WHO

Related Stories

Troops apprehend terrorist informants, logistics suppliers in Borno Troops
  • National News

Troops apprehend terrorist informants, logistics suppliers in Borno

July 16, 2026
Federal, state government projects in Imo justify fuel subsidy removal – Presidency 
  • National News

Federal, state government projects in Imo justify fuel subsidy removal – Presidency 

July 16, 2026
FG Rolls Out Reintegration Plans for 1,485 Nigerian Returnees from South Africa
  • National News

FG Rolls Out Reintegration Plans for 1,485 Nigerian Returnees from South Africa

July 16, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

CAC Set to Strike Off 100,000 Dormant Companies over Failure to File Annual Returns new forms of business
  • Business & Economy

CAC Set to Strike Off 100,000 Dormant Companies over Failure to File Annual Returns

July 16, 2026
Enugu Govt Suspends Three Traditional Rulers, Four Town Union Leaders Over Security Breaches government area
  • Metro News

Enugu Govt Suspends Three Traditional Rulers, Four Town Union Leaders Over Security Breaches

July 16, 2026
Kano Hisbah bans commercial film distribution on phones at charging centres Hisbah in Kano
  • Metro News

Kano Hisbah bans commercial film distribution on phones at charging centres

July 16, 2026
Over $12bn traded on World Cup prediction market ahead of Spain-Argentina final
  • Sports

Over $12bn traded on World Cup prediction market ahead of Spain-Argentina final

July 16, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.