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Just In: Senate Begins Probe on Fresh Multi Billion Naira NDDC Fraud

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embezzlement

NDDC house of fraud: Senate uncovers fresh embezzlement in commission

The Senate said it had received fresh fraud allegations against the management of the Niger Delta Development Commission, NDDC.

The red chamber said the new financial infractions were not captured in the list of the allegation of N40bn reckless spending which a whistle-blower brought against the NDDC to the parliament recently.

The Senate said the fresh probe would be handled by the Senate Committee on Ethics, Privileges and Public Petitions.

The chairman of the panel, Senator Ayo Akinyelure, confirmed the development in an exclusive interview with Punch Newspaper in Abuja.

He explained that the acting Managing Director of the NDDC, Kemebradikumo Pondei, would be summoned after the Senate panel had concluded its public hearing involving the United Bank for Africa Plc and the liquidators of the defunct NITEL/EMTEL, which would take place next Wednesday.

Akinyelure said, “There is a petition that has just been sent to my committee by the leadership of the Senate.

“I received it on Tuesday. It is about the alleged fraudulent practices of the acting Managing Director of the Niger Delta Development Commission.

“I will take my time to study the petition. Our committee will invite him as soon as we conclude hearing on the case involving the UBA which is before our committee.

“We will invite the MD to come and explain to the whole world how he allegedly misappropriated billions of funds as the head of the agency.”

NGstudents Team Cares….. 

About Amakvitaa (7021 Articles)
Web Developer, Educationalist And A Lover Of The Nigerian Students

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