Breaking News
Download http://bigtheme.net/joomla Free Templates Joomla! 3
Home / News / Help Us Recover Funds, NDDC Urges House of Reps Committee

Help Us Recover Funds, NDDC Urges House of Reps Committee

The Managing Director of the Niger Delta Development Commission, NDDC, Mr Nsima Ekere, has appealed to the House of Representatives Committee on NDDC to assist the Commission recover outstanding funds and properly address the issue of the Federal Government’s indebtedness to it.

Mr Ekere made the appeal when members of the Committee, led by its Chairman, Hon Nicholas Mutu, paid him a courtesy visit at the Commission’s headquarters in Port Harcourt.

The NDDC Chief Executive Officer, who received the lawmakers in the company of the Executive Director Projects, Engr Dr Samuel Adjogbe and other directors, said the Commission would appreciate an expedited process that would enable it access funds to continue to work for the peace and progress of the Niger Delta region.

Ekere reminded the committee that it had started a process which was yet to be concluded. He said: “I recall that you had invited the Accountant-General of the Federation and some officials of the Ministry of Finance on the issue of the outstanding payments due to the NDDC from the Federation Account. That issue is still pending and the reconciliation which the President ordered is yet to be concluded.

“We will appreciate your usual support to push the process forward so that we can access these funds that will enable us to continue to work for the peace and progress of the Niger Delta region. You would have noticed that in the last two years, the region has been experiencing peace and tranquillity. This is largely because of the projects being undertaken by the Federal Government under President Muhammadu Buhari and the NDDC.”

The NDDC boss said that the new found peace in the region had helped the oil and gas industry to thrive and produce optimally, translating to more fund inflow into the Federation Account.

He expressed optimism that the Ministry of Finance would reciprocate by helping the NDDC to recover some of the funding that are still outstanding, noting that President Buhari had directed the Federal Ministry of Finance and the Federal Ministry of Budget and National Planning to work with the NDDC in reconciling all statutory obligations due to the Commission and agree on an immediate payment plan.

Ekere thanked the House of Representatives and the Senate for successfully midwifing the amendment of the Nigeria Liquefied Natural Gas Limited, NLNG, (fiscal incentives, guaranteed and assurances) Act of 2004 which stripped the NLNG of its immunity from financial contributions to the NDDC. “That is something that we are grateful for because it helped the NDDC to realise funds with which to pay contractors for the projects they are handling,” he said.

Ekere remarked: “We will like to place on record the wonderful support which the NDDC continues to enjoy from your committee and the National Assembly as a whole. We convey our appreciation to your committee and the National Assembly leadership for the support you have been giving to the NDDC and by extension the Niger Delta region.

“It is also on record that through your support we have been able to recover a lot of revenue from the oil and gas companies operating in the Niger Delta region. The companies that had hitherto failed to fulfil their financial obligations are now cooperating.”

Earlier, the Chairman of the House Committee, Hon Mutu, told the NDDC boss that they were at the Commission as part of their oversight function. “We are basically interested in examining the books and keeping tract with development efforts by inspecting on-going projects,” he said.

He thanked the board and management of the NDDC for living up to expectations and assured them that his committee would be a partner in progress.

Check Also

The Minister of Transportation, Mr Rotimi Amaechi on Wednesday jokingly thanked President Muhammadu Buhari for not converting him to Islam, saying he was misunderstood and criticised for associating with the president. He spoke when members of the Federal Executive Council (FEC) on Wednesday expressed appreciation to the President for the opportunity he gave them to serve in his cabinet. At the valedictory session of the council, ministers in the cabinet took turns to narrate the lessons they learnt from the president as members of his cabinet. Amaechi narrated how he was almost chased out of Christ the King Catholic Church in 2014 for supporting the president, whom they alleged was trying to Islamise the country. “Mr President, let me thank you for not converting me to Islam. I say that specifically because in 2014 when I walked into Christ the King Catholic Church, I was literally chased out of the church as a governor because I was accused of supporting a man whose agenda was to Islamise Nigeria. “And in Rivers state they began to call me `Alhaji Rotimi Chibuike Amaechi’. I thank you because they have dropped the `Alhaji’ and back to Mr Chibuike Amaechi,’’ he said. Amaechi said some persons initially thought that the president would be an autocratic leader only for him to turn out to be an “extreme democrat’’. “I was told in the course of the campaign that you were autocratic and therefore you would not be democratic. “Most of us are not happy that you have moved from your autocratic nature to an extreme democrat that everything puts to test of the people, to the extent that the people now feel that the only way things can go on in this country is by the rule of law. “We all know that the rule of law is the beginning and the end of this government. Talking about the financial impunity that we saw before, people were making money without having any productive capacity for that,’’ he said.

Share this on WhatsApp The Minister of Transportation, Mr Rotimi Amaechi on Wednesday jokingly thanked …

Leave a Reply

Your email address will not be published. Required fields are marked *