NDDC Audit Report Has ICPC and EFCC seen This?

As the Federal Government intensifies effort in ensuring accountability in governance, Samuel Tyonongo Ukura, the Auditor -General of the Federation, a report he submitted on Wednesday to the Audit Clerk of the National Assembly, Salisu Mekasua, shows there are over N100 billion expected refund from the Niger Delta Development Commission (NDDC) owing to violation of contract terms and payment of money on projects not executed.

  • The Auditor-General, who submitted two reports namely: National Audit report on environmental audit on drying of Lake Chad and Special Periodic Checks on the activities and programmes of the NDDC for the period between 2008 and 2012, said the summary of the periodic checks indicated NDDC had over N100 billion refunds expected of it into the Federation Account.
  • A breakdown of the expected refund shows mobilisation payments to various contractors that never reported to site amounted to N70,493,993,000.00.
  • Also, payments to contractors for projects not executed, stalled and abandoned amounted to N5,838,768,000.00. Also, extra-budgetary expenditure for head/sub-head without approval by legal authorities is put at N90,461,282,695.00. Also, tax deductions without evidence of remittance to the Federal Inland Revenue Service amounted to N10,072,330,926.00.
  • Further breakdown shows un-deducted taxes from contractors put at N1,172,836,759.00. Further checks show also that transfer to unauthorised accounts is N3,118,000,000.00. Also, staff advances outstanding/unaccountable for amounted to N1,730,954,931.00
  • A total sum of N785,000,00.00 out of N1.1 billion contract for the supply of furniture to various schools in Delta State, inspected, not done, but were certified to have been done and paid for.

Source Nairametrics 13th August

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s