The Niger Delta Development Commission (NDDC) has announced
that it has revoked contracts awarded before December 31, 2019, where the
contractors didn’t move to the site.
Dr Ibitoye Abosede, NDDC’s Director of Corporate Affairs,
made the announcement in a statement on Sunday.
Abosede directed the affected contractors to refund the
monies to the commission’s account with the CBN.
The statement read in part, “Consequently, all affected
contractors are advised to note that all monies earlier received by way of
mobilisation for any of the projects are to be promptly refunded.
“The contractors are to refund the monies to the
commission’s account with the CBN.
“This is to bring to the notice of all contractors engaged
by the NDDC, as well as stakeholders and the general public, the implementation
of the forensic audit report.
“The cancellation is also in line with the terms of the
contracts for the award of the said projects.”
This is coming less than a week after operatives of the
Economic and Financial Crimes Commission, EFCC, arrested Nsima Ekere, a former
Managing Director of the NDDC, for alleged diversion of funds to the tune of
N47 billion through registered contractors of the agency.
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