Group alleges misappropriation of 2trn NDDC budget, hints on looming crisis

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The Niger Delta and Oil Mineral Producing Communities Traditional Rulers' Forum, Tuesday alleged that the three budget circles of the Niger Delta

The Niger Delta and Oil Mineral Producing Communities Traditional Rulers’ Forum, Tuesday alleged that the three budget circles of the Niger Delta Development Commission, NDDC, aggregating to N2 trillion including the statutory three percent contributions from oil and gas companies operating in the area have been mismanaged.

Board of Trustees Chairman, Joseph Ambakaderimo and Kingsley Arthur, Head of the Secretariat of Oil Mineral Producing Communities Traditional Rulers’ forum said this in a statement made available to newsmen in PortHarcourt, Rivers State capital. Part of the statement reads, “resources of the commission are pilfered on a daily basis with some used to lobby people in the villa to get an extension of time for them to continue the illegality and pillage of such resources”.

“The region is the most peaceful today in the country considering the level of insecurity in other parts of the country. We should not allow or do things in a manner that will open old wounds and plunge the region into unimaginable crisis.

 

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