NDDC – A Corporate Governance Failure One Too Many

The Niger Delta Development Commission was established as a body corporate in 2000 to succeed the Oil Mineral Producing Areas Development Commission earlier established in 1992 with a foremost objective for the development of the Niger Delta region.

Section 2 of the NDDC Act 2000 establishes a Governing Board for the Commission with composition as follows: One representative of oil producing companies in the Niger-Delta nominated by the oil producing companies.*One person to represent the Federal Ministry of Environment.Other governance mechanisms currently contained in the NDDC Act 2000 are listed as follows:

Apart from the governance provisions expressly provided for in the establishment Act of statutory corporations, under Chapter 16 of the Public Service Rules 2008, it is provided that a Minister exercise control of parastatals at policy level through the Board. While the legality of the IMC has been questioned by many, it is noted that statutory corporations comes under the policy directives of Government under the Public Service Rules 2008.

Governance structures in corporations exist for good reasons which include ensuring effective control that is fundamentally about ensuring transparency, integrity and accountability within the existing system towards a realisation of organisational objectives. Also, the alleged mismanagement of funds by the IMC and allegations of corrupt practices by the Supervising Minister which bother on the integrity amounts to governance failure.

This vague requirement has indeed led to the appointment of unworthy individuals as board members of the Commission. This is evident in the nature of projects, contracts and policies that have been pursued by successive boards of the Commission which have been incapable of bringing about the desired development or creating any sustainable long term value in the Region.

Better still, more stringent requirements set out that would see to the appointment of seasoned technocrats as board members to achieve the objectives of the Commission. It is about time more attention is paid to merit and competence rather than “interest” in the selection and appointment of the Commission’s Board Members. What the Niger Delta people and indeed Nigerians in general want is positive result.

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