President Muhammadu Buhari Tuesday in Abuja disclosed that law enforcement agencies had recovered over N3.7 billion and assets worth billions of naira from contractors and former directors of the Niger Delta Development Commission (NDDC).
Disclosing this on Tuesday during the inauguration of the NDDC Advisory Committee, held at the Executive Council Chambers of the State House, Abuja, President Muhammadu Buhari said the recoveries were made by the Economic and Financial Crimes Commission (EFCC) and other anti-graft agencies.
‘‘To date, the EFCC and other agencies of government have recovered over N3.7 billion in cash as well as various assets worth billions of naira from some contractors and former directors of the commission.
‘‘Furthermore, I am told that government agencies have placed liens on over N6 billion of assets which are being investigated,’’ the president said.
More than N3.7 billion and various other assets worth billions of naira have been recovered from former directors and contractors of the Niger Delta Development Commission (NDDC).
It would be recalled that the President had last year ordered a forensic audit of the accounts and operations of the interventionist agency and had late 2019 ratified the constitution of an Interim Management Committee (IMC) to oversee the ordered forensic audit.
The President told the committee that these abuses of the past clearly show the need for strict and diligent oversight, going forward.
