BusinessDay
Nigeria's leading finance and market intelligence news report.

Senate considers N346bn NDDC budget, recognises sacked interim committee

The Senate on Wednesday considered the N346 billion 2019 budget proposal of the Niger Delta Development Commission (NDDC).

This is as the Senate Committee on Niger Delta Affairs officially recognised the Interim Management Committee (IMC) it had rejected. The committee is headed by Joy Yimebe Nunieh.

Also, the Senate said it had backed the ongoing forensic auditing being carried out on accounts of the agency by the Federal Government.

President Muhammadu Buhari had stopped the 15 member board of the commission and ordered a forensic audit into the affairs of the commission.

On Wednesday, the Senate Committee on NDDC chaired by Peter Nwaoboshi (PDP Delta North), granted audience to the IMC members when it came to defend the 2019 budget proposal of the agency.

Nwaoboshi in his remarks at the budget defence session said: “The Senate supports the ongoing forensic auditing going on in NDDC and by extension not against the IMC running the agency now.

“We are here to consider and approve  the agency’s budget proposals for 2019 as forwarded to the Senate by President Muhamnadu Buhari in December last year.”

Whatsapp mobile

Get real time updates directly on you device, subscribe now.

Comments are closed.