NDDC Spent N2.1bn on Media and Publicity in less than One Year – CBN

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The Central Bank of Nigeria (CBN) and the office of the Attorney General of the Federation (OAGF) have accused the Niger Delta Development Commission (NDDC) of spending N2.1bn on public communication in less than one year.

Both agencies accused the NDDC of underreporting the sum by claiming it spent N1.1bn in its report to ad-hoc Senate Investigative panel.

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The CBN and the OAGF say the records domiciled with them show that the NDDC spent the said sum between October 2019 and May 2020.

According to the records, N17m was spent under Joy Nunieh as Acting MD of the agency, between October 31, 2019 and February 18, 2020. The rest of the sum was spent by the administration of Professor Pondei between February 2019 and May 2020.

According to the report;

“It must be noted that the expenditure record for the heading is about N2.1bn in the report of the Accountant General of the Federation and the Central Bank of Nigeria, shows an under-declaration in the NDDC figure.”

The management in its record, under IMC-1, spent N17m on media outreach, while the Expanded IMC spent a more significant amount of N1.1bn in the NDDC records.”

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