Senate calls for the dissolution of NDDC IMC

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The Nigerian Senate has called for immediate disbandment of the Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC) for mismanagement of the Agency.

It specifically ordered for immediate refund of N4.923billion expended by the IMC on questionable items between April and June this year.

The senate added that the Board of Directors is the statutory body that should run the agency at anytime and not Interim Management Committee (IMC).

These were part of the 17 point recommendations adopted by the Senate after considering the report of its Ad- hoc committee on alleged financial recklessness in the Niger Delta Development Commission (NDDC).

The Chairman of the Committee, Olubunmi Adetunbi  in the 17- point recommendations he presented and adopted by the Senate , said the Interim Management Committee of the  commission spent  monies recklessly as made available from the three major sources.

The sources he explained, are monetary contributions into the agency by oil companies mostly in dollars, budgetary provisions and Internally Generated Revenues (IGR).

From the three sources according to the report, the Commission got a total of N81.5billion between October 29, 2019 and May 31, 2020 and expended all.

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