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Home NDDC Revokes Contracts, Orders Contractors To Refund Monies

NDDC Revokes Contracts, Orders Contractors To Refund Monies

The Niger Delta Development Commission (NDDC) has announced that it has revoked contracts awarded before December 31, 2019, where the contractors didn’t move to the site.

This was made known on Sunday in an announcement by Dr Ibitoye Abosede, NDDC’s Director of Corporate Affairs.He said that affected contractors should refund the monies to the commission’s account with the CBN.

This is to bring to the notice of all contractors engaged by the NDDC, as well as stakeholders and the general public, the implementation of the forensic audit report.

This cancellation is also in line with the terms of the contracts for the award of the said projects.”

This is sequel to the lask week arrest by operatives of the Economic and Financial Crimes Commission, EFCC, of Nsima Ekere, a former Managing Director of the NDDC, for alleged diversion of funds to the tune of N47 billion through registered contractors of the agency.

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