Forensic Audit: NDDC Revokes 20-year-old Unexecuted Contracts, Orders Refund

Niger Delta Development Commission, NDDC, has revoked contracts awarded between 2000 and 2019, where the contractors did not move to the site.

Consequently, all affected contractors are advised to note that all monies earlier received, by way of mobilisation for any of the projects, are to be promptly refunded.

The contractors are to refund the monies to the commission’s account with the CBN, NDDC’s Director of Corporate Affairs, Dr Ibitoye Abosede, announced in a statement, in Port Harcourt, Rivers State.

Abosede stated that the Presidency directed the projects’ cancellation, following recommendations in the recently-concluded forensic audit report on the NDDC.

“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.

“The Presidency has directed that all contracts awarded by the NDDC from 2000 to December 31, 2019, for which the beneficiary contractors are yet to mobilise to the site, are cancelled,” he stated.

Abosede added that the cancellation was subject to any future re-award in accordance with the Public Procurement Act.

“The cancellation is also in line with the terms of the contracts for the award of the said projects,” Abosede also stated.

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