President Muhammadu Buhari has revealed that N3.7billion has been recovered in cash as well as various assets worth billions from former contractors and directors of the Niger Delta Development Commission (NDDC).
Speaking at the inauguration of NDDC Advisory Committee, comprising 9 Governors of the Niger Delta Region and the Ministers of Niger Delta Affairs and Environment, Buhari further revealed that security agencies were able to recoup that much because of intelligence gathering.
‘‘To date, the EFCC and other agencies of Government have recovered over N3.7billion in cash as well as various assets worth billions of Naira from some contractors and former Directors of the Commission.
‘‘Furthermore, I was told that Government agencies have placed liens on over N6 billion of assets which are being investigated.’’
‘‘As a result, the people of the Niger Delta were left with abandoned infrastructural projects and substandard social programmes which were designed to improve their living conditions.
‘‘It is to reverse this trend that I approved, in February 2020, the constitution of a 10-Man Presidential Monitoring Committee (PMC) as provided for in Section 21 of the NDDC Establishment Act.’’