NDDC denies improper withdrawal of cash
The Niger Delta Development Commission on Monday denied allegations that its management was invited by the Economic and Financial Crimes Commission based on its directors’ involvement in improper withdrawal of cash from a bank.
The NDDC in a statement issued by its Director, Corporate Affairs, Mr Charles Odili, said based on the existing financial regulations it was not possible for any organisation to withdraw N2.8bn in a day.
Reacting to media report that the acting Managing Director of the commission, Prof. Nelson Brambaifa, and the Acting Executive Director, Mr Chris Amadi, were invited by the EFCC over an allegation of withdrawing N2.8bn cash over the counter in an unidentified bank, the NDDC maintained that no such thing happened.
Amadi said, “There has been no improper cash withdrawal or financial impropriety at the commission. If anything, the current administration has robustly implemented strict financial regulations and channelled the commission’s scarce resources to deliver on its core mandate of intervening in the development of the Niger Delta.
Management of the commission was invited by the EFCC to answer questions arising from petitions by some groups.
“The management of the commission led by the acting Managing Director, Prof. Nelson Braimbaifa, the acting Executive Director, Finance, Dr Chris Amadi, and the acting Executive Director Projects, Dr Samuel Adjogbe, responded to the invitation and met with the EFCC officials in Abuja on Monday, June 10 and Tuesday, June 11.
“Management of the commission addressed the issues raised by EFCC and were asked to go. The team returned to their desks in Port Harcourt by June 12. At no point was any member of the management staff of the commission detained by the EFCC or questioned under caution.”
The statement said the current management of the NDDC was ready to respond to inquiries by relevant government’s agencies and stakeholders in the Niger Delta on its operations.