We spent N81.5bn in 8 — not 7 — months, says NDDC

We spent N81.5bn in 8 — not 7 — months, says NDDC

 The Niger Delta Development Commission (NDDC) says it spent the sum of N81.5 billion in eight months and not in seven.

The commission said this while reacting to a report that it expended the aforementioned sum within seven months.

In a series of tweets on Sunday, the NDDC explained that the sum was spent by two interim management committees (IMC) between October 29, 2019 and May 31, 2020.

The commission said if the television station fails to retract its report, it would take it up with the National Broadcasting Commission (NBC).


“It’s false to say NDDC mismanaged N81.5 billion between Jan and July 2020. Truth is that [the] sum was spent by two Interim Management Committees of the NDDC between October 29, 2019 and May 31, 2020, according to the Central Bank of Nigeria,” it tweeted.

“We are appalled that TVC could descend to propagating falsehood.

“We hereby demand that TVC recants, otherwise we’ll be compelled to take their misdemeanor up with the National Broadcasting Commission.”

Source: We spent N81.5bn in 8 — not 7 — months, says NDDC

 - NigerianEye
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