N80bn Fraud: Senate President furious as Senate begins probe
Ahmad Lawan
Senate President, Ahmad Lawan, says allegations of misappropriation of funds levelled against the Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC) were unacceptable.
He said this on Thursday while declaring open an investigative public hearing on the alleged financial recklessness.
Lawal said mismanagement of public funds to the tune of N80 billion prompted the upper chamber to probe the commission.
He underscored the need for the prudent application of public funds by Ministries, Departments and Agencies of Government (MDAs).
Lawan stated that the era when public resources are expended anyhow is long gone.
He urged the stakeholders to cooperate with the ad-hoc committee and assured Nigerians of the Senate’s commitment to fairness and transparency.
Lawan recalled that the Senate set up the committee during its sitting on Tuesday, 5th May 2020.
Adetumbi added that the exercise was not a witch-hunt on any individual, group or institution, but rather to get to the root of the matter, reposition the NDDC to deliver on its mandate and promote effective utilization of resources.
