President Muhammadu Buhari has vowed to prosecute anybody found to have squandered funds meant for the development of the Niger Delta region.
The President also vowed to recover any stolen “kobo”, following the conclusion of the forensic audit of the Niger Delta Development Commission (NDDC).
The President said this on Thursday, December 30 in Abuja, while speaking at the virtual commissioning of the NDDC Prototype Hostel at the University of Uyo, Akwa Ibom.
Buhari, in a statement issued by his spokesman, Femi Adesina, added that the forensic audit of the Niger Delta Development Commission (NDDC) was being reviewed with a view to recovering “every kobo that was recoverable,” while those found culpable would face the law.
He said it was regrettable that the special development fund of the entire region was squandered by a few for more than 20 years, leaving many in penury.
“The Niger Delta Development Commission needs to demonstrate that it can achieve the objectives it was conceived for and make its impact felt all over the Niger Delta Region. The lives of the people of the Niger Delta could be so much better, if the funding received by this commission since its inception, in billions of Naira over the last 20 years, have been judiciously deployed in service of the people.
“The serial abuse, lack of delivery and what had become an entrenched institutional decay, was the reason why I called for the forensic audit. Therefore, going forward we shall ensure every recoverable kobo is recovered for use in service of the people of this region and those found culpable shall face the law.
“Consequently, I want to use the opportunity of this commissioning to direct all statutory contributors to the NDDC to remit all outstanding funds to the Commission, and to ensure this is done transparently and according to laid down procedure and processes,” he said.