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We’ve recovered N3.7b of NDDC funds – President Buhari




President Muhammadu Buhari yesterday said law enforcement agencies had recovered over N3.7 billion from some contractors and former directors of the Niger Delta Development Commission (NDDC).

Speaking during the inauguration of the agency’s Advisory Committee, comprising the nine governors of the region and the Ministers of Niger Delta Affairs and Environment, Buhari stated: ‘’To date, the EFCC (Economic and Financial Crimes Commission) and other agencies of government have recovered over N3.7 billion in cash as well as various assets worth billions of naira from some contractors and former directors of the commission.”

‘’Furthermore, I am told that government agencies have placed liens on over N6 billion assets which are being investigated,’’ he added.

The president reminded the committee that the abuses of the past call for strict and diligent oversight.

He, therefore, charged the panel to discharge its assignment diligently and effectively, working closely with relevant ministries and visibly turning the fortunes of the interventionist agency and the entire oil-rich area around.