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“$1.6bn IOC’s remittance shouldn’t be released to NDDC” – Group

The Economic and Financial Crimes Commission has been urged not to release the $1.6 billion statutory remittance made by oil multinationals, which is in its custody, to the Niger Delta Development Commission.

A group known as Niger Delta Peoples’ Assembly For Peace and Development, who made the call, alleged that some political elites have been lobbying for the said funds to be released to NDDC.

President of the group, Obarine Ngelale, in a statement, said NDDC was currently being superintended by a sole administrator, which according to him, was not recognised in the NDDC Act.

Ngelale, also charged governors of oil producing states, to prevail on EFCC not to release the said funds to the NDDC, while calling on the anti-graft agency to take over the ongoing forensic audit of NDDC.

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Source: SweetCrudeReports

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