N100billion vanishes from NEDC Accounts

The House of Representatives has ordered an investigation into allegations of an amount of N100 billion missing from the coffers of the North-East Development Commission (NEDC)

North East Development Commission (NEDC) was established in 2017 to reconstruct states affected by insurgency in the north-eastern part of Nigeria.

These states under the purview of NEDC are Adamawa, Bauchi, Borno, Gombe, Taraba and Give. The NEDC has Mohammed Goni Alkali as the Managing Director.

The Minority leader of the house of Representatives, Ndudi Elumelu had moved a motion for the probe of the agency, stating that the N100 billion given to the commission by the federal government has “vanished” with nothing to show for it .

He went further to accuse the NEDC’s Managing Director, Mohammed Alkali, of awarding non-existent contracts.

The motion was adopted and consequently referred to the House committees on finance, procurement, and NEDC.

The report on the probe is expected to be turned in after eight weeks.

It would be recalled that the house just concluded its investigation on the alleged mismanagement of N81.5 billion in the Niger Delta Development Commission (NDDC).