Tuesday, August 2, 2011

“No form of sponsored protests can save MD NDDC from indictment’’

African Examiner, (Akanimo Reports)
2 August 2011

Embattled Managing Director of the Niger Delta Development Commission
(NDDC), Mr. Chibuzor Ugwoha, has come under severe attack by some
prominent indigenes of the Niger Delta region who accused him of allegedly
hiring some youths to undertake a solidarity march on the streets of Port
Harcourt, Rivers State, in his favour.

Ugwoha and other top management of the NDDC are being investigated over
alleged unilateral withdrawal and transfer of funds from the Commission’s
foreign banks

Chairman of the commission, retired Air Vice Marshal Larry Koinyan, had last
year, requested President Jonathan to suspend the  embattled managing
director for allegedly transferring the sum of $20 million, around N3 billion, of the
development agency’s fund from a Union Bank Account in the United Kingdom
to another account domiciled with the First Bank also in the UK.

Some top NDDC officials, who were allegedly involved in the transfer deal, were
suspended but later recalled upon the intervention of the former Secretary to the
Government of the Federation (SGF), Alhaji Yayale Ahmed, who then said
government, will look into the matter.

Apparently embarrassed, President Jonathan summoned Koinyan, Ugwoha and
the two Executive Directors of the commission to Abuja last Wednesday, and
informed of a fresh probe panel, to look into the matter and related ones.

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