The Nation
19 December 2011
The Senate yesterday threatened to deal with oil firms that have defaulted in the payment of their statutory contributions to the Niger Delta Development Commission (NDDC).
Chairman, Senate Committee on NDDC, Senator James Manager, declared this after a report by the new Managing Director of NDDC, Christian Oboh, that some oil firms defaulted in their contributions.
Manager, after receiving a presentation by the NDDC chief, noted that the contributions by oil companies to the NDDC are statutory.
He noted that any breach of the provision of the law would attract sanctions.
No comments:
Post a Comment