“It is curious therefore, as to how only the Managing Director and a selected few in conievance with the Minister of Niger Delta Affairs would proceed to sign an MoU without the prior knowledge of the Chairman, but rather justifying an ultra vires action. He said: “It is worthy to note, that as part of the responsibility of the Governing Board of the NDDC, as empowered by its establishment Act No 6, 2000, only the Chairman is vested with the sole power to sign contracts or MoUs with any firm or organization. The former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has urged the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to take swift action in investigating and prosecuting the Managing Director of the Niger Delta Development Commission (NDDC), Samuel Ogbuku, and his co-conspirators for attempted fraud and misappropriation.įrank emphasized that the Act establishing the agency only vests the Chairman of the Governing Board of the NDDC with the power to enter into contracts with other firms. In a statement released in Abuja on Sunday, Frank condemned the NDDC’s MD’s actions, calling it a fraudulent act with deceitful intentions to siphon the resources of the commission. for a $15 billion Trans-Niger Delta Railway Project. Comrade Timi Frank has strongly criticized the Managing Director of the Niger Delta Development Commission (NDDC), Samuel Ogbuku, for allegedly signing an illegal Memorandum of Understanding (MoU) with Atlantic Global Resources Inc.
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