NDDC Contractors In Trouble With Banks Over Unpaid Loans

Ex-Militant leaders across the nine states of the Niger Delta region have appealed to the Interim Management Committee of the Niger Delta Development Commission (NDDC) to pay contractors who completed their work, saying they are currently in trouble with banks threatening to seize their properties over loans they collected to service various contracts they were awarded.

The ex-militant leaders, comprising leaders of the first phase of the Presidential Amnesty Programme, under the aegis of the Leadership, Peace and Cultural Development Initiative (LPCDI) explained that the said contracts were awarded during the tenure of Ekere Nsima as Managing Director of the NDDC and have since been completed according to specification.

The LPCDI, in a statement signed by its National President, Chief Reuben C.Wilson and Secretary, Nature Kieghe, said their call on the Interim Management Committee to expedite payment is hinged on the pressure banks mount on the contractors who have judiciously executed their contracts but are not paid due to the on-going forensic audit of the operations of the NDDC.

According to the ex-militant leaders, the contractors that are most affected are those who borrowed money from banks, using their houses as collateral, to finance the projects in order to meet the timeline of the contracts.

ALSO READ: Eid-el-Fitr: Senator Folarin Greets Oyo Muslims, Tasks them on COVID-19 Rules

Parts of the statement reads: “We are calling on the Interim Management Committee to commence payment of such contractors to avoid banks seizing their houses used as collaterals. The unnecessary delay of their payments will have huge negative effects on the execution of NDDC projects in the future because it will certainly discourage other contractors from going the extra mile to complete such projects, which shall occasion more abandoned and sub-standard projects in the Niger Delta Region.

“We are also calling on the members of the National Assembly not to constitute themselves as impediments to the accelerated development of the Niger Delta Region by frustrating and politicising their responsibilities toward the Niger Delta Development Commission.

“The NDDC is an interventionist agency designed to accelerate the development of the Niger Delta Region but findings by us have revealed that some members of the National Assembly, instead of using their oversight functions and budgetary powers to facilitate the development of the Niger Delta Region through the NDDC but are using such powers to frustrate the smooth operations of the NDDC.

“We are also using this medium to call on all Niger Deltans in leadership positions both in the executive and legislature, especially at the Federal level to unite and use such positions to advance the betterment of the Niger Delta Region, rather than use same to fight themselves at the detriment of the development of the region and our people.

“Niger Deltans holding public offices should give priority attention to the development of the region and our people; doing so will drastically reduce the internal wranglings and the plethora of petitions from fellow Niger Deltans. We have observed that one of the major reasons, fellow Niger Deltans write petitions against our people holding public offices is the lack of commitment and passion to develop our region and our people demonstrated by such public office holders of Niger Delta extraction.”


Buy and read digital replicas of your TRIBUNE titles by subscribing through E-VENDING

South-West Attorney Generals Meet, To Harmonise Region’s Laws
The Attorney Generals of the six South-West states held their first virtual meeting since the coronavirus pandemic and deliberated on issues pertaining to the effective administration of justice in the region. The meeting which was facilitated by the Ekiti State Attorney General and Commissioner for Justice, Olawale Fapohunda… Read full story

COVID-19: Inter-State Lockdown Breaks Down
There is a brewing anxiety over apparent breakdown of the lockdown and restriction of interstate movement of non-essential persons and goods ordered by the Federal Government to curb the spread of coronavirus. The development has reportedly resulted in the spike of virus cases in some states, particularly Lagos and Ogun… Read full story

Anxiety Over Retirement Age For National Assembly Clerk, Others
MOVE by the Clerk of the National Assembly (CNA), Mohammed Sani-Omolori and certain senior officials to extend their service beyond the statutory 35 years may have hit the rocks, Sunday Tribune can authoritatively reveal. Investigations revealed that banking on a controversial amendment, ‘Retirement age and… Read full story

COVID-19 Fears: Buhari Bars Sallah Visitors From Villa
PRESIDENT Muhammadu Buhari has said that he will be obeying the directive of the Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar that all Muslims in the country should observe Eid-el-Fitr prayers at home. He also asked politicians, religious leaders, top government officials and children not to visit him during the… Read full story

FG Pays April Allowances To N-Power Beneficiaries
The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development on Saturday disclosed that it has concluded payment of April stipends to all the N-Power beneficiaries across the country. The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar… Read full story

UK COVID-19 Deaths Rise To 36,675 After Another 282 Patients Die
Another 282 COVID-19 patients have died in Britain as of Friday afternoon, bringing the total coronavirus-related death toll in the country to 36,675, British Transport Secretary, Grant Shapps, said on Saturday. The figures include COVID-19 related deaths in all settings such as hospitals, care homes and the… Read full story

Develop Creative Industry For Stronger Economy, Chinese Envoy Advises FG
A Chinese envoy to Nigeria, Mr Li Xuda, told the Federal Government on Saturday to focus more on developing the creative industry to fortify Nigeria’s economy. Tribune Online reports that Xuda who is the Cultural Counsellor of the Embassy of the People’s Republic of China gave the advice at a zoom meeting… Read full story

Amaechi’s Theory Of Nigerian Politicians And Their Monkeys
AWAY from the ravages of COVID-19 and the dispiriting news of multiple infections and rising deaths, the interview granted by Nigeria’s Minister of Transportation, Rotimi Amaechi, to the Punch newspaper made an interesting reading. In the interview, Amaechi revealed a lot about himself, the nature of Nigerian politics… Read full story


You might also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More