NDDC contractors risk losing assets 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.

They explained that contractors 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 Wilson and secretary, Nature Kieghe, said their call on the interim management committee to expedite payment was 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.

The statement reads in parts: “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 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 towards 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, are using such powers to frustrate the smooth operations of the NDDC.”

 

 

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