Sylva never demanded $20mn to fund Bayelsa re-run election ― NCDMB
The Nigerian Content Development and Monitoring Board (NCDMB) has denied claims that the Minister of State for Petroleum, Timipre Sylva had demanded $20million from it, to fund the Bayelsa rerun election.
It said from inception in 2010 till date, it has never been pressurized or required to sponsor political activities.
In a statement issued by the board’s Manager, Corporate Communications, Naboth Onyesoh, it said no contract has ever been awarded to the Minister or any company connected to him nor has it awarded contracts for shore protection in Brass LGA of Bayelsa State.
The board explained that the Nigerian Content Development Fund (NCDF) was instituted for funding capacity development in oil and gas activities and cannot be applied for any other purpose except that expressly stated in the NOGICD Act.
“It is preposterous to allege that the Minister is demanding $20m from NCDMB to fund elections, whereas all funds belonging to the Federal Government are in the custody of @cenbank and NCDMB’s funds cannot be withdrawn except for legitimate purposes consistent with its mandate.
“We verily believe that this outright fabrication was sponsored by those angling to contest for the senatorial elections in Bayelsa West Senatorial District, who are in the habit of concocting wild allegations to distract the NCDMB and lure us into local politics,” the statement partly read.
It also maintained that its finances are in the public domain and can be verified by the public adding that its Executive Secretary has consistently announced the balance sheet and utilization of NCDF at every oil and gas fora.
” It is pertinent to state that @nigeriaeiti declared NCDMB as the most transparent federal oil and gas agency and the Board achieved this lofty feat because our operations are always compliant with the government’s financial regulations
“NCDMB has initiated several oil and gas projects in Bayelsa State and engendered multiple investments that are geared to uplift the people and the economy,” it added.
While describing the allegations as the handiwork of political gladiators, the board said its leaders have never been manipulated and cannot be influenced to favour individuals or political parties, no matter how highly placed.
To this end, it warned that it will not hesitate to take appropriate legal actions against any individual or media organizations that publish materials that are; “spurious, malicious and libellous” against it.
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