The Federal Executive Council (FEC) today approved the hiring of Olumuyiwa, Bashir and Co. Ltd as the Lead Consultant to coordinate the forensic audit of the Niger Delta Development Commission (NDDC), as directed by President Muhammadu Buhari.
Minister of Niger Delta Affairs, Godswill Akpabio, disclosed this to State House correspondents at the end of the FEC meeting chaired by Vice-President Yemi Osinbajo at the Aso Rock Villa, Abuja.
Akpabio said that the consultancy contract will cost the government N318million, and it will be divided I to nine lots, according to each state of the Niger Delta.
He stated that the interim management of the NDDC would remain in place and cooperate with the lead consultant, which is expected to further hire forensic auditors to comb the books of the Commission, following the request of the nine governors of the Niger Delta region to Buhari last October.
The Minister pointed out that the Federal Government expected to recover huge amounts of money, most likely in dollars, as a result of the audit.
Minister of State for Transportation, Gbemisola Saraki, announced the FEC’s approval of a contract of N1.48billion for purchase of equipment for ship berthing safety at the ports; and another contract totalling N556million for the extension of consultancy services in respect of rehabilitation of Tin Can Island Port in Lagos.
The FEC further approved the engineering design for the Abuja-Kano road at a cost of N872m, as announced by Minister of Works and Housing, Babatunde Fashola.