₦airaland Forum

ignis:
It seems like Alex Oti has made all south east governors to wake up.

Menclothing1:
Can’t believe this the first when we have several in oyo and ogun more than 20 own by young ladies eg Arike hair sold all over Africa
Op this can’t be the first in south east

Nwaikpe:
Whoever saw this boy and took him to lead this commission had a very wicked heart towards the people the commission was meant to serve.

Have you noticed a trend? Whenever they claim they want to "give the youths a chance," they usually go for the least qualified, but make sure the person has one or two degrees from outside the country, and they sell the certificate as the qualification above all others.

With not even one formal experience, apart from being a boy-boy to politicians, just because he has an overseas degree, he was made to head a commission that could determine the pace of a whole region in respect to development.

Jayhome24:
Arrest him ad send him to prison, we have waned them to very mindful of content they are creating bt insulted us and called it freedom of madness.

PUBLIC STATEMENT

9 June 2026

SEDC AFFIRMS COMMITMENT TO TRANSPARENCY AND FULL DISCLOSURE FOLLOWING SENATE COMMITTEE SESSION

The South East Development Commission (SEDC) today participated in an interactive session with the Senate Committee on South East Development Commission as part of the National Assembly's constitutional oversight responsibilities.

During the engagement, the Commission provided detailed briefings on its financial position, operational activities, procurement processes, institutional development, strategic partnerships, and ongoing programmes across the South East.

As part of its review, the Committee requested additional documentation relating to specific aspects of the Commission's operations and expenditure. The Commission welcomed the request and sought a short period within which to collate and transmit the materials in the level of detail required by the Committee. Following discussions, proceedings were adjourned to a later date pending submission of the requested documents, which the Commission will provide on or before 23 June 2026.

In view of public interest in the session, the Commission considers it important to clarify a number of issues that have featured prominently in public commentary.

On the Abuja Liaison Office

The expenditure relating to the Commission's Abuja Liaison Office covers the establishment and operation of a functional office facility at the Congress Building, Maitama, Abuja. It serves as the Commission's operational base for engagement with the National Assembly, federal ministries and agencies, development finance institutions, and strategic partners. The expenditure cited reflects the cumulative cost of establishing and running the office since its inauguration on 11 February 2025 to date, covering rent, operational costs, utilities, and basic fit-out works across that entire period.

The board and management have prioritised relocating to the Commission's designated headquarters in Enugu at the earliest possible opportunity. Rather than procuring an entirely new facility, which would have represented a significantly greater call on public resources, the Commission secured the transfer of an existing building from the Enugu State Government and has since entered into a formal agreement with the State Government to fast-track its rehabilitation and the Commission's transition to that facility. The contract awarded for that rehabilitation is addressed further below.

On Implied Expenditure

References to funds described as "implied expenditure" relate to a contract awarded for the rehabilitation of the Commission's headquarters facility in Enugu — a building transferred to SEDC by the Enugu State Government that requires significant work to be fit for institutional use. The contract was awarded in accordance with the Public Procurement Act 2007, following approval by the Bureau of Public Procurement and the concurrence of the supervising ministry. These commitments represent budgeted obligations that have been lawfully committed but not yet disbursed, consistent with established public sector fmancial management practice. To be precise: this money has not left the Commission's accounts.

On Expenditure to Date

It is important to note that the Commission has not received any funds from its capital budget. Notwithstanding this, and in response to the development expectations of the South East, the Commission has drawn on every available resource and goodwill to advance project development work on high-impact regional capital projects, ensuring that the necessary groundwork is in place to enable swift execution once capital releases are made.

Expenditure to date has therefore been directed towards two mutually reinforcing objectives: building the institutional foundation on which the Commission's full programme delivery rests, and advancing project development work that would ordinarily fall within the capital budget.

It is worth recalling that the Commission received its first disbursement of funds after more than ten months of being in existence. On the institutional side, expenditure has covered the payment of staff salaries and arrears for personnel who were operational from February 2025 and who continued to serve the Commission through that extended period of delayed fund releases, capacity training for seconded staff, the establishment of the Commission's operational bases in Abuja and Enugu, and the procurement of essential ICT infrastructure to bring the Commission to a basic standard of operational readiness.

On the programme and project development side, it has included the engagement of consultants for feasibility studies and due diligence on priority regional projects, among them a potential gas infrastructure partnership with significant energy and industrial implications for the South East, participation in the Intra-African Trade Fair in Algeria, from which the Commission is now in active development of a partnership with Afreximbank to co-develop a Project Preparation Fund targeting moribund industries across the region, the South East Vision 2050 Stakeholder Forum, and the launch and first-cycle investment of the South East Venture Capital Programme, which has delivered funded support to 25 startups across the South East.

Submission of Documentation

The Commission will submit comprehensive documentation, including procurement records, contract details, payment schedules, and supporting financial records, to the Senate Committee on or before 23 June 2026. SEDC remains fully committed to transparency, accountability, and cooperation with all constitutional oversight institutions.

The South East Development Commission was established to drive economic transformation, infrastructure development, investment mobilisation, and regional prosperity across the South East. The Commission remains focused on that mandate and is confident that a full review of the facts and supporting documentation will provide a complete picture of its activities and stewardship of public resources.

Issued by:

Office of the Managing Director/Chief Executive Officer South East Development Commission

Richtaiwo:
1 room rentage at N153m per annum. They have been asking what Tinubu did with borrowed money.

Na those people wey want repair Nigeria be dat.

mindtricks:
Continue pretending you didn't see my question. You didn't know that Otti's started is just seeing the light with his coming into the scene. Continue the APC kind of stories. They are sweet to hear.

onuman:
Ekwulobia-Orlu express way nearly completed before Buhari coup of 1983 has remained the blind sight of gov Soludo, why?

mindtricks:
Can you count how many years they were in darkness without a good leader? Since 1999.

mindtricks:
If you like be hyping shallow and substandard work. Las las, it's your people that will suffer it.

Galactics:
Show us pictures of Ekwulobia to Orumba that the fraud is constructing.

Excellent93:
While otti is still counting around 450+ roads there's a difference between a politician and a leader ..otti is a great leader

Gotocourt:
I guess all in his political zone 🤷🏿

heniford2:
fake news this is old road this man snapped to claim na new road Chia 😭😔😭 what did Ndi Anambra do to get bad government

iluvdonjazzy:
always indicate the length, that matters a lot, maybe all the length now will not be up 10 kilometers

iluvdonjazzy:
always indicate the length, that matters a lot, maybe all the length now will not be up 10 kilometers

LordBiden:
Ordinary 11 roads is what you are celebrating,go and check how many roads Abia gov. has done despite the little allocation his state gets.

iluvdonjazzy:
always indicate the length, that matters a lot, maybe all the length now will not be up 10 kilometers

MartinCorridon:
He would turn Nigeria into another Anambra.

So more people will run to Lagos just like it's the life ambition of 99% in Anambra.

SonOfDSoil01:
😂😂😂😂hahaha see pain…..NwOSU leave Cho Cho Cho and tell us if anamabala airport as recorded any foreign flight? Building second airport indeed😂😂even the present one is moribund and generates no revenue for government…….mgbeke comparing Anambala a less industrialised state with Ogun state, the most industrialised state in Nigeria, what a clown😂😂😂

Wotowotoman:
Ogbeni, you don psss WAEC Maths and English? No lie 🤔

SonOfDSoil01:
😂😂😂😂

Story for the gods……..there is still no one in your 5plot region that is richer than him😂😂😂 he can even buy your entire potopoto land and turn it to dump site😂😂😂😂 empty noise makers😂😂🤣

SonOfDSoil01:
Otedola with the money……….silent billionaire wey no Dey make noise unlike some noise makers, ndi money na water people wey Forbes no even recognise