₦airaland Forum

Under our own brother and son as president ,

NDDC: The devils in the Niger Delta

Mr. Godwin Omene, was the first MD of the Niger Delta Development Commission (NDDC), the Niger Delta Regional Development Master Plan was initiated and developed by GTZ and this provided a very comprehensive plan of how the region can be developed across various sectors, little did we know that It will uprooted and thrown away and a looting spree will be initiated

How does the NDDC make money?

Two major sources

(a) from the Federal Government, the equivalent of 15 percent of the total monthly statutory allocations due to member States of the Commission from the Federation Account; this being the contribution of the, Federal Government to the Commission

(b) 3 percent of the total annual budget of any oil producing company operating, on shore and off shore, in the Niger-Delta Area; including gas processing companies.

This is where the blood money is, Imagine

Shell,Total,Agip,NLNG, etc paying 3% of its total annual Budget to the NDDC?

JUST IMAGINE!

From the Ministry of Finance: Budgetary Allocation to NDDC, Naira in Billion

2004: 14.00
2005: 28.80
2006: 26.13
2007: 24.00
2008: 40.57
2009: 27.13
2010: 46.49
2011: 55.08
2012: 48.67
2013: 61.35
2014: 61.94
2015: 46.72
2016: 41.05
2017: 64.02
2018: 81.88
2019: 100.19
2020: 80.88

N769bn uptill 2019(2004-2019), Yet to find 2000-2004.

Ibe Kachukwu said Over $40b was paid from 2006-2016 to the NDDC and states in the Niger Delta region for it's 13% deriavative.

However If you add the contributions from the Oil companies to the NDDC, You will have trillions of Naira yet We have over 12,000 abandoned projects that requires 3 trillion Naira to complete without a peculiar signature project.

One consultant makes N1b monthly just to collect these monies from these Oil companies meanwhile NDDC has an account with CBN that These companies can pay into directly.

Another company collect 3%of the total sum generated by the consultant before the money is paid to NDDC

NDDC has been in existence for over 19 years yet It still pays rent of over 200m every yearly as Rent with possibility of an increase next year. It is yet to complete its own office at eastern by pass in Port Harcourt, Big NDDC na still Tenant.

The Senate is currently investigating How N2.5b was budgeted for water hycainth project and The commission ended up spending N65b

One Man had over 50 of these projects to himself

In another instance, Over 56 register companies have been traced to one man with 313 contracts allocated and awarded to him with 120 fully paid for and He has not mobilized to any of the sites.

Over the years, NDDC has proven that It is an ATM machine without pin

Another example

a. N3.39 billion was awarded to a company for Sandfilling and Shore protection of Ogu Town ended up costing N8.133 billion, a whopping 230% increment.

b. Construction of Isielu-Okaigbene Idungboko road awarded for N2.35 billion ended up at N3.73 billion, increased by 160%. Construction of (the same) Isielu-Okaigbene Idungboko road was to another company again for N585 million and ended up at N3.67 billion, an increase of 620%.

c. Construction of Ikot Ukap Ndiya internal roads in Nsit Ubium LGA awarded for N1.2 billion ended up at N2.86 billion, an increase of 235%.

These are just the few out of thousands

This is why we have many abandoned projects and owed contractors. The money that should execute projects were inflated into others

We can not continue to feed a few and starve many

Go to Creeks where the Oil is situated and you will weep

Let the deep forensic audit be carried out, where are they going to get 3 trillion from to clear the mess?

This madness must stop ,

God bless Mr President.

Hahahahaha, NEVER AGAIN. We cannot go back to Egypt. stealing is now corruption. Ahead ahead folks.

These are the calibre of people once saddled with the responsibility of delivering democracy dividends to Nigerians. PDP, NEVER AGAIN!!!!!!

I think you are intending to work in oil and gas industry by choosing to study Chemical Engineering, however there's little or no platform for you to actualise your dream in Nigeria with your course of study.

Mechanical or Electrical engineering will be better from my personal experience. The percentage of Chemical Engineers needed in oil and gas industry is very low compare to M & E engineers.

Another point to note is that technology is practically taken over oil and gas industry and technically speaking, a chemical Engineer will find it difficult to migrate unlike M&E Engineers.

If my first sentence is correct, change your course of study asap and thank me 7 years from now.

As for " regret " , if you come out with a poor result in this saturated labour market, SORRY.

Where are these companies today?
Nigeria Airways, where over 20.000 employers were sacked without pensions.
PHCN/NEPA
NigerDock
FEDERAL SECRETARIAT IKOYI
NITEL
Daily Times
Ughelli Power
Egbin Power
NICON Insurance
ALSCON
Transcorp Hilton Hotel
NICON Luxury Hotel
Sunti Sugar Ltd
NetCom House
Bacita Sugar Ltd
MM2.

They were sold by Atiku when he headed the privitization programme under Obasanjo.

Nigeria Port Authority reform was purely contrived to grab landed properties. 10,000 workers were sacked & 133 bids opened for NPA properties consisting of 68 properties in Apapa, 28 houses in Ikoyi. The highest reserves bid was for a property in Ikoyi fixed at N390.4 Million.

ATIKU Mr Job creator should explain what happened to NigerDock, which was the largest ship fabrication yard in West Africa sub region.

When it was sold, its Ex-MD Engr. Nkpubre Okon, openly stated how "Mr Job Creator" ignored the Transport Ministry then to Open bid for NigerDock. Atiku's preferred bidder, 'Global Energy' that agreed to increase NigerDock's workforce from 4,800 to 6,000 as part of privatization agreement dismissed 2,200 immediately it took ownership. Jagal Group that took over after Global Energy lost out on power play also sacked 1,400. Where is NigerDock today?

Atiku, Mr Job Creator forgotten how 7000 railway workers were sacked in 2005 without compensation to reduce its workforce to 6,300? Another 1,260 were fired in 2006. When ATIKU and his Headmaster were leaving in 2007, they left ~N5 Billion in unpaid Railway pension arrears which Buhari has cleared.

ATIKU to sell NNPC, he should first tell us how his privatisation of the following companies benefited Nigeria AND where are the proceeds?

Nafcon (Built with $3.2b but sold by Atiku for $130m. The Russian firm that bought did not even pay to the federation account..Somebody went behind to collect the money)

Eleme Petrochemical (sold for $27m).

NEVER AGAIN!!!!!!

Lazy Nigerian youths.

Very funny