MD/CEO, Expanded Interim Management Committee, EIMC, of the Niger Delta Development Commission, NDDC, Prof Kemebradikumo Pondei, opened up on the incident at the House of Representatives, where he suddenly fainted while being questioned by lawmakers, a month ago.
In an exclusive interview with us, Prof Pondei said that the sin of the current EIMC was that it tried to clean up the financial indiscretions of past management.
When asked if he felt the EIMC was unfairly judged during the uproar caused by allegations of the commission racking up N81.5bn in expenditures, Prof Pondei answered:
“This is not true. The current EIMC did not spend N81.5bn. This was the joint expenditure by both IMCs from October 2019 to 31st May 2020.
The current IMC between 20th February 2020 and 31st May 2020 spent N59.1bn. Out of this, N38.6bn was for capital expenditure, paid to contractors and other expenditure incurred by previous managements.
The balance was for recurrent expenditure, including the backlog of debts owed to service providers and the backlog of allowances approved for staff by previous managements, but left unpaid.”
The EIMC MD continued, “our sin has been that we have tried to clean up the embarrassing debts incurred by previous managements.”