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Cabinet approves N318 million fee for forensic audit

The Cabinet has approved the sum of N318 million for the hiring of lead consultant for the forensic audit of the activities of the Niger-Delta Development Commission, NDDC.

Minister in charge of the Ministry, Godswill Akpabio revealed this to Journalists on Wednesday, at the end of this week’s cabinet meeting presided over by Vice President Yemi Osinbajo.

Akpabio said the lead consultant would later co-ordinate the appointment of nine other consultants that would carry out forensic audit on the activities of the NDDC in the nine states of the Niger-Delta region.

He said: The Ministry of Niger-Delta Affairs presented a memo today to appoint the lead consultant for the forensic audit of the Niger-Delta Development Commission as ordered by the President in response to the request of the Governors of States in that region.

That lead consultant will now appoint and then coordinate the appointment of the other forensic auditors that will take part in the exercise. The amount was about N318 million and Messrs Olumuyiwa Bashiru and Co were today approved by the Federal Executive Council as the lead consultants.

The Minister said the forensic audit has become necessary because the region has not had value for the money expended in the Niger-Delta Commission since its inception.

He added that the forensic audit would cover from 2001-2019 with consortium of nine other forensic auditors from each of the states.

Source: Voice of Nigeria