Senate probes fresh multi-billion naira fraud in NDDC

The Senate said it had received fresh fraud allegations against the management of the Niger Delta Development Commission.

The red chamber said the new financial infractions were not captured in the list of the allegation of N40bn reckless spending which a whistle-blower brought against the NDDC to the parliament recently.

The Senate said the fresh probe would be handled by the Senate Committee on Ethics, Privileges and Public Petitions.

The chairman of the panel, Senator Ayo Akinyelure, confirmed the development in an exclusive interview with our correspondent in Abuja.

He explained that the acting Managing Director of the NDDC, Kemebradikumo Pondei, would be summoned after the Senate panel had concluded its public hearing involving the United Bank for Africa Plc and the liquidators of the defunct NITEL/EMTEL, which would take place next Wednesday.

Read the full story in Punch

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