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NDDC Revokes Contracts, Asks Contractors For Refund

The Niger Delta Development Commission (NDDC) has announced that it has revoked contracts awarded before December 31, 2019, where the contractors did not move to the site.

 

NDDC’s Director of Corporate Affairs, Dr Ibitoye Abosede made the announcement on Sunday May 22, adding that the Presidency directed the projects’ cancellation following recommendations in the recently-concluded forensic audit report on the NDDC.

Abosede who also explained that the cancellation was subject to any future re-award in accordance with the Public Procurement Act, directed the affected contractors to refund the monies to the commission’s account with the CBN.

 

The statement read;

 

“Consequently, all affected contractors are advised to note that all monies earlier received by way of mobilisation for any of the projects are to be promptly refunded.

“The contractors are to refund the monies to the commission’s account with the CBN.

“This is to bring to the notice of all contractors engaged by the NDDC, as well as stakeholders and the general public, the implementation of the forensic audit report.

“The cancellation is also in line with the terms of the contracts for the award of the said projects.”

 

 

 

 

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