RIVERS GOVT SEALS UP NDDC HEADQUARTERS OVER 50BIL TAX ARREARS

We don’t owe N50bn –Commission Chukwudi Akasike, Port Harcourt THE Rivers State Internal Revenue Service has sealed off the corporate headquarters of the Niger Delta Development Commission in Port Harcourt over unpaid withholding tax allegedly running into N50bn. This is as the NDDC insisted that its records had indicated that they were not indebted to the state government to the tune of N50bn in unpaid taxes, adding that the sealing of its office on Tuesday did not follow due process. Speaking with our correspondent on Wednesday, the Chairman of RIRS, Adoage…

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FORMER NDDC BOSS DRAGGED TO COURT OVER 3.6 BIL FRAUD

 John Owen Nwachukwu  The Economic and Financial Crimes Commission (EFCC), on Wednesday, in a Federal High Court, opened its case in the trial of a former Director, Niger Delta Development Commission (NDDC), Tuoyo Omatsuli, over alleged N3.6 billion fraud. The anti-graft agency on Nov. 8, 2018, arraigned Omatsuli alongside Don Parker Properties Ltd., Francis Momoh, and Building Associates Ltd. before Justice Saliu Saidu on a 45-count charge bordering on the alleged offence. They each pleaded not guilty to the charge and were granted bail. On Wednesday, EFCC Counsel, Mr Ekene…

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NDDC CANCELS 600 CONTRACTS WORTH 200BIL NAIRA

NDDC Cancels 600 Contracts Worth N200bn THISDAYLIVE / Online Editor / 40 minutes ago Vows to prosecute defaulting contractors, banks Ernest Chinwo in Port Harcourt The Niger Delta Development Commission (NDDC) has said it has cancelled over 600 contracts worth more than N200 billion, in its efforts to streamline the procurement processes in the commission. The commission also said it would prosecute contractors who abandoned its projects after collecting advance payments, as well as commercial banks that issued advance payment guarantee for the defaulting contractors. Addressing journalists at the commission’s…

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