May 23, (THEWILL) – The Federal Government has revoked all contracts awarded by the Niger Delta Development Commission (NDDC) before December 31, 2019.
A statement by the NDDC also said the Presidency directed that the affected contractors be made to refund to the commission, all monies paid to them for projects that were either not started or left completed.
Corporate Affairs Director of the commission, Dr Ibitiye Abosede, explained in a statement, that the actions were the fallout of the forensic audit.
The statement read: “This is to bring to the notice of all contractors engaged by the NDDC as well as stakeholders and the general public, that the Presidency has directed that all projects awarded by the commission before December 31, 2019, for which the beneficiary contractors are yet to mobilise to site, are by this directive cancelled.
“According to the directive, ‘this cancellation is subject to any future re-award in accordance with the Public Procurement Act and in line with the terms of the contracts for the award of the said projects.
“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 to the Commission’s Account with the Central Bank of Nigeria.”