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NDDC boss breaks silence on what made him collapse during Reps grilling

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Acting Managing Director/Chief Executive Officer, CEO, Expanded Interim Management Committee, EIMC, Niger Delta Development Commission, NDDC, Prof Kemebradikumo Pondei, Tuesday, opened his heart on the ill-starred incident at the House of Representatives, where he unexpectedly fainted while being questioned by lawmakers, a month ago.

Pondei, undoubtedly stressed but back to his feet, in an exclusive interview with Vanguard, disclosed that he had a mysterious and unpredictable health challenge and was stunned people thought he was acting.

Speaking on the delay in passing the Commission’s 2019 Budget, he revealed: “A minor typographical error was noticed and we asked for 10 minutes to amend the errors, but the presentation was stepped down. The National Assembly, NASS, has since gone on recess.”

I noticed a new bounce in NDDC activity after your last appearance in the House of Representatives, are you back to your feet now, what really happened to you on that day?

I had an unexplained, unexpected health challenge. It is ridiculous to think that people believed I was acting. I would not pray for anyone to experience what I went through. I do not run from issues. I have put all that behind me.

Despite the allegations against you and other EIMC members, you seemed not to be perturbed anymore, as you have gone back to work, what is the adrenaline?

This is because the accusations/allegations were laughable. From N40 billion missing, the probes now became extra-budgetary spending.

After accusing the EIMC of embezzlement of N40 billion, nothing was substantiated.

The IMC is then asked to refund monies paid for historical debts owed contractors, service providers and allowances paid to staff.

Some lawmakers said NDDC was mistaking projects they facilitated to their for contracts awarded to them and calling them contractors, don’t you think the Commission is, indeed, mixing up things up?

The Forensic Audit will determine that. We are told that the lawmakers actually facilitated the projects to their constituencies, but also insisted on the contracts been awarded to them or their proxies.

It is obvious that some of the beneficiaries used proxies to collect contracts from the Commission, don’t think you think they were ingenious than you people in NDDC?

That seems to be the case. The current EIMC decided to change the way things are done in the NDDC and this is responsible for most of this face-off.

Again, the Commission admitted that some people might have used names of some influential Niger -Deltans to obtain contracts, why did things degenerate to such low in NDDC?

This is because there were no checks or balances. The NDDC was a place for political patronage and raising war chests for elections.

So much about NDDC contracts’ cartel allegedly run by MD, ED- Projects and ED-FA, have you heard of this cartel and are you part of it?

I want you to investigate this discretely, ask staff at the Headquarters. I am not part of any cartel. Instead, I have tried to eliminate this by reducing interaction between staff and contractors. Gratification had been going on as a routine procedure. Nepotism in processing of files and payments also exist. Before all these distractions, the EIMC was working seriously on this issue of people being asked to pay percentages to staff.

NDDC in its letter to Senator Nwaoboshi did not directly link him to the contracts it asked him to refund money, does it mean the Commission has no direct evidence to show that he had anything to do with the companies?

I’ll skip this

In the case of Joi Nunieh, your predecessor, she had denied approving contract she was asked to make refund?

I’ll also skip this

What made you to write IGP over Senator Nwaoboshi, could it be that the Minister of Niger Delta is using you against him, as Nunieh insinuated?

No, the Honourable Minister is not using the EIMC. We also wrote about other contracts.

Have you correspondingly written IGP over Nunieh case too?

See above

But the contracts NDDC allegedly gave to lawmakers and other prominent N’Deltans were not given during your tenure, why is the Commission raising dust as if it happened recently?

This is because payment/non-payment of these contracts contributed to the face-off and the lawmakers were denying ever doing contracts associated with the NDDC

Please, what really is the problem with the passing of NDDC’s 2020 budget? When was it submitted? What is delaying passage? Is there any demand on NDDC that is causing the delay?

The 2019 and 2020 NDDC Budgets were submitted in October 2019. The 2019 Budget was passed in the first week of March 2020 and the approval given on the 20th March 2020. The signed copy of the approved budget was not received by the NDDC until second week of April 2020 during the Covid-19 lock-down. The Commission tried its best to see if implementation of any projects could be started.

Unfortunately, the 2019 Budget expired on the 31st of May 2020 and the next day, we got communication from the Committee Chairmen of the NASS informing us of the expiration of the budget. In between the probes by the NASS, we tried to present the 2019 budget performance and defend the 2020 budget.

A minor typographical error was noticed and we asked for 10 minutes to amend the errors, but the presentation was stepped down. The NASS has since gone on recess.

The uproar by the media and many Nigerians was because the expenditures for N81.5 bn were weird, just as the reasons given for them were scandalous for EIMC supposedly on a purifying mission, why do you think you were unfairly judged?

This is not true. The current EIMC did not spend N81.5bn. This was the joint expenditure by both IMCs from October 2019 to 31st May 2020. The current IMC between 20th February 2020 and 31st May, 2020 spent N59.1bn. Out of this, N38.6bn was for capital expenditure, paid to contractors and other expenditure incurred by previous managements. The balance was for recurrent expenditure, including backlog of debts owed to service providers and backlog of allowances approved for staff by previous managements, but left unpaid.

Our sin has been that we have tried to clean up the embarrassing debts incurred by previous managements.

The Commission was reportedly spending more funds while the probe was on, why?

All relevant documents/facts submitted to Senate/House of Representatives Committees that were kept away from the public.

What is the non-passage causing to the Niger Delta?

It is causing retrogression of the region. People borrowed money to execute NDDC contracts. Non-payment is having a toll on many contractors from the region. Two budgetary cycles have been lost. Recall that it was the unavailability of budgets that led to previous Managements adopting emergency contracts to keep the NDDC functional, and has ultimately led to this burdensome debt profile of the NDDC.

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I Delivered $15m Agency Cash To Ex-NIMASA DG Akpobolokemi, EFCC Witness Tells Court

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A prosecution witness, Captain Ezekiel Bala-Agaba, testified in a Lagos Federal High Court on Thursday, that he personally delivered $15 million in cash to former NIMASA DG, Patrick Akpobolokemi.

The witness, Bala-Agaba, a former Executive Director of Maritime Safety, Shipping Development and Marine Operations at NIMASA, made the disclosure while testifying before Justice Ayokunle Faji of the Federal High Court in Lagos.

Captain Agaba, who appeared as the 15th prosecution witness, told the court that funds meant for pipeline surveillance were withdrawn from NIMASA’s accounts, converted into dollars, and handed over to Dr Akpobolokemi.

According to him, the money was taken to a Bureau de Change, which converted it into $15 million before the cash was delivered to the NIMASA office on Burma Road, Apapa, Lagos.

He said he subsequently took the money to the office of the then Director-General.

“The money was sent to a Bureau de Change, which later brought the dollar equivalent to our office at Burma Road, Apapa, Lagos. I asked my Personal Assistant, Ekene Nwakuche, to carry the bag and follow me to the Director-General’s office,” he told the court.

The witness explained that he collected the bag from his aide before entering the office.

“When we got to the door of the Director-General’s office, I collected the bag from him and asked him to wait outside. I then personally delivered the sum of $15 million to the Director-General.”

The witness was initially a defendant in the case but later opted to testify for the prosecution.

While being led in evidence by prosecuting counsel, Suleiman Suleiman, he explained the chain of command within NIMASA and how financial approvals were processed in the agency.

According to him, the Director-General is the overall head of the agency and issues instructions to directors, who then implement policies in line with the NIMASA Act.

He told the court that he chaired the agency’s Intelligence Committee, which was responsible for certain security-related operations.

“As chairman of the committee, I oversaw its activities and reported directly to the Director-General, Dr. Patrick Akpobolokemi,” he said.

During the proceedings, the witness was also shown a document containing a letter from Access Bank to the Economic and Financial Crimes Commission (EFCC) detailing transactions in NIMASA’s accounts between 2013 and 2015.

When asked how much money he took to the former Director-General, Agaba replied: “$15 million.”

After listening to the testimony, Justice Faji adjourned the matter until April 22 and 23 for cross-examination of the witness.

The EFCC had in December 2015 arraigned Dr. Akpobolokemi and seven others before the court on a 30-count charge bordering on conspiracy, fraudulent conversion of funds and money laundering.

Those charged alongside the former NIMASA boss include, Warredi Enisuoh, Governor Juan, Ugo Frederick, Timi Alari, as well as Alkenzo Limited and Penniel Engineering Services Limited.

They pleaded not guilty to the offences.

The anti-graft agency alleged that the defendants conspired to divert funds running into over N1.15 billion under the guise of providing security intelligence in Nigeria’s maritime domain.

According to the EFCC, the NIMASA Intelligence Committee allegedly received N1,153,000,000 between December 2013 and July 2015.

Investigations further revealed that several companies contracted to execute the intelligence operations were either unregistered or lacked the capacity to perform the services, while some were allegedly linked to the defendants.

The prosecution also alleged that the defendants nominated or owned many of the companies used to execute the contracts.

One of the charges stated that the defendants conspired to commit offences punishable under the Money Laundering (Prohibition) Act, 2012.

 

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CBN Bars Chronic Loan Defaulters from Accessing New Banking Services

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The Central Bank of Nigeria (CBN) has issued a directive to all financial institutions to immediately restrict certain banking services for large-ticket borrowers with non-performing loans (NPLs).

This move is aimed at strengthening credit discipline and protecting the stability of the Nigerian financial system following a rise in the industry’s NPL ratio to approximately 7%, exceeding the regulatory 5% threshold.

This order is specifically targeted at large-ticket obligors.

The CBN issued the directive in a circular to banks on Monday.

The latest instruction comes almost a week after the CBN asked financial institutions to stress test.

It is uncertain if the two directives are connected or what may have triggered the loan-related instruction, but the apex bank said it furthers its mandate to protect Nigeria’s financial system.

“In furtherance of its mandate to promote a sound financial system, protect depositors, and enhance prudential compliance within the banking sector, the Central Bank of Nigeria (CBN) hereby directs all banks to restrict non-performing large ticket obligors, whose activities pose systemic risk to the financial system, from accessing specified banking services,” the circular reads in part.

“Any large-ticket obligor with a non-performing facility recorded in the CRMS and/or any licensed private credit bureau shall not be granted additional credit facilities. For the purpose of this restriction, credit facilities include loans and other forms of direct credit.

“In addition, such obligors shall not be granted banking facilities or contingent liabilities such as bankers’ confirmations, letters of credit, performance bonds, or advance payment guarantees.”

 

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Makinde Only In PDP Because He’s Not Seeking Re-election – Otitoju

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Babajide Kolade-Otitoju, the Director of News at TVC News, recently stated that Oyo State Governor Seyi Makinde would likely have defected from the People’s Democratic Party (PDP) if he was still serving his first term.

Otitoju stated this on Friday on TVC’s ‘Breakfast Show’.

He described the National Convention of the Peoples Democratic Party, PDP, in Ibadan last November as a mere waste of time.

“People must show good judgment at a critical phase. What was the point of having that convention? Two courts told you not to go ahead but you went ahead.

“I may not be a fan of former Senate President Bukola Saraki but if he says something that makes sense, I will be the first to admit it. He made sense when he said let’s go for caretaker. What’s the point of not listening to him?

“Later you will be shouting that the ruling party is behind your crisis, meanwhile you are the architect of your own misfortunes. You created this problem.

“If Makinde were in his first term, he would have fled like the dancing governor because his second term would have been in danger,” Otitoju said.

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