The Federal Executive Council has approved the appointment of a lead consultant for the forensic audit of the Niger Delta Development Commission.
Senator Godswill Akpabio, the Minister of Niger Delta Affairs, made the disclosure while briefing State House correspondents after the Federal Executive Council meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja.
Akpabio said the lead consultant would coordinate the appointment of other forensic auditors that would take part in the exercise.
He said: “The amount is about N318 million and Messrs Olumuyiwa Bashiru and co were appointed the lead consultant that will handle forensic audit of NDDC as ordered by President Muhammadu Buhari after a request by the nine governors of the Niger Delta region.
“The nine governors met with the President in October 2019 and requested a forensic audit of the NDDC.
“Of course, as a result of the fact that we have not had value for the money expended in that commission since inception.
“And so, the forensic audit will cover from 2001 all the way down to 2019 and we are going to have other forensic auditors joining the lead; we are treating each of the states as a lot.
“So, likely we are going to have a consortia of about nine other forensic auditors, one of which will be in the head office to handle programmes and financial audit, personnel and all others.
“And that must have an international flavour in case there are monies that may be denominated in dollar to be recovered after the forensic exercise.”
The minister said the estimated period given by the Bureau of Public Procurement to conclude the exercise was nine months.