▲
▼

Welcome to NairaPark (NP)

It's possible to achieve your sales target through NairaPark. Learn How »

Don't miss Daily Updates

 
Name:
 
Email:
 
Mobile:

 
Keep me posted

Member Login

 
Lost your password?
 

NairaPark Statistics

45,100 Members    |    173 Online
Wednesday, November 22, 2017.

Not a Member? Sign Up!

 Male  Female  Terms
 
Nigerian News » Politics
 
 
 
 

‘NDDC got N135b, $1.1b from Shell, SNEPCo’


 
 
 
 
 
The Shell Petroleum Development Company (SPDC) and its subsidiary, Shell Nigeria Exploration and Production Company (SNEPCo) have contributed over N.3 trillion to the development of the Niger Delta Development Commission (NDDC) since it was established.

Its General Manager, ER Nigeria and West Africa, Me Igo Weli, disclosed this in a presentation during a  three-day retreat of the NDDC in Onne, Rivers State.

He said, Shell has made  “N135 billion and $1.1 billion contribution from inception to date.”

Besides, Mr Weli said SPDC and SNEPCo carry out project/activity specific partnership and collaboration with the commission, adding that the ongoing Ogba/Nembutal Road was one of them.

The revelation by the oil major came against the backdrop of allegations of underfunding of the NDDC by International Oil Companies (IOCs), including SPDC.

Senator Peter Nwaoboshi (PDP) representing Delta North district and Chairman, Senate Committee on the NDDC had accused the IOCs of flouting Nigerian laws by failing to comply with their responsibilities under the NDDC Act.

Nwaoboshi, at the retreat, vowed that the Senate would work to ensure that the IOCs pay the commission all its dues.

However, Weli expressed dismay at the allegations, particularly against Shell, stressing that apart from a joint reconciliation of its payments every two years, the company was subject to separate interrogations by the National Assembly.

He said rather than underfunding, the problem with NDDC was mismanagement and inability of indigenes of oil communities to get their fair share of its projects.

Weli said there was need to make all contributions count, wondering: “if nothing changes in the way we manage ourselves, what will the Niger Delta look like in 20 years?”

He particularly lamented the IOCs’ limited opportunities to make inputs into the annual work programme/budget of the NDDC in spite of their contributions to its funding.

He said there was also the challenges of transparency/accountability on NDDC support projects; NDDC outstanding obligations to consultants on live wire programme, the Ogbia/Nember road and administrative delay in remitting payments to contractors.
 
 
 
 
 
 
You might also like:
 
Police to deploy trackers, drones against cattle rustlers

The Nigeria Police Force has said it will deploy electronic technology involving trackers and drones to curb animal rustling in the country. The...

Thugs invade Kogi assembly, attack lawmakers, strip member

Suspected thugs invaded the Kogi State House of Assembly on Tuesday and attacked lawmakers and stripped a member representing Igalamala/Odolu, ...

Satellite launched to monitor climate change, vegetation

Two satellites including one dedicated to monitoring the effects of climate change on vegetation were successfully launched into orbit late Tuesday,...

 
Outsourced Credit Control, Cash Flow, Debt Collection, Track and Trace, Loan Collection
 
 

 

 
 
 
 
Bulk SMS Widget
Type your message:
Schedule Message
image
 
 
Own an attractive Website along with Free Web Hosting, Domain Registration, Search Engine Submission and unlimited Email Accounts. Start Now »
 
73 Kobo Bulk SMS Service
1486460780
 
 
 
 
 
 
 
 
Signup on NairaPark NairaPark © 2010 - 2017 - All rights reserved. Signin to NairaPark
NairaPark © 2010 - 2017 - All rights reserved.

 
[x] Close

Not a Member? Sign Up!

 
 Male  Female  Terms
 

Already Registered? Sign In!

 
 

Forgot Password? Reset Now!