Business
Why Buhari Opted To Directly Fund Forensic Audit -NDDC
The Interim Management Committee, (IMC) of the Niger Delta Development Commission (NDDC) has commended President Muhammadu Buhari for approving eight forensic field auditors to audit the commission from 2001 to 2019.
The commission, in a statement by its Director, Corporate Affairs, Charles Odili, said the President approved the funding following considerations that the National Assembly had not passed the NDDC 2020 Budget.
The statement further said the payment of the fees and stipends of the NDDC scholarship students a road had commenced as all formalities with the Central Bank of Nigeria (CBN) had been regularised.
Odili said: “We are grateful to Mr. President for matching his words with action and approving the funding of the forensic exercise directly from the Presidency.
“We note that the President graciously approved this peculiar funding arrangement because he gave due consideration to the fact that the National Assembly has not passed the NDDC 2020 budget.
“With the funding challenge now settled, we are on course to accelerate the tempo of the forensic audit, which will cover the headquarters and the projects in the 9 NDDC mandate states, to ensure that the exercise is completed on time.
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“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
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