Investogist
No Result
View All Result
Tuesday, October 13, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    NIMASA commence monitoring of SPDC oil spill at Bonny Terminal

    Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    President Bola Tinubu names Military Barrack after self in Abuja

    President Tinubu Declares Three-Day National Mourning for Air Force Personnel Killed in Ondo Plane Cras

    JAMB Plans UTME Centre in Ottawa, Canada, from 2027

    JAMB Plans UTME Centre in Ottawa, Canada, from 2027

    Military Plane With 32 Aboard Crashes in Ondo State

    Military Plane With 32 Aboard Crashes in Ondo State

    WAEC Appoints Suleiman Kum as Head of Nigeria National Office

    WAEC Appoints Suleiman Kum as Head of Nigeria National Office

    NJC sacks two heads of court, suspends two judges, sets up panel

    Court restricts Osun govt bank accounts over $13.9m arbitration award

    Nigerian Navy Opens Recruitment Portal, Deadline, Requirements and How to Apply

    Nigerian Navy Opens Recruitment Portal, Deadline, Requirements and How to Apply

    Breaking: President Tinubu dissolves Boards of Parastatals, Agencies, Institutions

    President Tinubu’s 2026 Independence day address to the nation

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    NIMASA commence monitoring of SPDC oil spill at Bonny Terminal

    Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

    Dangote Refinery Extends IPO Deadline to Oct 27

    Dangote Refinery posts $4.7bn nine-month profit, reversing two years of losses

    SpaceX launches Dragon cargo mission to ISS

    SpaceX launches Dragon cargo mission to ISS

    Dangote Refinery Extends IPO Deadline to Oct 27

    Dangote Refinery Extends IPO Deadline to Oct 27

    Zenith Bank Plc declares ₦1.50 interim dividend for H1 2026 as pre-tax profit rises 1.9% to ₦637.60 billion

    Zenith Bank Plc declares ₦1.50 interim dividend for H1 2026 as pre-tax profit rises 1.9% to ₦637.60 billion

    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote Refinery IPO Enters Final Week as ₦525 Offer Closes October 13

    Etihad, Ibom Air Sign Deal to Connect Five Nigerian Cities on a Single Ticket

    Etihad, Ibom Air Sign Deal to Connect Five Nigerian Cities on a Single Ticket

    VFD Group Plc gives notification of the meeting of the Board of Directors

    VFD Group appoints Mrs Emezie-Ezigbo as Deputy Managing Director

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    NGX Daily Equities Market Report: MTNN lead market to a positive start for the week

    Investors trade shares worth ₦237.986 billion in the week of Dangote Refinery IPO

    Dangote refinery starts supply of petroleum products into Nigerian market

    Dangote Refinery IPO gets SEC approval, sets price at N525 per share

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    NIMASA commence monitoring of SPDC oil spill at Bonny Terminal

    Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    President Bola Tinubu names Military Barrack after self in Abuja

    President Tinubu Declares Three-Day National Mourning for Air Force Personnel Killed in Ondo Plane Cras

    JAMB Plans UTME Centre in Ottawa, Canada, from 2027

    JAMB Plans UTME Centre in Ottawa, Canada, from 2027

    Military Plane With 32 Aboard Crashes in Ondo State

    Military Plane With 32 Aboard Crashes in Ondo State

    WAEC Appoints Suleiman Kum as Head of Nigeria National Office

    WAEC Appoints Suleiman Kum as Head of Nigeria National Office

    NJC sacks two heads of court, suspends two judges, sets up panel

    Court restricts Osun govt bank accounts over $13.9m arbitration award

    Nigerian Navy Opens Recruitment Portal, Deadline, Requirements and How to Apply

    Nigerian Navy Opens Recruitment Portal, Deadline, Requirements and How to Apply

    Breaking: President Tinubu dissolves Boards of Parastatals, Agencies, Institutions

    President Tinubu’s 2026 Independence day address to the nation

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    NIMASA commence monitoring of SPDC oil spill at Bonny Terminal

    Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

    Dangote Refinery Extends IPO Deadline to Oct 27

    Dangote Refinery posts $4.7bn nine-month profit, reversing two years of losses

    SpaceX launches Dragon cargo mission to ISS

    SpaceX launches Dragon cargo mission to ISS

    Dangote Refinery Extends IPO Deadline to Oct 27

    Dangote Refinery Extends IPO Deadline to Oct 27

    Zenith Bank Plc declares ₦1.50 interim dividend for H1 2026 as pre-tax profit rises 1.9% to ₦637.60 billion

    Zenith Bank Plc declares ₦1.50 interim dividend for H1 2026 as pre-tax profit rises 1.9% to ₦637.60 billion

    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote Refinery IPO Enters Final Week as ₦525 Offer Closes October 13

    Etihad, Ibom Air Sign Deal to Connect Five Nigerian Cities on a Single Ticket

    Etihad, Ibom Air Sign Deal to Connect Five Nigerian Cities on a Single Ticket

    VFD Group Plc gives notification of the meeting of the Board of Directors

    VFD Group appoints Mrs Emezie-Ezigbo as Deputy Managing Director

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    NGX Daily Equities Market Report: MTNN lead market to a positive start for the week

    Investors trade shares worth ₦237.986 billion in the week of Dangote Refinery IPO

    Dangote refinery starts supply of petroleum products into Nigerian market

    Dangote Refinery IPO gets SEC approval, sets price at N525 per share

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

NDDC received N333.05bn allocation in five years, what was it used for?

Saturday, 18 July 2020, 9:15 pm
in News
0
NDDC received N333.05bn allocation in five years, what was it used for?
Share Share Share Share Send as Email

Niger Delta Development Commission (NDDC) has been making headlines on both local and international news media in recent weeks as the Nigeria National Assembly probes the commission’s financial activities.

In addition to the probe, the commissions Ex-MD Joi Nunieh has been heaping series of allegations of corruption and sexual harassment against Godswill Akpabio, the Minister of Niger Delta.

It has been revealed that NDDC received a total of N333.05 billion allocations in the past five years from 2016 to 2020 according to BudgIT.

The details are as follows

  • 2016: N41.05bn,
  • 2017: N64.02bn,
  • 2018: N81.88bn,
  • 2019: N100.2bn,
  • 2020: N45.9bn

The question that is being asked is what are these money used for?

It emerged that NDDC spent the sum of N81.5 billion between January and July 2020.

  • Have you read;
  • Exchange rate to remain at N360/$1 until 2023: MTEF/FSP report
  • You must be Flexible in order to Succeed in Business

The Central Bank of Nigeria and the Office of the Accountant-General of the Federation have indicted the Niger Delta Development Commission in the investigation of the illegal spending by the commission between January and July 2020, amounting to N81.5bn.

The Bureau of Public Procurement also said it did not issue ‘Certificates of No Objection’ to the NDDC for the procurement made by the commission with the money.

The breakdown of the N81.5bn spending according to Punch is as follows;

  • Community relations – N1.3bn
  • Condolences – N122.9m
  • Consultancy – N83m
  • COVID-19 – N3.14bn
  • Duty tour allowances – N486m
  • Imprest- N790.9m
  • Lassa fever, N1.956bn
  • Legal services – N900m
  • Maintenance – N220m
  • Oversea travels – N85.6m
  • Project public communication – N1.121bn
  • Security – N744m
  • Staffing related payments – N8.8bn and
  • Stakeholders engagement (Feb 18 – May 31, 2020) – N248m.

Written by;

Ifunanya Ikueze

Related Posts:

  • Police,
    Nigerian Police received over N2 trillion budget…
  • Bull
    NGX Daily Equities Market Report: Investors gain…
  • Lauretta Onochie
    Senate confirms Lauretta Onochie as new NDDC chairman
  • NDDC
    New Board and Management of NDDC appointed by…
Tags: NDDCNDDC N81.5bn
Previous Post

How much is the Business worth: The Cash Flow Statement

Next Post

If Selected as WTO DG, I would be Proactive, Supportive & Solutions-Oriented: Okonjo-Iweala

Next Post
Ngozi Okonjo-Iweala to be Nigeria’s Candidate for WTO DG – President Buhari

If Selected as WTO DG, I would be Proactive, Supportive & Solutions-Oriented: Okonjo-Iweala

Please login to join discussion
  • Trending
  • Comments
  • Latest
SpaceX launches Dragon cargo mission to ISS

SpaceX launches Dragon cargo mission to ISS

Dangote Refinery Extends IPO Deadline to Oct 27

Dangote Refinery posts $4.7bn nine-month profit, reversing two years of losses

Dangote Refinery Extends IPO Deadline to Oct 27

Dangote Refinery Extends IPO Deadline to Oct 27

NIMASA commence monitoring of SPDC oil spill at Bonny Terminal

Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

NIMASA commence monitoring of SPDC oil spill at Bonny Terminal

Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

Dangote Refinery Extends IPO Deadline to Oct 27

Dangote Refinery posts $4.7bn nine-month profit, reversing two years of losses

SpaceX launches Dragon cargo mission to ISS

SpaceX launches Dragon cargo mission to ISS

Dangote Refinery Extends IPO Deadline to Oct 27

Dangote Refinery Extends IPO Deadline to Oct 27

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2026 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved