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“IOCs must pay up hundreds of billions of dollars owed to the NDDC” – Senate Committee

The Senate Committee on Niger Delta Development Commission (NDDC) has vowed that it will ensure the debt International Oil Companies (IOCs) operating in the country owed to the NDDC will be paid to the commission’s coffers.

The contributions that the IOCs owe the NDDC amounted to hundreds of billions of dollars, revealed Senator Ned Nwoko, a member of the Senate Committee on NDDC.

Nwoko made this known while speaking with the News Agency of Nigeria in Abuja on Sunday.

The lawmaker stated that the Committee would invite the defaulting IOCs, investigate them, and ensure they do what is right by paying what they owe to the coffers of the NDDC.

Senator Nwoko further stated that the 10th Assembly and the Senate Committee on Niger Delta Development Commission to ensure effective project execution by the commission.

He emphasized that the Senate Committee on NDDC will ensure that contractors deliver on their undertakings, stressing that excuses would not be permitted.

Also, Nwoko said if there was a need to make more money available to the commission through budgetary allocation, it would be done.