{"id":25707,"date":"2022-05-23T04:21:07","date_gmt":"2022-05-23T04:21:07","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=25707"},"modified":"2022-05-23T04:21:07","modified_gmt":"2022-05-23T04:21:07","slug":"nddc-revokes-20-year-old-unexecuted-contracts-orders-contractors-to-refund-monies-received","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/05\/23\/nddc-revokes-20-year-old-unexecuted-contracts-orders-contractors-to-refund-monies-received\/","title":{"rendered":"NDDC revokes 20-year-old unexecuted contracts, orders contractors to refund monies received"},"content":{"rendered":"<div class=\"featured-image page-header-image-single grid-container grid-parent\"><\/div>\n<header class=\"entry-header\" aria-label=\"Content\">\n<h1 class=\"entry-title\"><span style=\"font-size: 16px\">The Niger Delta Development Commission (NDDC) has revoked contracts awarded between 2000 and 2019 where the contractors did not move to site.<\/span><\/h1>\n<\/header>\n<div class=\"entry-content\">\n<p>\u201cConsequently, all affected contractors are advised to note that all monies earlier received by way of mobilisation for any of the <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/05\/20\/fayemi-vows-to-complete-airport-school-projects-before-leaving-office\/\">projects<\/a> are to be promptly refunded.<\/p>\n<p>\u201cThe contractors are to refund the monies to the commission\u2019s account with the CBN,\u2019\u2019 NDDC\u2019s Director of Corporate Affairs, Dr Ibitoye Abosede, announced in a statement issued in Port Harcourt on Sunday.<\/p>\n<p>Abosede stated that the Presidency directed the projects\u2019 cancellation following recommendations in the recently-concluded forensic audit report on the NDDC.<\/p>\n<p>\u201cThis is to bring to the notice of all contractors engaged by the <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2021\/12\/17\/nddc-audit-stakeholders-applaud-fg-demand-prosecution-of-erring-contractors\/\">NDDC<\/a>, as well as stakeholders and the general public, the implementation of the forensic audit report.<\/p>\n<p>\u201cThe Presidency has directed that all contracts awarded by the NDDC from 2000 to Dec. 31, 2019, for which the beneficiary contractors are yet to mobilise to site, are cancelled,\u2019\u2019 he stated.<\/p>\n<p>Abosede added that the cancellation was subject to any future re-award in accordance with the Public Procurement Act.<\/p>\n<p>\u201cThe cancellation is also in line with the terms of the contracts for the award of the said projects,\u2019\u2019 Abosede also stated.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Niger Delta Development Commission (NDDC) has revoked contracts awarded between 2000 and 2019 where the contractors did not move to site. \u201cConsequently, all affected contractors are advised to note that all monies earlier received by way of mobilisation for any of the projects are to be promptly refunded. \u201cThe contractors are to refund the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":25752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[11],"tags":[3988,4638,4082],"class_list":["post-25707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro","tag-government","tag-procurement","tag-projects"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NDDC revokes 20-year-old unexecuted contracts, orders contractors to refund monies received &#187; 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