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21st of October 2018

Nigeria News

NCDMB collaborates with EFCC to check oil coy’s infractions

The Nigerian Content Development and Monitoring Board (NCDMB), said it has plans to collaborate with the Economic and Financial Crimes Commission (EFCC) to forge more effective collaboration for quick investigation of serious infractions by oil and gas companies in Nigeria.

In a statement by the Senior Media Officer, Teleola Oyeleke, he said, Engr. Simbi

Wabote, the Executive Secretary, NCDMB, disclosed this, when he led the Board, on a courtesy visit to the Acting Chairman of the EFCC, Mr. Ibrahim Magu at

the Commission’s new Head Office Building in Jabi, Abuja on Tuesday.

He said, “we plan to refer serious fraudulent discoveries from the audit to the Commission for further action.

“The Board will like to initiate the development of a

MoU between the two agencies to enable quick deployment once the services of the Commission

are required.”

“We regularly receive alerts via the whistleblowing portal on

our website. We do our bit to investigate such alerts and believe some of the major findings may

be candidates for referral to EFCC.

“One of the key agencies driving one of the core programs

of His Excellency, President Muhammadu Buhari, has succeeded

in building a reputation for itself locally and internationally as a fearless fighter in the war against


“Thus, his Board is fully aligned with Mr. President’s fight against corruption.

Which is why the Board attends to requests for information or clarifications about contract and

oil and gas transactions under EFCC investigation expeditiously.”

He said, the Board has put in place an Anti-Corruption and Transparency Monitoring Unit,

headed by a senior member of the management team, to promote anti-corruption and ethical

behavior and to investigate any internal infractions.

To foster a deeper relationship, Wabote indicated that the Board needs more support on the

investigative side of our activities and the expertise of EFCC.

In response, the Acting Chairman of EFCC, Mr. Magu expressed delight at the visit and

commended Engr. Wabote for the bold move to enlist the support of EFCC.

He stated that his

Commission has partnered successfully with other government agencies to contain fraud and

financial malpractices.

He emphasized that the fight against corruption should be viewed as

everybody’s fight in Nigeria because it is the only way to save the economy from being wrecked

by corrupt individuals.

He thanked NCDMB for the measures and structures put in place to promote transparency and

ethical behavior, while urging every stakeholder in Nigerian to join the fight and to preach against

corruption in their spheres of influence.

Magu promised that his Commission is ready and willing to

support the NCDMB to recover any money due it as an agency of the federal government. He

expressed the desire for local content practice to be extended to other important sectors of

Nigerian economy.

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