• Contact Us
  • About Us
Tuesday, July 29, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

NDDC BUDGET DEFENCE: IYC Commend senate for insisting on new board

metro by metro
November 30, 2019
in Economy
0
0
SHARES
0
VIEWS
NDDCThe Ijaw Youth Council (IYC) worldwide has commended the President of the Senate, Dr.  Ahmed Lawan and the entire Senate of the Federal Republic of Nigeria for barring the illegal interim Management Committee of the Niger Delta Development Commission (NDDC) from defending the 2019/2020 budget of the Commission.
In a press statement signed by Barrister Eric Omare, President, the IYC Worldwide said “the Senate has by this decision once again demonstrated its capacity to defend the rule of law and democracy in Nigeria.” Recalling that “when the NDDC Act was passed in the year 2000, the then President Obasanjo refused to assent to the bill as passed by the National Assemnly because of the funding provisions, Barrister Omare said, ” however, the National Assembly led by the charismatic Dr. Chuba Okadigbo as Senate President and Hon. Ghali Umar Na’Abah as Speaker of the House of Representatives stood on the side of the people of the Niger Delta region and vetoed the presidential assent and passed the NDDC Act into law and established the NDDC. In effect the NDDC is a baby of the National Assembly and we are glad that the present National Assembly lived up to the expectation of the people of the Niger Delta region by coming out to defend the survival of the NDDC.”
The Ijaw Youth Congress President called on the House of Representatives to “follow the lead that has been provided by the Senate and also bar the illegal IMC from coming to defend the 2019/2020 NDDC budget.” The premier Ijaw youth organisation called on the National Assembly to “probe the expenditures of the illegal Interim Management Committee and sanction those culpable for spending money from the funds of federal government without parliamentary authorization.”

Read Also

Odds Against Nigeria’s $1 Trillion Economy Ambition

CBN Survey Shows High Interest Rates Beat Insecurity, Power Among Hindrances To Business Expansion, Profitability 

FTS: Disquiet In Banking, Manufacturing Sectors Over Recapitalisation, Interest Rates

Tags: NDDC BUDGET DEFENCE
Previous Post

Aisha Buhari Challenges Osinbajo, Governors, Mlnisters On Insecurity, Poor Governance

Next Post

Respite For Investors As N314b November Gains Reduce Investors’ Loss To N1.65tr

Related Posts

FG To Start Paying Debt Service As Nigerian Economy Grows By 2.99% In Q1 2024-Edun
Economy

Odds Against Nigeria’s $1 Trillion Economy Ambition

July 28, 2025
Uneasy Calm In Banking Industry Over FG Special Investigator’s Report
Economy

CBN Survey Shows High Interest Rates Beat Insecurity, Power Among Hindrances To Business Expansion, Profitability 

July 24, 2025
FTS: Disquiet In Banking, Manufacturing Sectors Over Recapitalisation, Interest Rates
Economy

FTS: Disquiet In Banking, Manufacturing Sectors Over Recapitalisation, Interest Rates

July 24, 2025
CBN
Economy

Against Expectations, CBN Holds Interest Rate At 27.5% For Seventh Straight Time 

July 22, 2025
Next Post
NSE

Respite For Investors As N314b November Gains Reduce Investors’ Loss To N1.65tr

Gold Hits Record High, Oil Prices Slide

Oil Climbs on EU Trade Deal, Potential US-China Tariff Truce Extension

July 29, 2025
Lagos Vows To Enforce Monthly Rental Policy

Lamentations, Anger As Lagos Doctors Embark On Three-Day Warning Strike.

July 28, 2025
FG To Start Paying Debt Service As Nigerian Economy Grows By 2.99% In Q1 2024-Edun

Odds Against Nigeria’s $1 Trillion Economy Ambition

July 28, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version