FG to commence $200m Nigerian Content Fund probe


The Federal Government has said it will commence forensic audit of oil companies’ contributions to the Nigerian Content Development Fund (NCDF) in which $200 million had been committed.


The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), custodian of the fund, Simbi Wabote, stated this at the 17th strategic Nigeria Oil and Gas (NOG) conference in Abuja. He threatened to handover saboteurs in oil firms to the Economic and Financial Crimes Commission (EFCC).


He said: “The forensic audit of the Nigeria Content Development Fund will commence. If we discover any sabotage, we will hand over any company liable to the Economic and Financial Crimes Commission (EFCC).”


Source: The Nation

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