NDDC Cancels Unexecuted Contracts Awarded Between 2000 And 2019, Asks For Refund
The Niger Delta Development Commission (NDDC) has cancelled unexecuted projects awarded between 2000 and 2019.
Contractors are thus expected to refund the monies for the projects.
In a statement issued by the NDDC on Sunday, it said the development followed a directive from the presidency.
“This is to bring to the notice of all contractors engaged by the Niger Delta Development Commission (NDDC), as well as stakeholders and the general public, that the Presidency has directed that all projects awarded by the Commission before December 31, 2019, for which the beneficiary contractors are yet to mobilise to site, are by this directive cancelled,” the statement read.
It added that “this cancellation is subject to any future re-award in accordance with the Public Procurement Act and in line with the terms of the contracts for the award of the said projects.
“Consequently, all affected contractors are advised to note that all monies earlier received by way of mobilization for any of the projects are to be promptly refunded to the Commission’s Account with the Central Bank of Nigeria.”