In a statement released by its Corporate Communications Department, the Nigerian Content Development and Monitoring Board, or NCDMB, refuted rumours that it had spent N9.9 billion on consulting services, claiming that its operations are transparent. The statement also explained that due process was followed in all of its transactions and that all expenditures were approved in accordance with financial and procurement guidelines.
“The NCDMB wishes to alert the public that a sponsored group, CCSGG, masquerading as a coalition of civil society group for good governance are recycling the same bogus and unfounded allegations that were recently published against the operations of our agency,” according to the statement.
“While we dismissed these patently false allegations in a widely circulated press statement on Thursday, February 13, titled: ‘NCDMB Observes the Highest Standards of Accountability, Transparency, and Due Process in its Operations’, the purveyors of this evil campaign have gone ahead to recruit unsuspecting journalists across some national media to continue to peddle their lies.
“Due process was followed and all expenditures in relation to this strategic workshop and other projects of the board were made in accordance with approved financial and procurement guidelines.” “There was no such expenditure of N9.9 billion by the board for consultancy services. It is instructive to note that this figure has moved from N7.7 billion to this new figure within a week by these fake groups masquerading as civil society groups.”
The workshop, which takes place every two years, involves the leadership and senior management of those critical agencies and aims to ensure a harmonious implementation of policies and regulations by all agencies and institutions connected with the NOGICD Act implementation.”
“S.B Capital Partners & Advisory Limited, hired by the Board in 2018, provides credit review services for the NCDMB Nigerian Content Intervention Fund (NCIF) at Bank of Industry. “The credit analysis by S.B Capital Partners & Advisory Limited aims to determine the economic feasibility and bankability of projects submitted to the Board via the Bank of Industry (BoI) on our Nigerian Content Intervention Fund (NCIF).
“The Board conducts all its operations within the highest levels of transparency, which is why we have for three consecutive years won the award from the Presidential Enabling Business Environment Council (PEBEC) as the number one agency in transparency and efficiency amongst all federal ministries, departments and agencies.”
