FG approves forensic audit of NDPHC accounts

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ABUJA – The Board of the Delta Holding (NDPHC) on Friday in Abuja approved the forensic audit of statement of accounts of the company.


Gov. Ibrahim Dankwambo of Gombe State made this known when he addressed State House correspondents on the outcome of the last meeting of the board under the current administration.


The meeting was chaired by Vice-President Namadi Sambo.


Dankwanbo said the audit was aimed at ensuring accountability and transparency as well as achieving adequate power distribution in the country.
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“With today’s approval (of the audit) 2013/2014 statement of accounts of the Power Holding Company would have been made till date for onward transmission to whoever is interested in getting to know the truth financials of the company that we have managed.


“Also, the demarcation was that 2005 to 2012 was a single company that was formed, the Delta Power Holding Company, the different is that in 2013 and 2014 that has been fragmented into several companies.


“Very soon before the audit will be concluded and that will also be signed.’’



The Director of the company, Mr James Olotu, who also addressed the correspondents on the outcome of the meeting, said 265 out of the 296 distribution power projects initiated by President Goodluck Jonathan’s administration had been completed.


According to him, the board has successfully completed 330/132 kv sub-station and many other power projects.


He said some of the completed projects would soon be inaugurated before May 29.(NAN)
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