Niger Delta Development Commission (NDDC) has signed an agreement with KPMG, a multinational business management consultancy firm, to provide advisory services to the commission on global best practices in corporate governance culture and internal processes.
Speaking during the signing ceremony at the NDDC headquarters in Port Harcourt, Rivers State, on Wednesday, Managing Director, Samuel Ogbuku, said partnering KPMG, would help elevate the commission’s processes to international standards.
He said: “Today is a ground-breaking moment. NDDC has been seen as a failure in the past. So, we decided to adopt global best practices for our corporate governance culture and internal processes. Hence, the decision to engage the KPMG to provide professional advisory services on our corporate governance culture and internal processes.
“We are ready to be internally regulated. Signing this agreement with the KPMG will boost the credibility of the NDDC and, in the long term, enhance the development of the Niger Delta region.”
Ogbuku said the objective was to strengthen the NDDC as an institution by instituting internal regulations that would outlive the current management.
“For us to do things differently, we must do them according to international best practices. This is why we engaged KPMG to provide advisory services.
“As part of our drive in this administration, we have duly engaged development partners and donor agencies; we believe this is a crucial step as it builds confidence that we not only have good governance, but that we are also transparent.”
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