The president explained that the inauguration of the new board of the commission was set in abeyance because the management committee of the commission needed to conclude its ongoing forensic auditing.
In a letter sent to the Senate and read by the Senate President, Ahmed Lawan, at the plenary, Buhari said that the suspension only ensures that the IMC's attention did not deviate from its main duties.
"I write to intimate the senate of the development concerning the appointment of the board of NDDC," the letter reads
"The Senate may wish to note that after the dissolution of the board of NDDC, an interim management team was set up to manage the affairs of the commission before a new board was composed and sent for Senate confirmation.
"The Senate is invited to note that while the process of composition and senate confirmation of the appointment of the board was on-going, I had directed that the forensic audit of the commission be carried out, which is being overseen by the constituted interim management team.
"Based on this and in order to allow for an uninterrupted process of forensic investigation, the board appointment confirmed by the Senate has to be put on hold.
"This is to allow the interim team to continue to manage the commission pending the outcome of the forensic audit.
"Thereafter, a new board of the commission will be re-composed for the confirmation by the Senate."
Dr. Pius Odubu, Chairman; Bernard Okumagba (Delta), Managing Director; Otobong Ndem (Akwa Ibom), Executive Director of Projects; Maxwell Oko (Bayelsa), Executive Director of Finance and Administration; Jones Erue (Delta); Victor Ekhator (Edo); Nwogu N Nwogu (Abia) and Theodore Allison (Bayelsa); are the confirmed nominees on the NDDC board by the Senate in November 2019.
Other nominees are: Antai (Akwa Ibom), Maurice Effiwat (Cross River), Olugbenga Edema (Ondo), Uchegbu Kyrian (Imo), Aisha Muhammed (North West); Shuaibu Zubairu (North East) and Abdullahu Bage (North Central).