FG orders EFCC to refund N10bn to NBC

The federal government has ordered the Economic and Financial Crime Commission (EFCC) to refund the sum of N10 billion it confiscated to the National Broadcasting Commission (NBC). NBC’s Director General, Modibo Kawu, told journalists on Thursday ahead of the Africast Conference holding next week.

According to Kawu, the presidential order for the release of the money was to enable the NBC fulfil its digitisation target for next year.

EFCC seized the money when it swooped on the NBC in February. EFCC has returned to the National Broadcasting Commission (NBC) the N10 billion seized from its accounts early this year, a top official of the commission has said.

READ Also  Effect of Recession on Luxurious Life-Style: Private jets ownership in Nigeria drops by 50%.

The N10bn was part of N34bn proceeds of a spectrum sold to MTN Nigeria but was allegedly hidden in an account by then Director General, Emeka Mba.

He said part of the money was being used to fund the Digital Switch Over (DSO). The DG said he was optimistic Nigeria would not miss the June 2017 deadline for the digital switchover as the administration of President Buhari was committed to the scheme.

Digitalisation of our broadcast sector will definitely open up our economy and boost it for good, Malam Kawu stated.
He added that thousands of jobs would be created and Nigerians would have more choices as to what to view and listen to.

READ Also  Read an Excerpt From Chimamanda Ngozi Adichie’s New Book on How To Raise a Feminist


Welcome! Login in to your account

Remember me Lost your password?

Lost Password