Stella Dimoko Buhari Orders EFCC To Return N10bn To NBC


Advertisement - Mobile In-Article

Friday, October 14, 2016

Buhari Orders EFCC To Return N10bn To NBC

President Muhammadu Buhari has approved the return of N10bn seized from the National Broadcasting Commission by the Economic and Financial Crimes Commission.

The Director-General of NBC, Mallam Is’haq Kawu, said this in Abuja on Thursday at a press conference to announce the 20th edition of Africa Broadcasting Conference and Exhibition coming up in Abuja next week.
The money is part of the funds realised by the NBC from the controversial sale of frequency to MTN Nigeria Communications Limited.

The funds had been a subject of probe by the EFCC following allegation that the broadcast regulatory agency failed to remit it to the Treasury Single Account at the time prescribed by the Federal Government.
The NBC had claimed that the funds were meant for projects being executed for the country’s migration to digital broadcasting.

Kawu said the funds would be channelled towards projects and programmes aimed at achieving the transition to digital broadcasting for which a deadline of June 2017 had been set.
He added that the NBC was planning to establish a content development for the broadcast industry as the era of digitisation was expected to create immense need for content development as a result of multiple channels to be witnessed in the new era.

The NBC boss said, “We are going to assist a lot of young people to get finances for the production of their contents. We are thinking in terms of content development fund within the NBC and the NBC also provides opportunity for young content providers.”
According to Kawu, a 10 per cent increase in the digitisation of the broadcast industry is predicted to create one million new jobs.
Meanwhile, the Minister of Information and Culture, Alhaji Lai Mohammed, has given assurance that the digital switchover from analogue television would be achieved in the Federal Capital Territory before the end of the year.

Mohammed gave the assurance after a guided facility tour of Pinnacle Communication Limited – the licensed signal distributor of the DSO in the FCT and Trefonics, a manufacturer of Set-Top-Boxes.

He said it was imperative to ascertain the level of preparation of all the stakeholders in order to ensure a successful roll-out in Abuja.
The minister said, “We are very much on track but I think it’s important to understand what the Digital Switch Over entails. It entails that all the component actors be ready.”

He expressed satisfaction with the signal distributor as well as the Set-Top-Box manufacturer, adding that they were on track to meeting the switch over date.

Punch reportage.


  1. They should return it first.

    1. The only thing I saw there was 1million new I hope they are not giving us false hope

  2. So far when return they should channel it for the propose of the money.

  3. EFCC and DSS are gradually becoming a torn in the flesh of Nigerians. They are classic agents of witch hunting, propaganda and sabotage. Buhari needs to wake up from this his slumber party. Nigerians are hungry and angry.

    Imagine a full grown man approaching me at the filling station to buy him the least 2 litres of fuel for his car because he needs to go see his woman who just gave birth. He looked dejected and hopeless. I just gave him 5h because he looked sincere. But I tire for the whole scenario. People are really suffering and in dire need.

  4. Why did he seize it in the first place?

    Hair loss in women can be psychologically devastating. Ladies, get to learn the Do's and Don'ts on how to deal with hair loss here

  5. Okay oh

    Waiting for them to return it

  6. They would siphon half of the 10bn.

  7. Stella dey bring puzzle for us nau instead of Vuharia and im wrinkled face

  8. This country, the government, nothing interests me again sef

  9. hahahaha Chidinma, you dont want to see your president, na lie ooo. the old baba will continue to be in our faces until 2019.


Disclaimer: Comments And Opinions On Any Part Of This Website Are Opinions Of The Writers Or Anonymous Persons And They Do Not Represent The Opinions Of

Pictures and culled stories posted on this site will be given due credit and is not the fault of if website culled from misrepresents source of story.

If you have a complaint or a story,Please Contact Via
Mobile Phone +4915210329280