Buhari Orders EFCC To Return N10 billion Seized From NBC
President Muhammadu Buhari has ordered the Economic and Financial Crimes Commission (EFCC) to return the N10 billion seized from the Nigeria Broadcasting Commission (NBC).
Is’haq Modibbo-Kawu, Director-General of the NBC made this disclosure at a news conference in Abuja on Thursday while addressing journalists on the International Conference for African Broadcasters (AFRICAST) scheduled for October 18, 2016.
The money was part of the proceeds from the sales of spectrum made during the tenure of former DG, Emeka Mba and was seized by the EFCC in March 2016.
According to Modibb0-Kawu, the NBC is working towards obtaining the money from the anti-graft agency in order to fasttrack the digitization process.
He said that President Buhari is aware of the importance of the Digital Switch Over to Nigeria’s economic success and they are ready to use the digital revolution as a major starting point for revolutionary approach to employment in the country.
The EFCC had accused the former DG, Mba, Technology Advisor LLP, and others of diverting N10 billion from the N34 billion paid by telecommunications giant, MTN to the NBC which was meant for digital television broadcasting in the country. Subsequently, it seized the funds which it alleged was recovered from the accused persons.