Director General of Nigeria Broadcasting Commission (NBC), Is’haq Modibbo-Kawu, said the Economic and Financial Crimes Commission, EFCC, has been directed to return the N10 billion seized from it.
Mr. Modibbo-Kawu, who announced this at a news conference in Abuja on Thursday, said President Muhammadu Buhari gave the directive.
The money was seized by EFCC during the tenure of former DG of NBC, Emeka Mba.
Mr. Modibbo-Kawu said the money was still in the custody of the anti-graft agency but that President Buhari had ordered that it be released to the commission.
He said the EFCC was expected to give further details on the release process in due course as directed by the President.
Mr. Mba, Basil Udotai and his company, Technology Advisor LLP, were accused along with others by the EFCC of having a hand in an alleged diversion of N10 billion from the N34 billion paid by the MTN to the NBC.
The amount was part of the money meant for digital television broadcasting in the country.
EFCC had also alleged that the money was transferred to a bank in breach of Federal Government’s directive on Treasury Single Account.