Nigeria News App

Join NN App My Account
Stats: 588 members, 3,494 topics. Date:   Wed, 24 2019 at 02:07 am
For more please contact us @ [email protected]

Nigerian News

FrontPage Forum Must Read Latest Posts Breaking News Entertainment Politics Business Economy Sports Romance General Hausa News
Trending :
Join NN App Earn by reading news Sign in My earnings Invite friends Income record How it works FAQ Testimonial Income support Today offer

Digital switch-over: ICPC probes NBC boss, others over N2.5bn grant

By - - [ ]

The Independent Corrupt Practices and other related offences Commission (ICPC) has launched a full scale investigation into allegations of mismanaging N2.5 billion of the N10 billion grant for the digital switch-over programme of the Nigerian Broadcasting Corporation (NBC).

It was gathered that the sum of N10 billion was released to NBC in 2016, through the Ministry of Information and Culture for the digital switch-over programme, which entails migration of telephone lines from analogue to digital platforms and a White Paper was issued directing that the process be specifically handled by government-affiliated companies.

But inside sources hinted the anti-graft agency that over N2.5 billion had been squandered by the top director of the corporation as there was nothing to show for the amount claimed to have been spent by the management.

This prompted the commission to summon the NBC Director General, Dr. Ishaq Moddibbo Kawu, and other top management staff of the agency for questioning over their alleged involvements in the misapplication of the fund.

ICPC spokesperson, Rasheedat Okoduwa, who confirmed the grilling of the NBC DG and other senior staff to Daily Trust, said the commission studied the guidelines provided by the White Paper and discovered that two companies were nominated to handle the process, one of which was ITS, an affiliate of the Nigerian Television Authority (NTA) which got N1.7 billion for the commencement of the switch-over.

“The N2.5 billion was paid into the Zenith Bank account of Pinnacle Communications Limited in May/June 2017 for the programme,” she alleged.

During interactions with the DG NBC, he could not justify why the government White Paper was flouted leading to the release of money to an unqualified company. However, the Managing Director of Pinnacle, Mr. Dipo

Onifade, during interrogation, confirmed the release of the funds to the company. He could not justify that the money was used for the purpose of digital switch-over.

The spokesperson stated that through investigation, it was also discovered that several suspicious transfers of large sums of funds from the account of the company into the bank accounts of several organisations and individuals took place.

“It was found out that N100 million of the fund was paid into the personal bank account of Mr. Onifade in Zenith Bank, which he claimed was for legal services that he had rendered to the same Pinnacle Communications where he is employed.

“Also, investigation revealed that another N450 million was transferred into the account of Sabdat Investment Limited, a Bureau de Change, which then converted the money into dollars and handed it over to the Chairman of Pinnacle Communications Limited, Mr. Lucky Omoluwa, in his Kaduna residence,” she said.

She said that investigations was still ongoing.

Like .

Others are reading

8 Comments Nigeria News
Olite1996• 8 months ago
iammicharles• 8 months ago
Can you imagine?
AdetolaAkomolafe• 8 months ago
Nice move..
Raymond• 8 months ago
OK oo
innkayobami• 8 months ago
Good move
Iyamahsolomon• 8 months ago
Abidoun• 8 months ago
Nice 1
ANOINTING• 8 months ago

(Go Up)

Have a news to share? Contact Email: [email protected]

NIGERIA NEWS APP ( is a website owned by IAR (IJMBway Alevel Registraion) a registered company that pays you for reading news, commenting on every news, sharing our ads on Twitter/ Facebook, inviting friends & family and logging daily. You can make upto ₦200,000 just by inviting people to read Latest Nigerian News & Breaking News in Nigeria. Register today with ₦1,600 to become a member.

© 2018 - Nigerian News App.