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Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others - Politics - Nairaland

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Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by 9jaclicktivist: 6:35am On Mar 04, 2016
Fraud in NBC: EFCC recovers N10b, set to prosecute ex-DG Mba, three others
The Economic and Financial Crimes Commission (EFCC) has recovered NN10,061,172,600 from the National Broadcasting Commission(NBC) being

alleged inflation of collateral funds meant for Digital Set-Top -Boxes.

The commission is set to prosecute a former Director-General of NBC, Mr. Emeka Mba and three others.

Also to face trial is the NBC’s Director of Finance, Mr. Patrick Areh, who received a curious transfer of N390million and another N20million cash gift from the contract sum.

Others are the Managing Director, Technology Advisor, Mr. Basil Udotai, and the Managing Director of In-View Technology Limited and D-Vine Partners Limited, Mr. Babatunji Amure.

According to EFCC’s investigation, NBC under Mba defied the Federal Government’s directive of August 7, 2015 on Treasury Single Account (TSA) to divert N15,038,400,000, out of N34,114,500,000 received from MTN for Spectrum Band Width, to finance the contract for the Digital Set-Top -Boxes.

Out of the diverted N15,038,400,000 as collateral security to Zenith Bank Plc, EFCC investigators discovered that only N4,977,227,400 was needed.

The commission said “only eight (cool out of the 12 companies opened letter of credit amounting to N3,739,727,400.00 while the sum of N1,237,400,000 was for the Digital Access Fees making a total of N4,977,227,400.”

The EFCC said after a reconciliation meeting with the Ministry of Information and Zenith Bank Plc, it was “agreed that N10,061,172,600 was in excess and should be recovered by the EFCC.”

Mba and others will face trial for non-compliance with the Federal Government’s directive on TSA, abuse of the Procurement Law, and award of contracts beyond the N50million spending limit of the DG of NBC.

A document obtained last night reads in part: “Sometimes in 2015, the Federal Government through the Office of the Head of Service issued a circular dated 7/8/2015 directing all government parastatals and agencies to mop up all government funds in commercial banks to Treasury Single Account( TSA) with CBN.

“However the NBC in a flagrant disobedience to the directives of the government diverted the funds in its accounts to some companies.

“That on 28/7/15, the NBC received an inflow of N34,114,500,000 (Thirty four billion, one hundred and fourteen million, five hundred thousand Naira) from the MTN Operations Account being proceed of lease of Spectrum Band Width licensed to MTN by the commission.

“That while the funds were in the account of NBC, the FG issued a circular dated 07/08/2015 to the effect that all government agencies and parastatals should mop up and move all the funds in their accounts to Treasury Single Account (TSA) with the CBN. This directive was to both the agencies and the banks that maintained those accounts.

“That despite the directives, the DG National Broadcasting Commission and the bank in a flagrant disobedience to the directive transferred the sum of N2,899,500,000 to the account of Technology Advisor on 12/08/15 and then moved the sum of N15,038,400,000 in two tranches on 10/09/2015 and 14/09/2015 to Zenith Bank Plc which he claimed was a collateral security for Set-Top-Boxes suppliers while the balance of N15,891,625,341.57 was transferred to TSA in CBN on 15/09/2015.

“That as soon as Technology Advisor received the funds in its account, he commenced distribution to several beneficiaries which include N390,000,000 and N20,000,000 paid to the Director of Finance and Accounts, Mr. Patrick Areh through Kalaz Ventures Limited, a Bureau De Change operated by Abdullahi Kabiru who confirmed receiving the funds which he transferred the sum of N130million to Azuku Global Resources Limited while the balance was exchanged into dollars and handed over to MD Azuku Global Resources Limited, one Ibrahim Samaila fir onward transmission to the Director of Finance and Accounts, Mr. Patrick Areh.

“That Areh confirmed receiving part of the funds in dollars while the balance of N130million was given to Azuku Global Resources Limited for the construction of his Radio House at Onitsha, Anambra State.

“That In-View Technology Ltd was contracted to provide Digital Access for the Set-Top -Boxes and was paid N1,237,400,000 out of which the company transferred N20million to Patrick Areh through Azuku Global Resources
http://telltimes..com/2016/03/national-assembly-tells-buhar-to-drop.html

3 Likes

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by HungerBAD: 6:40am On Mar 04, 2016
What is wrong with people holding public offices in Nigeria?

Everybody stealing left and right.

Hopefully, some youths somewhere will not hold placards for Mr. Emeka Mba, protesting that their Kinsman should be released, because he is from a certain part of the Country.

67 Likes 4 Shares

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by eleojo23: 6:43am On Mar 04, 2016
HungerBAD:
What is wrong with people holding public offices in Nigeria?

Everybody stealing left and right.

Many people see being in public office as a case of "God don butter my bread" rather than an opportunity to render honest service.
That is why people steal at the slightest opportunity.

17 Likes 1 Share

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by ziccoit: 6:49am On Mar 04, 2016
One id1ot came on channel tv sometimes ago to defend this scam. Corruption in this country is carried out by well organized syndicate. Starting from the thief himself to the bank, the media and useless youths that would carry placards and write rubbish on social media such as NL to defend their corrupt kinsmen and brothers.

83 Likes 5 Shares

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by Pavore9: 6:49am On Mar 04, 2016
''The EFCC said after a reconciliation meeting with the Ministry of Information and Zenith Bank Plc, it was agreed that N10,061,172,600 was in excess and should be recovered by the EFCC.”........Sheer fraud! angry

16 Likes 1 Share

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by drsteroid(m): 6:56am On Mar 04, 2016
Corruption everywhere! I pray the judiciary can really suport this Govt to fight this monster which has eaten deep into every sector.
This is one of the reason I like military regime cos all these court processes takes time and this fight against corruption can't be totally won with corrupt judges

14 Likes 1 Share

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by kuuljay(m): 7:08am On Mar 04, 2016
Ironically some no do good miscreants will only look at the names of these thieves and conclude it's a witch hunt,

20 Likes 1 Share

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by alrahmanonline(m): 7:33am On Mar 04, 2016
When they start dealing with them now, Some NFA (No future ambition will carry placard to protest against detention of their brothers, meanwhile this people no send you when they're stealing billions, SMH..

14 Likes 1 Share

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by Clerverly: 7:38am On Mar 04, 2016
That Areh confirmed receiving part of the funds in dollars while the balance of N130million was given to Azuku Global Resources Limited for the construction of his Radio House at Onitsha, Anambra State.

To broadcast Hate messages....Smh!

29 Likes 1 Share

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by Clerverly: 7:39am On Mar 04, 2016
lalasticlala
Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by sammyj: 8:36am On Mar 04, 2016
cool This is long overdue. Like I use to say in my other comment "All Yams Eaters Must Return Them and Go to Jail". grin grin grin

3 Likes

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by Ebukaobi: 8:36am On Mar 04, 2016
IPOB youths will soon come to accuse the government of victimisation

They will fail to see how Emeka Mba stole billions in public money

Some of the stolen money was also used in funding IPOBic activities.

The EFCC should fast track the prosecution of these corrupt toads

17 Likes 1 Share

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by adedam007(m): 8:37am On Mar 04, 2016
Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by Nairalandar: 8:37am On Mar 04, 2016
Not again

1 Like

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by AdemolaA2: 8:38am On Mar 04, 2016
All I read is arrest this , prosecution that ... when will I ever read that they have all been jailed  Please , all other areas are in total mess.. hike in Electricity Tarrif = Poor Power supply , NNPC corruption = Long queue at filling stations or no sales at all. I hope we won't end up seeing another coup d'état in Nigeria ..

1 Like

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by Timoleon(m): 8:38am On Mar 04, 2016
This country self! na only billion billion dem dey steal...who dey spend dis money?

1 Like

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by Marshallian(m): 8:38am On Mar 04, 2016
When God finally wants to deal with your enemy

2 Likes

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by gabazin080(m): 8:39am On Mar 04, 2016
M

1 Like

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by twinskenny(m): 8:40am On Mar 04, 2016
people have really messed this country.. too bad

4 Likes

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by easyfem(m): 8:40am On Mar 04, 2016
Thanks for buari who make diz TSA work

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Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by Urine: 8:41am On Mar 04, 2016
At what point will these people get tired of stealing?

5 Likes

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by sayyid(m): 8:41am On Mar 04, 2016
imagine embezzlement up and down, left and right I wonder what will happen if the last administration is still in power

13 Likes 2 Shares

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by buoye1(m): 8:41am On Mar 04, 2016
Gross and massive mismanagement of public funds... Oh God punish them and their generations yet unborn for this act.

Some could bearly afford 50naira bread while some diverting 10billion naira...

10 Likes 1 Share

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by easyfem(m): 8:42am On Mar 04, 2016
We are getting , some idiot will b like hmmmm bauri is bad man


U just want everything to change withing a minute , let give diz man chance , mind u , if buari fail , we all fail


U need to know that

18 Likes 1 Share

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by igboboy3(m): 8:42am On Mar 04, 2016
Corruption in Nigeria is a syndicate. Everybody gets a cut. You only get busted when your party loses power.

Shame on Mr. Emeka Mba

7 Likes 1 Share

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by Empress2014(f): 8:42am On Mar 04, 2016
lipsrsealed every sector with it's own embezzlement tactics....these are the type of thieves that should be burn alive

3 Likes

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by demarc001: 8:43am On Mar 04, 2016
InTo Which purse(s) are all these recovered money going to?
Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by sambisaman: 8:43am On Mar 04, 2016
was MBA secretly assisting radio Biafra?

8 Likes 1 Share

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by dondo83(m): 8:43am On Mar 04, 2016
when osibanjo said corruption is a virus in the system and it will take total overhauling of our mind set as a nation, he was right.

7 Likes 3 Shares

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by AdemolaA2: 8:43am On Mar 04, 2016
All I read is arrest this , prosecution that ... when will I ever read that they have all been jailed Please , all other areas are in total mess.. hike in Electricity Tarrif = Poor Power supply , NNPC corruption = Long queue at filling stations or no sales at all. I hope we won't end up seeing another coup d'état in Nigeria ..
Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by rusher14: 8:44am On Mar 04, 2016
Honestly the ratio of criminals to innocent people in Nigeria is 80:20.

8 Likes 1 Share

Re: Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-dg Mba, Three Others by Naff24(f): 8:45am On Mar 04, 2016
During GEJ regime corruption is nothing, now baba is after dem to retrieves our lost treasures and some bastards will tag dis witch hunt, yet they care not when they single handedly milked us dry undecided

E no go better for whoever calls Mr President "Dullard"again grin

22 Likes

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