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.
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