Ex Director General of the National Broadcasting Commission (NBC), Mr. Emeka Mba is in fresh trouble after it was revealed that he, alongside three others are set to face prosecution by the Economic and Financial Crimes Commission (EFCC).
According to reports, the EFCC has recovered has recovered NN10,061,172,600 from the NBC being alleged inflation of collateral funds meant for Digital Set-Top -Boxes.
One of those expected to face trial, NBC’s Director of Finance, Mr. Patrick Areh is alleged to have received a curious transfer of N390million and another N20million cash gift from the contract sum.
In addition, NBC under Mba is said to have defied the FG’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 allegedly also awarded contracts beyond the N50million spending limit of the DG.
An EFCC document 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.”