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    Dangote Cement Profits Soar to ₦743bn on Price Increase

    Dangote Refinery Faces Competition as Ardova, Ibeto Cut Prices

    Honeywell Flour Reports 12% Profit Growth in FY 2026, Recommends ₦0.20 Kobo Dividend

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    Airtel Africa Releases Audited Financial Statements for Q1 2026

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    EFCC Nabs Fleeing Convicted Ex Power Minister for ₦33.8bn Fraud

    SEC Moves Nigerian Capital Market to T+1 Settlement System

    SEC Moves Nigerian Capital Market to T+1 Settlement System

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    Bill to prohibit foreign currency use in Nigeria scales first reading

    Nigeria’s Capital Importation Hits $10.37bn in Q1 2026

    Airtel Africa Releases Audited Financial Statements for Q1 2026

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    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

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    Marketers are not buying our petrol, we have 500 million liters in our tank – Dangote

    Dangote Refinery Exceeds 650,000 bpd Nameplate in Licensor Performance Test

    Access Holdings Profit Surges 22% in Q1 2026

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    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

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Alleged NBC N2.9b Fraud: Defendant Loses in Application against EFCC

Wednesday, 2 December 2020, 6:00 pm
in News, Nigeria
0
EFCC Investigates Two Lebanese For $890,000 Fraud
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Justice Giwa Ogunbanjo of Federal High Court, Abuja, on Tuesday, December 1, 2020, threw out the application of Patrick Areh, the second defendant in the trial of the former director-general of National Broadcasting Commission (NBC) Emeka Mba, and four others for alleged N2.9billion fraud, according to the press release issued by the Economic and Financial Crimes Commission (EFCC) on Wednesday.

EFCC said that Mba and Areh, alongside Basil Udotai, Babatunde Amure, and a company, Technology Advisors are facing prosecution by the EFCC, for alleged diversion of N2.9 billion, meant for the purchase of setup boxes for digital switch-over from analogue broadcasting in the country.

The application had sought the rejection of the testimony of Abubakar Madaki, a prosecutor with the Economic and Financial Crimes Commission, EFCC.

  • Read also: Breaking: Naira value tumbles against the dollar wiping earlier gains at the parallel market
  • Just in: CBN introduces Special Bills to deepen the financial markets

Judge Ogunbanjo stated there was no reason why the testimony should not be admitted in evidence since the applicant failed the test of the burden of proof in the trial.

“I, therefore, overrule the second defendant’s objection to the admissibility of the statement; such is to be tendered in evidence. The said statement is therefore tendered and marked accordingly,” the judge said.

EFCC said the NBC fraud case was adjourned till March 9, 10, 23, and 24, 2021, for the continuation of the trial. Are’s application failed for his failure to prove his claim that he did not write his statements in EFCC’s office out of his own volition but was traumatized and coerced by Madaki into doing so.

By: Ifunanya Ikueze

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